3 Bed Terraced House, Refurb/BRRR, DH9 0JL, £95,950

Station Road, Stanley, Durham, DH9 0JL - a month ago

Sold STC
Refurb/BRRR
ROI: 4%
~93 m²
+7 photos

ValuationFair Value

Sold Prices£43K - £400K
Sold Prices/m²£526/m² - £3.1K/m²

 

 

Square Metres

~93 m²
Price/m²£1K/m²

Value Estimate

£96,910

 

 

End Value (After Refurb)

£105,128

Uplift in Value

+10%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£23,988

Stamp Duty & Legal Fees

£5,998

Refurb Costs

£35,871

Bridging Loan Interest

£2,519

Total Cash In

£70,125

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£105,128

Mortgage (After Refinance)

£78,846

Mortgage LTV

75%

Cash Released

£6,884

Cash Left In

£63,241

Equity

£26,282

Rent Range

£550 - £1,795

Rent Estimate

£758

Running Costs/mo

£500

Cashflow/mo

£258

Cashflow/yr

£3,094

ROI

4%

Gross Yield

9%

Local Sold Prices

50 sold prices from £43K to £400K, average is £115K. £526/m² to £3.1K/m², average is £1.1K/m².

PriceDateDistanceAddressBeds 
£153K08/210.06 mi11, Barnhill, Stanley, County Durham DH9 8AN3
£157.5K02/210.13 mi92, Station Road, Stanley, County Durham DH9 0JU3
£43K03/230.21 mi1, Belle Street, Stanley, County Durham DH9 0DB3
£177K12/220.24 mi38, Murray Park, Stanley, County Durham DH9 0PN3
£125K07/210.24 mi1, Murray Park, Stanley, Durham DH9 0PN3
£185K06/230.24 mi3, Murray Park, Stanley, County Durham DH9 0PN3
£101K12/220.24 mi7, Wylam Terrace, Stanley, County Durham DH9 0EF3
£210K01/230.25 mi5, Charnwood, Stanley, County Durham DH9 8BW3
£184.9K12/220.27 mi85, Murray Park, Stanley, County Durham DH9 0PU3
£122.5K06/230.29 mi6, Sylvia Terrace, Stanley, County Durham DH9 0EG3
£84K05/210.29 mi17, Gordon Terrace, Stanley, Durham DH9 0LF3
£92K11/210.32 mi10, Robert Terrace, Stanley, County Durham DH9 0ER3
£215K04/230.37 mi128, Orchard Grove, Shield Row, Stanley, County Durham DH9 8NY3
£220K11/220.37 mi132, Orchard Grove, Shield Row, Stanley, County Durham DH9 8NY3
£115K11/200.37 mi39a, Orchard Grove, Shield Row, Stanley, County Durham DH9 8NG3
£83K06/230.37 mi18, Broom Hill, Stanley, County Durham DH9 8AZ3
£110K03/210.38 mi4, Station Villas, Shield Row, Stanley, Durham DH9 8RJ3
£110K02/230.38 mi30, Wylam Road, Stanley, County Durham DH9 0EN3
£50K12/200.41 mi50, Newburn Road, Stanley, County Durham DH9 0EX3
£70K06/210.41 mi45, Whinside, Stanley, Durham DH9 8AU3
£88.8K07/210.44 mi56, Heather Way, Stanley, Durham DH9 7RP3
£89K03/230.44 mi44, Burns Close, Stanley, County Durham DH9 6TP3
£90K05/230.45 mi56, Heather Way, Stanley, County Durham DH9 7RP3
£139.9K12/220.46 mi10, Pelaw Avenue, Stanley, County Durham DH9 0EZ3
£79K02/230.47 mi81, Newburn Road, Stanley, County Durham DH9 0HJ3
£90K06/210.47 mi1, Pearson Street, Stanley, Durham DH9 8RQ3
£190K01/210.47 miMarzion, Pearson Street, Stanley, Durham DH9 8RQ3
£52K02/210.5 mi95, Wear Road, Stanley, County Durham DH9 6HL3
£95K12/210.54 mi92, Wear Road, Stanley, County Durham DH9 6HW3
£92K02/230.54 mi55, Hillside Gardens, Stanley, County Durham DH9 0HB3
£100K03/230.55 mi28, Betjeman Close, Stanley, County Durham DH9 6UD3
£86K03/230.55 mi16, Betjeman Close, Stanley, County Durham DH9 6UD3
£186K11/200.55 mi14, Cumbria Place, Stanley, Durham DH9 0HN3
£160K03/210.55 mi13, Cumbria Place, Stanley, County Durham DH9 0HN3
£63K01/210.55 mi56, Wansbeck Avenue, Stanley, County Durham DH9 6HU3
£143K03/230.56 mi8, Grange Road, Stanley, County Durham DH9 7RQ3
£150K07/210.59 mi5, Coniscliffe Road, Stanley, Durham DH9 7RF3
£145K09/210.59 mi18, Coniscliffe Road, Stanley, County Durham DH9 7RF3
£115K07/210.6 mi30, Kipling Close, Stanley, Durham DH9 6UA3
£120K07/210.6 mi29, Kipling Close, Stanley, County Durham DH9 6UA3
£183.5K04/230.61 mi8, James Street, Shield Row, Stanley, County Durham DH9 8RH3
£165K07/210.62 mi18, Northumbria Place, Stanley, Durham DH9 0UB3
£165K07/210.62 mi18, Northumbria Place, Stanley, Durham DH9 0UB3
£160K02/230.62 mi22, Northumbria Place, Stanley, County Durham DH9 0UB3
£100K01/230.63 mi32, Browning Close, Stanley, County Durham DH9 6UE3
£75K06/210.63 mi4, Coates Close, Stanley, County Durham DH9 6XA3
£64.5K01/210.65 mi130, Westfields, Stanley, County Durham DH9 7DG3
£245K01/230.66 mi21, Badgers Wood, Stanley, County Durham DH9 0HR3
£400K11/220.66 miAlicia House, Causey Way, Kip Hill, Stanley, County Durham DH9 8RN3
£54.3K03/210.66 mi23, Pentlands Terrace, Stanley, Durham DH9 6QJ3

Local Rents

19 rents from £550/mo to £1.8K/mo, average is £650/mo.

RentDateDistanceAddressBeds 
£60003/250.11 mi-3
£57512/240.15 miSunny Terrace, Stanley, Co. Durham, DH93
£62512/240.25 mi-3
£62512/240.37 miBroom Hill, Stanley3
£55012/240.45 miSpen Street, Stanley, Durham, DH93
£95012/240.64 mi-3
£65003/250.69 mi-3
£77512/240.75 miGibside Close, Stanley, Durham, DH93
£90012/240.77 mi-3
£90012/240.77 mi-3
£80012/240.77 mi-3
£85003/250.77 mi-3
£67511/240.78 mi-3
£1,79503/250.8 mi-3
£62503/250.85 mi-3
£60003/250.87 mi-3
£60012/240.87 mi-3
£65003/250.92 mi-3
£65003/250.92 mi-3

Local Area Statistics

Population in DH9

36,673

Nearest school

0.10 miles away

Nearest train station

4.91 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+3%

Sales demand

Seller's market

Capital growth (5yrs)

+8%

Property History

Listed for £95,950

February 24, 2025

Floor Plans

Description

  • Three Bedrooms +
  • Mid Terrace +
  • Two Reception Rooms +
  • Council Tax Band: B +
  • EPC Grade: E +

*NO ONWARD CHAIN*

Welcome to this charming terraced house nestled in the heart of a vibrant community. Bursting with potential, this property is currently on the market and eagerly awaiting a loving touch to transform it into a dream home.

Though in need of renovation, it holds a world of possibilities for investors or families looking to create their ideal home. With 3 bedrooms - two double and one single - the house is spacious enough to accommodate a growing family or to serve as a profitable investment.

The property boasts not one, but two reception rooms, offering ample space for entertaining guests or for a family to spread out and relax. The kitchen, though needing a bit of sprucing up, has the potential to become the heart of the home where delicious meals are prepared and shared.

One of the standout features of this property is its fantastic location. Convenient public transport links are just a stone's throw away, making commuting a breeze. For families, the proximity to local schools is a major plus. Additionally, local amenities, such as shops and restaurants, are within easy reach and nearby parks provide plenty of opportunities for outdoor activities.

In conclusion, this is a fantastic opportunity to purchase a property that offers a wealth of potential. With a little imagination and some renovation work, this terraced house could easily become the home of your dreams or a lucrative investment. So why wait? Get in touch today to arrange a viewing.

Council Tax Band: B
EPC Grade: E

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.

STA250043/2

Agent Details

Reeds Rains, Stanley

01207 265777

Next Steps?

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