3 Bed Terraced House, Refurb/BRRR, Chester-le-Street, DH3 1NF, £99,950

Neville Crescent, Birtley, Chester Le Street, DH3 1NF - 1 views - 13 days ago

Refurb/BRRR
Planning
ROI: 8%
~93 m²
+13 photos

ValuationFair Value

Sold Prices£78.5K - £239K
Sold Prices/m²£818/m² - £3.1K/m²

 

 

Square Metres

~93 m²
Price/m²£1.1K/m²

Value Estimate

£100,950

 

 

End Value (After Refurb)

£144,383

Uplift in Value

+44%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£24,988

Stamp Duty & Legal Fees

£6,198

Refurb Costs

£35,600

Bridging Loan Interest

£2,624

Total Cash In

£71,159

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£144,383

Mortgage (After Refinance)

£108,287

Mortgage LTV

75%

Cash Released

£33,324

Cash Left In

£37,834

Equity

£36,096

Rent Range

£600 - £3,300

Rent Estimate

£1,149

Running Costs/mo

£701

Cashflow/mo

£448

Cashflow/yr

£5,376

ROI

8%

Gross Yield

14%

Local Sold Prices

50 sold prices from £78.5K to £239K, average is £129.5K. £818/m² to £3.1K/m², average is £1.5K/m².

PriceDateDistanceAddressBeds 
£117.5K01/230.08 mi20, Dennison Crescent, Birtley, Chester Le Street, Tyne And Wear DH3 1NL3
£239K01/210.11 mi5, Highfield, Birtley, Chester Le Street, Tyne And Wear DH3 1QG3
£129K07/230.14 mi21, Gilliland Crescent, Birtley, Chester Le Street, Tyne And Wear DH3 1NJ3
£98K05/210.16 mi42, Dennison Crescent, Birtley, Chester Le Street, Tyne And Wear DH3 1NN3
£175K08/210.17 mi17, Highfield, Birtley, Chester Le Street, Tyne And Wear DH3 1QQ3
£165K01/210.19 mi24, North Dene, Birtley, Chester Le Street, Tyne And Wear DH3 1QB3
£179K03/230.19 mi60, North Dene, Birtley, Chester Le Street, Tyne And Wear DH3 1QB3
£190K05/230.19 mi24, North Dene, Birtley, Chester Le Street, Tyne And Wear DH3 1QB3
£115K05/210.2 mi17, Garside Avenue, Birtley, Chester Le Street, Tyne And Wear DH3 1NT3
£100K08/210.21 mi34, Flanders Court, Birtley, Chester Le Street, Tyne And Wear DH3 1LD3
£155.3K10/200.21 mi9, Flanders Court, Birtley, Chester Le Street, Tyne And Wear DH3 1LD3
£123.5K03/210.23 mi6, Leyburn Place, Birtley, Chester Le Street, Tyne And Wear DH3 1PL3
£100K12/200.23 mi26, Leyburn Place, Birtley, Chester Le Street, Tyne And Wear DH3 1PL3
£117K03/230.23 mi6, Leyburn Place, Birtley, Chester Le Street, Tyne And Wear DH3 1PL3
£134.2K06/210.24 mi1, Hillcroft, Birtley, Chester Le Street, Tyne And Wear DH3 1ND3
£125.8K09/210.25 mi10, Crathie, Birtley, Chester Le Street, Tyne And Wear DH3 1QJ3
£116.7K04/210.25 mi11, Crathie, Birtley, Chester Le Street, Tyne And Wear DH3 1QJ3
£205K08/210.25 mi61, North Dene, Birtley, Chester Le Street, Tyne And Wear DH3 1PZ3
£100K08/210.25 mi27, Lavers Road, Birtley, Chester Le Street, Tyne And Wear DH3 1HH3
£100K10/210.26 mi9, Valley View, Birtley, Chester Le Street, Tyne And Wear DH3 1PN3
£182.5K03/210.29 mi11, Maddison Gardens, Birtley, Chester Le Street, Tyne And Wear DH3 1GB3
£210K03/210.3 mi57, The Hollys, Birtley, Chester Le Street, Tyne And Wear DH3 1QN3
£161K01/210.3 mi91, North Dene, Birtley, Chester Le Street, Tyne And Wear DH3 1QA3
£169.9K03/210.3 mi81, North Dene, Birtley, Chester Le Street, Tyne And Wear DH3 1QA3
£130K09/210.33 mi49, Fellcross, Birtley, Chester Le Street, Tyne And Wear DH3 1BQ3
£115K12/200.33 mi58, Fellcross, Birtley, Chester Le Street, Tyne And Wear DH3 1BH3
£116K03/210.34 mi21, Highridge, Birtley, Chester Le Street, Tyne And Wear DH3 1BE3
£115K11/220.35 mi20, Highridge, Birtley, Chester Le Street, Tyne And Wear DH3 1BD3
£105K11/210.35 mi14, Highridge, Birtley, Chester Le Street, Tyne And Wear DH3 1BD3
£162K12/200.36 mi4, Egton Terrace, Birtley, Chester Le Street, Tyne And Wear DH3 1LX3
£220K06/210.37 mi37, Elm Crescent, Birtley, Chester Le Street, Tyne And Wear DH3 1GH3
£148K06/210.37 mi16, Elm Crescent, Birtley, Chester Le Street, Tyne And Wear DH3 1GH3
£133K03/210.38 mi12, Mount Court, Birtley, Chester Le Street, Tyne And Wear DH3 1DA3
£208K01/230.41 mi42, Leafield Close, Birtley, Chester Le Street, Tyne And Wear DH3 1RX3
£170K12/200.41 mi59, Mount Road, Birtley, Chester Le Street, Tyne And Wear DH3 1BJ3
£165K05/210.41 mi67, Mount Road, Birtley, Chester Le Street, Tyne And Wear DH3 1BJ3
£136.5K05/210.42 mi95, Mount Road, Birtley, Chester Le Street, Tyne And Wear DH3 1BJ3
£125K02/210.42 mi21, Mount Road, Birtley, Chester Le Street, Tyne And Wear DH3 1BB3
£125K08/230.42 mi14, Mount Road, Birtley, Chester Le Street, Tyne And Wear DH3 1BB3
£150K02/230.42 mi15, Mount Road, Birtley, Chester Le Street, Tyne And Wear DH3 1BB3
£170K11/200.42 mi43, Mount Road, Birtley, Chester Le Street, Tyne And Wear DH3 1BJ3
£78.5K07/230.47 mi39, Mitchell Street, Birtley, Chester Le Street, Tyne And Wear DH3 1EP3
£120K11/210.47 mi2, Neale Terrace, Birtley, Chester Le Street, Tyne And Wear DH3 1LR3
£180K02/210.48 mi27, The Brambles, Birtley, Chester Le Street, Tyne And Wear DH3 1RT3
£127K06/210.49 mi8, Jasmine Terrace, Birtley, Chester Le Street, Tyne And Wear DH3 1RW3
£140K12/220.5 mi140, Mount Road, Birtley, Chester Le Street, Tyne And Wear DH3 1BL3
£112K10/210.5 mi14, Bertram Street, Birtley, Chester Le Street, Tyne And Wear DH3 1ET3
£78.5K12/200.5 mi14, Bertram Street, Birtley, Chester Le Street, Tyne And Wear DH3 1ET3
£118.7K12/200.5 mi8, Bewicke View, Birtley, Chester Le Street, Tyne And Wear DH3 1RU3
£122K01/210.53 mi69, Mitchell Street, Birtley, Chester Le Street, Tyne And Wear DH3 1EQ3

Local Rents

10 rents from £600/mo to £3.3K/mo, average is £773/mo.

RentDateDistanceAddressBeds 
£1,10012/240.25 miRobsons Way, Birtley, DH33
£1,50012/240.3 miThe Hollys, Birtley, DH33
£1,19512/240.48 miSycamore Crescent, Birtley, Chester Le Street3
£75003/250.56 mi-3
£60012/240.57 miMorris Street, DH33
£3,30002/250.66 mi-3
£75006/240.92 mi-3
£75007/240.92 mi-3
£79512/241.12 miPolperro Close, DH33
£75006/241.23 miBramhope Green, Harlow Green, Gateshead, NE93

Local Area Statistics

Population in DH3

25,797

Population in Chester-le-Street

56,377

Town centre distance

3.24 miles away

Nearest school

0.20 miles away

Nearest train station

3.44 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+13%

Sales demand

Balanced market

Capital growth (5yrs)

-3%

Property History

Listed for £99,950

March 22, 2025

Floor Plans

Description

  • Sought After Street +
  • Large South Westerly Facing Garden With Open Outlook +
  • Gated Off Street Parking +
  • Spacious Interior +
  • Close To Town Amenities In Birtley +
  • Easy Access To A1(M) Junction +
  • Baxi Combination Boiler +
  • UPVC Double Glazing +
  • Requires Renovation So Attractively Priced +
  • Freehold With No Onward Chain +

An excellent opportunity to acquire a spacious family-size property, with generous room sizes, off-street parking available to the rear and a large south westerly facing garden with an open outlook to the front. The house is attractively priced, reflecting the need for renovation and allowing buyers to create a great home to their specifications. The layout includes a hall, rear lobby, cloakroom/wc, living room with double doors to the garden, separate dining room with patio doors opening to a lean-to conservatory, kitchen, three well-proportioned bedrooms and a shower room/wc. The double-fronted design means the property has a long, expansive garden and a large yard to the rear with a car port and additional gated parking. It includes gas central heating with a Baxi combination boiler, uPVC double glazing and cavity wall insulation. It has a Freehold title and is available with no onward chain.

Neville Crescent is a popular and established residential street, known for spacious interiors and large gardens.. It could hardly be more convenient for those seeking easy road access throughout the North East whilst having access to the local shops, schools and amenities in Birtley town centre. The A1M interchange is close and has excellent road links to Durham City, Gateshead, the Metro Centre, Newcastle upon Tyne, Chester-le-Street, and Sunderland.

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 – Gateshead Council
Council Tax Band – A
Tenure – Freehold

PART B
Property Type – Terraced
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 unless otherwise indicated
Electricity supply – Mains
Water Supply – Mains, not metered.
Sewerage – Mains
Heating – Gas boiler with radiators
Estimated Mobile phone coverage – Please refer to the Ofcom Website -
Estimated Broadband Download speeds – please refer to the Ofcom Website –
Parking- Off-street parking to the rear.

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 – See below.
Covenants and restrictions which affect the property are contained within the Land Registry Title Register and in a Transfer from The Borough Council of Gateshead dated 14th March 1983, which are available for inspection.
Selective licencing area – No
Article 4 Planning Restricted Area - No
Rights & Easements- None
Flood risk – Rivers and Seas: No Risk. Surface Water: Medium.
Coastal Erosion – N/A
Planning Permission – None current
Accessibility/Adaptations – None
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 the 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 judgment 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, Chester Le Street

0191 625 0107

Next Steps?

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