2 Bed Terraced House, Single Let, Consett, DH8 0BQ, £60,000

Queens Road, Blackhill, Consett, DH8 0BQ - a year ago

Auction
BTL
ROI: 12%
~95 m²
+5 photos

ValuationUndervalued

Sold Prices£45K - £235K
Sold Prices/m²£643/m² - £2.3K/m²

 

 

Square Metres

~94.95 m²
Price/m²£632/m²

Value Estimate

£74,400
BMV24%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£15,000

Stamp Duty & Legal Fees

£4,200

Total Cash In

£19,200

 

 

Cash Out

 

Rent Range

£475 - £750

Rent Estimate

£503

Running Costs/mo

£308

Cashflow/mo

£195

Cashflow/yr

£2,339

ROI

12%

Gross Yield

10%

Local Sold Prices

50 sold prices from £45K to £235K, average is £88K. £643/m² to £2.3K/m², average is £1.3K/m².

PriceDateDistanceAddressBeds 
£96K04/230.07 mi43, Derwent Mews, Blackhill, Consett, County Durham DH8 8TU2
£110K05/230.07 mi40, Derwent Mews, Blackhill, Consett, County Durham DH8 8TU2
£132K12/220.07 mi32, Derwent Mews, Blackhill, Consett, County Durham DH8 8TU2
£80.8K05/230.07 mi49, Thomas Street, Blackhill, Consett, County Durham DH8 0AB2
£80K02/210.07 mi37, Thomas Street, Blackhill, Consett, County Durham DH8 0AB2
£65K06/230.07 mi57, Thomas Street, Blackhill, Consett, County Durham DH8 0AB2
£118K07/210.07 mi5, Moor View, Consett, Durham DH8 5TG2
£82K11/210.1 mi8, John Street, Blackhill, Consett, Durham DH8 0AD2
£93K08/210.1 mi24, John Street, Blackhill, Consett, Durham DH8 0AD2
£75.5K07/210.1 mi3, John Street, Blackhill, Consett, Durham DH8 0AD2
£85K01/230.11 mi43, George Street, Blackhill, Consett, County Durham DH8 0AE2
£88K10/210.15 mi6, Dixon Street, Consett, Durham DH8 5UE2
£48.5K04/210.15 mi8, Dixon Street, Consett, Durham DH8 5UE2
£90K01/210.15 mi1, St Aidans Place, Consett, County Durham DH8 5SU2
£101K06/230.17 mi12, St Aidans Street, Consett, County Durham DH8 5ST2
£75K09/210.17 mi12, St Aidans Street, Consett, Durham DH8 5ST2
£59K11/200.23 mi6, Park Street, Consett, Durham DH8 5UA2
£187K09/210.31 mi25, St Marys Crescent, Consett, Durham DH8 8PB2
£98.5K12/200.39 mi60, Cutlers Hall Road, Blackhill, Consett, County Durham DH8 8RG2
£120K08/230.4 mi6, Valley Gardens, Blackhill, Consett, County Durham DH8 8RQ2
£95K05/230.45 mi17, Cortland Road, Consett, County Durham DH8 8QD2
£133.5K02/230.46 mi48, Cutlers Hall Road, Blackhill, Consett, County Durham DH8 8RE2
£125K09/210.47 mi47, Cutlers Hall Road, Blackhill, Consett, Durham DH8 8RE2
£125K10/210.47 mi46, Cutlers Hall Road, Blackhill, Consett, Durham DH8 8RE2
£86K05/230.47 mi8, Chaytor Road, Consett, County Durham DH8 8QB2
£90K06/230.48 mi27, Chaytor Road, Consett, County Durham DH8 8QA2
£80K05/230.49 mi34, Aynsley Terrace, Consett, County Durham DH8 5NQ2
£85K11/200.5 mi14, St Cuthberts Avenue, Consett, County Durham DH8 0LR2
£170.5K09/210.53 mi49, Benfield Close, Consett, County Durham DH8 0RH2
£87.5K03/230.55 mi9, Barr Hills, Consett, County Durham DH8 5NB2
£62.5K04/210.55 mi9, Balfour Gardens, Consett, Durham DH8 5JL2
£71.5K12/220.55 mi4, Emma Street, Consett, County Durham DH8 5NP2
£90K07/210.55 mi9, Emma Street, Consett, Durham DH8 5NP2
£45K04/210.55 mi4, Steel Street, Consett, Durham DH8 5EF2
£86K10/200.55 mi3, Steel Street, Consett, Durham DH8 5EF2
£68K03/230.55 mi8, Allison Street, Consett, County Durham DH8 5JD2
£235K07/230.56 mi4, The Drive, Consett, County Durham DH8 0DL2
£107.5K11/200.57 mi284, Medomsley Road, Consett, County Durham DH8 5JP2
£126K05/230.58 mi3, Georgia Court, Consett, County Durham DH8 5XN2
£105K03/230.59 mi263, Medomsley Road, Consett, County Durham DH8 5JR2
£106K04/230.59 mi269, Medomsley Road, Consett, County Durham DH8 5JR2
£84K06/230.6 mi5, Bertha Street, Consett, County Durham DH8 5DZ2
£58K02/210.6 mi24, The Crescent, Bridgehill, Consett, County Durham DH8 8LB2
£105K08/210.61 mi66, Romany Drive, Consett, Durham DH8 5XL2
£115K05/210.64 mi52, Stuart Court, Consett, Durham DH8 5GA2
£65K04/230.64 mi116, Medomsley Road, Consett, County Durham DH8 5HS2
£88K11/200.72 mi35, Constance Street, Consett, Durham DH8 5DU2
£88K10/210.73 mi5, Dale Court, Consett, Durham DH8 5DJ2
£87.5K11/210.73 mi54, Edith Street, Consett, Durham DH8 5DN2
£75K07/210.73 mi37, Edith Street, Consett, County Durham DH8 5DN2

Local Rents

10 rents from £475/mo to £750/mo, average is £688/mo.

RentDateDistanceAddressBeds 
£70012/240.09 miDerwent Mews, Blackhill, Consett, DH82
£70012/240.09 mi-2
£70003/250.09 mi-2
£47512/240.15 mi-2
£60012/240.55 miEmma Street, Consett, Durham, DH82
£52503/250.55 mi-2
£50012/240.55 miBeverley Gardens, Consett, County Durham, DH82
£75012/240.56 mi-2
£75003/250.56 mi-2
£67510/240.58 mi-2

Local Area Statistics

Population in DH8

38,324

Population in Consett

38,379

Town centre distance

0.56 miles away

Nearest school

0.30 miles away

Nearest train station

6.57 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+9%

Sales demand

Seller's market

Capital growth (5yrs)

+14%

Property History

Price changed to £60,000

November 22, 2024

Price changed to £90,000

September 27, 2024

Listed for £100,000

January 24, 2024

Floor Plans

Description

  • Project +
  • End Terrace +
  • Vacant Possession +
  • Rear Yard / Driveway +
  • Close to Shops and Facilities +
  • Combination Boiler +
  • uPVC Double Glazing +

Available for Sale by Pubilc Online Auction

A double-fronted end terraced property with two reception rooms, situated on the popular Queens Road in Blackhill.

Available with no forward chain and vacant possession, the property has the benefit of uPVC double glazing, gas central heating with combination boiler and offers accommodation which includes, on the ground floor, a lobby, two large reception rooms and kitchen. On the first floor there are two good-size bedrooms and a large bathroom.

EPC Rating F Council Tax Band B

Situated at the higher part of Queens Road the property is within walking distance of Shotley Bridge hospital and is conveniently placed for local shops, schools and amenities within Blackhill and Shotley Bridge. The property is situated within two miles of Consett town centre which provides a more comprehensive range of shops and facilities.

Each auction property is offered at a guide price and is also subject to a reserve price. The guide price is the level where the bidding will commence. The reserve price is the sellers minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price, which may be up to 10% higher than the guide price, is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction. The successful buyer pays a £2000+vat (Total £2400) Auction Administration Fee. OPTION 1.

Agents Notes:
Freehold.
Mains Electric/Gas/Water & Drainage.
Flood Risk: Rivers & Seas = Very Low
Good Mobile coverage
Property being sold with probate. As at 16/01/2025 probate has not yet been applied for.

Agent Details

J W Wood, Consett

01207 265924

Next Steps?

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