3 Bed Terraced House, Refurb/BRRR, DH9 7AG, £55,000

Moore Street, South Moor, Stanley, DH9 7AG - 4 views - 18 days ago

Refurb/BRRR
ROI: 8%
~93 m²
+8 photos

ValuationFair Value

Sold Prices£33K - £192.4K
Sold Prices/m²£495/m² - £2K/m²

 

 

Square Metres

~93 m²
Price/m²£591/m²

Value Estimate

£56,100

 

 

End Value (After Refurb)

£74,597

Uplift in Value

+36%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£13,750

Stamp Duty & Legal Fees

£3,950

Refurb Costs

£35,871

Bridging Loan Interest

£1,444

Total Cash In

£56,765

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£74,597

Mortgage (After Refinance)

£55,948

Mortgage LTV

75%

Cash Released

£14,698

Cash Left In

£42,067

Equity

£18,649

Rent Range

£550 - £1,795

Rent Estimate

£760

Running Costs/mo

£405

Cashflow/mo

£355

Cashflow/yr

£4,259

ROI

8%

Gross Yield

17%

Local Sold Prices

50 sold prices from £33K to £192.4K, average is £86K. £495/m² to £2K/m², average is £917/m².

PriceDateDistanceAddressBeds 
£71K01/230.06 mi114, Park Road, Stanley, County Durham DH9 7BL3
£55K01/230.06 mi161, Park Road, Stanley, County Durham DH9 7QE3
£50K11/210.07 mi12, Oliver Street, Stanley, Durham DH9 7AQ3
£80K02/230.09 mi9, Rydal Avenue, Stanley, County Durham DH9 7QR3
£65K06/230.16 mi23, Parmeter Street, South Moor, Stanley, County Durham DH9 7AR3
£75K02/210.17 mi26, Keswick Road, Stanley, Durham DH9 7QS3
£64.5K01/210.17 mi130, Westfields, Stanley, County Durham DH9 7DG3
£87K03/230.19 mi31, Windermere Terrace, Stanley, County Durham DH9 7QX3
£66K04/230.22 mi43, Mitchell Street, South Moor, Stanley, County Durham DH9 7BQ3
£95K02/230.23 mi1, Palmer Street, Stanley, County Durham DH9 7RD3
£55K08/230.23 mi23, Mitchell Street, South Moor, Stanley, County Durham DH9 7BE3
£125K03/210.24 mi9, Holyoake, South Moor, Stanley, Durham DH9 7BU3
£96K12/220.3 mi55, Orwell Gardens, Stanley, County Durham DH9 6QA3
£57.8K07/230.3 mi36, Lime Street, South Moor, Stanley, County Durham DH9 7EJ3
£192.4K03/210.3 mi52a, Joicey Terrace, Stanley, County Durham DH9 7LS3
£150K07/210.31 mi5, Coniscliffe Road, Stanley, Durham DH9 7RF3
£145K09/210.31 mi18, Coniscliffe Road, Stanley, County Durham DH9 7RF3
£115K05/230.34 mi29, Tyne Road East, Stanley, County Durham DH9 6NF3
£115K12/220.35 mi19, Orwell Gardens, Stanley, County Durham DH9 6QA3
£63K01/210.4 mi56, Wansbeck Avenue, Stanley, County Durham DH9 6HU3
£143K03/230.41 mi8, Grange Road, Stanley, County Durham DH9 7RQ3
£90K05/230.41 mi56, Heather Way, Stanley, County Durham DH9 7RP3
£88.8K07/210.42 mi56, Heather Way, Stanley, Durham DH9 7RP3
£127.5K03/230.48 mi10, Lenin Terrace, Stanley, County Durham DH9 6PA3
£52K02/210.58 mi95, Wear Road, Stanley, County Durham DH9 6HL3
£95K12/210.59 mi92, Wear Road, Stanley, County Durham DH9 6HW3
£87K02/210.59 mi20, North Terrace, Stanley, Durham DH9 7LD3
£148K10/200.66 mi14, Kielder Drive, The Middles, Stanley, County Durham DH9 6AQ3
£65.5K12/200.7 mi44, Third Street, Quaking Houses, Stanley, Durham DH9 7HA3
£33K11/200.7 mi11, Third Street, Quaking Houses, Stanley, County Durham DH9 7HA3
£90K08/210.74 mi96, Hollyhill Gardens East, Stanley, Durham DH9 6PG3
£78K06/210.74 mi92, Hollyhill Gardens East, Stanley, Durham DH9 6PG3
£125K03/230.74 mi14, Hollyhill Gardens East, Stanley, County Durham DH9 6PG3
£85K06/230.77 mi55, Durham Road, Stanley, County Durham DH9 6QY3
£121.8K12/200.79 mi3, Sabin Court, Stanley, Durham DH9 7JA3
£43K03/230.8 mi1, Belle Street, Stanley, County Durham DH9 0DB3
£60K03/210.8 mi24, Pentlands Terrace, Stanley, Durham DH9 6QJ3
£54.3K03/210.8 mi23, Pentlands Terrace, Stanley, Durham DH9 6QJ3
£89K03/230.81 mi44, Burns Close, Stanley, County Durham DH9 6TP3
£78.5K12/220.81 mi76, Fourth Street, Quaking Houses, Stanley, County Durham DH9 7HD3
£75K06/210.81 mi4, Coates Close, Stanley, County Durham DH9 6XA3
£55.5K01/210.81 mi32, Cleveland Terrace, Stanley, County Durham DH9 6QL3
£153K08/210.81 mi11, Barnhill, Stanley, County Durham DH9 8AN3
£130K11/220.83 mi5, Stanleyburn Court, New Kyo, Stanley, County Durham DH9 7GA3
£60.5K10/200.86 mi60, Durham Road, Stanley, Durham DH9 6QX3
£70K06/210.88 mi45, Whinside, Stanley, Durham DH9 8AU3
£83K06/230.92 mi18, Broom Hill, Stanley, County Durham DH9 8AZ3
£157.5K02/210.95 mi92, Station Road, Stanley, County Durham DH9 0JU3
£177K12/220.96 mi38, Murray Park, Stanley, County Durham DH9 0PN3
£125K07/210.96 mi1, Murray Park, Stanley, Durham DH9 0PN3

Local Rents

31 rents from £550/mo to £1.8K/mo, average is £700/mo.

RentDateDistanceAddressBeds 
£62503/250.04 mi-3
£60003/250.05 mi-3
£60012/240.05 mi-3
£1,79503/250.07 mi-3
£67511/240.07 mi-3
£65003/250.19 mi-3
£95012/240.31 mi-3
£55012/240.39 miSpen Street, Stanley, Durham, DH93
£75002/250.65 mi-3
£62507/240.7 mi-3
£60003/250.71 mi-3
£90012/240.8 mi-3
£90012/240.8 mi-3
£80012/240.8 mi-3
£85003/250.8 mi-3
£62512/240.84 mi-3
£62512/240.86 miBroom Hill, Stanley3
£57512/240.9 miSunny Terrace, Stanley, Co. Durham, DH93
£65003/250.98 mi-3
£65003/250.98 mi-3
£55012/240.98 miGreylingstadt Terrace, Stanley3
£62512/241.08 miSouth View, Annfield Plain, Stanley3
£75012/241.16 mi-3
£75012/241.16 mi-3
£70012/241.16 mi-3
£80012/241.16 mi-3
£80004/251.16 mi-3
£1,00002/251.16 mi-3
£1,00010/241.16 mi-3
£80003/251.16 mi-3
£80003/251.16 mi-3

Local Area Statistics

Population in DH9

36,673

Nearest school

0.30 miles away

Nearest train station

5.11 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+3%

Sales demand

Seller's market

Capital growth (5yrs)

+8%

Property History

Listed for £55,000

March 20, 2025

Floor Plans

Description

Ready for your next project?
This three bedroom end o terrace house on Moore Street, within South Moor, Stanley is full of potential, just waiting for its next owner to put their own stamp on the property.

In need of a full renovation throughout this property would suit a vast array of buyers and investors alike. The layout comprises; to the ground floor an entrance hallway, lounge, serrate dining room and kitchen. To the first floor are three bedrooms, two double and one cozy single, as well as a family bathroom. Externally, there is a rear yard with bricked outhouse.

Agent Details

Sylvester Properties, Stanley

01202 145447

Next Steps?

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