3 Bed Terraced House, Cash/Bridging Only, DH9 7RP, £95,000

Heather Way, Stanley, DH9 7RP - 1 views - 2 months ago

Sold STC
Cash
ROI: 5%
~93 m²
+10 photos

ValuationFair Value

Sold Prices£43K - £210K
Sold Prices/m²£495/m² - £2.9K/m²

 

 

Square Metres

~93 m²
Price/m²£1K/m²

Value Estimate

£94,875

 

 

End Value (After Refurb)

£93,750

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£23,750

Stamp Duty & Legal Fees

£4,050

Refurb Costs

£35,871

Bridging Loan Interest

£2,494

Total Cash In

£67,915

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£93,750

Mortgage (After Refinance)

£70,313

Mortgage LTV

75%

Cash Left In

£67,915

Equity

£23,438

Rent Range

£550 - £1,795

Rent Estimate

£752

Running Costs/mo

£463

Cashflow/mo

£289

Cashflow/yr

£3,464

ROI

5%

Gross Yield

9%

Local Sold Prices

50 sold prices from £43K to £210K, average is £95K. £495/m² to £2.9K/m², average is £1K/m².

PriceDateDistanceAddressBeds 
£90K05/230.04 mi56, Heather Way, Stanley, County Durham DH9 7RP3
£88.8K07/210.05 mi56, Heather Way, Stanley, Durham DH9 7RP3
£143K03/230.1 mi8, Grange Road, Stanley, County Durham DH9 7RQ3
£150K07/210.11 mi5, Coniscliffe Road, Stanley, Durham DH9 7RF3
£145K09/210.11 mi18, Coniscliffe Road, Stanley, County Durham DH9 7RF3
£192.4K03/210.2 mi52a, Joicey Terrace, Stanley, County Durham DH9 7LS3
£95K02/230.22 mi1, Palmer Street, Stanley, County Durham DH9 7RD3
£64.5K01/210.23 mi130, Westfields, Stanley, County Durham DH9 7DG3
£55K01/230.4 mi161, Park Road, Stanley, County Durham DH9 7QE3
£63K01/210.4 mi56, Wansbeck Avenue, Stanley, County Durham DH9 6HU3
£71K01/230.4 mi114, Park Road, Stanley, County Durham DH9 7BL3
£87K03/230.42 mi31, Windermere Terrace, Stanley, County Durham DH9 7QX3
£80K02/230.45 mi9, Rydal Avenue, Stanley, County Durham DH9 7QR3
£115K05/230.45 mi29, Tyne Road East, Stanley, County Durham DH9 6NF3
£153K08/210.46 mi11, Barnhill, Stanley, County Durham DH9 8AN3
£50K11/210.46 mi12, Oliver Street, Stanley, Durham DH9 7AQ3
£75K02/210.47 mi26, Keswick Road, Stanley, Durham DH9 7QS3
£70K06/210.48 mi45, Whinside, Stanley, Durham DH9 8AU3
£52K02/210.52 mi95, Wear Road, Stanley, County Durham DH9 6HL3
£83K06/230.52 mi18, Broom Hill, Stanley, County Durham DH9 8AZ3
£96K12/220.53 mi55, Orwell Gardens, Stanley, County Durham DH9 6QA3
£43K03/230.55 mi1, Belle Street, Stanley, County Durham DH9 0DB3
£115K12/220.55 mi19, Orwell Gardens, Stanley, County Durham DH9 6QA3
£95K12/210.55 mi92, Wear Road, Stanley, County Durham DH9 6HW3
£65K06/230.55 mi23, Parmeter Street, South Moor, Stanley, County Durham DH9 7AR3
£66K04/230.58 mi43, Mitchell Street, South Moor, Stanley, County Durham DH9 7BQ3
£55K08/230.6 mi23, Mitchell Street, South Moor, Stanley, County Durham DH9 7BE3
£157.5K02/210.6 mi92, Station Road, Stanley, County Durham DH9 0JU3
£127.5K03/230.63 mi10, Lenin Terrace, Stanley, County Durham DH9 6PA3
£125K03/210.63 mi9, Holyoake, South Moor, Stanley, Durham DH9 7BU3
£89K03/230.67 mi44, Burns Close, Stanley, County Durham DH9 6TP3
£210K01/230.67 mi5, Charnwood, Stanley, County Durham DH9 8BW3
£177K12/220.68 mi38, Murray Park, Stanley, County Durham DH9 0PN3
£125K07/210.68 mi1, Murray Park, Stanley, Durham DH9 0PN3
£185K06/230.68 mi3, Murray Park, Stanley, County Durham DH9 0PN3
£57.8K07/230.69 mi36, Lime Street, South Moor, Stanley, County Durham DH9 7EJ3
£87K02/210.69 mi20, North Terrace, Stanley, Durham DH9 7LD3
£184.9K12/220.72 mi85, Murray Park, Stanley, County Durham DH9 0PU3
£101K12/220.73 mi7, Wylam Terrace, Stanley, County Durham DH9 0EF3
£150K05/210.74 mi31, Trefoil Road, Tanfield Lea, Stanley, Durham DH9 9PH3
£110K10/200.76 mi31, Campion Drive, Tanfield Lea, Stanley, County Durham DH9 9PQ3
£155K06/230.76 mi38, Campion Drive, Tanfield Lea, Stanley, County Durham DH9 9PQ3
£75K06/210.77 mi4, Coates Close, Stanley, County Durham DH9 6XA3
£155K12/200.77 mi37, Errington Drive, Tanfield Lea, Stanley, County Durham DH9 9PD3
£155K01/210.77 mi43, Errington Drive, Tanfield Lea, Stanley, Durham DH9 9PD3
£145K12/220.77 mi20, Errington Drive, Tanfield Lea, Stanley, County Durham DH9 9PD3
£122.5K06/230.77 mi6, Sylvia Terrace, Stanley, County Durham DH9 0EG3
£84K05/210.77 mi17, Gordon Terrace, Stanley, Durham DH9 0LF3
£60K03/210.78 mi24, Pentlands Terrace, Stanley, Durham DH9 6QJ3
£54.3K03/210.78 mi23, Pentlands Terrace, Stanley, Durham DH9 6QJ3

Local Rents

12 rents from £550/mo to £1.8K/mo, average is £625/mo.

RentDateDistanceAddressBeds 
£95012/240.16 mi-3
£65003/250.23 mi-3
£55012/240.25 miSpen Street, Stanley, Durham, DH93
£1,79503/250.35 mi-3
£60003/250.38 mi-3
£67511/240.39 mi-3
£62503/250.42 mi-3
£60003/250.44 mi-3
£60012/240.44 mi-3
£62512/240.46 miBroom Hill, Stanley3
£57512/240.53 miSunny Terrace, Stanley, Co. Durham, DH93
£62512/240.6 mi-3

Local Area Statistics

Population in DH9

36,673

Nearest school

0.40 miles away

Nearest train station

5.17 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+3%

Sales demand

Seller's market

Capital growth (5yrs)

+8%

Property History

Listed for £95,000

February 16, 2025

Floor Plans

Description

  • Accommodation Spread Over Four Floors +
  • Additional W/C +
  • Gas Central Heating & Double Glazing +
  • Ideal First Time Buy or Investment +
  • Many Local Amenities +
  • Offered With No Onward Chain +
  • South Facing Rear Garden +
  • Three Generous Bedrooms +

Jan Mitchell Properties are delighted to offer for sale this well presented three bedroom split level home with stunning views that would make an ideal purchase for the first time buyer, down-sizer or investor alike.

The property is well placed for easy access to a wealth of local amenities in Stanley including shops, supermarkets and leisure facilities with further amenities easily accessed across the region via trunk roads and bus routes.

Internally the property has been much improved and very much ready to move into, briefly comprising:- Entrance porch, living room with store cupboard beneath the stairs, kitchen diner, separate w/c and hall with store cupboard and rear access, landing with store cupboard, three bedrooms, two of which with fitted storage and a modern three piece bathroom with shower over the bath.

Externally there is a rear garden consisting of lawned and paved areas as well as abundance of communal parking available. With gas central heating and double glazing the property really does have to be viewed to appreciate the value and standard of accommodation on offer.

Measurements
Porch - 1.77m x 1.48m
Lounge - 4.78m x 4.22m
Kitchen Diner - 4.65m x 2.80m
W/C - 1.29m x 1.43m
Bedroom One - 4.69m x 2.84m
Bedroom Two - 3.56m x 2.84m
Bedroom Three - 1.91m x 2.63m
Bathroom - 1.89m x 2.31m

IMPORTANT NOTE TO PURCHASERS
We endeavour to make our property details accurate, however, they do not constitute or form part of an offer or any contract and are not to relied upon as statements of representation or fact. Any services, systems and appliances listed in the details have not been tested by us and no guarantee is given to their operating ability or efficiency. All the measurements and floor plans have been taken as a guide to prospective purchasers and are not to be relied upon. Please be advised that some of the information may be awaiting vendor approval. If you require clarification of further information on any points please contact us direct.

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.

Tenure - We are not able to verify the tenure of the property as it is not always possible to see sight of the relevant documentation prior to marketing. Prospective purchasers must make further enquiries with their legal adviser

Council Tax Band: A (Durham County Council)
Tenure: Freehold

Agent Details

Jan Mitchell Properties, Covering North East

0191 625 1034

Next Steps?

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