2 Bed Terraced House, Planning Permission, DH9 8NP, £75,000

Annfield Place, Stanley, County Durham, DH9 8NP - 24 days ago

Planning
ROI: 7%
~68 m²
+13 photos

ValuationOvervalued

Sold Prices£37K - £200K
Sold Prices/m²£398/m² - £2.3K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.1K/m²

Value Estimate

£51,846

Investment Opportunity

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£18,750

Stamp Duty & Legal Fees

£4,950

Total Cash In

£23,700

 

 

Cash Out

 

Rent Range

£475 - £625

Rent Estimate

£499

Running Costs/mo

£354

Cashflow/mo

£145

Cashflow/yr

£1,738

ROI

7%

Gross Yield

8%

Local Sold Prices

25 sold prices from £37K to £200K, average is £60K. £398/m² to £2.3K/m², average is £761/m².

PriceDateDistanceAddressBeds 
£85K01/230.08 mi17, Fairview Terrace, Stanley, County Durham DH9 8NR2
£92.5K03/230.09 mi18, Fairview Terrace, Stanley, County Durham DH9 8NR2
£73K03/210.13 mi10, Pontop Terrace, Stanley, County Durham DH9 8NS2
£61.8K04/230.22 mi5, Westview Terrace, Stanley, County Durham DH9 8NU2
£56K04/230.41 mi11, Clavering Place, Stanley, County Durham DH9 7XD2
£48K06/230.41 mi42, Clavering Place, Stanley, County Durham DH9 7XD2
£75K12/220.41 mi45, Clavering Place, Stanley, County Durham DH9 7XD2
£200K10/220.45 mi37, Windsor Drive, Stanley, County Durham DH9 8SR2
£76.5K03/210.45 mi19, Ryde Terrace, Stanley, Durham DH9 8HQ2
£55.8K07/230.45 mi6, Church Street, Catchgate, Stanley, County Durham DH9 8HE2
£50K02/210.46 mi2, Duke Street, Stanley, County Durham DH9 8SF2
£61.8K06/210.51 mi11, Wolsingham Terrace, Stanley, County Durham DH9 8QJ2
£37K12/200.51 mi3, Wesley Terrace, Stanley, Durham DH9 8QL2
£63.5K01/230.51 mi18, Wesley Terrace, Stanley, County Durham DH9 8QL2
£42K02/210.52 mi21, Wesley Terrace, Stanley, County Durham DH9 8QL2
£70K09/210.55 mi20, Stanhope Gardens, Stanley, County Durham DH9 8QG2
£73K03/210.55 mi15, Windsor Drive, Stanley, Durham DH9 8SP2
£53.5K02/230.59 mi24, Harperley Gardens, Stanley, County Durham DH9 8RZ2
£60K05/210.64 mi12, Elizabeth Street, Stanley, Durham DH9 7SW2
£60K05/210.64 mi12, Elizabeth Street, Stanley, Durham DH9 7SW2
£43K12/200.67 mi12, Mary Street, Annfield Plain, Stanley, County Durham DH9 7SJ2
£51.5K08/230.67 mi13, Mary Street, Annfield Plain, Stanley, County Durham DH9 7SJ2
£51K08/210.68 mi3, William Street, Annfield Plain, Stanley, County Durham DH9 7SH2
£54K06/210.89 mi23, Hawthorn Terrace, Stanley, Durham DH9 7TL2
£65K06/210.9 mi16, Prospect Terrace, Stanley, Durham DH9 7TR2

Local Rents

16 rents from £475/mo to £625/mo, average is £550/mo.

RentDateDistanceAddressBeds 
£60012/240.03 miAnnfield Place, ., Stanley, Durham, DH9 8NP2
£55012/240.29 mi-2
£60012/240.32 miHamsterley Gardens, Annfield Plain, Stanley2
£62503/250.39 mi-2
£52512/240.53 mi-2
£50008/230.56 mi-2
£50012/240.56 mi-2
£55012/240.57 miMitchell Street, Annfield Plain, Stanley, County Durham, DH92
£57512/240.6 mi-2
£55001/250.64 mi-2
£55012/240.89 miHawthorn Terrace, New Kyo, Stanley2
£55012/240.98 miCatherine Terrace, New Kyo, Stanley2
£49512/241.09 miUnity Terrace, Stanley2
£59510/241.1 mi-2
£47512/241.1 miCoronation Terrace, Stanley, Durham, DH92
£59512/241.23 mi-2

Local Area Statistics

Population in DH9

36,673

Nearest school

0.10 miles away

Nearest train station

6.88 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+3%

Sales demand

Seller's market

Capital growth (5yrs)

+8%

Property History

Listed for £75,000

March 18, 2025

Floor Plans

Description

  • Vacant Possession & No Forward Chain +
  • Immaculate End Terrace Home +
  • Modern Kitchen +
  • Contemporary Bathroom +
  • Lawned Garde with Mature Planting +
  • Gated Off-Street Parking +

Vacant Possession & No Forward Chain This immaculately presented end terrace home has a modern kitchen, contemporary bathroom, generous garden, and gated off-street parking.

Providing turnkey accommodation this immaculately presented end terrace home is likely to be popular with first-time buyers and investors, with a potential rental income of £7,500 per annum (10% yield). Accessed to the front into a hallway, the property briefly comprises a lounge, a modern fitted kitchen with breakfast bar, two double bedrooms, and a contemporary bathroom with shower and screen over the bath. Externally there is a fence-enclosed garden with lawn and mature planting, and gated off-street parking.

Annfield Plain is a small former mining town with local shops, a Tesco Supermarket, Primary schools Doctors & Dentists. It is located approximately three miles from Stanley, which provides additional amenities and bus/road links to Consett, Chester-le-Street, and the regional centers of Newcastle and Durham, which are 15 and 11 miles away, 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 – End Terrace
Property Construction – Standard
Number & Types of Rooms – Please refer to the details and floorplan, all measurements taken being the maximum dimensions available between internal walls
Gas Supply - Mains
Electricity Supply – Mains
Water Supply – Mains (not metered)
Sewerage – Mains
Heating – Gas fired central heating via radiators
Estimated Mobile phone coverage – Please refer to the Ofcom Website -
Estimated Broadband Download speeds – please refer to the Ofcom Website –
Parking- Gated Off Street

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 – no
Rights & Easements- None
Flood risk – Rivers and seas: Very Low / Surface water: Very Low
Coastal Erosion – N/A
Protected Trees - NA
Planning Permission:
1/BN/1998/1480/ | (06/11/1998)
Status: Building Work Complete
Cavity wall insulation
Accessibility/Adaptations – The property has not been altered for accessibility
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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