4 Bedroom Town House For Sale in Stanley, DH9
| Price | £ 155,000 |
| Reference | 54199 |
| Address |
The Courtyard, Craghead, Stanley, DH9 (Map Location) |
| Beds | 4 |
| Baths | 3 |
| Type | Town house |
| Tenure | Freehold |
£213,000 OnTheMarket Online Valuation – Offers Over £155,000! 4-bed freehold semi-detached BTL in Stanley. £58,000 valuation gap (27.2%). Tenant in situ since 2018, remaining after sale. £695 pcm current rent (5.38% gross yield). Estimated market rent £1,075 pcm – potential 8.32% gross yield and £4,560 annual rental uplift. Sourcing Fee: £5,000.
Description
4-Bedroom Semi-Detached Investment Property – Stanley, County Durham
Offers Invited in Excess of £155,000
Sourcing Fee: £5,000
Stated OnTheMarket Online Valuation: £213,000
Key Investment Features
£58,000 Difference Against Stated Online Valuation – asking price approximately 27.2% below the £213,000 valuation indicated by the OnTheMarket online valuation tool.
Potential 8.32% Gross Rental Yield – based on the estimated market rent of £1,075 pcm and a purchase price of £155,000.
Current Rental Income of £695 PCM – generating £8,340 per annum, equivalent to a current gross yield of approximately 5.38%.
Potential Rental Uplift of £380 PCM – estimated additional rental income of £4,560 annually, subject to achieving the estimated market rent.
Approximately 54.7% Potential Rental Increase** – based on the difference between the existing rent and estimated market rent.
Established Tenant in Situ Since December 2018** – tenant remaining following completion, with no reported rental arrears.
Four-Bedroom Semi-Detached Freehold Property** – offering substantial family accommodation.
Family Bathroom, Two En-Suite Facilities and Ground-Floor WC** – providing flexible accommodation across the property.
Existing Managed Buy-to-Let Investment** – currently managed by AMRP Relocations.
Comparable Property Evidence Available** – including historical sales within The Courtyard and advertised four-bedroom properties elsewhere in Stanley.
Investment Overview
An opportunity to acquire an established, income-producing four-bedroom semi-detached freehold property in Stanley, County Durham, with offers invited in excess of £155,000.
The property is being marketed with buy-to-let investors and portfolio landlords particularly in mind, offering an existing tenancy, established rental income and the potential for future rental growth.
A particularly interesting feature is the difference between the asking price and the £213,000 valuation indicated by the OnTheMarket online valuation tool.
At £155,000, this represents a difference of £58,000, or approximately 27.2% against the stated online valuation.
The online valuation is an automated estimate rather than a formal surveyor's valuation. Purchasers should satisfy themselves as to the property's current market value through their own independent investigations.
Property Description
Situated within The Courtyard in Stanley, this four-bedroom semi-detached property is offered for sale on a freehold basis.
The accommodation includes four bedrooms, a family bathroom, two en-suite facilities and a ground-floor WC.
The property benefits from gas central heating and is currently occupied by an established tenant.
Tenancy and Rental Position
The property has been tenanted since 5 December 2018, with the existing tenant remaining in occupation following completion of the sale.
The current contractual rent is £695 per calendar month, equivalent to £8,340 annually.
No rental arrears have been reported in the supplied property information.
The estimated current market rental value is £1,075 per calendar month, equivalent to £12,900 annually.
This suggests potential for a rental increase of £380 per month, representing approximately £4,560 in additional annual gross rental income.
Any future rental increase would be subject to the existing tenancy, applicable legislation, property condition and confirmation of achievable market rent.
Investment Numbers
Purchase Price: Offers Invited in Excess of £155,000
Sourcing Fee: £5,000
Stated Online Valuation:£213,000
Difference Against Online Valuation: £58,000 (approximately 27.2%)
Current Monthly Rent:£695
Current Annual Rent: £8,340
Current Gross Yield: Approximately 5.38%
Estimated Market Rent: £1,075 pcm
Potential Annual Rent: £12,900
Potential Gross Yield: Approximately 8.32%
Potential Annual Rental Uplift: £4,560
All yields are calculated against a purchase price of £155,000, before sourcing fees, acquisition costs, finance, management, maintenance, taxation and other expenditure. Offers above £155,000 would produce correspondingly lower gross yields.
Comparable Property Information
The supplied investment information identifies previous four-bedroom property sales within The Courtyard, including a semi-detached property at £200,000 in November 2019 and another four-bedroom property at £180,000 in November 2021.
Additional advertised four-bedroom properties elsewhere in Stanley have been identified with asking prices ranging from £240,000 to £260,000.
These examples provide useful reference points, although differences in property condition, specification, location, tenancy status and transaction dates must be considered.
Purchasers should undertake their own valuation investigations rather than relying solely upon advertised comparables or automated valuation estimates.
Tenure and Property Information
Tenure: Freehold
Property Type:Semi-Detached
Bedrooms: Four
Bathrooms: Family bathroom and two en-suites
Additional Facilities: Ground-floor WC
Heating: Gas Central Heating
Current Use: Residential Buy-to-Let
Tenancy: Tenant in situ, remaining following completion
EPC: Previously recorded as D (68). The supplied certificate expired in November 2024; current certification status requires confirmation.
Gas Safety Certificate: Expiry recorded as June 2027
Electrical Installation Condition Report: Expiry recorded as September 2027
Certificate details and current compliance documentation should be independently verified.
Viewing and Further Information
The property is offered with the existing tenant remaining following completion and may be of interest to investors seeking an established rental property with potential for future rental growth.
The stated online valuation, existing rental income and estimated market rent provide several areas for further investment appraisal.
Interested purchasers are encouraged to review the tenancy documentation, current property condition, supporting comparable evidence and achievable rental value before submitting an offer.
Offers Invited in Excess of £155,000
Sourcing Fee: £5,000
Contact the agent for further property information or to arrange a viewing.
View the EPC for this property