2 Bed Terraced House, Single Let, Chester-le-Street, DH3 1EF, £88,995

BTL

ROI: 6%

~68 m²

+6 photos

ValuationFair Value

Sold Prices	£42K - £285K
Sold Prices/m²	£627/m² - £3.2K/m²

Square Metres	~68.11 m²
Price/m²	£1.3K/m²
Value Estimate	£87,853£87,853

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£22,249£22,249
Stamp Duty & Legal Fees	£5,650£5,650
Total Cash In	£27,899£27,899

Cash Out
Rent Range	£500 - £825£500 - £825
Rent Estimate	£550
Running Costs/mo	£408£408
Cashflow/mo	£142£142
Cashflow/yr	£1,703£1,703
ROI	6%6%
Gross Yield	7%7%

Local Sold Prices

33 sold prices from £42K to £285K, average is £89K. £627/m² to £3.2K/m², average is £1.3K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£74K	02/23	0 mi	55, King Street, Birtley, Chester Le Street, Tyne And Wear DH3 1EF	£1,138	65	2	Terraced House
£61.8K	03/23	0.01 mi	42, Queen Street, Birtley, Chester Le Street, Tyne And Wear DH3 1ED	£950	65	2	Terraced House
£95K	07/21	0.02 mi	67, Mitchell Street, Birtley, Chester Le Street, Tyne And Wear DH3 1EQ	£880	108	2	Terraced House
£107.5K	01/23	0.02 mi	67, Mitchell Street, Birtley, Chester Le Street, Tyne And Wear DH3 1EQ	£995	108	2	Terraced House
£42K	10/20	0.03 mi	22, Queen Street, Birtley, Chester Le Street, Tyne And Wear DH3 1ED	£627	67	2	Terraced House
£102K	01/23	0.06 mi	15, Ravensworth Road, Birtley, Chester Le Street, Tyne And Wear DH3 1EE	£1,457	70	2	Terraced House
£87.3K	04/21	0.07 mi	10, Poplar Crescent, Birtley, Chester Le Street, Tyne And Wear DH3 1EH	£1,616	54	2	Terraced House
£85K	12/22	0.08 mi	17, Morris Street, Birtley, Chester Le Street, Tyne And Wear DH3 1DU	£1,149	74	2	Terraced House
£75K	05/21	0.1 mi	6, May Street, Birtley, Chester Le Street, Tyne And Wear DH3 1EU	£1,180	64	2	Terraced House
£88.5K	12/20	0.1 mi	53, Ravensworth Road, Birtley, Chester Le Street, Tyne And Wear DH3 1EN	£903	98	2	Terraced House
£81K	02/23	0.1 mi	17, Jones Street, Birtley, Chester Le Street, Tyne And Wear DH3 1DZ	£779	104	2	Terraced House
£105K	04/21	0.26 mi	4, Hawkhills Terrace, Birtley, Chester Le Street, Tyne And Wear DH3 1LN	£1,358	77	2	Terraced House
£89K	07/21	0.29 mi	15, Lavers Road, Birtley, Chester Le Street, Tyne And Wear DH3 1HH	£1,290	69	2	Semi-Detached House
£60K	02/21	0.38 mi	67, Lansbury Drive, Birtley, Chester Le Street, Tyne And Wear DH3 1JR	£1,053	57	2	Terraced House
£95K	03/23	0.39 mi	22, Sanders Gardens, Birtley, Chester Le Street, Tyne And Wear DH3 1NB	£1,284	74	2	Semi-Detached House
£85K	11/20	0.41 mi	12, New South Terrace, Birtley, Chester Le Street, Tyne And Wear DH3 1AF	£1,090	78	2	Semi-Detached House
£85K	12/20	0.48 mi	54, Glamis Villas, Birtley, Chester Le Street, Tyne And Wear DH3 1JZ	£1,735	49	2	Terraced House
£64K	07/23	0.48 mi	22, Glamis Villas, Birtley, Chester Le Street, Tyne And Wear DH3 1JZ	-	-	2	Terraced House
£101K	11/20	0.5 mi	29, Oliver Crescent, Birtley, Chester Le Street, Tyne And Wear DH3 1NG	£1,403	72	2	Semi-Detached House
£70K	09/21	0.53 mi	1, Wilfred Street, Birtley, Chester Le Street, Tyne And Wear DH3 2NU	£1,308	54	2	Terraced House
£78K	04/21	0.53 mi	3, Wilfred Street, Birtley, Chester Le Street, Tyne And Wear DH3 2NU	£1,345	58	2	Terraced House
£94.5K	10/20	0.55 mi	9, Hattam Close, Birtley, Chester Le Street, Tyne And Wear DH3 1GE	£3,230	29	2	Semi-Detached House
£100K	08/21	0.55 mi	6, Hattam Close, Birtley, Chester Le Street, Tyne And Wear DH3 1GE	£1,818	55	2	Terraced House
£93.5K	11/21	0.56 mi	77, Windsor Road, Birtley, Chester Le Street, Tyne And Wear DH3 1PQ	£1,607	58	2	Terraced House
£62.5K	04/21	0.56 mi	23, Windsor Road, Birtley, Chester Le Street, Tyne And Wear DH3 1PQ	-	-	2	Terraced House
£285K	03/23	0.65 mi	8, The Uplands, Birtley, Chester Le Street, Tyne And Wear DH3 1RJ	-	-	2	Detached House
£100K	03/21	0.65 mi	17, Angel Way, Birtley, Chester Le Street, Tyne And Wear DH3 1GD	£1,818	55	2	Terraced House
£190K	11/20	0.71 mi	6, Highfield, Birtley, Chester Le Street, Tyne And Wear DH3 1QQ	£1,979	96	2	Semi-Detached House
£214K	12/22	0.73 mi	31, Dene Court, Birtley, Chester Le Street, Tyne And Wear DH3 1QH	-	-	2	Semi-Detached House
£220K	01/23	0.73 mi	30, Dene Court, Birtley, Chester Le Street, Tyne And Wear DH3 1QH	-	-	2	Semi-Detached House
£149.9K	05/21	0.86 mi	13, Tamerton Drive, Birtley, Chester Le Street, Tyne And Wear DH3 2LX	£2,631	57	2	Semi-Detached House
£155K	06/21	0.86 mi	22, Tamerton Drive, Birtley, Chester Le Street, Tyne And Wear DH3 2LX	-	-	2	Semi-Detached House
£75K	02/23	0.9 mi	3, North Street, Birtley, Chester Le Street, Tyne And Wear DH3 2JJ	£1,000	75	2	Terraced House

Local Rents

14 rents from £500/mo to £825/mo, average is £673/mo.

Rent	Date	Distance	Address	Beds	Type
£600	07/24	0.04 mi	-	2	Terraced House
£550	06/24	0.09 mi	-	2	Flat
£500	12/24	0.11 mi	Mitchell Street, Birtley, Chester Le Street, County Durham, DH3	2	Flat
£650	03/25	0.43 mi	-	2	Semi-Detached House
£700	10/23	0.7 mi	-	2	Terraced House
£720	09/24	0.7 mi	-	2	Terraced House
£750	12/24	0.92 mi	Renfrew Place, Birtley	2	Detached House
£550	12/24	0.94 mi	York Road, Birtley, Chester Le Street	2	Terraced House
£725	12/24	0.94 mi	Laxford, Birtley, Chester Le Street	2	Flat
£650	12/24	0.95 mi	Dorset Avenue, Birtley, Chester Le Street, County Durham, DH3	2	Detached House
£650	12/24	1 mi	Portobello Terrace, Birtley, Chester Le Street, Chester Le Street, DH3 2JS	2	Terraced House
£695	12/24	1.03 mi	-	2	Terraced House
£750	12/24	1.17 mi	-	2	Semi-Detached House
£825	03/25	1.17 mi	-	2	Semi-Detached House

Local Area Statistics

Population in DH3	25,79725,797
Population in Chester-le-Street	56,37756,377
Town centre distance	2.71 miles away2.71 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	2.92 miles away2.92 miles away

Rental demand	Tenant's marketTenant's market
Rental growth (12m)	+13%+13%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	-3%-3%

Property History

Listed for £88,995

March 26, 2025

Floor Plans

Description

Fitted Kitchen +
Two Bedrooms +
Master Bathroom +
Private Yard +
Ideal For First Time Buyers Or Investors +

The Property
Situated in a convenient location close to local amenities, this two-bedroom terraced home offers a great opportunity for first-time buyers or investors. The property features a spacious living area, a modern kitchen with fitted washing machine, microwave, double oven and fridge / freezer, and two good-sized bedrooms with fitted wardrobes. A family bathroom completes the interior.

The house has been completely redecorated to a very high standard which benefits from a new carpet throughout and LED down lights.

Externally, there is a rear yard providing outdoor space. With easy access to transport links, schools, and shops, this home is ideal for those seeking comfortable living in a well-connected area. Viewing is highly recommended!

Property Description Disclaimer

This is a general description of the property only, and is not intended to constitute part of an offer or contract. It has been verified by the seller(s), unless marked as 'draft'. Purplebricks conducts some valuations online and some of our customers prepare their own property descriptions, so if you decide to proceed with a viewing or an offer, please note this information may have been provided solely by the vendor, and we may not have been able to visit the property to confirm it. If you require clarification on any point then please contact us, especially if you’re traveling some distance to view. All information should be checked by your solicitor prior to exchange of contracts. Successful buyers will be required to complete anti-money laundering checks. Our partner, Lifetime Legal Limited, will carry out the initial checks on our behalf. The current non-refundable cost is £80 inc. VAT per offer. You’ll need to pay this to Lifetime Legal and complete all checks before we can issue a memorandum of sale. The cost includes obtaining relevant data and any manual checks and monitoring which might be required, and includes a range of benefits. Purplebricks will receive some of the fee taken by Lifetime Legal to compensate for its role in providing these checks.

Agent Details

Purplebricks, covering Durham

020 3910 6429

Next Steps?

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

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