3 Bed Semi-Detached House, Refurb/BRRR, Chester-le-Street, DH2 3DA, £130,000

Quantock Avenue, Chester Le Street, Durham, DH2 3DA - 4 views - 2 months ago

Refurb/BRRR
ROI: 4%
~93 m²
+6 photos

ValuationUndervalued

Sold Prices£81.5K - £345K
Sold Prices/m²£975/m² - £3.7K/m²

 

 

Square Metres

~93 m²
Price/m²£1.4K/m²

Value Estimate

£133,694

 

 

End Value (After Refurb)

£155,000

Uplift in Value

+11%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£32,500

Stamp Duty & Legal Fees

£8,200

Refurb Costs

£35,712

Bridging Loan Interest

£3,413

Total Cash In

£81,575

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£155,000

Mortgage (After Refinance)

£116,250

Mortgage LTV

75%

Cash Released

£18,750

Cash Left In

£62,825

Equity

£38,750

Rent Range

£675 - £3,300

Rent Estimate

£1,005

Running Costs/mo

£705

Cashflow/mo

£300

Cashflow/yr

£3,596

ROI

4%

Gross Yield

9%

Local Sold Prices

50 sold prices from £81.5K to £345K, average is £122K. £975/m² to £3.7K/m², average is £1.4K/m².

PriceDateDistanceAddressBeds 
£160K11/210.02 mi33, Sidlaw Avenue, Chester Le Street, County Durham DH2 3DD3
£100.1K02/210.02 mi3, Sidlaw Avenue, Chester Le Street, Durham DH2 3DD3
£157.5K04/230.02 mi35, Sidlaw Avenue, Chester Le Street, County Durham DH2 3DD3
£114K02/210.04 mi5, Cotswold Avenue, Chester Le Street, Durham DH2 3BW3
£125K04/210.1 mi52, Cotswold Avenue, Chester Le Street, Durham DH2 3BP3
£110K12/220.1 mi51, Cotswold Avenue, Chester Le Street, County Durham DH2 3BP3
£122K12/220.12 mi18, Malvern Avenue, Chester Le Street, County Durham DH2 3BH3
£120K03/230.12 mi52, Lowther Avenue, Chester Le Street, County Durham DH2 3BN3
£125K11/220.12 mi59, Cotswold Avenue, Chester Le Street, County Durham DH2 3BP3
£125K12/210.14 mi18, Chatton Close, Chester Le Street, County Durham DH2 3HU3
£125K02/210.14 mi40, Chatton Close, Chester Le Street, Durham DH2 3HU3
£115K03/210.14 mi11, Chatton Close, Chester Le Street, Durham DH2 3HU3
£168K12/200.14 mi68, Chatton Close, Chester Le Street, County Durham DH2 3HU3
£122K12/200.15 mi16, Bowmont Walk, Chester Le Street, Durham DH2 3JB3
£108K05/210.16 mi14, Hambledon Avenue, Chester Le Street, County Durham DH2 3BG3
£88.5K10/210.16 mi15, Yetholm Avenue, Chester Le Street, County Durham DH2 2EN3
£95K05/210.17 mi60, Hambledon Avenue, Chester Le Street, County Durham DH2 3BQ3
£117K11/210.17 mi52, Hambledon Avenue, Chester Le Street, Durham DH2 3BQ3
£243K10/220.18 mi14, Glanton Close, Chester Le Street, County Durham DH2 3SW3
£168K06/210.19 mi4, Westray, Chester Le Street, Durham DH2 3HF3
£105K06/210.2 mi18, Chiltern Avenue, Chester Le Street, County Durham DH2 3BD3
£120K07/210.2 mi13, Chiltern Avenue, Chester Le Street, Durham DH2 3BD3
£232.5K05/230.2 mi2, Portland Close, Chester Le Street, County Durham DH2 3HP3
£160K05/210.22 mi101, Grasmere Road, Chester Le Street, County Durham DH2 3EU3
£225K05/210.22 mi11, Cartmel Court, Chester Le Street, County Durham DH2 3UA3
£176.9K12/200.23 mi8, Strangford Avenue, Chester Le Street, County Durham DH2 3EX3
£125K12/200.23 mi53, Chiltern Avenue, Chester Le Street, Durham DH2 3BE3
£114K03/230.24 mi22, Cleveland Avenue, Chester Le Street, County Durham DH2 3BA3
£120K08/210.25 mi21, Cleveland Avenue, Chester Le Street, Durham DH2 3BB3
£95K01/230.25 mi24, Gray Avenue, Chester Le Street, County Durham DH2 2EL3
£157.5K05/230.25 mi9, Redesdale Road, Chester Le Street, County Durham DH2 3HT3
£105K01/230.26 mi37, Gray Avenue, Chester Le Street, County Durham DH2 2EL3
£280.5K10/210.27 mi6, Alwinton Drive, Chester Le Street, County Durham DH2 3JH3
£91.5K04/230.27 mi35, Gainford, Chester Le Street, County Durham DH2 2EW3
£96K06/210.27 mi47, Gainford, Chester Le Street, County Durham DH2 2EW3
£92.5K12/200.27 mi50, Gainford, Chester Le Street, County Durham DH2 2EW3
£187K09/210.28 mi21, Ullswater Road, Chester Le Street, County Durham DH2 3HG3
£225K05/230.28 mi3, Dronfield Close, Chester Le Street, County Durham DH2 3JE3
£81.5K07/230.29 mi15, Ridley Avenue, Chester Le Street, County Durham DH2 2EJ3
£110K11/220.31 mi7, Grampian Avenue, Chester Le Street, County Durham DH2 3AY3
£345K07/230.32 mi3, Craster Close, Chester Le Street, County Durham DH2 3JJ3
£279.9K06/230.35 mi3, Gill Croft, Chester Le Street, County Durham DH2 2XF3
£101.5K10/210.35 mi49, Delaval, Chester Le Street, County Durham DH2 2EB3
£120K06/210.35 mi27, Pennine Avenue, Chester Le Street, County Durham DH2 3AX3
£138K10/210.36 mi10, Mendip Avenue, Chester Le Street, County Durham DH2 3AS3
£218K01/210.37 mi122, Warkworth Drive, Chester Le Street, Durham DH2 3TW3
£210K04/210.37 mi103, Warkworth Drive, Chester Le Street, Durham DH2 3TW3
£87K04/210.37 mi5, Third Avenue, Chester Le Street, Durham DH2 2EF3
£300K12/220.37 mi7, Banks Holt, Chester Le Street, County Durham DH2 2XJ3
£115K10/220.37 mi9, Katrine Close, Chester Le Street, County Durham DH2 3EF3

Local Rents

13 rents from £675/mo to £3.3K/mo, average is £800/mo.

RentDateDistanceAddressBeds 
£70012/240.12 mi-3
£70012/240.14 miChatton Close, Chester Le Street3
£70002/240.23 mi-3
£99512/240.25 miSecond Avenue, Chester Le Street, DH23
£99512/240.25 mi-3
£82501/250.31 mi-3
£67512/240.42 miWynyard, Chester Le Street, Durham, DH23
£1,05012/240.45 mi-3
£85004/250.5 mi-3
£80012/240.52 mi-3
£80006/240.54 mi-3
£67512/240.61 mi-3
£3,30002/250.61 mi-3

Local Area Statistics

Population in DH2

30,579

Population in Chester-le-Street

56,377

Town centre distance

0.65 miles away

Nearest school

0.20 miles away

Nearest train station

0.63 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

-9%

Sales demand

Seller's market

Capital growth (5yrs)

+12%

Property History

Price changed to £130,000

March 28, 2025

Listed for £140,000

February 28, 2025

Floor Plans

Description

  • EPC Grade C +
  • Council Tax band A +
  • Desirable location +
  • Close to amenities +

This wonderful semi-detached home is ideally suited for first-time buyers, investors, or families.

The property features a welcoming entrance hall leading you to two reception rooms, perfect for family gatherings or hosting guests. The ground floor also hosts a lovely refitted kitchen.

Upstairs, the property boasts three bedrooms, two of which are generously sized doubles and a single room. Each bedroom comes complete with built-in storage. A functional wet room is also located on the first floor.

The property has an EPC rating of 'C' and falls within the council tax band 'A'. While it's ready to move into, there's opportunity for some modernisation, allowing new owners to personalise the space and truly make it their own.

One of the unique features of this property is its well-kept garden. This outdoor space is perfect for those who appreciate a breath of fresh air without leaving the comfort of home.

Location is key, and this property doesn't disappoint. It sits within walking distance to the centre of Chester le Street, offering easy access to local amenities. Excellent public transport links and nearby schools make it a practical choice for families. Plus, with nearby parks in this sought-after location, leisure and relaxation opportunities are just around the corner.

In conclusion, this property presents a beautiful family home, cared for by its previous owners and now ready for a new chapter.

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.

CST250040/2

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 💪