3 Bed Terraced House, Refurb/BRRR, DH9 7HA, £65,000

Third Street, Quaking Houses, Stanley, DH9 7HA - 2 views - 2 months ago

Sold STC
Cash
Refurb/BRRR
ROI: 8%
~93 m²
+16 photos

ValuationFair Value











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

£73,853

Mortgage (After Refinance)

£55,390

Mortgage LTV

75%

Cash Released

£6,640

Cash Left In

£52,088

Equity

£18,463

Rent Range

£550 - £1,795

Rent Estimate

£791

Running Costs/mo

£409

Cashflow/mo

£382

Cashflow/yr

£4,584

ROI

8%

Gross Yield

15%

Local Sold Prices

27 sold prices from £33K to £192.4K, average is £80K. £495/m² to £2K/m², average is £781/m².

PriceDateDistanceAddressBeds 
£65.5K12/200 mi44, Third Street, Quaking Houses, Stanley, Durham DH9 7HA3
£33K11/200 mi11, Third Street, Quaking Houses, Stanley, County Durham DH9 7HA3
£78.5K12/220.15 mi76, Fourth Street, Quaking Houses, Stanley, County Durham DH9 7HD3
£57.8K07/230.41 mi36, Lime Street, South Moor, Stanley, County Durham DH9 7EJ3
£125K03/210.5 mi9, Holyoake, South Moor, Stanley, Durham DH9 7BU3
£55K08/230.53 mi23, Mitchell Street, South Moor, Stanley, County Durham DH9 7BE3
£66K04/230.54 mi43, Mitchell Street, South Moor, Stanley, County Durham DH9 7BQ3
£65K06/230.56 mi23, Parmeter Street, South Moor, Stanley, County Durham DH9 7AR3
£50K11/210.64 mi12, Oliver Street, Stanley, Durham DH9 7AQ3
£80K02/230.66 mi9, Rydal Avenue, Stanley, County Durham DH9 7QR3
£75K02/210.66 mi26, Keswick Road, Stanley, Durham DH9 7QS3
£71K01/230.7 mi114, Park Road, Stanley, County Durham DH9 7BL3
£55K01/230.7 mi161, Park Road, Stanley, County Durham DH9 7QE3
£87K03/230.73 mi31, Windermere Terrace, Stanley, County Durham DH9 7QX3
£96K12/220.75 mi55, Orwell Gardens, Stanley, County Durham DH9 6QA3
£115K12/220.8 mi19, Orwell Gardens, Stanley, County Durham DH9 6QA3
£130K11/220.84 mi5, Stanleyburn Court, New Kyo, Stanley, County Durham DH9 7GA3
£148K10/200.85 mi14, Kielder Drive, The Middles, Stanley, County Durham DH9 6AQ3
£64.5K01/210.88 mi130, Westfields, Stanley, County Durham DH9 7DG3
£115K05/230.88 mi29, Tyne Road East, Stanley, County Durham DH9 6NF3
£127.5K03/230.89 mi10, Lenin Terrace, Stanley, County Durham DH9 6PA3
£87K02/210.89 mi20, North Terrace, Stanley, Durham DH9 7LD3
£121.8K12/200.9 mi3, Sabin Court, Stanley, Durham DH9 7JA3
£95K02/230.91 mi1, Palmer Street, Stanley, County Durham DH9 7RD3
£82K04/210.95 mi29, South View, Annfield Plain, Stanley, Durham DH9 7UB3
£192.4K03/210.96 mi52a, Joicey Terrace, Stanley, County Durham DH9 7LS3
£63K01/210.99 mi56, Wansbeck Avenue, Stanley, County Durham DH9 6HU3

Local Rents

25 rents from £550/mo to £1.8K/mo, average is £750/mo.

RentDateDistanceAddressBeds 
£60012/240.66 mi-3
£60003/250.66 mi-3
£62503/250.68 mi-3
£67511/240.73 mi-3
£1,79503/250.75 mi-3
£75002/250.84 mi-3
£62507/240.86 mi-3
£65003/250.88 mi-3
£62512/240.98 miSouth View, Annfield Plain, Stanley3
£95012/240.99 mi-3
£55012/241.04 miGreylingstadt Terrace, Stanley3
£55012/241.05 miSpen Street, Stanley, Durham, DH93
£75012/241.11 mi-3
£75012/241.11 mi-3
£70012/241.11 mi-3
£80012/241.11 mi-3
£80004/251.11 mi-3
£1,00002/251.11 mi-3
£1,00010/241.11 mi-3
£80003/251.11 mi-3
£80003/251.11 mi-3
£90012/241.21 mi-3
£90012/241.21 mi-3
£80012/241.21 mi-3
£85003/251.21 mi-3

Property History

Listed for £65,000

February 19, 2025

Floor Plans

Description

  • Chain-free three-bedroom terraced house. +
  • Sizeable front garden and rear yard. +
  • Well-proportioned bedrooms and living areas. +
  • Requires some modernisation. +
  • Ideal as a rental investment or first-time buy. +
  • Includes entrance hall, lounge/dining area, and kitchen. +
  • Ground floor wet room with WC. +
  • Three double bedrooms on the first floor. +
  • Benefits from gas combi central heating and uPVC double glazing. +
  • Freehold property; EPC rating D (67), Council Tax Band A. +

This three-bedroom terraced house is offered chain-free and features a sizeable front garden and a rear yard. The property boasts well-proportioned bedrooms and living areas but does require some modernisation, presenting an excellent opportunity for rental investment or as a first-time buy. The layout includes an entrance hall, a lounge/dining area, kitchen, and a ground floor wet room with WC. Upstairs, there is a landing leading to three double bedrooms. The home benefits from gas combi central heating, uPVC double glazing, and is freehold. EPC rating D (67). Council Tax Band A. Virtual tours are available on our website. 

HALLWAY uPVC double glazed entrance door, stairs to the first floor, tiled floor, PVC panelled ceiling with inset LED spotlights, double radiator and a door leading to the lounge/diner. 

LOUNGE/DINER 16' 10" x 17' 2" (5.14m x 5.25m) Electric fire with remote control, laminate flooring, two double radiators, uPVC double glazed window overlooking the front garden, telephone point and doors leading to the kitchen and shower room/WC. 

KITCHEN 10' 2" x 12' 6" (3.12m x 3.82m) Fitted with a range of wall and base units with contrasting laminate worktops and tiled splash-backs. Tiled floor, space for a gas cooker, plumed for a washing machine and space for a tall fridge/freezer. Stainless steel sink with mixer tap, singe radiator, two uPVC double glazed windows and a composite double glazed rear exit door to the yard. 

WET ROOM SHOWER/WC 9' 11" x 4' 3" (3.04m x 1.30m) A wet room design with thermostatic mains-fed shower, curtain and rail, pedestal wash basin, WC, PVC panelled walls and ceiling, double radiator and a frosted double glazed window. 

FIRST FLOOR  

LANDING PVC panelled ceiling with inset LED spotlights, doors lead to the bedrooms. 

BEDROOM 1 (TO THE FRONT) 13' 0" x 17' 1" (maximum) (3.98m x 5.22m) Over-stair storage cupboard gives access to a loft hatch. uPVC double glazed window and a double radiator. 

BEDROOM 2 (TO THE REAR) 14' 1" x 8' 11" (4.31m x 2.73m) uPVC double glazed window and a double radiator. 

BEDROOM 3 (TO THE REAR) 10' 5" x 7' 10" (3.20m x 2.41m) Cupboard houses the gas combi central heating boiler. uPVC double glazed window. Please note there is no radiator in this room. 

EXTERNAL  

TO THE FRONT A large garden with artificial lawn, paved patio, concrete hard-stand and is enclosed by fencing with gate at the base. 

TO THE REAR Self-contained yard. 

PARKING On-street parking. 

HEATING Gas fired central heating via combination boiler and radiators. 

GLAZING uPVC double glazing installed. 

ENERGY EFFICIENCY EPC rating D (67). 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 P.A.). 

SELECTIVE LICENCE Please note that this property falls within the Local Authority Selective Licensing zone where a Landlord is required to register the property with the council every five years. Charges apply. Please visit for further information. 

MINING 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. 

BROADBAND SPEEDS AVAILABLE Average download speed of the fastest package currently available in the area is Ultra-fast 10,000Mb. Suitable for web & social, flawless video calls, 4K streaming and online gaming. We would recommend contacting a supplier to get he most accurate and up to date data. 

MOBILE PHONE COVERAGE According to OFCOM the following providers are available; EE, Three, O2 and Vodaphone.  

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?

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