3 Bed Terraced House, Single Let, DH9 7AR, £45,000

Parmeter Street, South Moor, Stanley, DH9 7AR - 2 views - 2 months ago

Sold STC
Auction
BTL
ROI: 16%
~93 m²
+7 photos

ValuationUndervalued

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

 

 

Square Metres

~93 m²
Price/m²£484/m²

Value Estimate

£54,450
BMV21%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£11,250

Stamp Duty & Legal Fees

£2,550

Total Cash In

£13,800

 

 

Cash Out

 

Rent Range

£550 - £1,795

Rent Estimate

£425

Running Costs/mo

£246

Cashflow/mo

£179

Cashflow/yr

£2,153

ROI

16%

Gross Yield

11%

Local Sold Prices

44 sold prices from £33K to £192.4K, average is £82.5K. £495/m² to £2K/m², average is £800/m².

PriceDateDistanceAddressBeds 
£65K06/230 mi23, Parmeter Street, South Moor, Stanley, County Durham DH9 7AR3
£50K11/210.09 mi12, Oliver Street, Stanley, Durham DH9 7AQ3
£125K03/210.09 mi9, Holyoake, South Moor, Stanley, Durham DH9 7BU3
£80K02/230.16 mi9, Rydal Avenue, Stanley, County Durham DH9 7QR3
£71K01/230.18 mi114, Park Road, Stanley, County Durham DH9 7BL3
£57.8K07/230.18 mi36, Lime Street, South Moor, Stanley, County Durham DH9 7EJ3
£55K01/230.18 mi161, Park Road, Stanley, County Durham DH9 7QE3
£66K04/230.18 mi43, Mitchell Street, South Moor, Stanley, County Durham DH9 7BQ3
£55K08/230.18 mi23, Mitchell Street, South Moor, Stanley, County Durham DH9 7BE3
£75K02/210.22 mi26, Keswick Road, Stanley, Durham DH9 7QS3
£87K03/230.28 mi31, Windermere Terrace, Stanley, County Durham DH9 7QX3
£96K12/220.28 mi55, Orwell Gardens, Stanley, County Durham DH9 6QA3
£64.5K01/210.32 mi130, Westfields, Stanley, County Durham DH9 7DG3
£115K12/220.35 mi19, Orwell Gardens, Stanley, County Durham DH9 6QA3
£115K05/230.38 mi29, Tyne Road East, Stanley, County Durham DH9 6NF3
£95K02/230.38 mi1, Palmer Street, Stanley, County Durham DH9 7RD3
£192.4K03/210.45 mi52a, Joicey Terrace, Stanley, County Durham DH9 7LS3
£150K07/210.47 mi5, Coniscliffe Road, Stanley, Durham DH9 7RF3
£145K09/210.47 mi18, Coniscliffe Road, Stanley, County Durham DH9 7RF3
£127.5K03/230.47 mi10, Lenin Terrace, Stanley, County Durham DH9 6PA3
£63K01/210.47 mi56, Wansbeck Avenue, Stanley, County Durham DH9 6HU3
£143K03/230.56 mi8, Grange Road, Stanley, County Durham DH9 7RQ3
£65.5K12/200.56 mi44, Third Street, Quaking Houses, Stanley, Durham DH9 7HA3
£33K11/200.56 mi11, Third Street, Quaking Houses, Stanley, County Durham DH9 7HA3
£90K05/230.56 mi56, Heather Way, Stanley, County Durham DH9 7RP3
£88.8K07/210.57 mi56, Heather Way, Stanley, Durham DH9 7RP3
£95K12/210.64 mi92, Wear Road, Stanley, County Durham DH9 6HW3
£52K02/210.64 mi95, Wear Road, Stanley, County Durham DH9 6HL3
£87K02/210.65 mi20, North Terrace, Stanley, Durham DH9 7LD3
£78.5K12/220.67 mi76, Fourth Street, Quaking Houses, Stanley, County Durham DH9 7HD3
£90K08/210.73 mi96, Hollyhill Gardens East, Stanley, Durham DH9 6PG3
£78K06/210.73 mi92, Hollyhill Gardens East, Stanley, Durham DH9 6PG3
£125K03/230.73 mi14, Hollyhill Gardens East, Stanley, County Durham DH9 6PG3
£85K06/230.78 mi55, Durham Road, Stanley, County Durham DH9 6QY3
£121.8K12/200.81 mi3, Sabin Court, Stanley, Durham DH9 7JA3
£130K11/220.83 mi5, Stanleyburn Court, New Kyo, Stanley, County Durham DH9 7GA3
£55.5K01/210.83 mi32, Cleveland Terrace, Stanley, County Durham DH9 6QL3
£60K03/210.84 mi24, Pentlands Terrace, Stanley, Durham DH9 6QJ3
£54.3K03/210.84 mi23, Pentlands Terrace, Stanley, Durham DH9 6QJ3
£75K06/210.85 mi4, Coates Close, Stanley, County Durham DH9 6XA3
£89K03/230.88 mi44, Burns Close, Stanley, County Durham DH9 6TP3
£43K03/230.91 mi1, Belle Street, Stanley, County Durham DH9 0DB3
£153K08/210.95 mi11, Barnhill, Stanley, County Durham DH9 8AN3
£53K06/210.99 mi41, Standerton Terrace, Stanley, County Durham DH9 6DD3

Local Rents

32 rents from £550/mo to £1.8K/mo, average is £688/mo.

RentDateDistanceAddressBeds 
£60004/250.13 mi-3
£60012/240.13 mi-3
£62503/250.15 mi-3
£67511/240.17 mi-3
£1,79503/250.21 mi-3
£65003/250.34 mi-3
£95012/240.47 mi-3
£55012/240.5 miSpen Street, Stanley, Durham, DH93
£75001/250.68 mi-3
£62507/240.72 mi-3
£90012/240.81 mi-3
£90012/240.81 mi-3
£80012/240.81 mi-3
£85004/250.81 mi-3
£60004/250.84 mi-3
£60004/250.84 mi-3
£55012/240.91 miGreylingstadt Terrace, Stanley3
£62512/240.94 mi-3
£65003/250.97 mi-3
£65003/250.97 mi-3
£62512/241.01 miBroom Hill, Stanley3
£57512/241.04 miSunny Terrace, Stanley, Co. Durham, DH93
£62512/241.07 miSouth View, Annfield Plain, Stanley3
£75012/241.16 mi-3
£75012/241.16 mi-3
£70012/241.16 mi-3
£80012/241.16 mi-3
£80011/241.16 mi-3
£1,00002/251.16 mi-3
£1,00010/241.16 mi-3
£80003/251.16 mi-3
£80003/251.16 mi-3

Local Area Statistics

Population in DH9

36,673

Nearest school

0.30 miles away

Nearest train station

5.07 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+3%

Sales demand

Seller's market

Capital growth (5yrs)

+8%

Property History

Listed for £45,000

February 14, 2025

Floor Plans

Description

Guide Price £45,000+

Moovd are pleased to offer For Sale via Option A - Unconditional Online Auction on 13th March 2025, this tenanted three bedroom property in Southmoor, on the outskirts of Stanley. Currently tenanted, with a rental income of £98 per week, totaling £5096 yearly, this turn-key investment is ready to go!

The ground floor layout briefly comprises entrance hallway with staircase to first floor, large dining area, through into light lounge with electric fire.To the rear of the property is a fully fitted kitchen and externally a rear yard with gated access. To first floor are three bedrooms, with bedroom one benefiting from useful storage cupboard and a family bathroom W.C.

This spacious three bedroom property comes with an attractive Guide Price and therefore an early viewing comes recommended. Viewings strictly by appointment only,

EPC rating TBC.

For more information, please contact Moovd directly.

Hallway - Staircase to first floor.

Dining Room - UPVc double glazed window to front, radiator, dado rail, coving.

Lounge - UPVc double glazed window to rear, radiator, dado rail, coving.

Kitchen - UPVc double glazed window to side, UPVc door to rear yard, fitted with a range of base and wall units with contrasting work surface, stainless steel sink with mixer tap and drainer unit, cooker point, plumbed for washing machine, electric heater, splash back tiling.

First Floor Landing - Loft access.

Bedroom 1 - UPVc double glazed window to front, radiator, storage cupboard.

Bedroom 2 - UPVc double glazed window to rear, radiator.

Bedroom 3 - UPVc double glazed window to rear, radiator.

Family Bathroom - UPVc double glazed and frosted window to front, white suite including WC, paneled bath with shower hand attachment, pedestal hand basin, plastic cladding to walls.

External - Rear yard with gated access.

Moovd may work in partnership with marketing agents on our Online Auction Lots and act as 'The Auctioneer', throughout the sale process.

Option A - Online Unconditional Auction:

The above property is offered for sale by Online Unconditional Auction (Traditional Auction). With this method of sale, both seller and buyer are required to complete the transaction, within the timeframe stated in the General Conditions and Special Conditions of Sale. It is Moovd’s policy that all buyers are without fail AML checked at point of Registration. The buyer is then required to make a NON- REFUNDABLE Administration Fee payment amounting of £3,000.00 Inc VAT (£2,500 + VAT) (This fee IS PAID in addition to the purchase price and will be chargeable and calculated towards stamp duty). A deposit payment amounting to 10% of the purchase price (or a minimum of £5,000) is also required from the successful buyer. The seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the Special Conditions of Sale. Buyers are deemed to bid in full knowledge of this.

Guide Price:

Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time during the timed Auction.

Prospective purchasers should also be aware that the eventual Sale Price may be above or below the Guide Price and should therefore not presume the Guide to be indicative of the final expected Sale Price or the price the property is available at.

Reserve Price:

The property is offered subject to a Reserve Price (a figure below which we Moovd the Auctioneer cannot sell the property during the timed Online Auction). The Reserve Price will be set somewhere within the Guide Range or no more than 10% above a single figure Guide Price.

N.B. The Reserve Price may be either below or above the quoted Guide Price.

Anti Money Laundering Regulations

It is Moovd’s policy that ALL BUYERS ARE WITHOUT FAIL AML CHECKED at point of offer via signing our Bidder Registration Form.

All buyers will be asked to produce two forms of identification documentation, either as part of the Bidder Registration process or if they make an acceptable Pre-Auction offer, we would ask for your assistance in order for there to be no delay in agreeing the sale. In addition, we may also ask for proof of funding, where required.

Legal Pack:

Each property has a valid Legal Pack, which is a set of documentation prepared by the seller's solicitor relating to the property being offered for sale. The legal documentation enables all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers' obligations and sellers' commitments. We recommend you seek the counsel of a solicitor prior to proceeding with any property purchase.

The Legal Pack is available to download via the property details on our website. Moovd take no responsibility in the accuracy of the documents contained within the Legal Pack.

Particulars:

Moovd have taken reasonable care to prepare particulars that correctly describe each property. The particulars are based on information supplied by or on behalf of the seller. You need to check that the information in the particulars is correct. If we provide information, or a copy of a document, we do so only on the basis that we are not responsible for the accuracy of that information or document. The particulars and the sale conditions may change prior to the timed Online Auction and it is your responsibility to check that you have the correct versions. If the special conditions do not contain a description of the property, you take the risk that the description contained in the particulars is incomplete or inaccurate, as the particulars have not been prepared by a conveyancer and are not intended to form part of a legal contract.

Viewings:

Most of our properties are available to be viewed, strictly by appointment only.

Bidding:

Pre-Auction bids may be placed via our website:
In order to submit a bid upon any property being marketed by us, all bidders/buyers will be required to adhere to a verification and identity process in accordance with our Anti Money Laundering procedures.

Please be aware that any inquiry, bid or viewing of the property will require your details to be shared between both the marketing agent and the Auctioneer in order that all matters can be dealt with effectively. We would ask for your co-operation so that there will be no delay in agreeing the sale.

Agent Details

Sylvester Properties, Stanley

01202 145447

Next Steps?

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