3 Bed Terraced House, Refurb/BRRR, DH9 9HE, £90,000

Delight Row, Dipton, Stanley, DH9 9HE - 4 views - a month ago

Sold STC
Refurb/BRRR
Planning
ROI: 3%
~93 m²
+11 photos

ValuationUndervalued

Sold Prices£58K - £248K
Sold Prices/m²£784/m² - £2.3K/m²

 

 

Square Metres

~93 m²
Price/m²£968/m²

Value Estimate

£103,000
BMV3%

 

 

End Value (After Refurb)

£127,055

Uplift in Value

+27%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£22,500

Stamp Duty & Legal Fees

£6,200

Refurb Costs

£35,871

Bridging Loan Interest

£2,363

Total Cash In

£68,684

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£127,055

Mortgage (After Refinance)

£95,292

Mortgage LTV

75%

Cash Released

£27,792

Cash Left In

£40,892

Equity

£31,764

Rent Range

£475 - £2,250

Rent Estimate

£740

Running Costs/mo

£565

Cashflow/mo

£175

Cashflow/yr

£2,099

ROI

3%

Gross Yield

10%

Local Sold Prices

28 sold prices from £58K to £248K, average is £126K. £784/m² to £2.3K/m², average is £1.3K/m².

PriceDateDistanceAddressBeds 
£125K12/210.01 mi6, Delight Row, Dipton, Stanley, County Durham DH9 9HE3
£128K03/230.01 mi9, Delight Row, Dipton, Stanley, County Durham DH9 9HE3
£115K06/230.05 mi44, Wordsworth Gardens, Dipton, Stanley, County Durham DH9 9LQ3
£112.5K08/230.11 mi6, Murray Terrace, Dipton, Stanley, County Durham DH9 9HB3
£150K05/230.2 mi1, Cooperative Terrace East, Dipton, Stanley, County Durham DH9 9AH3
£95K04/230.22 mi10, Cooperative Terrace West, Dipton, Stanley, County Durham DH9 9AQ3
£86K12/220.23 mi2, School View, Dipton, Stanley, County Durham DH9 9DH3
£152K02/210.3 mi6, Bradley Lodge Drive, Dipton, Stanley, County Durham DH9 9BD3
£95K12/220.31 mi82, Lily Gardens, Dipton, Stanley, County Durham DH9 9BH3
£88K10/200.34 mi17, Poplar Grove, Dipton, Stanley, Durham DH9 9BE3
£172K04/230.37 mi53, Lily Gardens, Dipton, Stanley, County Durham DH9 9BQ3
£95K05/230.37 mi17, Lily Gardens, Dipton, Stanley, County Durham DH9 9BQ3
£180K07/210.39 mi43, Plunkett Road, Dipton, Stanley, County Durham DH9 9BJ3
£170K03/230.39 mi6, Plunkett Road, Dipton, Stanley, County Durham DH9 9BJ3
£80K12/200.4 mi5, Palmer Road, Dipton, Stanley, Durham DH9 9HY3
£90K06/230.41 mi37, Fairhills Avenue, Dipton, Stanley, County Durham DH9 9DY3
£248K03/230.43 miThe Beeches, Pontop Pike Lane, Dipton, Stanley, County Durham DH9 9AP3
£157K03/230.53 mi8, Ewehurst Road, Dipton, Stanley, County Durham DH9 9JW3
£140K12/220.58 mi39, Pikesyde, Dipton, Stanley, County Durham DH9 9EQ3
£136K12/220.58 mi7, Pikesyde, Dipton, Stanley, County Durham DH9 9EQ3
£127K06/210.58 mi33, Pikesyde, Dipton, Stanley, Durham DH9 9EQ3
£137.5K12/200.59 mi3, Ewehurst Road, Dipton, Stanley, Durham DH9 9LR3
£110K07/230.6 mi1, Swinburne Terrace, Dipton, Stanley, County Durham DH9 9EH3
£155K03/230.64 mi33, Hare Law Gardens, Stanley, County Durham DH9 8DG3
£150K10/200.78 mi3, The Villas, Hare Law, Stanley, County Durham DH9 8DQ3
£105K03/210.99 mi15, Century Terrace, Catchgate, Stanley, County Durham DH9 8DZ3
£58K10/210.99 mi2, Harperley Gardens, Stanley, County Durham DH9 8RZ3
£80K08/230.99 mi2, Harperley Gardens, Stanley, County Durham DH9 8RZ3

Local Rents

50 rents from £475/mo to £2.3K/mo, average is £650/mo.

RentDateDistanceAddressBeds 
£87107/230.31 mi-3
£59512/240.34 mi-2
£1,50012/240.99 miThe Tiley at High Steads, Durham, DH93
£75003/251.01 mi-3
£50008/231.04 mi-2
£50012/241.04 mi-2
£52512/241.19 mi-2
£1,10012/241.23 mi-4
£55012/241.33 mi-2
£69507/231.33 mi-3
£55008/231.4 mi-3
£57512/241.41 mi-2
£60012/241.44 miAnnfield Place, ., Stanley, Durham, DH9 8NP2
£1,10006/241.44 miThe Meadows, Burnopfield, Newcastle upon Tyne, NE163
£60012/241.49 miHamsterley Gardens, Annfield Plain, Stanley2
£99512/241.62 miFront Street, Annfield Plain, Stanley, County Durham, DH95
£60008/231.64 mi-3
£65012/241.67 miClavering Place, Stanley, County Durham, DH93
£62502/251.67 mi-2
£55012/241.68 miMitchell Street, Annfield Plain, Stanley, County Durham, DH92
£75003/251.7 mi-2
£62512/231.73 mi-2
£55001/251.74 mi-2
£75012/241.76 mi-3
£75012/241.76 mi-3
£70012/241.76 mi-3
£80012/241.76 mi-3
£80011/241.76 mi-3
£1,00002/251.76 mi-3
£1,00010/241.76 mi-3
£80003/251.76 mi-3
£80003/251.76 mi-3
£49512/241.85 miUnity Terrace, Stanley2
£75007/241.85 miBriardene, Burnopfield2
£69506/241.85 miGaresfield Gardens, Burnopfield2
£55012/241.85 miHawthorn Terrace, New Kyo, Stanley2
£59510/241.85 mi-2
£47512/241.87 miCoronation Terrace, Stanley, Durham, DH92
£62507/241.87 mi-3
£65005/241.89 miBirch Mews, Burnopfield, Newcastle upon Tyne, Durham, NE16 6LL2
£62512/241.89 miSouth View, Annfield Plain, Stanley3
£75002/251.89 mi-3
£55012/241.9 miCatherine Terrace, New Kyo, Stanley2
£2,25005/241.93 miLintzford Road, Hamsterley Mill, NE395
£65011/231.93 mi-2
£67505/241.93 mi-2
£62510/231.93 mi-2
£75004/251.93 mi-2
£62505/241.94 miSyke Road, Burnopfield, Newcastle upon Tyne, Durham, NE16 6HD2
£75009/241.97 mi-2

Local Area Statistics

Population in DH9

36,673

Nearest school

0.30 miles away

Nearest train station

6.71 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+3%

Sales demand

Seller's market

Capital growth (5yrs)

+8%

Property History

Price changed to £90,000

April 5, 2025

Listed for £100,000

March 8, 2025

Description

  • Perfect Project +
  • Investment Opportunity +
  • Elevated Valley Views +
  • Off-Street Parking +
  • Rear Yard +
  • Three Bedrooms +
  • Two Reception Rooms +

A spacious and extended mid-terraced house with two reception rooms and three bedrooms situated in the popular village of Dipton overlooking open countryside to the front.

In need of modernisation the house has uPVC double glazing and gas central heating (via back. boiler), with accommodation comprising: entrance hall, dining room, living room, fitted kitchen through to ground floor bathroom, first floor landing to three good sized bedrooms and also with a separate w.c. There is a small forecourt garden to the front and a yard to the rear with a shed and off-street parking via an up and over garage door.

Delight Row is situated on the A692 with the house being just across from the Dipton Manor Care Home, close to some local shops and facilities in Dipton including the primary school and approximately 3.5 miles from Stanley and Consett town centres where there are further shops and amenities available. It is approximately 10 miles from Newcastle City Centre and 12.5 miles from Durham which can be easily accessed along the A962 and A691 respectively.

MATERIAL INFORMATION:

In compliance with the Consumer Protection from Unfair Trading Regulations 2008 and National Trading Standards Estate and Letting Agency Team’s Material information in property listings Guidance

PART A
Local Authority – Durham County Council
Council Tax Band – A
Tenure – Freehold

PART B
Property Type –
Property Construction –
Number & Types of Rooms – Please refer to the details and floorplan, all measurements taken being the maximum dimensions available between internal walls
Electricity supply –
Water Supply -
Sewerage –
Heating -
Estimated Mobile phone coverage – Please refer to the Ofcom Website -
Estimated Broadband Download speeds – please refer to the Ofcom Website –
Parking-

PART C
Building Safety – (The Vendor is not aware of any Building Safety issues. However, we would recommend that the purchaser engages the services of a chartered surveyor to confirm)
Restrictions –
Covenants which affect the property are contained within the Land Registry Title Register which is available for inspection.
Selective licencing area – yes/no
Article 4 Planning Restricted area -
Rights & Easements-
Flood risk –
Coastal Erosion -
Planning Permission –
Accessibility/Adaptations –
Mining Area – Coal Mining Reporting Area, further searches may be required.

No other Material Information disclosures have been made by the vendor. This information has been compiled in good faith using resources readily available online and by enquiry of the vendor prior to marketing. However, such information could change after compilation of the data, so J W Wood cannot be held liable for any changes post compilation or any accidental errors or omissions.
Furthermore, J W Wood are not legally qualified and conveyancing documents are often complicated, necessitating judgement on our part about which parts are “Material Information” to be disclosed. If any information provided, or other matter relating to the property, is of particular importance to you, please do seek verification from a legal advisor before committing to expenditure.

Agent Details

J W Wood, Consett

01207 265924

Next Steps?

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