3 Bed Semi-Detached House, Cash/Bridging Only, DH9 8FE, £85,000

Balmoral Drive, Cathcgate, DH9 8FE - 4 views - 2 months ago

Sold STC
Cash
ROI: 5%
~93 m²
+13 photos

ValuationFair Value

Sold Prices£45K - £248K
Sold Prices/m²£643/m² - £2.3K/m²

 

 

Square Metres

~93 m²
Price/m²£914/m²

Value Estimate

£85,850

 

 

End Value (After Refurb)

£94,409

Uplift in Value

+11%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£21,250

Stamp Duty & Legal Fees

£3,750

Refurb Costs

£35,871

Bridging Loan Interest

£2,231

Total Cash In

£64,853

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£94,409

Mortgage (After Refinance)

£70,807

Mortgage LTV

75%

Cash Released

£7,057

Cash Left In

£57,796

Equity

£23,602

Rent Range

£600 - £1,000

Rent Estimate

£761

Running Costs/mo

£467

Cashflow/mo

£294

Cashflow/yr

£3,525

ROI

5%

Gross Yield

11%

Local Sold Prices

45 sold prices from £45K to £248K, average is £95K. £643/m² to £2.3K/m², average is £1.1K/m².

PriceDateDistanceAddressBeds 
£62K06/210.06 mi7, The Ridings, Stanley, Durham DH9 8EE3
£62K06/210.06 mi7, The Ridings, Stanley, Durham DH9 8EE3
£45K02/230.06 mi9, The Ridings, Stanley, County Durham DH9 8EE3
£67K11/220.07 mi23, Balmoral Avenue, Catchgate, Stanley, County Durham DH9 8FH3
£95K10/200.08 mi23, Viscount Close, Catchgate, Stanley, County Durham DH9 8FD3
£52K02/210.08 mi29, Langdon Gardens, Stanley, Durham DH9 8RR3
£130K05/230.1 mi14, Bethany Gardens, Stanley, County Durham DH9 8SL3
£63K01/210.12 mi17, Kirkfield Gardens, Stanley, Durham DH9 8SB3
£58K10/210.13 mi2, Harperley Gardens, Stanley, County Durham DH9 8RZ3
£80K08/230.13 mi2, Harperley Gardens, Stanley, County Durham DH9 8RZ3
£130K12/200.14 mi8, Valley View, Stanley, County Durham DH9 8EY3
£123K11/200.15 mi62, Windsor Drive, Stanley, Durham DH9 8SR3
£130K10/210.19 mi16, Manor Drive, Stanley, County Durham DH9 8SS3
£105K03/210.19 mi15, Century Terrace, Catchgate, Stanley, County Durham DH9 8DZ3
£72K04/230.23 mi3, Low Church Street, Stanley, County Durham DH9 8HF3
£73K11/210.24 mi19, Oakwood, Stanley, County Durham DH9 8ND3
£125K01/210.26 mi3, Garden Villas, West Kyo, Stanley, County Durham DH9 8SY3
£182K03/210.28 mi4, Fairfield, Stanley, Durham DH9 8TR3
£172K10/210.31 mi11, Queens Parade, Stanley, County Durham DH9 8JY3
£114K11/200.31 mi11, Queens Parade, Stanley, County Durham DH9 8JY3
£150K10/200.35 mi3, The Villas, Hare Law, Stanley, County Durham DH9 8DQ3
£74K02/210.37 mi32, Hamsterley Gardens, Stanley, County Durham DH9 8JR3
£86K02/230.44 mi14, Annfield Place, Stanley, County Durham DH9 8NW3
£72.5K11/210.46 mi83, Annfield Place, Stanley, County Durham DH9 8NP3
£88K01/230.5 mi4, Derwent Terrace, Stanley, County Durham DH9 8NN3
£155K03/230.5 mi33, Hare Law Gardens, Stanley, County Durham DH9 8DG3
£90K03/230.57 mi5, Pennine Court, Stanley, County Durham DH9 8TZ3
£90K12/200.57 mi12, Pennine Court, Stanley, Durham DH9 8TZ3
£82K12/200.57 mi7, Skiddaw Court, Stanley, Durham DH9 8UB3
£122.5K07/230.58 mi7, Croft Close, Greencroft, Stanley, County Durham DH9 8NZ3
£107K03/210.64 mi30, The Croft, Stanley, Durham DH9 8NQ3
£110K09/210.68 mi24, Teesdale Terrace, Stanley, County Durham DH9 7TU3
£100K12/220.69 mi1, Weardale Terrace, Annfield Plain, Stanley, County Durham DH9 7TX3
£86K01/210.69 mi21, Weardale Terrace, Stanley, Durham DH9 7TX3
£108K10/200.71 mi14, Leeholme Court, Stanley, Durham DH9 7YD3
£77K07/230.71 mi15, Leeholme Court, Stanley, County Durham DH9 7YD3
£52K03/230.74 mi34, Durham Road, Annfield Plain, Stanley, County Durham DH9 7UF3
£117.5K03/210.77 mi14, Loud View Terrace, Stanley, County Durham DH9 8PG3
£105K02/210.77 mi16, Loud View Terrace, Stanley, Durham DH9 8PG3
£82K04/210.78 mi29, South View, Annfield Plain, Stanley, Durham DH9 7UB3
£121.8K12/200.83 mi3, Sabin Court, Stanley, Durham DH9 7JA3
£248K03/230.85 miThe Beeches, Pontop Pike Lane, Dipton, Stanley, County Durham DH9 9AP3
£130K11/220.87 mi5, Stanleyburn Court, New Kyo, Stanley, County Durham DH9 7GA3
£152K02/210.91 mi6, Bradley Lodge Drive, Dipton, Stanley, County Durham DH9 9BD3
£87K02/210.97 mi20, North Terrace, Stanley, Durham DH9 7LD3

Local Rents

17 rents from £600/mo to £1K/mo, average is £750/mo.

RentDateDistanceAddressBeds 
£75003/250.12 mi-3
£69507/230.21 mi-3
£60008/230.51 mi-3
£65012/240.56 miClavering Place, Stanley, County Durham, DH93
£75012/240.64 mi-3
£75012/240.64 mi-3
£70012/240.64 mi-3
£80012/240.64 mi-3
£80011/240.64 mi-3
£1,00002/250.64 mi-3
£1,00010/240.64 mi-3
£80003/250.64 mi-3
£80002/250.64 mi-3
£62512/240.78 miSouth View, Annfield Plain, Stanley3
£62507/240.9 mi-3
£75001/250.94 mi-3
£87107/231.23 mi-3

Local Area Statistics

Population in DH9

36,673

Nearest school

0.30 miles away

Nearest train station

6.68 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+27%

Sales demand

Seller's market

Capital growth (5yrs)

+9%

Property History

Listed for £85,000

February 11, 2025

Floor Plans

Description

  • Semi-detached house +
  • 3 bedrooms +
  • Garden +
  • Off-street parking +
  • No upper chain +
  • Breakfasting kitchen +
  • Lounge/diner +
  • EPC rating C (75) +
  • Freehold, Council Tax band A +
  • Virtual tours available on our website +

This is a three bedroom semi-detached house is available with no upper chain and comes with a rear garden as well as off-street parking. Comprising a hallway, WC, breakfasting kitchen, lounge/diner, first floor landing, three bedrooms and a bathroom. Gas combi central heating, uPVC double glazing, EPC rating C (75), freehold, Council Tax band A. Virtual tours available. 

HALLWAY Entrance door, laminate flooring, stairs to the first floor, double radiator, hard-wired mike alarm and doors leading to the breakfasting kitchen, WC and lounge/diner. 

BREAKFASTING KITCHEN 11' 10" x 7' 1" (3.63m x 2.17m) Fitted with a range of wall and base units with contrasting laminate worktops and tiled splash-backs. Integrated oven/grill, four ring gas hob and concealed extractor fan over. Sink with mixer tap, wall mounted gas combi central heating boiler, plumbed for a washing machine and space for a tall fridge/freezer. Room for a breakfast table, laminate flooring, single radiator and a uPVC double glazed window. 

WC 5' 1" x 2' 7" (1.57m x 0.81m) Wash basin with tiled splash-back, WC, single radiator, laminate flooring and a ceiling extractor fan. 

LOUNGE/DINER 13' 3" (maximum) x 13' 6" (maximum) (4.06m x 4.14m) uPVC double glazed sliding patio door, matching windows overlooking the rear garden. Laminate flooring, double radiator and coving. 

FIRST FLOOR  

LANDING Airing cupboard, loft access hatch, hard-wired smoke alarm, and doors leading to the bedrooms and bathroom. 

BEDROOM 1 (TO THE FRONT) 8' 7" x 13' 6" (2.64m x 4.14m) Twin uPVC double glazed windows and a single radiator. 

BEDROOM 2 (TO THE REAR) 10' 6" x 6' 5" (minimum) (3.21m x 1.97m) uPVC double glazed window and a single radiator. 

BEDROOM 3 (TO THE REAR) 7' 3" x 6' 10" (2.23m x 2.09m) uPVC double glazed window and a single radiator. 

BATHROOM 5' 8" x 7' 0" (maximum) (1.74m x 2.14m) Panelled bath with shower fitment and PVC splash-backs, pedestal wash basin with tiled plash-backs, WC, frosted uPVC double glazed window, single radiator, ceiling extractor fan and vinyl floor tiles 

EXTERNAL  

TO THE FRONT Small open-plan forecourt garden. 

TO THE REAR Patio areas extending to the side, lawn, timber shed, enclosed by timber fencing and side gate.  

PARKING Driveway to the side providing off-street parking for one vehicle. 

HEATING Gas fired central heating via combination boiler and radiators. 

GLAZING uPVC double glazing installed. 

ENERGY EFFICIENCY EPC rating C (75). Please speak to a member of staff for a copy of the full Energy Performance Certificate. 

TENURE We understand that the property is freehold. We would recommend that any purchaser has this confirmed by their legal advisor.  

COUNCIL TAX The property is in Council Tax band A (£1,621). 

MINING ACTIVITY The property is located within a former mining area. 

UTILITIES The property is connected with a mains gas, water and electricity supply and is connected to the mains drainage. 

VIEWINGS We have created a virtual tour which can be viewed on our YouTube channel, our website, property portals and our social media accounts such as Facebook, Twitter and Instagram. To arrange a viewing please contact the office.  

MAKING AN OFFER Please note that all offers will require financial verification including mortgage agreement in principle, proof of deposit funds, proof of available cash and full chain details including selling agents and solicitors down the chain. Under New Money Laundering Regulations we require proof of identification from all buyers before acceptance letters are sent and solicitors can be instructed. 

MORTGAGE ADVICE We have independent mortgage advisers within our branch, who will search the whole market to find the best suitable mortgage and help you progress through the process. Contact our office to arrange a telephone or office appointment.  

AGENTS NOTE Whilst we endeavour to make our particulars accurate and reliable, they should not be relied on as a statement or representations of fact, and do not constitute any part of an offer or contract. The owner does not make or give, nor do we or our employees have authority to make or give any representation or warranty in relation to the property. We have not checked or tested any appliances mentioned (including heating systems or electrical fittings) therefore working order cannot be confirmed. All measurements are given to the nearest 5cm.

Agent Details

David Bailes, Stanley

01207 265903

Next Steps?

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