2 Bed Terraced House, Cash/Bridging Only, DH9 7QY, £77,500

Fern Avenue, South Moor, Stanley, DH9 7QY - 1 views - a month ago

Sold STC
Cash
ROI: 4%
~68 m²
+22 photos

ValuationOvervalued

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

 

 

Square Metres

~68.11 m²
Price/m²£1.1K/m²

Value Estimate

£55,179

 

 

End Value (After Refurb)

£67,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£19,375

Stamp Duty & Legal Fees

£5,075

Refurb Costs

£26,271

Bridging Loan Interest

£2,034

Total Cash In

£54,506

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£67,000

Mortgage (After Refinance)

£50,250

Mortgage LTV

75%

Cash Left In

£54,506

Equity

£16,750

Rent Range

£420 - £600

Rent Estimate

£523

Running Costs/mo

£334

Cashflow/mo

£189

Cashflow/yr

£2,268

ROI

4%

Gross Yield

8%

Local Sold Prices

50 sold prices from £24.5K to £150K, average is £63K. £340/m² to £1.9K/m², average is £810/m².

PriceDateDistanceAddressBeds 
£45K04/210.04 mi36, Fern Avenue, Stanley, Durham DH9 7QY2
£36K10/210.04 mi30, Fern Avenue, Stanley, County Durham DH9 7QY2
£54K02/230.04 mi23, Fern Avenue, Stanley, County Durham DH9 7QY2
£40K11/200.04 mi10, Fern Avenue, Stanley, County Durham DH9 7QY2
£64K05/230.05 mi37, School Terrace, Stanley, County Durham DH9 7QN2
£55K03/230.1 mi6, Bircham Street, Stanley, County Durham DH9 7AE2
£52K07/210.13 mi25, William Street, South Moor, Stanley, Durham DH9 7BJ2
£24.5K01/210.13 mi17, William Street, South Moor, Stanley, Durham DH9 7BJ2
£54K02/230.13 mi26, Rose Avenue, Stanley, County Durham DH9 7RB2
£45K06/230.14 mi6, John Street, South Moor, Stanley, County Durham DH9 7BG2
£49K01/210.15 mi19, Standish Street, Stanley, County Durham DH9 7AD2
£65K08/210.16 mi3, South Field Court, South Stanley, Stanley, County Durham DH9 7BX2
£52K08/210.17 mi46, Mitchell Street, South Moor, Stanley, Durham DH9 7BQ2
£35.5K12/200.23 mi3, Elm Street, South Moor, Stanley, Durham DH9 7EA2
£44K11/210.25 mi62, Elm Street, South Moor, Stanley, Durham DH9 7EB2
£28.5K03/210.25 mi60, Elm Street, South Moor, Stanley, Durham DH9 7EB2
£63K03/230.27 mi82, Eastfields, Stanley, County Durham DH9 7DN2
£73.5K02/230.28 mi79, Eastfields, Stanley, County Durham DH9 7DN2
£62K01/210.28 mi89, Eastfields, Stanley, Durham DH9 7DN2
£77K06/210.31 mi48, Southfields, Stanley, Durham DH9 7PQ2
£53K07/210.31 mi57, Southfields, Stanley, County Durham DH9 7PG2
£55K02/210.34 mi13, Coquet Gardens, Stanley, Durham DH9 7PN2
£115K11/200.35 mi30, Pea Road, Stanley, County Durham DH9 7RG2
£81.8K02/230.37 mi9, Evelyn Terrace, Stanley, County Durham DH9 7RN2
£63K12/220.39 mi2, Garden Terrace, Stanley, County Durham DH9 7NP2
£63.5K01/230.4 mi44, Spen Street, Stanley, County Durham DH9 7NJ2
£83K11/210.4 mi72, Orwell Gardens, Stanley, Durham DH9 6QA2
£75K11/200.4 mi72, Orwell Gardens, Stanley, Durham DH9 6QA2
£98K01/230.4 mi39, Orwell Gardens, Stanley, County Durham DH9 6QA2
£50K11/200.41 mi24, Joseph Street, Stanley, Durham DH9 7NS2
£70K08/210.41 mi1, Joseph Street, Stanley, Durham DH9 7NS2
£77.5K06/230.41 mi5, Joseph Street, Stanley, County Durham DH9 7NS2
£60K03/210.42 mi29, Waveney Gardens, Stanley, Durham DH9 7NG2
£72K11/210.44 mi33, Tyne Road East, Stanley, Durham DH9 6NF2
£35K11/200.45 mi10, Spen Street, Stanley, Durham DH9 7NJ2
£120K12/220.52 mi1, Oxhill Villas, Stanley, County Durham DH9 7JT2
£78K12/200.54 mi27, Wansbeck Avenue, Stanley, County Durham DH9 6HS2
£83K11/200.54 mi26, Wansbeck Avenue, Stanley, Durham DH9 6HY2
£150K11/200.54 mi4, Oxhill Villas, Stanley, Durham DH9 7JT2
£57K04/230.56 mi2, Wardle Street, Quaking Houses, Stanley, County Durham DH9 7EX2
£48.3K12/200.58 mi26, Tweed Terrace, Stanley, Durham DH9 6JN2
£86K03/230.58 mi24, Tweed Terrace, Stanley, County Durham DH9 6JN2
£72.5K06/230.58 mi2, Valley Close, South Stanley, Stanley, County Durham DH9 6HQ2
£97.5K11/220.59 mi14, Wansbeck Avenue, Stanley, County Durham DH9 6HR2
£88K01/230.59 mi12, Jubilee Terrace, Stanley, County Durham DH9 7JJ2
£68K02/230.6 mi8, Wansbeck Avenue, Stanley, County Durham DH9 6HR2
£70K02/230.67 mi53, Wear Road, Stanley, County Durham DH9 6HL2
£66K02/210.67 mi51, Wear Road, Stanley, County Durham DH9 6HL2
£50K06/210.68 mi8, Mulberry Terrace, Stanley, Durham DH9 7JH2
£50K09/210.68 mi7, Mulberry Terrace, Stanley, County Durham DH9 7JH2

Local Rents

20 rents from £420/mo to £600/mo, average is £543/mo.

RentDateDistanceAddressBeds 
£55004/250.04 mi-2
£42012/240.09 miPark Road, Stanley, County Durham, DH92
£53502/250.1 mi-2
£55012/240.11 miBircham Street, South Moor, Stanley, DH92
£45001/250.11 mi-2
£55012/240.13 miOliver Street, Stanley, Durham, DH9 7AQ2
£50003/250.14 mi-2
£55004/250.2 mi-2
£55012/240.2 miPoplar Street, Stanley, County Durham, DH92
£42512/240.21 mi-2
£50001/250.23 mi-2
£49012/240.23 miPoplar Street, Stanley, County Durham, DH92
£55002/250.24 mi-2
£52512/240.27 miPine Street, Stanley, County Durham, DH92
£60012/240.4 miOrwell Gardens, Stanley, Durham, DH92
£57512/240.53 miWear Road, Stanley, County Durham, DH92
£59512/240.56 miHollyhill Gardens, Stanley, DH92
£47512/240.6 miCoronation Terrace, Stanley, Durham, DH92
£59510/240.61 mi-2
£49512/240.61 miUnity Terrace, Stanley2

Local Area Statistics

Population in DH9

36,673

Nearest school

0.40 miles away

Nearest train station

5.22 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+3%

Sales demand

Seller's market

Capital growth (5yrs)

+8%

Property History

Listed for £77,500

March 14, 2025

Floor Plans

Description

  • Beautifully appointed two-bedroom end terraced house. +
  • Larger than typical terraced homes, ideal for first-time buyers. +
  • Features Karndean flooring, hallway and a lounge with a bay window. +
  • Includes a dining room and a contemporary kitchen extension. +
  • Upstairs: two spacious double bedrooms and a well-appointed bathroom. +
  • Patio front garden and a private rear yard. +
  • Equipped with gas combi central heating and full uPVC double glazing. +
  • Freehold tenure, Council Tax band A +
  • Energy Performance Certificate (EPC) rating D (64). +
  • Virtual tours including 360 degree on our website. +

This beautifully appointed two bedroom end terraced house exceeds the typical dimensions of a terraced home, making it perfect for first-time buyers. Essential internal viewing is recommended. Features include a welcoming hallway, a lounge with a bay window, a dining room, and a contemporary kitchen extension and Karndean flooring. Upstairs includes two spacious double bedrooms, a bathroom, and a landing. There is a patio garden at the front and a private yard at the rear. The home benefits from gas combi central heating, complete uPVC double glazing, and is freehold. Council Tax band A. Energy Performance Certificate (EPC) rating D (64). Virtual tours are available on our website. 

HALLWAY uPVC double glazed entrance door, double radiator, stairs to the first floor, hard-wired smoke alarm and a door leading to the lounge. 

LOUNGE 14' 9" x 11' 5" (4.52m x 3.50m) Feature Oak fire surround with marble inlay and hearth, inset electric fire, bay with uPVC double glazed windows, large under-stair storage cupboard, Karndean herringbone flooring, double radiator, coving, satellite TV cables and a large opening to the dining room. 

DINING ROOM 6' 11" x 18' 8" (2.13m x 5.70m) uPVC double glazed French doors, feature panelled walls, double radiator, Karndean herringbone flooring, coving and an opening to the kitchen. 

KITCHEN 14' 2" x 11' 3" (4.33m x 3.43m) A contemporary kitchen fitted with a range of wall and base units with contrasting butchers block style laminae worktops and tiled splash-backs. Integrated fan assisted electric oven/grill, five ring gas hob with stainless steel splash-back and extractor canopy over. Stainless steel sink with vegetable drainer and mixer tap, plumbed for a washing machine, space for a tumble dryer and also for a fridge/freezer. Karndean herringbone flooring, double radiator, wall mounted gas combi central heating boiler, uPVC double glazed window and matching rear exit door.  

FIRST FLOOR  

LANDING uPVC double glazed window, loft access hatch with pull-down ladder (partly boarded for storage and light), hard-wired smoke alarm and doors leading to the bedrooms and bathroom. 

BEDROOM 1 (TO THE FRONT) 12' 8" (maximum) x 15' 4" (3.88m x 4.68m) Large alcove, uPVC double glazed window, double radiator and coving. 

BEDROOM 2 (TO THE REAR) 9' 3" x 10' 9" (2.84m x 3.28m) uPVC double glazed window, double radiator and coving. 

BATHROOM 5' 10" x 8' 3" (1.80m x 2.52m) A white suite featuring a panelled bath with thermostatic shower over and glazed screen. Pedestal wash basin, WC, chrome towel radiator, fully tiled walls and floor, uPVC double glazed frosted window, coving and wall cabinet. 

EXTERNAL  

TO THE FRONT Enclosed patio garden. 

TO THE REAR Self-contained yard. 

HEATING Gas fired central heating via combination boiler and radiators. 

GLAZING uPVC double glazing installed. 

ENERGY EFFICIENCY EPC rating D (64). Please speak to a member of staff for a copy of the full Energy Performance Certificate. 

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

COUNCIL TAX The property is in Council Tax band A, which is currently £1,621 P.A. 

MINING The property is located within a former mining area. 

BROADBAND SPEEDS AVAILABLE Average download speed of the fastest package currently available at this postcode is classed as ultra-fast 10,000Mb. Suitable for web & social, video calls, streaming and online gaming. We would recommend contacting a supplier to get he most accurate and up to date data. 

MOBILE PHONE COVERAGE EE (Excellent), Vodafone (Excellent), Three (Excellent), O2 (Excellent). 

VIEWINGS We have created a virtual tour which can be viewed on our YouTube channel, our website, property portals and our social media accounts such as Facebook, Twitter and Instagram. To arrange a viewing please contact the office.  

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. 

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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