3 Bed Terraced House, Refurb/BRRR, DH9 7LH, £230,000

Lintz Terrace, Stanley, DH9 7LH - 18 days ago

Refurb/BRRR
ROI: 2%
~93 m²
+13 photos

ValuationOvervalued

Sold Prices£33K - £192.4K
Sold Prices/m²£495/m² - £2.1K/m²

 

 

Square Metres

~93 m²
Price/m²£2.5K/m²

Value Estimate

£91,140

 

 

End Value (After Refurb)

£121,750

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£57,500

Stamp Duty & Legal Fees

£12,700

Refurb Costs

£35,871

Bridging Loan Interest

£6,038

Total Cash In

£113,859

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£121,750

Mortgage (After Refinance)

£91,313

Mortgage LTV

75%

Cash Left In

£113,859

Equity

£30,438

Rent Range

£550 - £1,795

Rent Estimate

£763

Running Costs/mo

£553

Cashflow/mo

£210

Cashflow/yr

£2,519

ROI

2%

Gross Yield

4%

Local Sold Prices

50 sold prices from £33K to £192.4K, average is £92.5K. £495/m² to £2.1K/m², average is £1K/m².

PriceDateDistanceAddressBeds 
£87K02/210.23 mi20, North Terrace, Stanley, Durham DH9 7LD3
£87K03/230.25 mi31, Windermere Terrace, Stanley, County Durham DH9 7QX3
£192.4K03/210.27 mi52a, Joicey Terrace, Stanley, County Durham DH9 7LS3
£95K02/230.3 mi1, Palmer Street, Stanley, County Durham DH9 7RD3
£75K02/210.31 mi26, Keswick Road, Stanley, Durham DH9 7QS3
£150K07/210.37 mi5, Coniscliffe Road, Stanley, Durham DH9 7RF3
£145K09/210.37 mi18, Coniscliffe Road, Stanley, County Durham DH9 7RF3
£55K01/230.37 mi161, Park Road, Stanley, County Durham DH9 7QE3
£71K01/230.37 mi114, Park Road, Stanley, County Durham DH9 7BL3
£80K02/230.38 mi9, Rydal Avenue, Stanley, County Durham DH9 7QR3
£143K03/230.38 mi8, Grange Road, Stanley, County Durham DH9 7RQ3
£66K04/230.41 mi43, Mitchell Street, South Moor, Stanley, County Durham DH9 7BQ3
£55K08/230.42 mi23, Mitchell Street, South Moor, Stanley, County Durham DH9 7BE3
£64.5K01/210.43 mi130, Westfields, Stanley, County Durham DH9 7DG3
£50K11/210.47 mi12, Oliver Street, Stanley, Durham DH9 7AQ3
£121.8K12/200.49 mi3, Sabin Court, Stanley, Durham DH9 7JA3
£90K05/230.51 mi56, Heather Way, Stanley, County Durham DH9 7RP3
£88.8K07/210.51 mi56, Heather Way, Stanley, Durham DH9 7RP3
£65K06/230.53 mi23, Parmeter Street, South Moor, Stanley, County Durham DH9 7AR3
£57.8K07/230.55 mi36, Lime Street, South Moor, Stanley, County Durham DH9 7EJ3
£130K11/220.57 mi5, Stanleyburn Court, New Kyo, Stanley, County Durham DH9 7GA3
£125K03/210.62 mi9, Holyoake, South Moor, Stanley, Durham DH9 7BU3
£96K12/220.72 mi55, Orwell Gardens, Stanley, County Durham DH9 6QA3
£115K05/230.73 mi29, Tyne Road East, Stanley, County Durham DH9 6NF3
£82K04/210.74 mi29, South View, Annfield Plain, Stanley, Durham DH9 7UB3
£63K01/210.74 mi56, Wansbeck Avenue, Stanley, County Durham DH9 6HU3
£100K12/220.77 mi1, Weardale Terrace, Annfield Plain, Stanley, County Durham DH9 7TX3
£86K01/210.77 mi21, Weardale Terrace, Stanley, Durham DH9 7TX3
£110K09/210.77 mi24, Teesdale Terrace, Stanley, County Durham DH9 7TU3
£115K12/220.77 mi19, Orwell Gardens, Stanley, County Durham DH9 6QA3
£70K06/210.79 mi45, Whinside, Stanley, Durham DH9 8AU3
£83K06/230.86 mi18, Broom Hill, Stanley, County Durham DH9 8AZ3
£155K12/200.87 mi37, Errington Drive, Tanfield Lea, Stanley, County Durham DH9 9PD3
£155K01/210.87 mi43, Errington Drive, Tanfield Lea, Stanley, Durham DH9 9PD3
£145K12/220.87 mi20, Errington Drive, Tanfield Lea, Stanley, County Durham DH9 9PD3
£182K03/210.88 mi4, Fairfield, Stanley, Durham DH9 8TR3
£77K07/230.89 mi15, Leeholme Court, Stanley, County Durham DH9 7YD3
£127.5K03/230.89 mi10, Lenin Terrace, Stanley, County Durham DH9 6PA3
£128K02/210.89 mi3, The Paddock, Tanfield Lea, Stanley, County Durham DH9 9NS3
£125K01/210.89 mi3, Garden Villas, West Kyo, Stanley, County Durham DH9 8SY3
£153K08/210.91 mi11, Barnhill, Stanley, County Durham DH9 8AN3
£52K02/210.91 mi95, Wear Road, Stanley, County Durham DH9 6HL3
£52K03/230.91 mi34, Durham Road, Annfield Plain, Stanley, County Durham DH9 7UF3
£65.5K12/200.92 mi44, Third Street, Quaking Houses, Stanley, Durham DH9 7HA3
£33K11/200.92 mi11, Third Street, Quaking Houses, Stanley, County Durham DH9 7HA3
£150K05/210.92 mi31, Trefoil Road, Tanfield Lea, Stanley, Durham DH9 9PH3
£95K12/210.93 mi92, Wear Road, Stanley, County Durham DH9 6HW3
£173K12/220.94 mi17, The Bungalows, Tanfield Lea, Stanley, County Durham DH9 9NE3
£90K12/210.94 mi13, The Bungalows, Tanfield Lea, Stanley, County Durham DH9 9NE3
£165K10/210.94 mi43, The Bungalows, Tanfield Lea, Stanley, County Durham DH9 9NE3

Local Rents

32 rents from £550/mo to £1.8K/mo, average is £725/mo.

RentDateDistanceAddressBeds 
£95012/240.31 mi-3
£75002/250.34 mi-3
£65003/250.34 mi-3
£1,79503/250.37 mi-3
£62507/240.39 mi-3
£62503/250.4 mi-3
£60012/240.42 mi-3
£60003/250.42 mi-3
£67511/240.48 mi-3
£55012/240.65 miSpen Street, Stanley, Durham, DH93
£62512/240.8 miBroom Hill, Stanley3
£62512/240.82 miSouth View, Annfield Plain, Stanley3
£60004/250.84 mi-3
£75012/240.86 mi-3
£75012/240.86 mi-3
£70012/240.86 mi-3
£80012/240.86 mi-3
£80011/240.86 mi-3
£1,00002/250.86 mi-3
£1,00010/240.86 mi-3
£80003/250.86 mi-3
£80003/250.86 mi-3
£57512/240.95 miSunny Terrace, Stanley, Co. Durham, DH93
£60008/231.04 mi-3
£62512/241.06 mi-3
£69507/231.12 mi-3
£65012/241.16 miClavering Place, Stanley, County Durham, DH93
£90012/241.19 mi-3
£90012/241.19 mi-3
£80012/241.19 mi-3
£85003/251.19 mi-3
£75003/251.24 mi-3

Local Area Statistics

Population in DH9

36,673

Nearest school

0.70 miles away

Nearest train station

5.53 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+3%

Sales demand

Seller's market

Capital growth (5yrs)

+8%

Property History

Listed for £230,000

March 27, 2025

Floor Plans

Description

  • Guide Price £240,000 - £230,000 +
  • Three/Five Bedrooms (Two Not to Building Regs) +
  • Opportunity for Refurbishment & Modernisation +
  • Two Spacious Reception Rooms with Feature Fireplaces +
  • Well-Appointed Kitchen & Utility Room +
  • Four Piece Bathroom & Downstairs WC +
  • Detached Garage with Electric Roller Door +
  • Foregarden & Rear Yard with Storage Space +
  • Section of Land Including with Potential for Landscaping/Development (STPP) +
  • Close to Amenities, Schools, Green Spaces & Transport Links +

A three bedroom mid terraced house offering spacious and versatile accommodation across three storeys with two additional bedrooms to the top floor (not to building regulations). The property boasts a number of character features exuding its charm such as high ceilings and feature fireplaces, but it does require some refurbishment making it a blank canvas for ample modernisation and potential reconfiguration, therefore making it an ideal purchase for first time buyers and investors. Internally and to the ground floor the property comprises an entrance porch leading to a hall with stairs to the first floor landing, a spacious and cosy front facing lounge with a feature fireplace, a generous dining/family room offering plenty of space for furniture with a rear aspect window and a feature fireplace, a well-appointed kitchen, a rear lobby leading to the rear yard, a useful utility room and a WC. To the first floor there are three bedrooms, two of which are large doubles and a single, and a four piece bathroom suite. To the second floor there are a further two bedrooms (not to building regs), both of which are double sized with Velux skylight windows. Externally the property benefits from a detached garage with an electric roller door, a gated foregarden with shrubs, a spacious yard with outdoor storage space and a generous lawned area of land providing potential for landscaping or development (STPP). The property is located in a convenient position close to local shops, amenities, green spaces, walking routes and both road and public transport links. ADDITIONAL INFORMATION: Council Tax Band: A Local Authority: Durham Early viewing is highly recommended due to the property being realistically priced. Disclaimer: These particulars, whilst believed to be accurate are set out as a general guideline and do not constitute any part of an offer or contract. Intending Purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. Please note that we have not tested any apparatus, equipment, fixtures, fittings or services including gas central heating and so cannot verify they are in working order or fit for their purpose. Furthermore, Solicitors should confirm moveable items described in the sales particulars and, in fact, included in the sale since circumstances do change during the marketing or negotiations. Although we try to ensure accuracy, if measurements are used in this listing, they may be approximate. Therefore if intending Purchasers need accurate measurements to order carpeting or to ensure existing furniture will fit, they should take such measurements themselves. Photographs are reproduced general information and it must not be inferred that any item is included for sale with the property. TENURE To be confirmed by the Vendor’s Solicitors POSSESSION Vacant possession upon completion VIEWING Viewing strictly by appointment through The Express Estate Agency

Agent Details

Express Estate Agency, Nationwide

03330 165458

Next Steps?

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

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