3 Bed Terraced House, Planning Permission, DH9 7NT, £90,000

Derby Road, Stanley, County Durham, DH9 7NT - 5 views - 2 months ago

Sold STC
Planning
ROI: 8%
~93 m²
+11 photos

ValuationUndervalued

Sold Prices£43K - £192.4K
Sold Prices/m²£495/m² - £1.9K/m²

 

 

Square Metres

~93 m²
Price/m²£968/m²

Value Estimate

£96,490
BMV7%

Investment Opportunity

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£22,500

Stamp Duty & Legal Fees

£3,900

Total Cash In

£26,400

 

 

Cash Out

 

Rent Range

£550 - £1,795

Rent Estimate

£600

Running Costs/mo

£421

Cashflow/mo

£179

Cashflow/yr

£2,145

ROI

8%

Gross Yield

8%

Local Sold Prices

50 sold prices from £43K to £192.4K, average is £90K. £495/m² to £1.9K/m², average is £1K/m².

PriceDateDistanceAddressBeds 
£63K01/210.11 mi56, Wansbeck Avenue, Stanley, County Durham DH9 6HU3
£115K05/230.18 mi29, Tyne Road East, Stanley, County Durham DH9 6NF3
£64.5K01/210.23 mi130, Westfields, Stanley, County Durham DH9 7DG3
£52K02/210.26 mi95, Wear Road, Stanley, County Durham DH9 6HL3
£90K05/230.27 mi56, Heather Way, Stanley, County Durham DH9 7RP3
£88.8K07/210.27 mi56, Heather Way, Stanley, Durham DH9 7RP3
£95K12/210.28 mi92, Wear Road, Stanley, County Durham DH9 6HW3
£115K12/220.29 mi19, Orwell Gardens, Stanley, County Durham DH9 6QA3
£96K12/220.3 mi55, Orwell Gardens, Stanley, County Durham DH9 6QA3
£150K07/210.31 mi5, Coniscliffe Road, Stanley, Durham DH9 7RF3
£145K09/210.31 mi18, Coniscliffe Road, Stanley, County Durham DH9 7RF3
£127.5K03/230.34 mi10, Lenin Terrace, Stanley, County Durham DH9 6PA3
£95K02/230.35 mi1, Palmer Street, Stanley, County Durham DH9 7RD3
£143K03/230.38 mi8, Grange Road, Stanley, County Durham DH9 7RQ3
£50K11/210.39 mi12, Oliver Street, Stanley, Durham DH9 7AQ3
£55K01/230.4 mi161, Park Road, Stanley, County Durham DH9 7QE3
£71K01/230.4 mi114, Park Road, Stanley, County Durham DH9 7BL3
£192.4K03/210.4 mi52a, Joicey Terrace, Stanley, County Durham DH9 7LS3
£80K02/230.44 mi9, Rydal Avenue, Stanley, County Durham DH9 7QR3
£43K03/230.45 mi1, Belle Street, Stanley, County Durham DH9 0DB3
£65K06/230.45 mi23, Parmeter Street, South Moor, Stanley, County Durham DH9 7AR3
£89K03/230.47 mi44, Burns Close, Stanley, County Durham DH9 6TP3
£87K03/230.49 mi31, Windermere Terrace, Stanley, County Durham DH9 7QX3
£125K03/210.5 mi9, Holyoake, South Moor, Stanley, Durham DH9 7BU3
£75K02/210.5 mi26, Keswick Road, Stanley, Durham DH9 7QS3
£75K06/210.51 mi4, Coates Close, Stanley, County Durham DH9 6XA3
£60K03/210.52 mi24, Pentlands Terrace, Stanley, Durham DH9 6QJ3
£54.3K03/210.52 mi23, Pentlands Terrace, Stanley, Durham DH9 6QJ3
£153K08/210.52 mi11, Barnhill, Stanley, County Durham DH9 8AN3
£90K08/210.52 mi96, Hollyhill Gardens East, Stanley, Durham DH9 6PG3
£78K06/210.52 mi92, Hollyhill Gardens East, Stanley, Durham DH9 6PG3
£125K03/230.52 mi14, Hollyhill Gardens East, Stanley, County Durham DH9 6PG3
£85K06/230.53 mi55, Durham Road, Stanley, County Durham DH9 6QY3
£55.5K01/210.54 mi32, Cleveland Terrace, Stanley, County Durham DH9 6QL3
£66K04/230.57 mi43, Mitchell Street, South Moor, Stanley, County Durham DH9 7BQ3
£55K08/230.58 mi23, Mitchell Street, South Moor, Stanley, County Durham DH9 7BE3
£148K10/200.59 mi14, Kielder Drive, The Middles, Stanley, County Durham DH9 6AQ3
£177K12/220.62 mi38, Murray Park, Stanley, County Durham DH9 0PN3
£125K07/210.62 mi1, Murray Park, Stanley, Durham DH9 0PN3
£185K06/230.62 mi3, Murray Park, Stanley, County Durham DH9 0PN3
£57.8K07/230.63 mi36, Lime Street, South Moor, Stanley, County Durham DH9 7EJ3
£157.5K02/210.64 mi92, Station Road, Stanley, County Durham DH9 0JU3
£184.9K12/220.65 mi85, Murray Park, Stanley, County Durham DH9 0PU3
£60.5K10/200.65 mi60, Durham Road, Stanley, Durham DH9 6QX3
£115K07/210.7 mi30, Kipling Close, Stanley, Durham DH9 6UA3
£120K07/210.7 mi29, Kipling Close, Stanley, County Durham DH9 6UA3
£70K06/210.7 mi45, Whinside, Stanley, Durham DH9 8AU3
£175K09/210.71 mi4, Mowlam Drive, Stanley, Durham DH9 6YY3
£149.9K03/210.71 mi66, Mowlam Drive, Stanley, Durham DH9 6YY3
£100K03/230.72 mi28, Betjeman Close, Stanley, County Durham DH9 6UD3

Local Rents

14 rents from £550/mo to £1.8K/mo, average is £663/mo.

RentDateDistanceAddressBeds 
£55012/240.06 miSpen Street, Stanley, Durham, DH93
£67511/240.29 mi-3
£65003/250.31 mi-3
£1,79503/250.35 mi-3
£95012/240.37 mi-3
£62503/250.39 mi-3
£60003/250.4 mi-3
£60012/240.4 mi-3
£60004/250.4 mi-3
£62512/240.49 mi-3
£90012/240.55 mi-3
£90012/240.55 mi-3
£80012/240.55 mi-3
£85003/250.55 mi-3

Local Area Statistics

Population in DH9

36,673

Nearest school

0.20 miles away

Nearest train station

4.89 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+3%

Sales demand

Seller's market

Capital growth (5yrs)

+8%

Property History

Listed for £90,000

February 8, 2025

Floor Plans

Description

  • Ideal For First Time Buyers +
  • Walking Distance to Town Centre and Schools +
  • Gas Central Heating +
  • Double Glazing +
  • Two Reception Rooms +
  • Room Suitable as an Office or Dressing Room +

Ideal for first time buyers, a three bedroomed mid-terraced house situated a short walk from the town centre and schools.

The property has the benefit of uPVC double glazing, gas-fired central heating and offers accommodation which comprises, on the ground floor, an entrance hallway, a lounge, a dining room and kitchen. On the first floor there are three bedrooms (one with a further room suitable as a dressing room or home office) and a bathroom w.c. There is a forecourt area to the front and an enclosed yard to the rear.

Derby Road is situated just off Tyne road which is a short walk to Stanley town centre with its shops and facilities, primary schools and the North Durham Academy are also within walking distance.

MATERIAL INFORMATION:

In compliance with the Consumer Protection from Unfair Trading Regulations 2008 and National Trading Standards Estate and Letting Agency Team’s Material information in property listings Guidance

PART A
Local Authority – Durham County Council
Council Tax Band – A
Tenure – Freehold

PART B
Property Type – Terraced
Property Construction – Standard
Number & Types of Rooms – Please refer to the details and floorplan, all measurements taken being the maximum dimensions available between internal walls
Electricity supply – Mains
Water Supply - Mains
Sewerage – Mains
Heating - Gas Fired boiler with radiators
Estimated Mobile phone coverage – Please refer to the Ofcom Website -

Estimated Broadband Download speeds – please refer to the Ofcom Website –
Parking: No allocated parking.
Restrictions: There are restrictive covenants in the title, details available on request.
PART C
Building Safety – The Vendor is not aware of any Building Safety issues. However, we would recommend that the purchaser engages the services of a chartered surveyor to confirm

Rights & Easements- None
Flood risk – Surface water low risk
Coastal Erosion - NA
Protected Trees – NA
Conservation area – NO
Planning Permission – NA
Accessibility – The property has not been altered for accessibility
Mining Area – Historical mining area
Selective License Area – Yes.

No other Material Information disclosures have been made by the vendor. This information has been compiled in good faith using resources readily available online and by enquiry of the vendor prior to marketing. However, such information could change after compilation of the data, so J W Wood cannot be held liable for any changes post compilation or any accidental errors or omissions.
Furthermore, J W Wood are not legally qualified and conveyancing documents are often complicated, necessitating judgement on our part about which parts are “Material Information” to be disclosed. If any information provided, or other matter relating to the property, is of particular importance to you, please do seek verification from a legal advisor before committing to expenditure.

Agent Details

J W Wood, Chester Le Street

0191 625 0107

Next Steps?

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

Similar Properties

Like this property? Maybe you'll like these ones close by too.