2 Bed Terraced House, Single Let, DH9 7SN, £65,000

Thomas Street, Annfield Plain, Stanley, Durham, DH9 7SN - 2 views - 3 months ago

Sold STC
BTL
ROI: 13%
~68 m²
+2 photos

ValuationOvervalued

Sold Prices£37K - £200K
Sold Prices/m²£398/m² - £2.3K/m²

 

 

Square Metres

~68.11 m²
Price/m²£954/m²

Value Estimate

£51,846

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£16,250

Stamp Duty & Legal Fees

£3,150

Total Cash In

£19,400

 

 

Cash Out

 

Rent Range

£475 - £625

Rent Estimate

£550

Running Costs/mo

£333

Cashflow/mo

£217

Cashflow/yr

£2,603

ROI

13%

Gross Yield

10%

Local Sold Prices

31 sold prices from £37K to £200K, average is £60K. £398/m² to £2.3K/m², average is £761/m².

PriceDateDistanceAddressBeds 
£43K12/200.01 mi12, Mary Street, Annfield Plain, Stanley, County Durham DH9 7SJ2
£51.5K08/230.01 mi13, Mary Street, Annfield Plain, Stanley, County Durham DH9 7SJ2
£51K08/210.02 mi3, William Street, Annfield Plain, Stanley, County Durham DH9 7SH2
£60K05/210.03 mi12, Elizabeth Street, Stanley, Durham DH9 7SW2
£60K05/210.03 mi12, Elizabeth Street, Stanley, Durham DH9 7SW2
£70K09/210.2 mi20, Stanhope Gardens, Stanley, County Durham DH9 8QG2
£54K06/210.23 mi23, Hawthorn Terrace, Stanley, Durham DH9 7TL2
£65K06/210.24 mi16, Prospect Terrace, Stanley, Durham DH9 7TR2
£75K12/220.27 mi45, Clavering Place, Stanley, County Durham DH9 7XD2
£56K04/230.28 mi11, Clavering Place, Stanley, County Durham DH9 7XD2
£48K06/230.28 mi42, Clavering Place, Stanley, County Durham DH9 7XD2
£61.8K06/210.28 mi11, Wolsingham Terrace, Stanley, County Durham DH9 8QJ2
£37K12/200.31 mi3, Wesley Terrace, Stanley, Durham DH9 8QL2
£63.5K01/230.31 mi18, Wesley Terrace, Stanley, County Durham DH9 8QL2
£42K02/210.31 mi21, Wesley Terrace, Stanley, County Durham DH9 8QL2
£50K06/210.39 mi8, Mulberry Terrace, Stanley, Durham DH9 7JH2
£50K09/210.39 mi7, Mulberry Terrace, Stanley, County Durham DH9 7JH2
£76.5K03/210.42 mi19, Ryde Terrace, Stanley, Durham DH9 8HQ2
£55.8K07/230.43 mi6, Church Street, Catchgate, Stanley, County Durham DH9 8HE2
£88K01/230.48 mi12, Jubilee Terrace, Stanley, County Durham DH9 7JJ2
£73K03/210.5 mi15, Windsor Drive, Stanley, Durham DH9 8SP2
£200K10/220.51 mi37, Windsor Drive, Stanley, County Durham DH9 8SR2
£150K11/200.56 mi4, Oxhill Villas, Stanley, Durham DH9 7JT2
£120K12/220.58 mi1, Oxhill Villas, Stanley, County Durham DH9 7JT2
£50K02/210.61 mi2, Duke Street, Stanley, County Durham DH9 8SF2
£85K01/230.63 mi17, Fairview Terrace, Stanley, County Durham DH9 8NR2
£92.5K03/230.63 mi18, Fairview Terrace, Stanley, County Durham DH9 8NR2
£73K03/210.65 mi10, Pontop Terrace, Stanley, County Durham DH9 8NS2
£61.8K04/230.7 mi5, Westview Terrace, Stanley, County Durham DH9 8NU2
£53.5K02/230.78 mi24, Harperley Gardens, Stanley, County Durham DH9 8RZ2
£52K08/210.98 mi46, Mitchell Street, South Moor, Stanley, Durham DH9 7BQ2

Local Rents

12 rents from £475/mo to £625/mo, average is £550/mo.

RentDateDistanceAddressBeds 
£55012/240.03 mi-2
£55012/240.1 miMitchell Street, Annfield Plain, Stanley, County Durham, DH92
£55012/240.23 miHawthorn Terrace, New Kyo, Stanley2
£62502/250.29 mi-2
£55012/240.33 miCatherine Terrace, New Kyo, Stanley2
£57512/240.36 mi-2
£60012/240.38 miHamsterley Gardens, Annfield Plain, Stanley2
£49512/240.48 miUnity Terrace, Stanley2
£47512/240.48 miCoronation Terrace, Stanley, Durham, DH92
£59510/240.48 mi-2
£55012/240.52 mi-2
£52512/240.57 mi-2

Local Area Statistics

Population in DH9

36,673

Nearest school

0.10 miles away

Nearest train station

6.22 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+3%

Sales demand

Seller's market

Capital growth (5yrs)

+8%

Property History

Listed for £65,000

February 6, 2025

Description

  • Two Bedrooms +
  • Mid Terrace +
  • Yard +
  • EPC Grade: D +
  • Council Tax Band: A +

*INVESTMENT OPPORTUNITY*

This property located on Thomas Street, Annfield Plain would make the perfect addition to your portfolio generating a prosperous rental yield of 10.15%; currently rented out on a fixed term tenancy till November 2025, generating a £550 per month income.

The house boasts a total of two bedrooms, a well-maintained reception room, and a practical kitchen. The master bedroom is spacious enough to accommodate a double bed, while the second bedroom is perfect for a single bed. The presence of these two bedrooms provides ample space for a small family or a couple.

The reception room, acting as the heart of the home, provides a warm space for you to entertain guests or just relax after a long day. The kitchen is functional and ready for your culinary adventures. The property also benefits from a well-maintained bathroom, rounding off the excellent features of this home.

One of the greatest selling points of this property is its fantastic location. It is in a neighbourhood that is well-served by public transport links, so getting around will be a breeze. For families, the proximity to local schools is a big plus. On top of that, local amenities are just a stone's throw away, ensuring you have everything you need right at your doorstep.

In conclusion, whether you are an investor eyeing a good return on investment or a homeowner looking for a comfortable and convenient place to live, this terraced house is worth considering. It offers a good blend of comfort, functionality, and location. Don't miss out on this fantastic opportunity!

EPC GRADE: D
Council Tax Band: A

IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS: We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.

STA250031/2

Agent Details

Reeds Rains, Stanley

01207 265777

Next Steps?

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