3 Bed Terraced House, Single Let, Consett, DH8 7LL, £99,950

Gloucester Road, Consett, Durham, DH8 7LL - a year ago

Sold STC
BTL
ROI: 9%
~93 m²
+5 photos

ValuationUndervalued

Sold Prices£62K - £231K
Sold Prices/m²£597/m² - £2.1K/m²

 

 

Square Metres

~93 m²
Price/m²£1.1K/m²

Value Estimate

£123,938
BMV24%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£24,988

Stamp Duty & Legal Fees

£6,198

Total Cash In

£31,185

 

 

Cash Out

 

Rent Range

£695 - £2,850

Rent Estimate

£697

Running Costs/mo

£472

Cashflow/mo

£225

Cashflow/yr

£2,703

ROI

9%

Gross Yield

8%

Local Sold Prices

50 sold prices from £62K to £231K, average is £116.3K. £597/m² to £2.1K/m², average is £1.4K/m².

PriceDateDistanceAddressBeds 
£104K02/230.06 mi24, Gloucester Road, Consett, County Durham DH8 7LL3
£77K03/210.06 mi22, Gloucester Road, Consett, County Durham DH8 7LL3
£62K02/210.07 mi28, Fairfield, Consett, County Durham DH8 7HA3
£65K02/230.07 mi8, Fairfield, Consett, County Durham DH8 7HA3
£70K10/210.12 mi41, Berksyde, Consett, County Durham DH8 7LJ3
£70K01/210.14 mi50, Old Hall Road, Consett, County Durham DH8 7HU3
£107K06/230.14 mi56, Old Hall Road, Consett, County Durham DH8 7HU3
£95K10/210.2 mi71, Castledene Road, Consett, County Durham DH8 7HH3
£80K12/200.21 mi57, Iveston Road, Consett, County Durham DH8 7HR3
£88.3K05/230.23 mi18, Third Street, Crookhall, Consett, County Durham DH8 7LT3
£65K03/210.26 mi7, Pontop View, Consett, County Durham DH8 7JB3
£170K02/230.29 mi4, Horton Close, Consett, County Durham DH8 7EN3
£159K02/210.3 mi4, Bainbridge Close, Consett, Durham DH8 7EG3
£204K06/230.3 mi34, Grassholme Close, Consett, County Durham DH8 7UL3
£231K08/230.3 mi14, Grassholme Close, Consett, County Durham DH8 7UL3
£69K03/230.3 mi8, Shafto Close, Consett, County Durham DH8 7JD3
£175K09/210.31 mi87, Redmire Drive, Consett, County Durham DH8 7EL3
£72.5K12/200.31 mi117, Castledene Road, Consett, County Durham DH8 7HL3
£180K01/210.32 mi17, Redmire Drive, Consett, Durham DH8 7EL3
£214.5K02/230.32 mi14, Middleton Close, Consett, County Durham DH8 7UQ3
£170K12/220.32 mi80, Holwick Close, Consett, County Durham DH8 7UJ3
£200K11/220.33 mi19, Middleton Close, Consett, County Durham DH8 7UQ3
£69K10/210.35 mi39, Woody Close, Consett, County Durham DH8 7HN3
£127.1K03/210.35 mi20, Deepdale Drive, Consett, County Durham DH8 7EH3
£138K05/230.35 miSunnybrae, Delves Lane, Consett, County Durham DH8 7ER3
£145K02/230.36 mi39, Askrigg Close, Consett, County Durham DH8 7EF3
£100K03/210.38 mi8, West Parade, Consett, County Durham DH8 5RR3
£65K05/230.4 mi25, Taylor Street, Consett, County Durham DH8 5RS3
£105K01/210.4 mi10, Taylor Street, Consett, Durham DH8 5RS3
£75.5K01/230.4 mi18, Taylor Street, Consett, County Durham DH8 5RS3
£141K04/230.4 mi17, Meadow Rise, Consett, County Durham DH8 6NS3
£145K03/230.44 mi43, Chapel Drive, Delves Lane, Consett, County Durham DH8 7EW3
£90.5K07/210.46 mi30, Lumley Drive, Consett, Durham DH8 7DS3
£95K02/230.46 mi133, Castledene Road, Consett, County Durham DH8 7DZ3
£97K12/200.48 mi21, Southernwood, Consett, Durham DH8 6GD3
£117K06/230.48 mi6, Palmerston Street, Consett, County Durham DH8 5RF3
£122.5K09/210.51 mi63, Langdon Close, Consett, Durham DH8 7NG3
£115.5K12/200.51 mi43, Langdon Close, Consett, Durham DH8 7NG3
£140K01/230.52 mi8, Cardoon Road, Consett, County Durham DH8 6GG3
£130K03/230.52 mi12, Cardoon Road, Consett, County Durham DH8 6GG3
£135K01/230.55 mi30, Gladstone Street, Consett, County Durham DH8 6AQ3
£105K03/210.55 mi9, Ash Grove, Consett, Durham DH8 6EB3
£95.5K03/210.55 mi24, Lea Side, Consett, County Durham DH8 7AD3
£125K08/230.55 mi30, Lea Side, Consett, County Durham DH8 7AD3
£115K07/210.55 mi6, Park Avenue, Consett, County Durham DH8 6AS3
£142.3K02/230.57 mi101, Greenways, Consett, County Durham DH8 7DH3
£120K08/210.58 mi22, Steadings Court, Consett, Durham DH8 6GA3
£124K11/200.6 mi33, Ashdale Road, Consett, Durham DH8 6AU3
£178K02/230.64 mi162, Greenways, Consett, County Durham DH8 7DW3
£151.3K03/230.64 mi10, Oakdale Road, Consett, County Durham DH8 6AT3

Local Rents

12 rents from £695/mo to £2.9K/mo, average is £770/mo.

RentDateDistanceAddressBeds 
£2,85002/250.09 mi-3
£75012/240.16 mi-3
£79012/240.34 miDeepdale Drive, Consett, DH83
£79012/240.34 mi-3
£80012/240.35 mi-3
£79512/240.36 miAskrigg Close, Consett3
£90012/240.41 mi-3
£70012/240.44 miChapel Drive, Consett, DH83
£69501/250.44 mi-3
£72512/240.5 miSpiro Court, Consett, Durham, DH83
£69512/240.55 mi-3
£75012/240.61 miSteading Court, Consett3

Local Area Statistics

Population in DH8

38,324

Population in Consett

38,379

Town centre distance

0.79 miles away

Nearest school

0.30 miles away

Nearest train station

7.84 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+9%

Sales demand

Seller's market

Capital growth (5yrs)

+14%

Property History

Price changed to £99,950

November 1, 2024

Listed for £105,000

February 16, 2024

Floor Plans

Description

  • Three Bedroom End Terrace +
  • No Onward Chain +
  • Ideal for First Time Buyer +
  • Approximate Floor Area 81 Sq Mtrs/ 871 Sq Ft. +
  • Council Tax Band A +
  • EPC Rating C +

Offered to the market with no onward chain, this spacious three bedroom end terrace home provides and modern interior and would make an ideal first time purchase.

Internally, the property briefly comprises of an entrance hallway, lounge, open plan kitchen/diner with ample wall and base units, three well proportioned bedrooms and a stylish bathroom. Externally there are gardens to the front and rear of the home.

Gloucester Road is located at the top of Delves Lane and is less than one mile from Consett Town Centre. Excellent transport links are located close by for commuting to the regional cities of Durham and Newcastle which are around 13 and 15 miles away respectively

IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.

QCO230271/2

Agent Details

YOUR MOVE Chris Stonock, Consett

01207 265949

Next Steps?

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