4 Bed Detached House, Cash/Bridging Only, Consett, DH8 7SP, £695,000





ValuationOvervalued
Sold Prices | £51K - £505K |
Sold Prices/m² | £580/m² - £3K/m² |
| |
Square Metres | ~129.26 m² |
Price/m² | £5.4K/m² |
Value Estimate | £230,816£230,816 |
| |
End Value (After Refurb) | £225,000£225,000 |
Investment Opportunity
Cash In | |
Purchase Finance | Bridging LoanBridging Loan |
Deposit (25%) | £173,750£173,750 |
Stamp Duty & Legal Fees | £44,300£44,300 |
Refurb Costs | £49,610£49,610 |
Bridging Loan Interest | £18,244£18,244 |
Total Cash In | £287,653£287,653 |
| |
Cash Out | |
Monetisation | FlipRefinance & RentRefinance & Rent |
Revaluation | £225,000£225,000 |
Mortgage (After Refinance) | £168,750£168,750 |
Mortgage LTV | 75%75% |
Cash Left In | £287,653£287,653 |
Equity | £56,250£56,250 |
Rent Range | £370 - £3,000£370 - £3,000 |
Rent Estimate | £712 |
Running Costs/mo | £866£866 |
Cashflow/mo | £-154£-154 |
Cashflow/yr | £-1,842£-1,842 |
Gross Yield | 1%1% |
Local Sold Prices
50 sold prices from £51K to £505K, average is £210K. £580/m² to £3K/m², average is £1.8K/m².
Price | Date | Distance | Address | Price/m² | m² | Beds | Type | |
£145K | 04/21 | 0.41 mi | 52, St Ives Road, Consett, County Durham DH8 7QB | £993 | 146 | 4 | Terraced House | |
£170K | 03/21 | 0.48 mi | 25, St Ives Gardens, Leadgate, Consett, Durham DH8 7PQ | - | - | 4 | Detached House | |
£210K | 01/21 | 0.71 mi | 16, Valley View, Leadgate, Consett, Durham DH8 7PR | £1,040 | 202 | 4 | Semi-Detached House | |
£133K | 04/21 | 0.73 mi | 1, Eden Vale Mews, Leadgate, Consett, Durham DH8 7SG | £1,267 | 105 | 4 | Detached House | |
£350K | 05/21 | 0.82 mi | 67, Iveston Lane, Consett, Durham DH8 7TB | £1,944 | 180 | 4 | Semi-Detached House | |
£225K | 11/20 | 1.15 mi | 35, Carr House Mews, Consett, Durham DH8 6FD | £1,786 | 126 | 4 | Detached House | |
£216K | 03/21 | 1.15 mi | 6, Carr House Mews, Consett, Durham DH8 6FD | - | - | 4 | Detached House | |
£195K | 11/20 | 1.2 mi | 23, Newbell Court, Consett, Durham DH8 6FE | £1,598 | 122 | 4 | Detached House | |
£185K | 03/23 | 1.23 mi | 8, Granary Court, Consett, County Durham DH8 6FF | £1,796 | 103 | 4 | Detached House | |
£200K | 03/23 | 1.23 mi | 23, Granary Court, Consett, County Durham DH8 6FF | £1,754 | 114 | 4 | Detached House | |
£235K | 11/22 | 1.24 mi | 12, Newbell Court, Consett, County Durham DH8 6FE | £2,398 | 98 | 4 | Detached House | |
£225K | 11/22 | 1.25 mi | 25, Rolling Mill, Consett, County Durham DH8 6NH | £1,860 | 121 | 4 | Detached House | |
£247.5K | 11/20 | 1.25 mi | 26, Rolling Mill, Consett, Durham DH8 6NH | £1,509 | 164 | 4 | Detached House | |
£140K | 12/20 | 1.35 mi | 29, Pikesyde, Dipton, Stanley, County Durham DH9 9EQ | £986 | 142 | 4 | Semi-Detached House | |
£168.5K | 06/21 | 1.39 mi | 181, Greenways, Consett, County Durham DH8 7DW | £1,165 | 145 | 4 | Semi-Detached House | |
£120K | 02/21 | 1.41 mi | 51, Villa Real Road, Consett, Durham DH8 6BL | £930 | 129 | 4 | Semi-Detached House | |
£275K | 06/23 | 1.52 mi | 30, Balmoral Grove, Consett, County Durham DH8 6DE | £2,412 | 114 | 4 | Detached House | |
£160K | 05/21 | 1.55 mi | 28, Chapel Drive, Delves Lane, Consett, Durham DH8 7EW | £1,951 | 82 | 4 | Detached House | |
£275K | 06/21 | 1.65 mi | 10, The Villas, Greencroft, Stanley, County Durham DH9 8PA | - | - | 4 | Semi-Detached House | |
£300K | 01/21 | 1.68 mi | 3, Douglas Court, Greencroft, Stanley, County Durham DH9 8UE | £2,439 | 123 | 4 | Detached House | |
£350K | 02/21 | 1.77 mi | 56, Fines Road, Consett, County Durham DH8 6QS | £1,528 | 229 | 4 | Detached House | |
£286K | 06/23 | 1.78 mi | 48, Holwick Close, Consett, County Durham DH8 7UJ | £2,403 | 119 | 4 | Detached House | |
£210K | 12/20 | 1.78 mi | 41, Holwick Close, Consett, Durham DH8 7UJ | £1,963 | 107 | 4 | Detached House | |
£227K | 06/23 | 1.78 mi | 47, Holwick Close, Consett, County Durham DH8 7UJ | £2,142 | 106 | 4 | Detached House | |
£220K | 04/21 | 1.78 mi | 6, Holwick Close, Consett, Durham DH8 7UH | £2,391 | 92 | 4 | Detached House | |
£175K | 07/23 | 1.78 mi | 19, Cedar Court, Catchgate, Stanley, County Durham DH9 8LY | £1,750 | 100 | 4 | Detached House | |
£188K | 05/23 | 1.78 mi | 15, Cedar Court, Catchgate, Stanley, County Durham DH9 8LY | £1,649 | 114 | 4 | Detached House | |
£225K | 06/21 | 1.78 mi | 8, Askrigg Close, Consett, County Durham DH8 7EF | £1,940 | 116 | 4 | Detached House | |
£215K | 07/21 | 1.78 mi | 37, Askrigg Close, Consett, County Durham DH8 7EF | £2,048 | 105 | 4 | Detached House | |
£280K | 01/23 | 1.79 mi | 16, Eggleston Drive, Consett, County Durham DH8 7UB | £3,043 | 92 | 4 | Detached House | |
£125K | 08/21 | 1.79 mi | 19, Park Road, Consett, Durham DH8 5EA | £978 | 128 | 4 | Terraced House | |
£207K | 12/21 | 1.79 mi | 32, Eggleston Drive, Consett, Durham DH8 7UB | - | - | 4 | Detached House | |
£222.5K | 12/20 | 1.79 mi | 36, Eggleston Drive, Consett, Durham DH8 7UB | £2,099 | 106 | 4 | Detached House | |
£220K | 08/21 | 1.79 mi | 33, Mickleton Close, Consett, Durham DH8 7UG | - | - | 4 | Detached House | |
£51K | 02/23 | 1.82 mi | 12, Langdon Gardens, Stanley, County Durham DH9 8RW | £580 | 88 | 4 | Terraced House | |
£127K | 04/21 | 1.83 mi | 23, Alexandra Street, Consett, County Durham DH8 5DR | £888 | 143 | 4 | Terraced House | |
£171K | 09/21 | 1.83 mi | 6, Queens Gate, Consett, Durham DH8 5FB | £1,500 | 114 | 4 | Semi-Detached House | |
£270K | 03/23 | 1.85 mi | 3, Cotherstone Close, Consett, County Durham DH8 7UE | £2,368 | 114 | 4 | Detached House | |
£128K | 03/21 | 1.86 mi | 11, Valiant Way, Catchgate, Stanley, Durham DH9 8FG | £1,600 | 80 | 4 | Detached House | |
£203K | 03/21 | 1.88 mi | 20, Harwood Close, Templetown, Consett, Durham DH8 7PB | £1,829 | 111 | 4 | Detached House | |
£210K | 12/20 | 1.89 mi | 29, Highsteads, Medomsley, Consett, Durham DH8 6QA | £2,530 | 83 | 4 | Detached House | |
£191K | 07/23 | 1.9 mi | 20, Ovington Close, Templetown, Consett, County Durham DH8 7NY | - | - | 4 | Detached House | |
£220K | 11/21 | 1.9 mi | 23, Ovington Close, Templetown, Consett, Durham DH8 7NY | - | - | 4 | Detached House | |
£240K | 11/21 | 1.9 mi | 24, Ovington Close, Templetown, Consett, Durham DH8 7NY | £1,832 | 131 | 4 | Detached House | |
£162.5K | 02/21 | 1.92 mi | 1, Bethany Terrace, Stanley, County Durham DH9 8TW | £1,766 | 92 | 4 | Terraced House | |
£265K | 05/23 | 1.92 mi | 64, Manor Road, Consett, County Durham DH8 6QW | - | - | 4 | Semi-Detached House | |
£505K | 11/20 | 1.93 mi | Blackfyne House, 162, Durham Road, Blackhill, Consett, Durham DH8 5TN | - | - | 4 | Detached House | |
£203K | 03/21 | 1.93 mi | 9, Millfield, Templetown, Consett, Durham DH8 7NZ | £1,900 | 107 | 4 | Detached House | |
£147K | 04/21 | 1.95 mi | 16, Viscount Close, Catchgate, Stanley, County Durham DH9 8FD | £1,485 | 99 | 4 | Detached House | |
£150K | 02/21 | 1.97 mi | 12, Viscount Close, Catchgate, Stanley, County Durham DH9 8FD | £1,515 | 99 | 4 | Detached House |
Local Rents
50 rents from £370/mo to £3K/mo, average is £650/mo.
Rent | Date | Distance | Address | Beds | Type | |
£650 | 02/24 | 0.41 mi | - | 3 | Terraced House | |
£650 | 12/24 | 0.41 mi | Dunelm Way, Consett, DH8 | 3 | Terraced House | |
£650 | 04/24 | 0.41 mi | - | 3 | Terraced House | |
£625 | 04/25 | 0.41 mi | - | 2 | Terraced House | |
£625 | 12/24 | 0.43 mi | - | 2 | Terraced House | |
£600 | 12/24 | 0.66 mi | - | 3 | Terraced House | |
£495 | 05/24 | 0.68 mi | - | 2 | Flat | |
£495 | 01/25 | 0.68 mi | - | 2 | Flat | |
£725 | 12/24 | 0.72 mi | - | 2 | Semi-Detached House | |
£750 | 12/24 | 0.78 mi | Bluebell Close, Leadgate, Consett, DH8 | 3 | Detached House | |
£600 | 12/24 | 0.79 mi | - | 2 | Terraced House | |
£2,100 | 12/24 | 0.81 mi | Iveston Lane, Iveston, Consett, Durham, DH8 | 6 | Detached House | |
£3,000 | 12/24 | 0.9 mi | Whitehall Lane, Iveston | 6 | Detached House | |
£1,100 | 12/24 | 1.15 mi | - | 4 | Detached House | |
£750 | 12/24 | 1.21 mi | Steading Court, Consett | 3 | Flat | |
£600 | 12/24 | 1.34 mi | - | 2 | Terraced House | |
£695 | 01/25 | 1.39 mi | - | 3 | Semi-Detached House | |
£2,850 | 02/25 | 1.41 mi | - | 3 | Semi-Detached House | |
£395 | 12/24 | 1.41 mi | Greenways, Consett, DH8 | 1 | Flat | |
£550 | 12/24 | 1.44 mi | Gladstone Gardens, Consett, Durham, DH8 | 2 | Flat | |
£475 | 12/24 | 1.47 mi | - | 2 | Flat | |
£600 | 12/24 | 1.5 mi | - | 2 | Semi-Detached House | |
£745 | 04/25 | 1.53 mi | - | 2 | Terraced House | |
£550 | 12/24 | 1.53 mi | - | 2 | Terraced House | |
£625 | 12/24 | 1.53 mi | Rosemary Close, Consett | 2 | Flat | |
£750 | 12/24 | 1.53 mi | - | 3 | Terraced House | |
£700 | 12/24 | 1.55 mi | Chapel Drive, Consett, DH8 | 3 | Detached House | |
£950 | 12/24 | 1.55 mi | - | 4 | Terraced House | |
£900 | 12/24 | 1.56 mi | - | 2 | Flat | |
£900 | 12/24 | 1.56 mi | - | 3 | Terraced House | |
£525 | 12/24 | 1.56 mi | Southernwood, Consett | 2 | Flat | |
£1,050 | 04/25 | 1.56 mi | - | 5 | Terraced House | |
£600 | 12/24 | 1.57 mi | - | 2 | Flat | |
£1,000 | 04/25 | 1.57 mi | - | 3 | Semi-Detached House | |
£725 | 12/24 | 1.57 mi | - | 3 | Semi-Detached House | |
£595 | 11/24 | 1.59 mi | - | 2 | Terraced House | |
£600 | 12/24 | 1.62 mi | Annfield Place, ., Stanley, Durham, DH9 8NP | 2 | Terraced House | |
£600 | 12/24 | 1.63 mi | Emma Street, Consett, Durham, DH8 | 2 | Terraced House | |
£525 | 12/24 | 1.64 mi | Durham Road, Consett, Durham, DH8 | 1 | Terraced House | |
£775 | 02/25 | 1.67 mi | - | 3 | Terraced House | |
£695 | 12/24 | 1.67 mi | - | 3 | Bungalow | |
£600 | 12/24 | 1.67 mi | - | 2 | Terraced House | |
£495 | 12/24 | 1.69 mi | Cleadon Street, Consett, Durham, DH8 | 1 | Flat | |
£500 | 12/24 | 1.71 mi | Beverley Gardens, Consett, County Durham, DH8 | 2 | Terraced House | |
£790 | 12/24 | 1.71 mi | Deepdale Drive, Consett, DH8 | 3 | Detached House | |
£790 | 12/24 | 1.71 mi | - | 3 | Semi-Detached House | |
£800 | 12/24 | 1.72 mi | - | 3 | Semi-Detached House | |
£725 | 03/25 | 1.75 mi | - | 3 | Flat | |
£370 | 12/24 | 1.76 mi | Church Street, Consett, DH8 | 1 | Flat | |
£795 | 12/24 | 1.78 mi | Askrigg Close, Consett | 3 | Detached House |
Local Area Statistics
Population in DH8 | 38,32438,324 |
Population in Consett | 38,37938,379 |
Town centre distance | 1.86 miles away1.86 miles away |
Nearest school | 0.40 miles away0.40 miles away |
Nearest train station | 7.84 miles away7.84 miles away |
| |
Rental demand | Balanced marketBalanced market |
Rental growth (12m) | +9%+9% |
Sales demand | Seller's marketSeller's market |
Capital growth (5yrs) | +14%+14% |
Property History
Listed for £695,000
June 3, 2024
Floor Plans


Description
- Stone-Built Detached Property +
- Recently Renovated +
- Gorgeous Internal Décor +
- Semi-Rural Setting +
- Gardens & Paddock +
- Countryside Views +
Accommodation in Brief
Ground Floor
Entrance Hall | Family Room | Sitting Room | Kitchen/Dining Room | Store | Bathroom | Principal Bedroom with En-suite Shower Room | Further Bedroom
First Floor
Two Further Bedrooms with Potential En-suites/Walk-in Wardrobes
Driveway | Stable Block | Patio | Summerhouse | Paddock | Hen House & Run
The Property
Brooms Lea Cottage is a beautiful stone-built rural home, recently renovated to a high standard to create a luxury family home with flexible space to suit a variety of buyers and lifestyles.
An interesting corner porch provides an excellent entrance into a light, open reception room with a variety of uses from family room to play room or study. Off to the left is a beautiful, sunny sitting room where the vaulted ceiling, bay window, glazed French doors out onto the patio and glazed double doors into the kitchen/dining room give a fantastic open plan living feel, yet with the option of closing spaces off for more privacy. A brick inglenook fireplace and stone hearth with multifuel burning stove adds a wonderful homely feature. The stunning kitchen is beautifully appointed with integrated appliances including electric oven and hob, and dishwasher, promontory breakfast bar, space for a large American style fridge/freezer and a large dining table and chairs. This is the ultimate space for entertaining. A large store room or panty to the rear of the kitchen is a fantastic bonus and a stable style door to the outside is used as the informal entrance on a daily basis.
To the other side of the family room is a door to the rest of the house, nicely dividing the living rooms from the sleeping accommodation. The dual aspect principal bedroom is located at the far end of the hall, enjoying privacy from the rest of the house. It has a smart tasteful en-suite shower room with double width walk-in shower and rainfall head. A gorgeous, pristine, white bathroom with modern free-standing bath serves the further bedroom on the ground floor.
An elegant bespoke oak staircase curves up from the hall which has room for a seating area or desk, and the first floor houses two light, bright eaves bedrooms, both with rooms off them that have potential to be walk-in wardrobes and also have plumbing for en-suites.
Externally
Approached via paved drive with an abundance of parking, Brooms Lea Cottage offers expansive lawns and a sectioned off paddock with a hen house and run. Beside the house is a patio, ideal for outdoor dining and entertaining whilst enjoying the idyllic countryside views. A stable block provides excellent storage for gardening equipment and a wooden summer house to the rear would make a great children’s play house. Brooms Lea Cottage covers approximately 1.31 acres all together.
Local Information
Consett is a thriving town offering schools, several supermarkets, large stores and professional services. Nearby Shotley Bridge is an appealing and convenient village, sitting in the Derwent Valley on the County Durham and Northumberland Border. It offers a range of local amenities such as post office, shops, restaurant, public houses and primary school. Durham and Hexham provide more comprehensive services with excellent schooling, hospitals and a further choice of shops and eateries. For commuters the A1, A69, Newcastle Airport and City Centre are all extremely accessible.
Approximate Mileages
Durham City Centre 12.4 miles | Newcastle City Centre 12.4 miles | Corbridge 15.9 miles | Newcastle International Airport 16.1 miles | Hexham 21.6 miles
Services
Mains electricity and water. Drainage to septic tank. Oil fired central heating.
Wayleaves, Easements & Rights of Way
The property is being sold subject to all existing wayleaves, easements and rights of way, whether or not specified within the sales particulars.
Agents Note to Purchasers
We strive to ensure all property details are accurate, however, they are not to be relied upon as statements of representation or fact and do not constitute or form part of an offer or any contract. All measurements and floor plans have been prepared as a guide only. All services, systems and appliances listed in the details have not been tested by us and no guarantee is given to their operating ability or efficiency. Please be advised that some information may be awaiting vendor approval.
Submitting an Offer
Please note that all offers will require financial verification including mortgage agreement in principle, proof of deposit funds, proof of available cash and full chain details including selling agents and solicitors down the chain. To comply with Money Laundering Regulations, we require proof of identification from all buyers before acceptance letters are sent and solicitors can be instructed.
EPC Rating: D
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