3 Bed Terraced House, Single Let, Durham, DH6 3AH, £40,000

Thornley, Durham, DH6 3AH - 15 days ago

Auction
BTL
ROI: 21%
~93 m²
+5 photos

ValuationUndervalued

Sold Prices£38K - £280K
Sold Prices/m²£387/m² - £2K/m²

 

 

Square Metres

~93 m²
Price/m²£430/m²

Value Estimate

£49,200
BMV23%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£10,000

Stamp Duty & Legal Fees

£3,200

Total Cash In

£13,200

 

 

Cash Out

 

Rent Range

£425 - £1,800

Rent Estimate

£469

Running Costs/mo

£239

Cashflow/mo

£230

Cashflow/yr

£2,762

ROI

21%

Gross Yield

14%

Local Sold Prices

37 sold prices from £38K to £280K, average is £88K. £387/m² to £2K/m², average is £1.1K/m².

PriceDateDistanceAddressBeds 
£85.2K04/230.08 mi46, Hartlepool Street South, Thornley, Durham, County Durham DH6 3BG3
£115K07/210.12 mi4, Whitton Court, Thornley, Durham, County Durham DH6 3AU3
£148K02/210.13 mi14, Whitton Court, Thornley, Durham, County Durham DH6 3AU3
£46K10/200.46 mi26, Shinwell Crescent, Thornley, Durham, County Durham DH6 3DJ3
£60K10/200.48 mi38, Gore Hill Estate, Thornley, Durham DH6 3DU3
£125K11/200.52 mi7, Meadow View, Wheatley Hill, Durham DH6 3ND3
£160K04/230.52 mi7, Meadow View, Wheatley Hill, Durham, County Durham DH6 3ND3
£70K07/210.52 mi28, Hillsyde Crescent, Thornley, Durham DH6 3DW3
£38K05/210.61 mi21, Granville Terrace, Wheatley Hill, Durham DH6 3JQ3
£43.3K11/210.61 mi7, Greenhills Terrace, Wheatley Hill, Durham DH6 3JR3
£150K04/230.67 mi20, Church Park, Wheatley Hill, Durham, County Durham DH6 3SJ3
£135K03/210.67 mi7, Church Park, Wheatley Hill, Durham DH6 3SJ3
£280K06/230.67 mi14, Church Park, Wheatley Hill, Durham, County Durham DH6 3SJ3
£186K11/220.67 mi4, Ellerby Mews, Thornley, Durham, County Durham DH6 3FB3
£147K12/200.67 mi31, Ellerby Mews, Thornley, Durham DH6 3FB3
£182.9K07/230.67 mi32, Ellerby Mews, Thornley, Durham, County Durham DH6 3FB3
£143K02/210.67 mi26, Ellerby Mews, Thornley, Durham DH6 3FB3
£102K02/230.69 mi28, Quetlaw Road, Wheatley Hill, Durham, County Durham DH6 3SB3
£54K09/210.72 mi3, Church Street, Wheatley Hill, Durham DH6 3PT3
£50K04/230.74 mi10, Shinwell Terrace, Wheatley Hill, Durham, County Durham DH6 3RN3
£94K03/230.76 mi2, Moore Street, Wheatley Hill, Durham, County Durham DH6 3LE3
£126K02/230.77 mi49, Dunelm Road, Thornley, Durham, County Durham DH6 3HW3
£85.3K04/230.78 mi25, Watson Close, Wheatley Hill, Durham, County Durham DH6 3QX3
£88K01/230.81 mi11, Greenwood Close, Wheatley Hill, Durham, County Durham DH6 3QU3
£125K05/230.81 mi2, Weardale Park, Wheatley Hill, Durham, County Durham DH6 3QQ3
£110K11/200.81 mi2, Weardale Park, Wheatley Hill, Durham DH6 3QQ3
£59K07/230.82 mi13, Patton Walk, Wheatley Hill, Durham, County Durham DH6 3QY3
£90K03/230.83 mi72, Johnson Estate, Wheatley Hill, Durham, County Durham DH6 3LH3
£86.5K04/230.86 mi29, Dodds Close, Wheatley Hill, Durham, County Durham DH6 3QT3
£75K12/210.87 mi10, Dalton Terrace, Wheatley Hill, Durham DH6 3RJ3
£73K07/210.87 mi42, Johnson Estate, Wheatley Hill, Durham DH6 3LQ3
£72.5K06/230.87 mi12, Johnson Estate, Wheatley Hill, Durham, County Durham DH6 3LQ3
£210K04/230.88 mi54, Woodlands Avenue, Wheatley Hill, Durham, County Durham DH6 3LG3
£61K02/210.9 mi27, South View, Wheatley Hill, Durham DH6 3LL3
£77K03/210.9 mi28, South View, Wheatley Hill, Durham DH6 3LL3
£70K06/230.9 mi28, South View, Wheatley Hill, Durham, County Durham DH6 3LL3
£85K04/230.93 mi37, Bevan Crescent, Wheatley Hill, Durham, County Durham DH6 3LS3

Local Rents

10 rents from £425/mo to £1.8K/mo, average is £600/mo.

RentDateDistanceAddressBeds 
£63006/230.51 mi-3
£60003/230.54 mi-3
£45012/240.6 miWordsworth Avenue, Wheatley Hill, Durham, DH6 3RE3
£52502/230.64 mi-3
£1,80010/240.66 mi-3
£80004/230.67 mi-3
£75006/240.83 mi-3
£42512/240.83 miPeter Lee Cottages, Wheatley Hill, Co Durham, DH63
£60012/240.83 miJohnson Estate, Wheatley Hill3
£52502/251.14 mi-3

Local Area Statistics

Population in DH6

33,466

Population in Durham

124,445

Town centre distance

6.06 miles away

Nearest school

0.30 miles away

Nearest train station

4.89 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+11%

Sales demand

Seller's market

Capital growth (5yrs)

+9%

Property History

Listed for £40,000

March 12, 2025

Floor Plans

Description

  • FOR SALE BY AUCTION - OPTION 1 +
  • No Onward Chain +
  • 3 Bedrooms +
  • Gas Central Heating +
  • Yard to Rear +
  • Mid Terraced House +
  • Council Tax - A +
  • EPC Rating - D +

Welcome to this mid-terraced house in the town of Thornley. This charming property is now available for sale by auction, giving you a rare opportunity to secure a desirable home with great potential. With its convenient location, spacious interiors, and key features, this property is a gem waiting to be discovered by the right buyer.

The house features three bedrooms, making it suitable for families or professionals looking for extra space. The rooms are filled with natural light during the day, creating a warm and inviting atmosphere. The decor allows for easy customisation, so you can personalise each room to your own taste and style.

The property boasts gas central heating, ensuring a cozy and comfortable living environment throughout the year. Say goodbye to chilly winters and high energy bills, as you'll be able to easily regulate the temperature to your liking. This feature is a great advantage, providing a modern and efficient heating solution.

One of the highlights of this house is the delightful rear yard. You'll have the perfect space to enjoy some fresh air on a sunny day, entertain guests, or create a beautiful garden retreat. Whether you have a green thumb or simply love outdoor relaxation, this space will be a valuable asset, offering endless possibilities for landscaping and personalisation.

Are you a first-time buyer, investor, or looking for a property to add to your portfolio? This auction sale presents an ideal opportunity to secure a well-priced home. Don't miss out on the chance to make this house your own and enjoy the benefits of a mid-terraced property in Thornley.

Act fast and don't delay, as this Thornley property is expected to generate high demand. Contact us today to book a viewing or request further information.

GROUND FLOOR Living Room (3.80m x 4.60m) Kitchen (3.50m max x 5.60m) Bathroom (2.70m x 1.50m)

FIRST FLOOR Landing Bedroom 1 (2.70m x 3.60m) Bedroom 2 (2.80m x 3.00m) Bedroom 3 (1.80m x 2.50m)

MATERIAL INFORMATION The following information should be read and considered by any potential buyers prior to making a transactional decision:

NOTE Each auction property is offered at a guide price and is also subject to a reserve price. The guide price is the level where the bidding will commence. The reserve price is the sellers minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price, which may be up to 10% higher than the guide price, is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction. The successful buyer pays a £2000+vat (total £2400) Auction Administration Fee.

NOTE A copy of the title is available upon request via Agents Property Auction, we recommend all potential buyers take legal advice, satisfy their requirements on all matters and have finance in place prior to purchase.

DISCLAIMER These property details still await verification and as such extra care must be taking by any interested party to confirm their accuracy.

SERVICES We are advised by the seller that the property has mains provided gas, electricity, water and drainage.

WATER METER - No

PARKING ARRANGEMENTS - Street Parking

BROADBAND SPEED The maximum speed for broadband in this area is shown by imputing the postcode at the following link here >

ELECTRIC CAR CHARGER - No

MOBILE PHONE SIGNAL No known issues at the property.

NORTHEAST OF ENGLAND - EX MINING AREA We operate in an ex-mining area. This property may have been built on or near an ex-mining site. Further information can/will be clarified by the solicitors prior to completion.

The information above has been provided by the seller and has not yet been verified at the point of producing this material. There may be more information related to the sale of this property that can be made available to any potential buyer.

Agent Details

Kimmitt and Roberts, Houghton Le Spring

0191 625 0759

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪