3 Bed Terraced House, Single Let, DH9 7BE, £68,950

Mitchell Street, South Moor, Stanley, DH9 7BE - 2 views - 3 months ago

Sold STC
BTL
ROI: 13%
~93 m²
+14 photos

ValuationUndervalued

Sold Prices£33K - £192.4K
Sold Prices/m²£495/m² - £2K/m²

 

 

Square Metres

~93 m²
Price/m²£741/m²

Value Estimate

£86,188
BMV25%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£17,238

Stamp Duty & Legal Fees

£3,269

Total Cash In

£20,506

 

 

Cash Out

 

Rent Range

£550 - £1,795

Rent Estimate

£566

Running Costs/mo

£349

Cashflow/mo

£217

Cashflow/yr

£2,608

ROI

13%

Gross Yield

10%

Local Sold Prices

42 sold prices from £33K to £192.4K, average is £86.5K. £495/m² to £2K/m², average is £925/m².

PriceDateDistanceAddressBeds 
£55K08/230.01 mi23, Mitchell Street, South Moor, Stanley, County Durham DH9 7BE3
£66K04/230.01 mi43, Mitchell Street, South Moor, Stanley, County Durham DH9 7BQ3
£75K02/210.13 mi26, Keswick Road, Stanley, Durham DH9 7QS3
£57.8K07/230.13 mi36, Lime Street, South Moor, Stanley, County Durham DH9 7EJ3
£80K02/230.15 mi9, Rydal Avenue, Stanley, County Durham DH9 7QR3
£65K06/230.18 mi23, Parmeter Street, South Moor, Stanley, County Durham DH9 7AR3
£50K11/210.19 mi12, Oliver Street, Stanley, Durham DH9 7AQ3
£71K01/230.19 mi114, Park Road, Stanley, County Durham DH9 7BL3
£55K01/230.2 mi161, Park Road, Stanley, County Durham DH9 7QE3
£87K03/230.2 mi31, Windermere Terrace, Stanley, County Durham DH9 7QX3
£125K03/210.23 mi9, Holyoake, South Moor, Stanley, Durham DH9 7BU3
£95K02/230.38 mi1, Palmer Street, Stanley, County Durham DH9 7RD3
£64.5K01/210.39 mi130, Westfields, Stanley, County Durham DH9 7DG3
£192.4K03/210.44 mi52a, Joicey Terrace, Stanley, County Durham DH9 7LS3
£96K12/220.46 mi55, Orwell Gardens, Stanley, County Durham DH9 6QA3
£87K02/210.49 mi20, North Terrace, Stanley, Durham DH9 7LD3
£150K07/210.49 mi5, Coniscliffe Road, Stanley, Durham DH9 7RF3
£145K09/210.49 mi18, Coniscliffe Road, Stanley, County Durham DH9 7RF3
£115K12/220.52 mi19, Orwell Gardens, Stanley, County Durham DH9 6QA3
£65.5K12/200.53 mi44, Third Street, Quaking Houses, Stanley, Durham DH9 7HA3
£33K11/200.53 mi11, Third Street, Quaking Houses, Stanley, County Durham DH9 7HA3
£115K05/230.54 mi29, Tyne Road East, Stanley, County Durham DH9 6NF3
£143K03/230.57 mi8, Grange Road, Stanley, County Durham DH9 7RQ3
£78.5K12/220.61 mi76, Fourth Street, Quaking Houses, Stanley, County Durham DH9 7HD3
£90K05/230.62 mi56, Heather Way, Stanley, County Durham DH9 7RP3
£63K01/210.62 mi56, Wansbeck Avenue, Stanley, County Durham DH9 6HU3
£88.8K07/210.62 mi56, Heather Way, Stanley, Durham DH9 7RP3
£121.8K12/200.64 mi3, Sabin Court, Stanley, Durham DH9 7JA3
£127.5K03/230.64 mi10, Lenin Terrace, Stanley, County Durham DH9 6PA3
£130K11/220.65 mi5, Stanleyburn Court, New Kyo, Stanley, County Durham DH9 7GA3
£52K02/210.8 mi95, Wear Road, Stanley, County Durham DH9 6HL3
£95K12/210.8 mi92, Wear Road, Stanley, County Durham DH9 6HW3
£82K04/210.82 mi29, South View, Annfield Plain, Stanley, Durham DH9 7UB3
£100K12/220.88 mi1, Weardale Terrace, Annfield Plain, Stanley, County Durham DH9 7TX3
£86K01/210.88 mi21, Weardale Terrace, Stanley, Durham DH9 7TX3
£110K09/210.89 mi24, Teesdale Terrace, Stanley, County Durham DH9 7TU3
£90K08/210.91 mi96, Hollyhill Gardens East, Stanley, Durham DH9 6PG3
£78K06/210.91 mi92, Hollyhill Gardens East, Stanley, Durham DH9 6PG3
£125K03/230.91 mi14, Hollyhill Gardens East, Stanley, County Durham DH9 6PG3
£85K06/230.95 mi55, Durham Road, Stanley, County Durham DH9 6QY3
£77K07/230.98 mi15, Leeholme Court, Stanley, County Durham DH9 7YD3
£52K03/230.99 mi34, Durham Road, Annfield Plain, Stanley, County Durham DH9 7UF3

Local Rents

10 rents from £550/mo to £1.8K/mo, average is £638/mo.

RentDateDistanceAddressBeds 
£60012/240.18 mi-3
£60004/250.18 mi-3
£62503/250.19 mi-3
£1,79503/250.25 mi-3
£67511/240.29 mi-3
£65003/250.36 mi-3
£95012/240.47 mi-3
£75001/250.51 mi-3
£62507/240.55 mi-3
£55012/240.61 miSpen Street, Stanley, Durham, DH93

Local Area Statistics

Population in DH9

36,673

Nearest school

0.40 miles away

Nearest train station

5.25 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+3%

Sales demand

Seller's market

Capital growth (5yrs)

+8%

Property History

Listed for £68,950

February 6, 2025

Floor Plans

Description

Sylvester Properties are pleased to welcome to the sales market this three-bedroom terraced property located on Mitchell Street, South Moor, Stanley. This ready to move into home would make an ideal family home or ready to rent investment opportunity. The layout of this home comprises; to the ground floor, an entrance hallway, lounge and open plan kitchen / dining room. To the first floor are three sizeable bedrooms as well as a bathroom. Externally, there is a yard serving use as off road parking.

Lounge
The lounge is located toward the front of the property, complete with neutral décor throughout comprising of grey carpets, grey and white walls and an electric fire. This comfortable open plan reception room leads into the kitchen / diner.

Kitchen / Diner
The kitchen / diner benefits from a combination of grey wall and base units topped with marble effect work benches. This well-equipped kitchen comes complete with plumbing for a washing machine, integrated oven, touch screen hob and integrated fridge. Decorated with grey walls and grey tile effect vinyl flooring. A home-made bar can be located within this space as an added bonus.

Master Bedroom
The master bedroom overlooks the rear elevation, complete with grey carpets and complementing neutral walls. An integrated walk in style wardrobe housing the boiler can be located in this room.

Bedroom Two
Bedroom two can comfortably house a double bed with ease, alongside showcasing grey carpets and clean white walls.

Bedroom Three
Bedroom three serves ideal use as a single bedroom, but could easily be adapted into an at home office or dressing room if three bedrooms are not required.

Bathroom
The bathroom contains a three-piece white suite comprising of a WC, wash basin and bath with overhead shower.

External
Externally, there is an enclosed yard which serves use as off road parking if desired.

Agent Details

Sylvester Properties, Stanley

01202 145447

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪