2 Bed Terraced House, Cash/Bridging Only, DH9 7BG, £50,000

50 John Street, South Moor, Stanley, DH9 7BG - 1 views - a month ago

Sold STC
Cash
ROI: 3%
62 m²
+10 photos

ValuationFair Value

Sold Prices£24.5K - £150K
Sold Prices/m²£340/m² - £1.9K/m²

 

 

Square Metres

62 m²
Price/m²£806/m²

Value Estimate

£49,235

 

 

End Value (After Refurb)

£50,478

Uplift in Value

+1%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£12,500

Stamp Duty & Legal Fees

£3,700

Refurb Costs

£23,914

Bridging Loan Interest

£1,313

Total Cash In

£43,177

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£50,478

Mortgage (After Refinance)

£37,858

Mortgage LTV

75%

Cash Released

£358

Cash Left In

£42,819

Equity

£12,619

Rent Range

£420 - £600

Rent Estimate

£350

Running Costs/mo

£248

Cashflow/mo

£102

Cashflow/yr

£1,227

ROI

3%

Gross Yield

8%

Local Sold Prices

50 sold prices from £24.5K to £150K, average is £62.5K. £340/m² to £1.9K/m², average is £794/m².

PriceDateDistanceAddressBeds 
£45K06/230 mi6, John Street, South Moor, Stanley, County Durham DH9 7BG2
£52K07/210.01 mi25, William Street, South Moor, Stanley, Durham DH9 7BJ2
£24.5K01/210.01 mi17, William Street, South Moor, Stanley, Durham DH9 7BJ2
£52K08/210.08 mi46, Mitchell Street, South Moor, Stanley, Durham DH9 7BQ2
£35.5K12/200.1 mi3, Elm Street, South Moor, Stanley, Durham DH9 7EA2
£44K11/210.11 mi62, Elm Street, South Moor, Stanley, Durham DH9 7EB2
£28.5K03/210.11 mi60, Elm Street, South Moor, Stanley, Durham DH9 7EB2
£55K03/230.15 mi6, Bircham Street, Stanley, County Durham DH9 7AE2
£64K05/230.17 mi37, School Terrace, Stanley, County Durham DH9 7QN2
£45K04/210.19 mi36, Fern Avenue, Stanley, Durham DH9 7QY2
£36K10/210.19 mi30, Fern Avenue, Stanley, County Durham DH9 7QY2
£54K02/230.19 mi23, Fern Avenue, Stanley, County Durham DH9 7QY2
£40K11/200.19 mi10, Fern Avenue, Stanley, County Durham DH9 7QY2
£65K08/210.2 mi3, South Field Court, South Stanley, Stanley, County Durham DH9 7BX2
£77K06/210.22 mi48, Southfields, Stanley, Durham DH9 7PQ2
£53K07/210.24 mi57, Southfields, Stanley, County Durham DH9 7PG2
£49K01/210.28 mi19, Standish Street, Stanley, County Durham DH9 7AD2
£54K02/230.28 mi26, Rose Avenue, Stanley, County Durham DH9 7RB2
£55K02/210.29 mi13, Coquet Gardens, Stanley, Durham DH9 7PN2
£63K03/230.35 mi82, Eastfields, Stanley, County Durham DH9 7DN2
£73.5K02/230.36 mi79, Eastfields, Stanley, County Durham DH9 7DN2
£62K01/210.36 mi89, Eastfields, Stanley, Durham DH9 7DN2
£60K03/210.37 mi29, Waveney Gardens, Stanley, Durham DH9 7NG2
£83K11/210.38 mi72, Orwell Gardens, Stanley, Durham DH9 6QA2
£75K11/200.38 mi72, Orwell Gardens, Stanley, Durham DH9 6QA2
£98K01/230.38 mi39, Orwell Gardens, Stanley, County Durham DH9 6QA2
£57K04/230.42 mi2, Wardle Street, Quaking Houses, Stanley, County Durham DH9 7EX2
£72K11/210.45 mi33, Tyne Road East, Stanley, Durham DH9 6NF2
£50K11/200.46 mi24, Joseph Street, Stanley, Durham DH9 7NS2
£70K08/210.47 mi1, Joseph Street, Stanley, Durham DH9 7NS2
£77.5K06/230.47 mi5, Joseph Street, Stanley, County Durham DH9 7NS2
£63K12/220.48 mi2, Garden Terrace, Stanley, County Durham DH9 7NP2
£63.5K01/230.49 mi44, Spen Street, Stanley, County Durham DH9 7NJ2
£115K11/200.49 mi30, Pea Road, Stanley, County Durham DH9 7RG2
£81.8K02/230.5 mi9, Evelyn Terrace, Stanley, County Durham DH9 7RN2
£35K11/200.54 mi10, Spen Street, Stanley, Durham DH9 7NJ2
£120K12/220.57 mi1, Oxhill Villas, Stanley, County Durham DH9 7JT2
£50K04/210.58 mi12, Fourth Street, Quaking Houses, Stanley, Durham DH9 7HB2
£83K11/200.58 mi26, Wansbeck Avenue, Stanley, Durham DH9 6HY2
£78K12/200.59 mi27, Wansbeck Avenue, Stanley, County Durham DH9 6HS2
£150K11/200.59 mi4, Oxhill Villas, Stanley, Durham DH9 7JT2
£48.3K12/200.6 mi26, Tweed Terrace, Stanley, Durham DH9 6JN2
£86K03/230.6 mi24, Tweed Terrace, Stanley, County Durham DH9 6JN2
£88K01/230.61 mi12, Jubilee Terrace, Stanley, County Durham DH9 7JJ2
£72.5K06/230.61 mi2, Valley Close, South Stanley, Stanley, County Durham DH9 6HQ2
£97.5K11/220.63 mi14, Wansbeck Avenue, Stanley, County Durham DH9 6HR2
£68K02/230.64 mi8, Wansbeck Avenue, Stanley, County Durham DH9 6HR2
£50K06/210.69 mi8, Mulberry Terrace, Stanley, Durham DH9 7JH2
£50K09/210.69 mi7, Mulberry Terrace, Stanley, County Durham DH9 7JH2
£66K02/210.71 mi51, Wear Road, Stanley, County Durham DH9 6HL2

Local Rents

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

RentDateDistanceAddressBeds 
£55012/240.06 miPoplar Street, Stanley, County Durham, DH92
£55004/250.06 mi-2
£50001/250.09 mi-2
£45001/250.09 mi-2
£42512/240.09 mi-2
£49012/240.11 miPoplar Street, Stanley, County Durham, DH92
£50003/250.11 mi-2
£55012/240.12 miOliver Street, Stanley, Durham, DH9 7AQ2
£55002/250.14 mi-2
£55004/250.15 mi-2
£52512/240.16 miPine Street, Stanley, County Durham, DH92
£42012/240.2 miPark Road, Stanley, County Durham, DH92
£55012/240.2 miBircham Street, South Moor, Stanley, DH92
£53502/250.24 mi-2
£60012/240.38 miOrwell Gardens, Stanley, Durham, DH92
£59512/240.51 miHollyhill Gardens, Stanley, DH92
£57512/240.59 miWear Road, Stanley, County Durham, DH92

Local Area Statistics

Population in DH9

36,673

Nearest school

0.40 miles away

Nearest train station

5.17 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+3%

Sales demand

Seller's market

Capital growth (5yrs)

+8%

Property History

Listed for £50,000

March 12, 2025

Floor Plans

Description

  • Stone built terraced house +
  • 2 bedrooms, yield 8.4% +
  • Willing tenant paying £350 PCM +
  • Lounge +
  • Fitted kitchen +
  • Full uPVC double glazing +
  • Gas combi central heating +
  • Energy rating C (69) +
  • Freehold +
  • Council Tax band A +

We have received an offer of £47,000. Any increased offers are to be received within 5 days of this publication (24/01/2025) to David Bailes Property Professionals.

ATTENTION LANDLORDS this stone-built two bedroom mid terraced house has a willing tenant who currently pays £350 PCM providing an 8.4% yield and is close to local amenities. Briefly comprising a hallway, lounge, kitchen with cooker, first floor landing, two bedrooms with built in cupboards, bathroom and a self contained yard to the rear. Full uPVC double glazing, gas combi central heating, Council Tax band A, freehold. Energy rating C (69). 

HALLWAY uPVC double glazed entrance door to hallway, dado rail, stairs to the first floor and a door leading to the lounge. 

LOUNGE 14' 5" x 12' 11" (4.41m x 3.94m) uPVC double glazed window, single radiator, under-stair storage cupboard, dado rail and a door leading to the kitchen. 

KITCHEN 5' 11" x 15' 10" (1.82m x 4.85m) Fitted with a range of wall and base units with complimentary work surfaces and half timber panelled walls. Slot-in electric cooker, inset stainless steel single drainer sink unit with mixer tap, plumbed for automatic washer, tiled floor, single radiator, two uPVC double glazed windows and matching rear exit door. 

FIRST FLOOR  

LANDING Dado rail and doors leading to the bedrooms and bathroom. 

BEDROOM 1 (TO FRONT) 10' 11" x 12' 6" (maximum) (3.33m x 3.82m) Built in storage cupboard, double radiator and a uPVC double glazed window. 

BEDROOM 2 (TO REAR) 9' 10" x 9' 8" (maximum) (3.00m x 2.95m) Built-in cupboard incorporating a gas combi boiler, double radiator and a uPVC double glazed window. 

BATHROOM 6' 4" x 5' 10" (1.95m x 1.79m) A white suite featuring a panelled bath, pedestal wash basin, low level WC, fully tiled walls, loft access hatch, uPVC double glazed window and a single radiator. 

EXTERNAL To rear - self contained yard. 

HEATING Gas fired central heating via combination boiler (installed 2023) and radiators. 

GLAZING uPVC double glazing installed. 

ENERGY EFFICIENCY EPC rating C (69). Please speak to a member of staff for a copy of the full Energy Performance Certificate. 

COUNCIL TAX The property is in Council Tax band A. 

TENURE We understand that the property is freehold. We would recommend that any purchaser has this confirmed by their legal advisor.  

SELECTIVE LICENCE Please note that this property falls within the Local Authority Selective Licensing zone where a Landlord is required to register the property with the council every five years. Charges apply. Please visit for further information. 

MINING The property is located within a former mining area. 

MAKING AN OFFER Please note that all offers will require financial verification including mortgage agreement in principle, proof of deposit funds, proof of available cash and full chain details including selling agents and solicitors down the chain. Under New Money Laundering Regulations we require proof of identification from all buyers before acceptance letters are sent and solicitors can be instructed. 

MOBILE COVERAGE Please note there is limited indoor mobile signal. 

MORTGAGE ADVICE We have independent mortgage advisers within our branch, who will search the whole market to find the best suitable mortgage and help you progress through the process. Contact our office to arrange a telephone or office appointment.  

AGENTS NOTE Whilst we endeavour to make our particulars accurate and reliable, they should not be relied on as a statement or representations of fact, and do not constitute any part of an offer or contract. The owner does not make or give, nor do we or our employees have authority to make or give any representation or warranty in relation to the property. We have not checked or tested any appliances mentioned (including heating systems or electrical fittings) therefore working order cannot be confirmed. All measurements are given to the nearest 5cm.

Agent Details

David Bailes, Stanley

01207 265903

Next Steps?

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