3 Bed Semi-Detached House, Refurb/BRRR, Chester-le-Street, DH3 3PW, £240,000

Roman Avenue, Chester Le Street, Durham, DH3 3PW - 1 views - 2 months ago

Sold STC
Refurb/BRRR
ROI: 1%
~93 m²
+5 photos

ValuationOvervalued

Sold Prices£74K - £375K
Sold Prices/m²£783/m² - £4.1K/m²

 

 

Square Metres

~93 m²
Price/m²£2.6K/m²

Value Estimate

£121,015

 

 

End Value (After Refurb)

£206,250

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£60,000

Stamp Duty & Legal Fees

£8,400

Refurb Costs

£35,600

Bridging Loan Interest

£6,300

Total Cash In

£112,050

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£206,250

Mortgage (After Refinance)

£154,688

Mortgage LTV

75%

Cash Left In

£112,050

Equity

£51,563

Rent Range

£595 - £3,300

Rent Estimate

£933

Running Costs/mo

£851

Cashflow/mo

£82

Cashflow/yr

£982

ROI

1%

Gross Yield

5%

Local Sold Prices

50 sold prices from £74K to £375K, average is £126.5K. £783/m² to £4.1K/m², average is £1.3K/m².

PriceDateDistanceAddressBeds 
£260K11/200.07 mi26, Eardulph Avenue, Chester Le Street, County Durham DH3 3PR3
£125K11/220.23 mi21, Lancaster Terrace, Chester Le Street, County Durham DH3 3NW3
£192.5K02/230.29 mi5, Lumley Terrace, Chester Le Street, County Durham DH3 3NQ3
£134K12/210.29 mi11, Lambton Street, Chester Le Street, Durham DH3 3NH3
£98K03/210.29 mi30, Lambton Street, Chester Le Street, Durham DH3 3NH3
£139K07/210.29 mi47, Lambton Street, Chester Le Street, Durham DH3 3NH3
£128K09/210.29 mi45, Lambton Street, Chester Le Street, Durham DH3 3NH3
£120K04/230.29 mi21, Lambton Street, Chester Le Street, County Durham DH3 3NH3
£158K12/200.3 mi7, Lumley Terrace, Chester Le Street, County Durham DH3 3NQ3
£95K10/200.34 mi10, Weldon Terrace, Chester Le Street, Durham DH3 3NG3
£227.5K10/210.35 mi25, Red Rose Terrace, Chester Le Street, County Durham DH3 3LN3
£157K06/210.37 mi23, Avondale Terrace, Chester Le Street, County Durham DH3 3ED3
£135K06/210.38 mi25, West Lane, Chester Le Street, Durham DH3 3HL3
£172.5K07/230.39 mi39, York Terrace, Chester Le Street, County Durham DH3 3NA3
£232.5K06/210.4 mi5, Park Road South, Chester Le Street, Durham DH3 3LT3
£74K03/230.41 mi11, Poplar Street, Chester Le Street, County Durham DH3 3DN3
£96K11/220.42 mi11, Finchdale Terrace, Chester Le Street, County Durham DH3 3DL3
£160K03/210.42 mi3, Picktree Terrace, Chester Le Street, Durham DH3 3ST3
£115K12/220.43 mi4, Ernest Terrace, Chester Le Street, County Durham DH3 3HR3
£125K10/210.45 mi5, Clifford Terrace, Chester Le Street, Durham DH3 3JL3
£189K01/210.47 mi12, Elvet Green, Chester Le Street, Durham DH2 2ER3
£110K02/230.5 mi28, Melville Street, Chester Le Street, County Durham DH3 3JF3
£117.5K07/230.5 mi16, Melville Street, Chester Le Street, County Durham DH3 3JF3
£90K12/210.5 mi19, Melville Street, Chester Le Street, County Durham DH3 3JF3
£92K01/230.53 mi9, Prospect Terrace, Chester Le Street, County Durham DH3 3TN3
£110K02/210.54 mi20, Alpine Court, Chester Le Street, Durham DH2 2UE3
£90K11/200.54 mi13, Ripon Street, Chester Le Street, County Durham DH3 3JR3
£137.5K11/210.54 mi42, Moorfoot Avenue, Chester Le Street, County Durham DH2 3AJ3
£175K11/220.55 mi2, Orchard Terrace, Chester Le Street, County Durham DH3 3JU3
£114K12/210.6 mi36, Cumbrian Avenue, Chester Le Street, Durham DH2 3AR3
£232.5K09/210.61 mi11, Castle Riggs, Chester Le Street, Durham DH2 2DL3
£119K05/210.62 mi36, Mendip Avenue, Chester Le Street, Durham DH2 3AT3
£94K03/210.62 mi38, Mendip Avenue, Chester Le Street, County Durham DH2 3AT3
£138K10/210.62 mi10, Mendip Avenue, Chester Le Street, County Durham DH2 3AS3
£148K04/210.63 mi6, Buttermere Close, Chester Le Street, County Durham DH2 3DN3
£275K11/200.64 mi37, Newcastle Road, Chester Le Street, County Durham DH3 3TZ3
£240K04/210.64 mi4, Springfield Gardens, Chester Le Street, County Durham DH3 3UQ3
£201K06/210.65 mi26, Tudor Road, Chester Le Street, Durham DH3 3RY3
£249.9K07/230.65 mi7, Shields Road, Chester Le Street, County Durham DH3 4AA3
£144.5K04/210.65 mi29, Atkinson Road, Chester Le Street, Durham DH3 3RU3
£120K06/210.66 mi27, Pennine Avenue, Chester Le Street, County Durham DH2 3AX3
£80K08/230.67 mi33, Bullion Lane, Chester Le Street, County Durham DH2 2DP3
£138.8K08/210.67 mi11, Hawes Avenue, Chester Le Street, County Durham DH2 3DX3
£115K10/220.68 mi9, Katrine Close, Chester Le Street, County Durham DH2 3EF3
£110K11/220.68 mi7, Grampian Avenue, Chester Le Street, County Durham DH2 3AY3
£95K02/210.71 mi6, Eighth Avenue, Chester Le Street, Durham DH2 2BE3
£88K08/210.73 mi23, Seventh Avenue, Chester Le Street, County Durham DH2 2BP3
£375K06/210.73 mi58, Park Road North, Chester Le Street, Durham DH3 3SD3
£90K03/210.73 mi31, Twelfth Avenue, Chester Le Street, Durham DH2 2BW3
£90K08/230.73 mi19, Twelfth Avenue, Chester Le Street, County Durham DH2 2BW3

Local Rents

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

RentDateDistanceAddressBeds 
£82002/250.26 mi-3
£3,30003/250.38 mi-3
£59512/240.4 miCooperative Street, Chester Le Street3
£80006/240.5 mi-3
£69512/240.51 miProspect Terrace, Chester Le Street3
£67512/240.65 mi-3
£1,05012/240.66 mi-3
£1,12503/250.68 mi-3
£70002/240.75 mi-3
£99512/240.76 mi-3
£99512/240.76 miSecond Avenue, Chester Le Street, DH23
£82512/240.82 miHighfield Rise, Chester Le Street, Co Durham, DH33
£82501/250.89 mi-3
£80012/240.96 mi-3
£67512/240.96 miWynyard, Chester Le Street, Durham, DH23
£80012/240.98 mi-3
£80004/250.99 mi-3
£70012/241.04 miChatton Close, Chester Le Street3
£85012/241.05 mi-3
£70012/241.1 mi-3

Local Area Statistics

Population in DH3

25,797

Population in Chester-le-Street

56,377

Town centre distance

0.73 miles away

Nearest school

0.10 miles away

Nearest train station

0.43 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+13%

Sales demand

Balanced market

Capital growth (5yrs)

-3%

Property History

Listed for £240,000

February 22, 2025

Floor Plans

Description

  • EPE grade D +
  • Council tax band D +
  • Desirable location +
  • Packed with potential +
  • No onward chain +

A remarkable semi-detached house, situated on the highly sought-after Roman Avenue in Chester le Street. This 1930’s style dwelling, packed with an abundance of character and charm, is waiting for a new owner to infuse their unique touch, transforming it into a dream home. The property requires renovation, allowing an opportunity to blend traditional features with modern aesthetics.

The house encompasses three bedrooms, a bathroom, two spacious reception rooms and a kitchen. The bedrooms are accentuated by large bay windows and ample storage, with the main bedrooms featuring fitted wardrobes. The versatile reception rooms both with large bay windows, inviting plenty of natural light and offer views of the well-tended gardens. The extended galley-style kitchen is practical and functional. A loft space, accessible via a hatch with a drop-down ladder, offers potential for expansion, as demonstrated by neighbouring properties.

The property boasts a well-maintained front and rear garden, the latter benefitting from a south-facing aspect and a spacious patio area. A detached single garage with a new roof and parking space for multiple vehicles add to the convenience. The property also offers the potential to extend the garage or create an entertaining space or workshop, with the hard standing for the extension still in place.

The location is ideal, with excellent transport links and close proximity to local amenities, schools, and parks. This property presents an ideal opportunity for first-time buyers, investors, or families. With its character, potential and desirable location, it is expected to generate significant interest.

The property holds an EPC rating of D and falls under Council Tax Band D. It is available for purchase with no onward chain.

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.

CST250049/2

Agent Details

Reeds Rains, Chester le Street

0191 625 0992

Next Steps?

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