3 Bed Terraced House, Single Let, Chester-le-Street, DH2 2JW, £90,000

Park View, Chester Le Street, Durham, DH2 2JW - 1 views - 2 months ago

Auction
BTL
ROI: 10%
~93 m²
+5 photos

ValuationUndervalued

Sold Prices£70K - £460K
Sold Prices/m²£941/m² - £3K/m²

 

 

Square Metres

~93 m²
Price/m²£968/m²

Value Estimate

£108,000
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£22,500

Stamp Duty & Legal Fees

£3,900

Total Cash In

£26,400

 

 

Cash Out

 

Rent Range

£595 - £3,300

Rent Estimate

£638

Running Costs/mo

£429

Cashflow/mo

£209

Cashflow/yr

£2,510

ROI

10%

Gross Yield

9%

Local Sold Prices

50 sold prices from £70K to £460K, average is £126.8K. £941/m² to £3K/m², average is £1.4K/m².

PriceDateDistanceAddressBeds 
£136K10/210.04 mi33, Park View, Chester Le Street, County Durham DH2 2JW3
£115K02/230.04 mi35, Park View, Chester Le Street, County Durham DH2 2JW3
£90K02/210.04 mi35, Park View, Chester Le Street, County Durham DH2 2JW3
£145K04/230.07 mi14, Conyers Gardens, Chester Le Street, County Durham DH2 2HW3
£77K10/200.07 mi36, Pelaw Crescent, Chester Le Street, Durham DH2 2HU3
£127K03/230.11 mi76, Pelaw Crescent, Chester Le Street, County Durham DH2 2HX3
£84K01/210.12 mi15, Pelaw Square, Chester Le Street, County Durham DH2 2HB3
£70K11/200.12 mi47, Pelaw Square, Chester Le Street, County Durham DH2 2HB3
£150K05/210.13 mi107, Hilda Park, Chester Le Street, County Durham DH2 2JS3
£172K05/210.14 mi144, Elmway, Chester Le Street, County Durham DH2 2LQ3
£147.5K01/230.15 mi2, Beechwoods, Chester Le Street, County Durham DH2 2HR3
£115K04/210.16 mi48, Conyers Road, Chester Le Street, County Durham DH2 2HE3
£86K01/210.19 mi33, Pelaw Avenue, Chester Le Street, Durham DH2 2HJ3
£80K07/210.2 mi17, Lilac Grove, Chester Le Street, County Durham DH2 2LR3
£150K07/230.2 mi12, Conyers Road, Chester Le Street, County Durham DH2 2HD3
£116K03/230.21 mi20, Glenroy Gardens, Chester Le Street, County Durham DH2 2JH3
£105K12/200.21 mi41, South Street, Chester Le Street, County Durham DH2 2JG3
£105K02/210.21 mi30, South Street, Chester Le Street, Durham DH2 2JG3
£249K10/200.21 mi196, Hilda Park, Chester Le Street, County Durham DH2 2JX3
£250K02/210.21 mi118, Hilda Park, Chester Le Street, County Durham DH2 2JX3
£240K01/210.22 mi2, Sycamores, Chester Le Street, County Durham DH2 2LW3
£145K07/210.23 mi38, Conyers Avenue, Chester Le Street, Durham DH2 2HH3
£189K03/230.24 mi5, Oaklea, Chester Le Street, County Durham DH2 2LA3
£132K03/210.28 mi10, Maplewood, Chester Le Street, County Durham DH2 2LB3
£113K02/230.3 mi74, Pelaw Road, Chester Le Street, County Durham DH2 2HG3
£165K02/230.31 mi87, Elmway, Chester Le Street, County Durham DH2 2LF3
£185K04/210.31 mi82, Elmway, Chester Le Street, Durham DH2 2LF3
£195K10/210.31 mi36, Highfield Rise, Chester Le Street, Durham DH3 3UX3
£220K02/210.31 mi28, Highfield Rise, Chester Le Street, Durham DH3 3UX3
£126.5K01/210.31 mi68, Highfield Rise, Chester Le Street, Durham DH3 3UX3
£162K02/230.31 mi46, Highfield Rise, Chester Le Street, County Durham DH3 3UX3
£220K01/230.33 mi4, Ashleigh, Chester Le Street, County Durham DH2 2LJ3
£185K02/230.33 mi1, Ashleigh, Chester Le Street, County Durham DH2 2LJ3
£100K06/230.35 mi41, Northlands, Chester Le Street, County Durham DH3 3UN3
£125K07/210.35 mi1, Northlands, Chester Le Street, County Durham DH3 3UN3
£90K03/210.37 mi31, Twelfth Avenue, Chester Le Street, Durham DH2 2BW3
£90K08/230.37 mi19, Twelfth Avenue, Chester Le Street, County Durham DH2 2BW3
£217K12/220.37 mi138, Highfield Rise, Chester Le Street, County Durham DH3 3UY3
£100K11/200.37 mi35, Northlands, Chester Le Street, County Durham DH3 3UN3
£104K03/210.37 mi47, Northlands, Chester Le Street, Durham DH3 3UN3
£123K06/230.39 mi83, Cragside, Chester Le Street, County Durham DH2 2TN3
£125K07/210.39 mi75, Cragside, Chester Le Street, County Durham DH2 2TN3
£240K04/210.39 mi4, Springfield Gardens, Chester Le Street, County Durham DH3 3UQ3
£88K08/210.41 mi23, Seventh Avenue, Chester Le Street, County Durham DH2 2BP3
£92K01/230.43 mi9, Prospect Terrace, Chester Le Street, County Durham DH3 3TN3
£160K02/210.44 mi51, Elmway, Chester Le Street, County Durham DH2 2LX3
£275K11/200.45 mi37, Newcastle Road, Chester Le Street, County Durham DH3 3TZ3
£125K02/210.45 mi34, Cragside, Chester Le Street, County Durham DH2 2TL3
£115K04/230.45 mi20, Cragside, Chester Le Street, County Durham DH2 2TL3
£460K06/210.45 mi1, Whitehill Hall Gardens, Chester Le Street, Durham DH2 2NE3

Local Rents

23 rents from £595/mo to £3.3K/mo, average is £800/mo.

RentDateDistanceAddressBeds 
£82512/240.29 miHighfield Rise, Chester Le Street, Co Durham, DH33
£80012/240.42 mi-3
£69512/240.44 miProspect Terrace, Chester Le Street3
£80004/250.45 mi-3
£67512/240.48 mi-3
£1,12503/250.53 mi-3
£59512/240.55 miCooperative Street, Chester Le Street3
£80012/240.56 mi-3
£85012/240.64 mi-3
£1,05012/240.64 mi-3
£67512/240.66 miWynyard, Chester Le Street, Durham, DH23
£82501/250.73 mi-3
£3,30003/250.8 mi-3
£99512/240.84 mi-3
£99512/240.84 miSecond Avenue, Chester Le Street, DH23
£1,25012/240.91 miBrackenbeds Close, Pelton, Chester Le Street3
£70002/240.96 mi-3
£82002/251.01 mi-3
£80006/241.04 mi-3
£90012/241.1 mi-3
£70012/241.1 mi-3
£70012/241.17 miChatton Close, Chester Le Street3
£62502/251.18 mi-3

Local Area Statistics

Population in DH2

30,579

Population in Chester-le-Street

56,377

Town centre distance

0.40 miles away

Nearest school

0.10 miles away

Nearest train station

0.66 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

-9%

Sales demand

Seller's market

Capital growth (5yrs)

+12%

Property History

Listed for £90,000

February 18, 2025

Floor Plans

Description

  • Council Tax band A +
  • EPC grade D +
  • For Sale by Modern Auction – T & C’s apply +
  • Subject to Reserve Price +
  • Buyers fees apply +
  • The Modern Method of Auction +

We are delighted to introduce this fantastic terraced property for sale. This property offers an ideal living space for both families and couples, with its well-proportioned rooms and strong local community setting. The house is conveniently located with excellent public transport links, nearby schools, and local amenities within easy reach.

Internally, the house boasts three bedrooms. Two of these are generous double rooms offering ample space for furnishings, while the third is a compact yet comfortable single room.

The house also features a large bathroom, equipped with modern fixtures and fittings.

The kitchen is another highlight of this property. With plenty of room for a dining table, this space is perfect for enjoying family meals or entertaining guests. The kitchen comes fitted with a range of units and work surfaces, providing plenty of storage and preparation space.

This property falls under Council Tax Band A, making it an affordable choice for homeowners. Don't miss out on this wonderful opportunity to secure a home in a thriving community. Arrange a viewing today.

Auctioneer Comments
This property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 56 Day Reservation
Period. Interested parties’ personal data will be shared with the Auctioneer (iamsold Ltd).
If considering a mortgage, inspect and consider the property carefully with your lender before bidding. A Buyer Information
Pack is provided, which you must view before bidding. The buyer is responsible for the Pack fee. For the most recent
information on the Buyer Information Pack fee, please contact the iamsold team.
The buyer signs a Reservation Agreement and makes payment of a Non-Refundable Reservation Fee of 4.5% of the purchase
price inc VAT, subject to a minimum of £6,600 inc. VAT. This Fee is paid to reserve the property to the buyer during the
Reservation Period and is paid in addition to the purchase price. The Fee is considered within calculations for stamp duty.
Services may be recommended by the Agent/Auctioneer in which they will receive payment from the service provider if the
service is taken. Payment varies but will be no more than £960 inc. VAT. These services are optional.

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.

CST250058/2

Agent Details

Reeds Rains, Chester le Street

0191 625 0992

Next Steps?

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