2 Bed Terraced House, Single Let, DH9 0PD, £49,995

Ridley Street, Stanley, DH9 0PD - 4 views - 22 days ago

BTL
ROI: 12%
~68 m²
+12 photos

ValuationUndervalued

Sold Prices£32.8K - £140K
Sold Prices/m²£395/m² - £2.4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£734/m²

Value Estimate

£59,994
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£12,499

Stamp Duty & Legal Fees

£3,700

Total Cash In

£16,199

 

 

Cash Out

 

Rent Range

£420 - £675

Rent Estimate

£421

Running Costs/mo

£260

Cashflow/mo

£161

Cashflow/yr

£1,927

ROI

12%

Gross Yield

10%

Local Sold Prices

50 sold prices from £32.8K to £140K, average is £72.3K. £395/m² to £2.4K/m², average is £1K/m².

PriceDateDistanceAddressBeds 
£80K04/230.02 mi37, Ridley Street, Stanley, County Durham DH9 0PD2
£56K02/210.02 mi28, Ridley Street, Stanley, Durham DH9 0PD2
£32.8K01/210.1 mi107, John Street, Beamish, Stanley, County Durham DH9 0QP2
£55K11/200.14 mi10, Catherine Terrace, Shield Row, Stanley, Durham DH9 0EH2
£55K11/200.15 mi12, Ernest Terrace, Stanley, Durham DH9 0EQ2
£54K10/210.15 mi16, Sylvia Terrace, Stanley, Durham DH9 0EG2
£54K10/210.15 mi16, Sylvia Terrace, Stanley, Durham DH9 0EG2
£53K05/230.15 mi9, Sylvia Terrace, Stanley, County Durham DH9 0EG2
£132.5K03/230.21 mi6, East Parade, Stanley, County Durham DH9 0PS2
£90K10/200.21 mi13, Watson Street, Stanley, County Durham DH9 0ES2
£100K05/210.23 mi6, The Barns, Stanley, Durham DH9 8BN2
£88K03/210.24 mi25, Newburn Road, Stanley, County Durham DH9 0EX2
£66K06/230.28 mi2, West View Gardens, Stanley, County Durham DH9 8AR2
£85K07/210.33 mi76, Newburn Road, Stanley, County Durham DH9 0HJ2
£71K06/210.33 mi95, Newburn Road, Stanley, County Durham DH9 0HJ2
£75K04/210.33 mi75, Newburn Road, Stanley, County Durham DH9 0HJ2
£100K06/230.43 mi23, Betjeman Close, Stanley, County Durham DH9 6UD2
£87.5K04/230.47 mi20, Constable Close, Stanley, County Durham DH9 6TE2
£80K11/210.49 mi11, Kipling Close, Stanley, Durham DH9 6UA2
£83K04/210.51 mi10, Bede Close, Stanley, County Durham DH9 0TZ2
£70K02/230.53 mi53, Wear Road, Stanley, County Durham DH9 6HL2
£66K02/210.53 mi51, Wear Road, Stanley, County Durham DH9 6HL2
£84K04/210.56 mi14, Milton Close, Stanley, County Durham DH9 6UB2
£68K02/230.57 mi8, Wansbeck Avenue, Stanley, County Durham DH9 6HR2
£35K11/200.57 mi10, Spen Street, Stanley, Durham DH9 7NJ2
£62.5K11/200.58 mi11, Walton Close, Stanley, Durham DH9 6TH2
£97.5K11/220.58 mi14, Wansbeck Avenue, Stanley, County Durham DH9 6HR2
£63K08/210.59 mi18, Coates Close, Stanley, Durham DH9 6XA2
£78K12/200.59 mi27, Wansbeck Avenue, Stanley, County Durham DH9 6HS2
£83K11/200.62 mi26, Wansbeck Avenue, Stanley, Durham DH9 6HY2
£63.5K01/230.62 mi44, Spen Street, Stanley, County Durham DH9 7NJ2
£83K04/210.62 mi4, Sidney Close, Stanley, County Durham DH9 6UH2
£71.5K03/210.63 mi4, Engels Terrace, Stanley, County Durham DH9 6QG2
£72.5K06/230.63 mi2, Valley Close, South Stanley, Stanley, County Durham DH9 6HQ2
£63K12/220.63 mi2, Garden Terrace, Stanley, County Durham DH9 7NP2
£81.8K02/230.65 mi9, Evelyn Terrace, Stanley, County Durham DH9 7RN2
£70K08/210.66 mi1, Joseph Street, Stanley, Durham DH9 7NS2
£77.5K06/230.66 mi5, Joseph Street, Stanley, County Durham DH9 7NS2
£50K11/200.67 mi24, Joseph Street, Stanley, Durham DH9 7NS2
£48.3K12/200.68 mi26, Tweed Terrace, Stanley, Durham DH9 6JN2
£86K03/230.68 mi24, Tweed Terrace, Stanley, County Durham DH9 6JN2
£73.5K02/230.75 mi79, Eastfields, Stanley, County Durham DH9 7DN2
£62K01/210.75 mi89, Eastfields, Stanley, Durham DH9 7DN2
£72K11/210.75 mi33, Tyne Road East, Stanley, Durham DH9 6NF2
£63K03/230.75 mi82, Eastfields, Stanley, County Durham DH9 7DN2
£53.5K12/200.75 mi9, Malvern Terrace, Stanley, County Durham DH9 6QW2
£140K12/210.76 mi8, Beamish View, Stanley, County Durham DH9 0XB2
£115K11/200.77 mi30, Pea Road, Stanley, County Durham DH9 7RG2
£125K06/230.79 mi34, Kinross Drive, Stanley, County Durham DH9 6UT2
£107K05/210.79 mi36, Kinross Drive, Stanley, Durham DH9 6UT2

Local Rents

23 rents from £420/mo to £675/mo, average is £550/mo.

RentDateDistanceAddressBeds 
£52512/240.03 mi-2
£57512/240.07 miChurch Street, Stanley, County Durham, DH92
£50012/240.15 mi-2
£55012/240.15 miSylvia Terrace, Stanley2
£59512/240.19 miBelle Street, Stanley, DH92
£57512/240.58 miWear Road, Stanley, County Durham, DH92
£60012/240.88 miOrwell Gardens, Stanley, Durham, DH92
£55012/240.91 miBircham Street, South Moor, Stanley, DH92
£42012/240.92 miPark Road, Stanley, County Durham, DH92
£53502/250.94 mi-2
£59512/240.96 miHollyhill Gardens, Stanley, DH92
£55004/250.97 mi-2
£55012/240.99 miOliver Street, Stanley, Durham, DH9 7AQ2
£50003/251 mi-2
£45001/251.01 mi-2
£55002/251.05 mi-2
£67512/241.1 miKielder Drive, The Middles, Stanley, County Durham, DH92
£65004/251.13 mi-2
£55004/251.14 mi-2
£55012/241.14 miPoplar Street, Stanley, County Durham, DH92
£50001/251.19 mi-2
£42512/241.2 mi-2
£49012/241.21 miPoplar Street, Stanley, County Durham, DH92

Local Area Statistics

Population in DH9

36,673

Nearest school

0.20 miles away

Nearest train station

4.78 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+3%

Sales demand

Seller's market

Capital growth (5yrs)

+8%

Property History

Listed for £49,995

April 3, 2025

Floor Plans

Description

Sylvester Properties are delighted to welcome to the sales market this two bedroom mid terraced property located on Ridley Street, just a stones throw away from Stanley centre. This property is being sold with the added benefit of no chain, and would make an ideal first time buy or investment opportunity.

This home is in need of modernization throughout, comprising of; to the ground floor, an entrance hallway, lounge and kitchen / diner. To the first floor are two bedrooms alongside a bathroom. Externally, there is a spacious and enclosed yard to the rear of the property.
To note, this property is currently heated via electric radiators throughout.

Agent Details

Sylvester Properties, Stanley

01202 145447

Next Steps?

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