2 Bed Semi-Detached House, Single Let, Consett, DH8 8AG, £67,950

Welford Road, Consett, DH8 8AG - 2 views - a year ago

Sold STC
BTL
ROI: 11%
~55 m²
+9 photos

ValuationOvervalued

Sold Prices£45K - £155K
Sold Prices/m²£639/m² - £2.3K/m²

 

 

Square Metres

~55.47 m²
Price/m²£1.2K/m²

Value Estimate

£65,168

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£16,988

Stamp Duty & Legal Fees

£3,239

Total Cash In

£20,226

 

 

Cash Out

 

Rent Range

£475 - £900

Rent Estimate

£525

Running Costs/mo

£337

Cashflow/mo

£188

Cashflow/yr

£2,252

ROI

11%

Gross Yield

9%

Local Sold Prices

31 sold prices from £45K to £155K, average is £87.5K. £639/m² to £2.3K/m², average is £1.2K/m².

PriceDateDistanceAddressBeds 
£50K10/210.05 mi38, Welford Road, Consett, County Durham DH8 8AH2
£78K01/210.09 mi10, Pemberton Avenue, Consett, Durham DH8 8AN2
£104K06/230.2 mi20, Arkless Grove, The Grove, Consett, County Durham DH8 8AB2
£120K04/210.29 mi11, Selby Gardens, Consett, Durham DH8 8AS2
£58K05/230.57 mi73, Dunelm Road, Consett, County Durham DH8 8HR2
£105K08/210.78 mi66, Romany Drive, Consett, Durham DH8 5XL2
£88K10/210.81 mi5, Dale Court, Consett, Durham DH8 5DJ2
£125K02/210.81 mi19, Spiro Court, Templetown, Consett, County Durham DH8 7NL2
£75K03/210.81 mi36, Spiro Court, Templetown, Consett, County Durham DH8 7NL2
£78.5K12/200.82 mi21, Spiro Court, Templetown, Consett, County Durham DH8 7NL2
£155K06/230.82 mi41, Spiro Court, Templetown, Consett, County Durham DH8 7NL2
£126K05/230.82 mi3, Georgia Court, Consett, County Durham DH8 5XN2
£120K05/230.83 mi49, Berry Edge Road, Consett, County Durham DH8 5DS2
£72.5K09/210.83 mi58, Berry Edge Road, Consett, Durham DH8 5DS2
£105K04/230.83 mi39, Berry Edge Road, Consett, County Durham DH8 5DS2
£115K05/210.84 mi52, Stuart Court, Consett, Durham DH8 5GA2
£117K11/200.85 mi6, Wesley Terrace, Consett, Durham DH8 9QB2
£110K02/210.87 mi5, Park Terrace, Castleside, Consett, Durham DH8 9QF2
£50.5K03/230.88 mi27, Knitsley Gardens, Consett, County Durham DH8 7NR2
£48K05/230.88 mi21, Knitsley Gardens, Consett, County Durham DH8 7NR2
£66K02/210.91 mi2, Alexandra Street, Consett, Durham DH8 5DR2
£49K12/200.91 mi20, Alexandra Street, Consett, Durham DH8 5DR2
£88K11/200.92 mi35, Constance Street, Consett, Durham DH8 5DU2
£87.5K11/210.93 mi54, Edith Street, Consett, Durham DH8 5DN2
£75K07/210.93 mi37, Edith Street, Consett, County Durham DH8 5DN2
£88K01/230.93 mi38, Edith Street, Consett, County Durham DH8 5DN2
£50K01/210.96 mi6, Unsworth Gardens, Consett, County Durham DH8 5RX2
£110K12/220.97 mi18, Temple Forge Mews, Consett, County Durham DH8 5RZ2
£45K04/210.99 mi4, Steel Street, Consett, Durham DH8 5EF2
£86K10/200.99 mi3, Steel Street, Consett, Durham DH8 5EF2
£76K04/211 mi1, Kelvin Gardens, Consett, County Durham DH8 5RU2

Local Rents

27 rents from £475/mo to £900/mo, average is £600/mo.

RentDateDistanceAddressBeds 
£65012/240.14 miArkless Grove, The Grove, Consett, Durham, DH8 8AB2
£55012/240.15 miPriestman Avenue, The Grove, Consett, Durham, DH82
£65011/240.6 mi-2
£67510/240.72 mi-2
£60012/240.74 mi-2
£60012/240.81 miThe Green, Consett, County Durham, DH82
£60012/240.86 mi-2
£47512/240.86 mi-2
£55012/240.87 miConstance Street, Consett, County Durham, DH82
£60001/250.88 mi-2
£55012/240.88 miKnitsley Gardens, Consett2
£55012/240.89 mi-2
£72012/240.92 mi-2
£60012/240.96 mi-2
£52503/251.04 mi-2
£70012/241.11 mi-2
£70003/251.11 mi-2
£70012/241.11 miDerwent Mews, Blackhill, Consett, DH82
£60012/241.13 mi-2
£90012/241.17 mi-2
£47512/241.17 mi-2
£50012/241.18 miBeverley Gardens, Consett, County Durham, DH82
£52512/241.19 miSouthernwood, Consett2
£74503/251.2 mi-2
£55012/241.2 mi-2
£60012/241.21 mi-2
£62512/241.22 miRosemary Close, Consett2

Local Area Statistics

Population in DH8

38,324

Population in Consett

38,379

Town centre distance

0.98 miles away

Nearest school

0.20 miles away

Nearest train station

7.50 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+9%

Sales demand

Seller's market

Capital growth (5yrs)

+14%

Property History

Listed for £67,950

December 21, 2023

Floor Plans

Description

  • NO ONWARD CHAIN +
  • IDEAL INVESTMENT OPPORTUNITY +
  • SEMI DETACHED +
  • TWO BEDROOMS +
  • GARDEN TO THREE SIDES +

Hunters are delighted to welcome to the market this two bedroom semi detached home offered to the market with no onward chain, this property would make the perfect investment opportunity with a potential yield of 10%.

Briefly the property comprises of entrance lobby with stairs leading to the first floor, to the front a door leading to the lounge with french doors leading to the garden, to the right of the lobby is a door leading into the kitchen/ diner.

To the first floor is a double bedroom to the rear and the second double bedrooms and family bathroom.

Externally the property has an extensive garden to three sides, to the rear of the property is a block paved patio area.

* NO ONWARD CHAIN *
* PERFECT INVESTMENT OPPORTUNITY *
Semi Detached, Lounge, Kitchen/ Diner, TWO Bedrooms, Bathroom.
GARDEN to three sides.

Agent Details

Hunters, Consett

01207 265957

Next Steps?

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