3 Bed Terraced House, Single Let, Consett, DH8 5YF, £150,000

Richardson Way, Consett, County Durham, DH8 5YF - a year ago

Leasehold
BTL
ROI: 2%
~93 m²
+11 photos

ValuationOvervalued

Sold Prices£65K - £214K
Sold Prices/m²£597/m² - £2.1K/m²

 

 

Square Metres

~93 m²
Price/m²£1.6K/m²

Value Estimate

£111,246

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£37,500

Stamp Duty & Legal Fees

£9,200

Total Cash In

£46,700

 

 

Cash Out

 

Rent Range

£525 - £2,850

Rent Estimate

£698

Running Costs/mo

£628

Cashflow/mo

£70

Cashflow/yr

£836

ROI

2%

Gross Yield

6%

Local Sold Prices

50 sold prices from £65K to £214K, average is £109K. £597/m² to £2.1K/m², average is £1.2K/m².

PriceDateDistanceAddressBeds 
£138K03/230.11 mi43, Fenwick Way, Consett, County Durham DH8 5FD3
£135K05/230.14 mi20, Romany Drive, Consett, County Durham DH8 5XL3
£96K05/230.16 mi98, Fenwick Way, Consett, County Durham DH8 5FE3
£105K11/200.23 mi12, Generation Place, Consett, Durham DH8 5XT3
£180K11/200.23 mi42, Stuart Court, Consett, Durham DH8 5GA3
£155K07/210.23 mi53, Stuart Court, Consett, Durham DH8 5GA3
£95.5K12/200.27 mi10, Dale Court, Consett, Durham DH8 5DJ3
£135K02/230.31 mi62, Berry Edge Road, Consett, County Durham DH8 5DS3
£118.5K04/230.34 mi12, The Green, Consett, County Durham DH8 5BG3
£113K07/210.34 mi6, The Green, Consett, County Durham DH8 5BG3
£84K02/210.35 mi29, Laburnum Avenue, Consett, Durham DH8 5SZ3
£78K11/210.35 mi12, Roger Street, Consett, County Durham DH8 5SX3
£130K11/210.35 mi13, Roger Street, Consett, Durham DH8 5SX3
£214K06/210.48 mi30, Green Street, Consett, Durham DH8 5LP3
£88.5K05/210.49 mi6, Barr House Avenue, Consett, County Durham DH8 5NE3
£97.5K12/220.49 mi32, Dixon Street, Consett, County Durham DH8 5UE3
£80K08/210.5 mi31, Dixon Street, Consett, Durham DH8 5UE3
£101K04/210.5 mi9, Clarendon Street, Consett, Durham DH8 5LS3
£150K07/230.5 mi26, Laburnum Avenue, Consett, County Durham DH8 5TD3
£117K06/230.51 mi6, Palmerston Street, Consett, County Durham DH8 5RF3
£80.5K05/210.54 mi62, Arkless Grove, The Grove, Consett, County Durham DH8 8AB3
£125K01/210.54 mi37, Aynsley Terrace, Consett, Durham DH8 5NQ3
£137K12/210.55 mi135, Medomsley Road, Consett, County Durham DH8 5HL3
£91K03/210.55 mi3, Cragside Court, Consett, Durham DH8 8TG3
£150K07/230.57 mi5, Clarence Gardens, Consett, County Durham DH8 5TU3
£160K04/210.57 mi21, St Andrews Road, Consett, Durham DH8 8NX3
£78.5K10/210.58 mi16, High Ridge, Consett, County Durham DH8 8TJ3
£153.5K10/210.6 mi171, Medomsley Road, Consett, Durham DH8 5HU3
£75.5K01/230.6 mi18, Taylor Street, Consett, County Durham DH8 5RS3
£93K12/200.6 mi37, St Marys Crescent, Consett, County Durham DH8 8PA3
£76K10/210.6 mi185, Durham Road, Blackhill, Consett, County Durham DH8 5UQ3
£105K03/230.6 mi185, Durham Road, Blackhill, Consett, County Durham DH8 5UQ3
£65K05/230.6 mi25, Taylor Street, Consett, County Durham DH8 5RS3
£105K01/210.6 mi10, Taylor Street, Consett, Durham DH8 5RS3
£140K01/230.61 mi8, Cardoon Road, Consett, County Durham DH8 6GG3
£130K03/230.61 mi12, Cardoon Road, Consett, County Durham DH8 6GG3
£100K11/200.61 mi29, Thomas Street, Blackhill, Consett, Durham DH8 0AB3
£135K05/210.61 miCory House, Brockwell Lane, Consett, County Durham DH8 5UP3
£97K12/200.63 mi21, Southernwood, Consett, Durham DH8 6GD3
£100K03/210.63 mi8, West Parade, Consett, County Durham DH8 5RR3
£127.5K12/200.65 mi10, The Promenade, Consett, Durham DH8 5NJ3
£115K12/200.65 mi4, The Crescent, Consett, County Durham DH8 5JE3
£96K02/210.65 mi85, The Crescent, Consett, County Durham DH8 5JE3
£135K01/230.66 mi30, Gladstone Street, Consett, County Durham DH8 6AQ3
£126K03/210.67 mi6, George Street, Blackhill, Consett, County Durham DH8 0AE3
£135K04/210.67 mi28, George Street, Blackhill, Consett, Durham DH8 0AE3
£104.5K02/210.68 mi7, Chartwell Place, Consett, County Durham DH8 5JJ3
£100K05/230.7 mi37, Cedar Gardens, Consett, County Durham DH8 8AU3
£135K04/210.7 mi268, Medomsley Road, Consett, County Durham DH8 5JW3
£90K02/230.7 mi11, Chaytor Road, Consett, County Durham DH8 8QA3

Local Rents

21 rents from £525/mo to £2.9K/mo, average is £750/mo.

RentDateDistanceAddressBeds 
£75012/240.2 mi-3
£77003/250.2 mi-3
£71512/240.32 mi-3
£52504/250.35 mi-3
£99512/240.37 mi-3
£72503/250.43 mi-3
£77502/250.51 mi-3
£62512/240.59 mi-3
£72512/240.62 miSpiro Court, Consett, Durham, DH83
£72501/250.63 mi-3
£90012/240.66 mi-3
£72512/240.69 mi-3
£79501/250.7 mi-3
£69512/240.8 mi-3
£75012/240.96 miSteading Court, Consett3
£79512/241.01 miAskrigg Close, Consett3
£75012/241.08 mi-3
£2,85002/251.09 mi-3
£80012/241.1 mi-3
£79012/241.1 mi-3
£79012/241.1 miDeepdale Drive, Consett, DH83

Local Area Statistics

Population in DH8

38,324

Population in Consett

38,379

Town centre distance

0.32 miles away

Nearest school

0.30 miles away

Nearest train station

7.10 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+9%

Sales demand

Seller's market

Capital growth (5yrs)

+14%

Property History

Price changed to £150,000

February 20, 2025

Listed for £155,000

February 14, 2024

Floor Plans

Description

  • Two Parking Bays +
  • Three Bedrooms +
  • Lounge/Diner +
  • Built by Barratt in 2016 - Remainder of NHBC Warranty Popular Modern Estate +
  • Enclosed Rear Garden +
  • Close to Consett Town Centre +

An ideal first home with a generous garden and off-road parking for two cars, situated on a popular Barratt-built estate close to Consett town centre.

Built in 2016, the property has the benefit of uPVC double glazing, gas central heating and the remainder of the NHBC warranty. The accommodation comprises, on the ground floor: entrance hall, cloakroom, kitchen with integrated cooking appliances, large lounge dining room with French doors to an enclosed rear garden with patio area. To the first floor there are three bedrooms, and a bathroom. There is a bay to the front providing off-road parking and a further space to the rear.

EPC Rating C Council Tax Band B

Richardson Way is situated in the Berry Edge development, off Genesis Way, close to Consett retail park and along from the Tesco supermarket. The estate is comprised of various two, three and four-bedroomed houses, built on the site of the former Consett steelworks. Located close to the town centre, there are shops and amenities within walking distance while the leisure centre and Consett Academy secondary school are both approximately 1.5 miles away. There are local countrywide walks and cycle routes, and there is also a children's play area within the estate.

Tenure: Leasehold

Agent Details

J W Wood, Consett

01207 265924

Next Steps?

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