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3 Bed Semi-Detached House, Refurb/BRRR, Chester-le-Street, DH2 2DR, £95,000

Bullion Lane, Chester Le Street, DH2 2DR - 2 views - 21 days ago

Refurb/BRRR
ROI: 6%
~93 m²
+5 photos

ValuationUndervalued

Sold Prices£74K - £232.5K
Sold Prices/m²£783/m² - £2.2K/m²

 

 

Square Metres

~93 m²
Price/m²£1K/m²

Value Estimate

£97,850
BMV3%

 

 

End Value (After Refurb)

£112,375

Uplift in Value

+18%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£23,750

Stamp Duty & Legal Fees

£5,950

Refurb Costs

£35,712

Bridging Loan Interest

£2,494

Total Cash In

£69,656

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£112,375

Mortgage (After Refinance)

£84,281

Mortgage LTV

75%

Cash Released

£13,031

Cash Left In

£56,625

Equity

£28,094

Rent Range

£595 - £3,300

Rent Estimate

£932

Running Costs/mo

£558

Cashflow/mo

£374

Cashflow/yr

£4,493

ROI

6%

Gross Yield

12%

Local Sold Prices

50 sold prices from £74K to £232.5K, average is £111K. £783/m² to £2.2K/m², average is £1.2K/m².

PriceDateDistanceAddressBeds 
£81.5K07/230.06 mi15, Ridley Avenue, Chester Le Street, County Durham DH2 2EJ3
£87K04/210.08 mi5, Third Avenue, Chester Le Street, Durham DH2 2EF3
£80K08/230.09 mi33, Bullion Lane, Chester Le Street, County Durham DH2 2DP3
£101.5K10/210.1 mi49, Delaval, Chester Le Street, County Durham DH2 2EB3
£232.5K09/210.15 mi11, Castle Riggs, Chester Le Street, Durham DH2 2DL3
£105K01/230.15 mi37, Gray Avenue, Chester Le Street, County Durham DH2 2EL3
£95K01/230.16 mi24, Gray Avenue, Chester Le Street, County Durham DH2 2EL3
£91.5K04/230.17 mi35, Gainford, Chester Le Street, County Durham DH2 2EW3
£96K06/210.17 mi47, Gainford, Chester Le Street, County Durham DH2 2EW3
£92.5K12/200.17 mi50, Gainford, Chester Le Street, County Durham DH2 2EW3
£88.5K10/210.19 mi15, Yetholm Avenue, Chester Le Street, County Durham DH2 2EN3
£95K02/210.25 mi6, Eighth Avenue, Chester Le Street, Durham DH2 2BE3
£135K12/220.26 mi9, Delaval, Chester Le Street, County Durham DH2 2BH3
£105K06/210.26 mi18, Chiltern Avenue, Chester Le Street, County Durham DH2 3BD3
£120K07/210.26 mi13, Chiltern Avenue, Chester Le Street, Durham DH2 3BD3
£114K03/230.27 mi22, Cleveland Avenue, Chester Le Street, County Durham DH2 3BA3
£108K05/210.27 mi14, Hambledon Avenue, Chester Le Street, County Durham DH2 3BG3
£110K11/220.28 mi7, Grampian Avenue, Chester Le Street, County Durham DH2 3AY3
£122K12/220.29 mi18, Malvern Avenue, Chester Le Street, County Durham DH2 3BH3
£189K01/210.29 mi12, Elvet Green, Chester Le Street, Durham DH2 2ER3
£138K10/210.29 mi10, Mendip Avenue, Chester Le Street, County Durham DH2 3AS3
£88K08/210.31 mi23, Seventh Avenue, Chester Le Street, County Durham DH2 2BP3
£112K02/230.31 mi187, Wynyard, Chester Le Street, County Durham DH2 2TQ3
£140K02/230.32 mi16, Gibside, Chester Le Street, County Durham DH2 2TS3
£120K08/210.32 mi21, Cleveland Avenue, Chester Le Street, Durham DH2 3BB3
£125K12/200.32 mi53, Chiltern Avenue, Chester Le Street, Durham DH2 3BE3
£114K02/210.32 mi5, Cotswold Avenue, Chester Le Street, Durham DH2 3BW3
£136K06/230.32 mi19, Wynyard, Chester Le Street, County Durham DH2 2TG3
£98K11/200.32 mi230, Wynyard, Chester Le Street, County Durham DH2 2TG3
£95K05/210.33 mi60, Hambledon Avenue, Chester Le Street, County Durham DH2 3BQ3
£117K11/210.33 mi52, Hambledon Avenue, Chester Le Street, Durham DH2 3BQ3
£74K03/230.34 mi11, Poplar Street, Chester Le Street, County Durham DH3 3DN3
£96K11/220.35 mi11, Finchdale Terrace, Chester Le Street, County Durham DH3 3DL3
£120K06/210.35 mi27, Pennine Avenue, Chester Le Street, County Durham DH2 3AX3
£110K02/210.35 mi20, Alpine Court, Chester Le Street, Durham DH2 2UE3
£90K03/210.35 mi31, Twelfth Avenue, Chester Le Street, Durham DH2 2BW3
£90K08/230.35 mi19, Twelfth Avenue, Chester Le Street, County Durham DH2 2BW3
£160K11/210.36 mi33, Sidlaw Avenue, Chester Le Street, County Durham DH2 3DD3
£100.1K02/210.36 mi3, Sidlaw Avenue, Chester Le Street, Durham DH2 3DD3
£157.5K04/230.36 mi35, Sidlaw Avenue, Chester Le Street, County Durham DH2 3DD3
£120K03/230.36 mi52, Lowther Avenue, Chester Le Street, County Durham DH2 3BN3
£119K05/210.36 mi36, Mendip Avenue, Chester Le Street, Durham DH2 3AT3
£94K03/210.36 mi38, Mendip Avenue, Chester Le Street, County Durham DH2 3AT3
£137.5K11/210.36 mi42, Moorfoot Avenue, Chester Le Street, County Durham DH2 3AJ3
£114K12/210.37 mi36, Cumbrian Avenue, Chester Le Street, Durham DH2 3AR3
£123K06/230.37 mi83, Cragside, Chester Le Street, County Durham DH2 2TN3
£125K07/210.37 mi75, Cragside, Chester Le Street, County Durham DH2 2TN3
£157K06/210.38 mi23, Avondale Terrace, Chester Le Street, County Durham DH3 3ED3
£125K04/210.38 mi52, Cotswold Avenue, Chester Le Street, Durham DH2 3BP3
£110K12/220.38 mi51, Cotswold Avenue, Chester Le Street, County Durham DH2 3BP3

Local Rents

18 rents from £595/mo to £3.3K/mo, average is £800/mo.

RentDateDistanceAddressBeds 
£1,05012/240.11 mi-3
£99512/240.12 miSecond Avenue, Chester Le Street, DH23
£99512/240.12 mi-3
£82501/250.14 mi-3
£67512/240.23 miWynyard, Chester Le Street, Durham, DH23
£70002/240.26 mi-3
£67512/240.26 mi-3
£80012/240.29 mi-3
£85012/240.34 mi-3
£3,30003/250.38 mi-3
£80004/250.4 mi-3
£80012/240.41 mi-3
£70012/240.44 mi-3
£70012/240.47 miChatton Close, Chester Le Street3
£80006/240.47 mi-3
£59512/240.54 miCooperative Street, Chester Le Street3
£69512/240.6 miProspect Terrace, Chester Le Street3
£82002/250.6 mi-3

Links

Local Area Statistics

Population in DH2

30,579

Population in Chester-le-Street

56,377

Town centre distance

0.31 miles away

Nearest school

0.10 miles away

Nearest train station

0.34 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

-9%

Sales demand

Seller's market

Capital growth (5yrs)

+12%

Property History

Listed for £95,000

March 25, 2025

Floor Plans

Description

Situated in the heart of Chester-le-Street, this charming semi-detached house on Bullion Lane presents an excellent opportunity for families seeking a spacious and comfortable home. Boasting three well-proportioned bedrooms, each equipped with fitted wardrobes, this property offers ample storage and personal space for all family members.

The generous living accommodation includes a welcoming reception room, perfect for relaxation and entertaining. The fitted white kitchen/diner is a space for family meals, complemented by a convenient utility area that enhances functionality. The property also features a refitted white shower room/wc ensuring modern convenience for daily routines.

Outside, the home is surrounded by gardens to both the front and rear. Additionally, the property benefits from parking and a single garage, offering practicality and ease for busy family life.

While the home is in need of some modernisation, it presents a blank canvas for new owners to personalise and make their own. With immediate vacant possession available, this property is ready for you to move in. We encourage you to view this family home early to secure your chance to make it your own.

EPC rating to be confirmed
Council tax band A
Freehold

Entrance Vestibule -

Lounge - 5.28m x 3.78m (17'4" x 12'5") -

Kitchen/Diner - 4.72m x 3.00m (15'6" x 9'10") -

Utility Space -

Rear Vestibule -

First Floor -

Bedroom 1 - 3.76m x 3.15m plus robes (12'4" x 10'4" plus robes -

Bedroom 2 - 3.45m x 3.35m plus robes (11'4" x 11' plus robes) -

Bedroom 3 - 2.95m narrowning x 2.74m narrowing (9'8" narrownin -

Shower Room/Wc -

Garage -

Outside -

Agent Details

Venture Properties, Chester Le Street

0191 625 0116

Next Steps?

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

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