3 Bed Semi-Detached House, Refurb/BRRR, DH9 6XG, £65,000

Nightingale Place, Stanley, Durham, DH9 6XG - 17 views - 2 months ago

Refurb/BRRR
ROI: 5%
~93 m²
+9 photos

ValuationUndervalued

Sold Prices£43K - £205K
Sold Prices/m²£429/m² - £2K/m²

 

 

Square Metres

~93 m²
Price/m²£699/m²

Value Estimate

£66,950
BMV3%

 

 

End Value (After Refurb)

£104,388

Uplift in Value

+61%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£16,250

Stamp Duty & Legal Fees

£3,150

Refurb Costs

£35,871

Bridging Loan Interest

£1,706

Total Cash In

£58,728

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£104,388

Mortgage (After Refinance)

£78,291

Mortgage LTV

75%

Cash Released

£29,541

Cash Left In

£29,187

Equity

£26,097

Rent Range

£550 - £1,795

Rent Estimate

£757

Running Costs/mo

£498

Cashflow/mo

£259

Cashflow/yr

£3,113

ROI

5%

Gross Yield

14%

Local Sold Prices

51 sold prices from £43K to £205K, average is £100K. £429/m² to £2K/m², average is £1.2K/m².

PriceDateDistanceAddressBeds 
£75K12/200.02 mi4, Aylward Place, Stanley, Durham DH9 6XF3
£85K05/230.02 mi8, Aylward Place, Stanley, County Durham DH9 6XF3
£60.5K10/200.18 mi60, Durham Road, Stanley, Durham DH9 6QX3
£85K06/230.29 mi55, Durham Road, Stanley, County Durham DH9 6QY3
£55.5K01/210.29 mi32, Cleveland Terrace, Stanley, County Durham DH9 6QL3
£78K06/210.31 mi92, Hollyhill Gardens East, Stanley, Durham DH9 6PG3
£90K08/210.31 mi96, Hollyhill Gardens East, Stanley, Durham DH9 6PG3
£125K03/230.31 mi14, Hollyhill Gardens East, Stanley, County Durham DH9 6PG3
£159.9K01/210.34 mi15, Sheridan Drive, Stanley, Durham DH9 6YX3
£170K07/210.34 mi9, Girvan Close, Stanley, Durham DH9 6UY3
£54.3K03/210.34 mi23, Pentlands Terrace, Stanley, Durham DH9 6QJ3
£60K03/210.34 mi24, Pentlands Terrace, Stanley, Durham DH9 6QJ3
£149.9K03/210.37 mi66, Mowlam Drive, Stanley, Durham DH9 6YY3
£175K09/210.37 mi4, Mowlam Drive, Stanley, Durham DH9 6YY3
£75K06/210.38 mi4, Coates Close, Stanley, County Durham DH9 6XA3
£115K03/230.39 mi48, Woodside Gardens, Stanley, County Durham DH9 6BA3
£45K08/230.39 mi11, Woodside Gardens, Stanley, County Durham DH9 6BA3
£115K01/230.4 mi14, Elgin Grove, Stanley, County Durham DH9 6UP3
£118K07/230.4 mi6, Elgin Grove, Stanley, County Durham DH9 6UP3
£103K03/230.43 mi14, Pemberton Terrace North, Stanley, County Durham DH9 6AU3
£53K06/210.43 mi41, Standerton Terrace, Stanley, County Durham DH9 6DD3
£113K01/230.48 mi28, Kimberley Gardens, Stanley, County Durham DH9 6DL3
£120K07/210.51 mi29, Kipling Close, Stanley, County Durham DH9 6UA3
£115K07/210.51 mi30, Kipling Close, Stanley, Durham DH9 6UA3
£135K10/200.52 mi6, Aberfoyle Court, Stanley, Durham DH9 6UL3
£100K01/230.53 mi32, Browning Close, Stanley, County Durham DH9 6UE3
£95K12/210.55 mi92, Wear Road, Stanley, County Durham DH9 6HW3
£112.5K02/230.56 mi19, Sidney Close, Stanley, County Durham DH9 6UH3
£89K03/230.56 mi44, Burns Close, Stanley, County Durham DH9 6TP3
£127.5K03/230.57 mi10, Lenin Terrace, Stanley, County Durham DH9 6PA3
£57.5K03/210.57 mi43, Penshaw Gardens, Stanley, Durham DH9 6RQ3
£90K02/230.57 mi44, Penshaw Gardens, Stanley, County Durham DH9 6RQ3
£52K02/210.59 mi95, Wear Road, Stanley, County Durham DH9 6HL3
£100K03/230.6 mi28, Betjeman Close, Stanley, County Durham DH9 6UD3
£86K03/230.6 mi16, Betjeman Close, Stanley, County Durham DH9 6UD3
£80K06/230.6 mi18, Shakespeare Close, Stanley, County Durham DH9 6UJ3
£115K02/230.67 mi14, Dene View, Stanley, County Durham DH9 6RB3
£115K02/230.67 mi14, Dene View, Stanley, County Durham DH9 6RB3
£115K12/220.69 mi19, Orwell Gardens, Stanley, County Durham DH9 6QA3
£63K01/210.71 mi56, Wansbeck Avenue, Stanley, County Durham DH9 6HU3
£115K05/230.72 mi29, Tyne Road East, Stanley, County Durham DH9 6NF3
£130.5K05/210.73 mi25, Hill Top, Stanley, County Durham DH9 0UZ3
£90K02/210.73 mi3, St Brelades Way, Stanley, County Durham DH9 0UN3
£90K02/210.73 mi3, St Brelades Way, Stanley, County Durham DH9 0UN3
£205K09/210.73 mi62, East Street, Stanley, County Durham DH9 0UF3
£96K12/220.75 mi55, Orwell Gardens, Stanley, County Durham DH9 6QA3
£105K06/230.79 mi8, St Heliers Way, Stanley, County Durham DH9 0UR3
£43K03/230.8 mi1, Belle Street, Stanley, County Durham DH9 0DB3
£165K07/210.84 mi18, Northumbria Place, Stanley, Durham DH9 0UB3
£165K07/210.84 mi18, Northumbria Place, Stanley, Durham DH9 0UB3
£160K02/230.84 mi22, Northumbria Place, Stanley, County Durham DH9 0UB3

Local Rents

20 rents from £550/mo to £1.8K/mo, average is £650/mo.

RentDateDistanceAddressBeds 
£65003/250.08 mi-3
£65003/250.08 mi-3
£90012/240.27 mi-3
£90012/240.27 mi-3
£80012/240.27 mi-3
£85004/250.27 mi-3
£55012/240.43 miGreylingstadt Terrace, Stanley3
£62512/240.76 mi-3
£77512/240.8 miGibside Close, Stanley, Durham, DH93
£55012/240.85 miSpen Street, Stanley, Durham, DH93
£60004/250.97 mi-3
£60004/250.97 mi-3
£67511/240.98 mi-3
£60004/251.07 mi-3
£60012/241.08 mi-3
£62503/251.08 mi-3
£1,79503/251.09 mi-3
£65003/251.11 mi-3
£57512/241.15 miSunny Terrace, Stanley, Co. Durham, DH93
£95012/241.19 mi-3

Local Area Statistics

Population in DH9

36,673

Nearest school

0.20 miles away

Nearest train station

4.08 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 12, 2025

Floor Plans

Description

  • Three Bedrooms +
  • Semi Detached +
  • Garden +
  • EPC Grade: TBC +
  • Council Tax Band: A +

*NO ONWARD CHAIN*

Welcome to this charming semi-detached house that is eagerly awaiting your personal touch. This property is currently listed for sale and is brimming with potential, making it a splendid opportunity for investors or those with an eye for renovation.

The house offers a comfortable living space with three bedrooms, one reception room, and one kitchen. The bedrooms consist of two spacious double rooms and a single room, providing plenty of space for family life or to accommodate guests.

Although the property requires renovation, it offers a wonderful canvas to create a home that truly reflects your style and taste. This is a property that allows you to add value while designing your dream home.

Located near schools and popular walking routes, this house offers a great balance of community living and outdoor enjoyment. The local area boasts of a friendly neighbourhood and has access to all the necessary amenities, making everyday living convenient and effortless.

This semi-detached house, with its potential for transformation and excellent location, is a promising investment. We encourage you to view this property to fully appreciate what it has to offer.

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.

STA250052/2

Agent Details

Reeds Rains, Stanley

01207 265777

Next Steps?

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