2 Bed Terraced House, Cash/Bridging Only, DH9 7SH, £66,500

William Street, Annfield Plain, Stanley, DH9 7SH - 11 days ago

Cash
ROI: 5%
~68 m²
+12 photos

ValuationOvervalued

Sold Prices£37K - £200K
Sold Prices/m²£398/m² - £2.3K/m²

 

 

Square Metres

~68.11 m²
Price/m²£976/m²

Value Estimate

£51,846

 

 

End Value (After Refurb)

£72,534

Uplift in Value

+9%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£16,625

Stamp Duty & Legal Fees

£4,525

Refurb Costs

£26,271

Bridging Loan Interest

£1,746

Total Cash In

£50,917

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£72,534

Mortgage (After Refinance)

£54,400

Mortgage LTV

75%

Cash Released

£4,525

Cash Left In

£46,392

Equity

£18,133

Rent Range

£475 - £625

Rent Estimate

£553

Running Costs/mo

£357

Cashflow/mo

£196

Cashflow/yr

£2,349

ROI

5%

Gross Yield

10%

Local Sold Prices

31 sold prices from £37K to £200K, average is £60K. £398/m² to £2.3K/m², average is £761/m².

PriceDateDistanceAddressBeds 
£51K08/210 mi3, William Street, Annfield Plain, Stanley, County Durham DH9 7SH2
£43K12/200.02 mi12, Mary Street, Annfield Plain, Stanley, County Durham DH9 7SJ2
£51.5K08/230.02 mi13, Mary Street, Annfield Plain, Stanley, County Durham DH9 7SJ2
£60K05/210.04 mi12, Elizabeth Street, Stanley, Durham DH9 7SW2
£60K05/210.05 mi12, Elizabeth Street, Stanley, Durham DH9 7SW2
£70K09/210.21 mi20, Stanhope Gardens, Stanley, County Durham DH9 8QG2
£54K06/210.22 mi23, Hawthorn Terrace, Stanley, Durham DH9 7TL2
£65K06/210.23 mi16, Prospect Terrace, Stanley, Durham DH9 7TR2
£75K12/220.29 mi45, Clavering Place, Stanley, County Durham DH9 7XD2
£56K04/230.29 mi11, Clavering Place, Stanley, County Durham DH9 7XD2
£48K06/230.29 mi42, Clavering Place, Stanley, County Durham DH9 7XD2
£61.8K06/210.3 mi11, Wolsingham Terrace, Stanley, County Durham DH9 8QJ2
£37K12/200.32 mi3, Wesley Terrace, Stanley, Durham DH9 8QL2
£63.5K01/230.33 mi18, Wesley Terrace, Stanley, County Durham DH9 8QL2
£42K02/210.33 mi21, Wesley Terrace, Stanley, County Durham DH9 8QL2
£50K06/210.38 mi8, Mulberry Terrace, Stanley, Durham DH9 7JH2
£50K09/210.38 mi7, Mulberry Terrace, Stanley, County Durham DH9 7JH2
£76.5K03/210.43 mi19, Ryde Terrace, Stanley, Durham DH9 8HQ2
£55.8K07/230.44 mi6, Church Street, Catchgate, Stanley, County Durham DH9 8HE2
£88K01/230.47 mi12, Jubilee Terrace, Stanley, County Durham DH9 7JJ2
£73K03/210.51 mi15, Windsor Drive, Stanley, Durham DH9 8SP2
£200K10/220.53 mi37, Windsor Drive, Stanley, County Durham DH9 8SR2
£150K11/200.55 mi4, Oxhill Villas, Stanley, Durham DH9 7JT2
£120K12/220.57 mi1, Oxhill Villas, Stanley, County Durham DH9 7JT2
£50K02/210.62 mi2, Duke Street, Stanley, County Durham DH9 8SF2
£85K01/230.64 mi17, Fairview Terrace, Stanley, County Durham DH9 8NR2
£92.5K03/230.64 mi18, Fairview Terrace, Stanley, County Durham DH9 8NR2
£73K03/210.67 mi10, Pontop Terrace, Stanley, County Durham DH9 8NS2
£61.8K04/230.71 mi5, Westview Terrace, Stanley, County Durham DH9 8NU2
£53.5K02/230.79 mi24, Harperley Gardens, Stanley, County Durham DH9 8RZ2
£52K08/210.97 mi46, Mitchell Street, South Moor, Stanley, Durham DH9 7BQ2

Local Rents

12 rents from £475/mo to £625/mo, average is £550/mo.

RentDateDistanceAddressBeds 
£55001/250.05 mi-2
£55012/240.11 miMitchell Street, Annfield Plain, Stanley, County Durham, DH92
£55012/240.22 miHawthorn Terrace, New Kyo, Stanley2
£62503/250.3 mi-2
£55012/240.32 miCatherine Terrace, New Kyo, Stanley2
£57512/240.37 mi-2
£60012/240.39 miHamsterley Gardens, Annfield Plain, Stanley2
£49512/240.47 miUnity Terrace, Stanley2
£47512/240.47 miCoronation Terrace, Stanley, Durham, DH92
£59510/240.47 mi-2
£55012/240.54 mi-2
£52512/240.59 mi-2

Local Area Statistics

Population in DH9

36,673

Nearest school

0.10 miles away

Nearest train station

6.20 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+3%

Sales demand

Seller's market

Capital growth (5yrs)

+8%

Property History

Listed for £66,500

March 27, 2025

Floor Plans

Description

  • Extended stone-built two-bedroom home +
  • Prime location within walking distance of the town centre +
  • Recently redecorated with brand new carpets +
  • Offered with no onward chain +
  • Open-plan ground floor with spacious lounge and kitchen +
  • Two well-proportioned bedrooms and bathroom with separate shower +
  • Part-boarded loft with pull-down ladder +
  • Private, self-contained rear yard +
  • Gas combi central heating and full uPVC double glazing +
  • reehold, Council Tax Band A, EPC rating D (63), virtual tours available +

This extended, stone-built two-bedroom home is ideally situated within walking distance of the town centre. Recently redecorated throughout, with brand new carpets fitted, the property is offered for sale with no onward chain. The ground floor features an open-plan layout with a spacious lounge leading through to a kitchen. Upstairs, there are two well-proportioned bedrooms accessed from the landing, along with a bathroom that includes a separate shower. Additional benefits include a part-boarded loft with pull-down ladder and a private, self-contained rear yard. The property further benefits from gas combi central heating, full uPVC double glazing, and is rated Council Tax Band A. It is freehold and has an EPC rating of D (63). Virtual tours are available on our website. 

LOUNGE 15' 10" x 15' 8" (4.84m x 4.78m) uPVC double glazed entrance door, laminate flooring, painted wooden fire surround with marble inlay and hearth, inset living flame gas fire. Stairs to the first floor with storage cupboard beneath, uPVC double glazed window, central heating single radiator, coving, TV aerial point, satellite TV cables, and a large opening leading to the kitchen. 

KITCHEN 6' 9" x 7' 8" (2.07m x 2.35m) Fitted with a range of wall and base units with contrasting laminate worktops and upturns, tiled floor, integrated fan assisted electric oven/grill, four ring electric hob with illuminated extractor canopy over, stainless steel splash-back. Stainless steel sink with mixer tap, plumbed for a washing machine, space for a tall fridge/freezer, uPVC double glazed window, coving, wall mounted gas combi central heating boiler, uPVC rear exit door. 

FIRST FLOOR  

LANDING Loft access hatch with pull-down ladder, doors lead to the bedrooms and bathroom. 

BEDROOM 1 (TO THE FRONT) 10' 3" x 12' 4" (3.13m x 3.77m) Large built-in cupboard with hanging rail and shelf, uPVC double glazed window, central heating single radiator, coving and a telephone point. 

BEDROOM 2 (TO THE REAR) 6' 11" x 7' 8" (2.13m x 2.34m) uPVC double glazed window, central heating single radiator, coving and telephone point. 

BATHROOM 5' 5" x 9' 0" (1.66m x 2.76m) A white suite featuring a panelled bath, separate glazed cubicle with electric shower, wash basin with base storage, WC, fully tiled walls and floor, uPVC double glazed window, central heating single radiator, wall extractor fan and coving. 

EXTERNAL Self-contained yard to the rear. 

HEATING Gas fired central heating via combination boiler and radiators. 

GLAZING uPVC double glazing installed. 

ENERGY EFFICIENCY EPC rating D (63). Please speak to a member of staff for a copy of the full Energy Performance Certificate. 

TENURE We understand that the property is freehold. We would recommend that any purchaser has this confirmed by their legal advisor.  

COUNCIL TAX The property is in Council Tax band A. 

BROADBAND SPEEDS According to OfCom average download speed of the fastest package currently available at this postcode is Superfast 71 Mbs. Suitable for web & social, flawless video calls, 4K streaming and online gaming. We would recommend contacting a supplier to get the most accurate and up to date data. 

MOBILE PHONE COVERAGE EE (Excellent), Vodafone (Excellent), Three (Excellent), O2 (Excellent) 

VIEWINGS We have created a virtual tour which can be viewed on our YouTube channel, our website, property portals and our social media accounts such as Facebook, Twitter and Instagram. To arrange a viewing please contact the office.  

MAKING AN OFFER Please note that all offers will require financial verification including mortgage agreement in principle, proof of deposit funds, proof of available cash and full chain details including selling agents and solicitors down the chain. Under New Money Laundering Regulations we require proof of identification from all buyers before acceptance letters are sent and solicitors can be instructed. 

MORTGAGE ADVICE We have independent mortgage advisers within our branch, who will search the whole market to find the best suitable mortgage and help you progress through the process. Contact our office to arrange a telephone or office appointment.  

AGENTS NOTE Whilst we endeavour to make our particulars accurate and reliable, they should not be relied on as a statement or representations of fact, and do not constitute any part of an offer or contract. The owner does not make or give, nor do we or our employees have authority to make or give any representation or warranty in relation to the property. We have not checked or tested any appliances mentioned (including heating systems or electrical fittings) therefore working order cannot be confirmed. All measurements are given to the nearest 5cm.

Agent Details

David Bailes, Stanley

01207 265903

Next Steps?

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