2 Bed Terraced House, Refurb/BRRR, DH9 8BE, £59,500

Good Street, Stanley, DH9 8BE - a month ago

Sold STC
Refurb/BRRR
ROI: 4%
~68 m²
+8 photos

ValuationOvervalued

Sold Prices£32.8K - £150K
Sold Prices/m²£395/m² - £2.8K/m²

 

 

Square Metres

~68.11 m²
Price/m²£874/m²

Value Estimate

£54,400

 

 

End Value (After Refurb)

£88,009

Uplift in Value

+48%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£14,875

Stamp Duty & Legal Fees

£4,175

Refurb Costs

£26,271

Bridging Loan Interest

£1,562

Total Cash In

£48,633

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£88,009

Mortgage (After Refinance)

£66,006

Mortgage LTV

75%

Cash Released

£21,381

Cash Left In

£27,252

Equity

£22,002

Rent Range

£420 - £600

Rent Estimate

£550

Running Costs/mo

£405

Cashflow/mo

£145

Cashflow/yr

£1,740

ROI

4%

Gross Yield

11%

Local Sold Prices

50 sold prices from £32.8K to £150K, average is £70K. £395/m² to £2.8K/m², average is £887/m².

PriceDateDistanceAddressBeds 
£66K06/230.2 mi2, West View Gardens, Stanley, County Durham DH9 8AR2
£100K05/210.27 mi6, The Barns, Stanley, Durham DH9 8BN2
£83K11/210.38 mi9, Meadowfield Way, Tanfield Lea, Stanley, Durham DH9 9PG2
£76.5K06/230.41 mi7, Leith Gardens, Tanfield Lea, Stanley, County Durham DH9 9LZ2
£54K10/210.48 mi16, Sylvia Terrace, Stanley, Durham DH9 0EG2
£54K10/210.48 mi16, Sylvia Terrace, Stanley, Durham DH9 0EG2
£53K05/230.48 mi9, Sylvia Terrace, Stanley, County Durham DH9 0EG2
£80K04/230.48 mi37, Ridley Street, Stanley, County Durham DH9 0PD2
£56K02/210.48 mi28, Ridley Street, Stanley, Durham DH9 0PD2
£55K11/200.49 mi12, Ernest Terrace, Stanley, Durham DH9 0EQ2
£32.8K01/210.5 mi107, John Street, Beamish, Stanley, County Durham DH9 0QP2
£55K11/200.51 mi10, Catherine Terrace, Shield Row, Stanley, Durham DH9 0EH2
£90K10/200.51 mi13, Watson Street, Stanley, County Durham DH9 0ES2
£95K05/230.59 mi14, Parkside, Tanfield Lea, Stanley, County Durham DH9 9NW2
£61.5K01/230.59 mi13, Parkside, Tanfield Lea, Stanley, County Durham DH9 9NW2
£150K06/210.59 mi11, Woodburn, Tanfield Lea, Stanley, County Durham DH9 9UR2
£85K07/210.61 mi76, Newburn Road, Stanley, County Durham DH9 0HJ2
£71K06/210.61 mi95, Newburn Road, Stanley, County Durham DH9 0HJ2
£75K04/210.61 mi75, Newburn Road, Stanley, County Durham DH9 0HJ2
£81.8K02/230.63 mi9, Evelyn Terrace, Stanley, County Durham DH9 7RN2
£88K03/210.63 mi25, Newburn Road, Stanley, County Durham DH9 0EX2
£115K11/200.65 mi30, Pea Road, Stanley, County Durham DH9 7RG2
£132.5K03/230.68 mi6, East Parade, Stanley, County Durham DH9 0PS2
£35K11/200.69 mi10, Spen Street, Stanley, Durham DH9 7NJ2
£63.5K01/230.71 mi44, Spen Street, Stanley, County Durham DH9 7NJ2
£63K12/220.74 mi2, Garden Terrace, Stanley, County Durham DH9 7NP2
£87.5K04/230.78 mi20, Constable Close, Stanley, County Durham DH9 6TE2
£63K03/230.81 mi82, Eastfields, Stanley, County Durham DH9 7DN2
£70K08/210.81 mi1, Joseph Street, Stanley, Durham DH9 7NS2
£77.5K06/230.81 mi5, Joseph Street, Stanley, County Durham DH9 7NS2
£73.5K02/230.82 mi79, Eastfields, Stanley, County Durham DH9 7DN2
£62K01/210.82 mi89, Eastfields, Stanley, Durham DH9 7DN2
£50K11/200.82 mi24, Joseph Street, Stanley, Durham DH9 7NS2
£78K12/200.82 mi27, Wansbeck Avenue, Stanley, County Durham DH9 6HS2
£68K02/230.83 mi8, Wansbeck Avenue, Stanley, County Durham DH9 6HR2
£70K02/230.83 mi53, Wear Road, Stanley, County Durham DH9 6HL2
£66K02/210.83 mi51, Wear Road, Stanley, County Durham DH9 6HL2
£97.5K11/220.83 mi14, Wansbeck Avenue, Stanley, County Durham DH9 6HR2
£49K01/210.84 mi19, Standish Street, Stanley, County Durham DH9 7AD2
£83K11/200.85 mi26, Wansbeck Avenue, Stanley, Durham DH9 6HY2
£54K02/230.85 mi26, Rose Avenue, Stanley, County Durham DH9 7RB2
£72.5K06/230.88 mi2, Valley Close, South Stanley, Stanley, County Durham DH9 6HQ2
£100K06/230.89 mi23, Betjeman Close, Stanley, County Durham DH9 6UD2
£72K11/210.94 mi33, Tyne Road East, Stanley, Durham DH9 6NF2
£48.3K12/200.94 mi26, Tweed Terrace, Stanley, Durham DH9 6JN2
£86K03/230.94 mi24, Tweed Terrace, Stanley, County Durham DH9 6JN2
£64K05/230.94 mi37, School Terrace, Stanley, County Durham DH9 7QN2
£45K04/210.94 mi36, Fern Avenue, Stanley, Durham DH9 7QY2
£54K02/230.94 mi23, Fern Avenue, Stanley, County Durham DH9 7QY2
£40K11/200.94 mi10, Fern Avenue, Stanley, County Durham DH9 7QY2

Local Rents

20 rents from £420/mo to £600/mo, average is £550/mo.

RentDateDistanceAddressBeds 
£52512/240.46 mi-2
£55012/240.48 miSylvia Terrace, Stanley2
£50012/240.49 mi-2
£57512/240.5 miChurch Street, Stanley, County Durham, DH92
£59512/240.57 miBelle Street, Stanley, DH92
£57512/240.79 miWear Road, Stanley, County Durham, DH92
£53502/250.89 mi-2
£42012/240.92 miPark Road, Stanley, County Durham, DH92
£55012/240.93 miBircham Street, South Moor, Stanley, DH92
£55012/241.02 miOliver Street, Stanley, Durham, DH9 7AQ2
£50003/251.04 mi-2
£45001/251.04 mi-2
£60012/241.05 miOrwell Gardens, Stanley, Durham, DH92
£55002/251.13 mi-2
£55004/251.17 mi-2
£55012/241.17 miPoplar Street, Stanley, County Durham, DH92
£59512/241.19 miHollyhill Gardens, Stanley, DH92
£42512/241.19 mi-2
£50001/251.21 mi-2
£49012/241.21 miPoplar Street, Stanley, County Durham, DH92

Local Area Statistics

Population in DH9

36,673

Nearest school

0.10 miles away

Nearest train station

5.25 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+3%

Sales demand

Seller's market

Capital growth (5yrs)

+8%

Property History

Listed for £59,500

March 10, 2025

Description

Sylvester Properties are delighted to welcome to the sales market this chain free two-bedroom end of terraced property located on Good Street within Stanley. This properties layout comprises; to the ground floor; an entrance porch, lounge, kitchen and bathroom. To the first floor are two generously sized bathroom. Externally, there Is a rear yard complete with garage.

This property provides the opportunity to create tour very own bespoke home one adequate renovations are undertaken, or ideal investment opportunity, capable of achieving a rental income of £550pcm once complete.

This property provides the opportunity to create tour very own bespoke home one adequate renovations are undertaken, or ideal investment opportunity, capable of achieving a rental income of £550pcm once complete.

Agent Details

Sylvester Properties, Stanley

01202 145447

Next Steps?

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