2 Bed Bungalow, Single Let, Consett, DH8 6JQ, £89,000

29 Second Street, Pont Bungalows, Consett, DH8 6JQ - 9 months ago

Sold STC

BTL

ROI: 4%

~111 m²

+13 photos

ValuationUndervalued

Sold Prices	£47K - £174.6K
Sold Prices/m²	£801/m² - £2.2K/m²

Square Metres	~111.24 m²
Price/m²	£800/m²
Value Estimate	£106,800£106,800
BMV	20%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£22,250£22,250
Stamp Duty & Legal Fees	£5,650£5,650
Total Cash In	£27,900£27,900

Cash Out
Rent Range	£475 - £900£475 - £900
Rent Estimate	£495
Running Costs/mo	£397£397
Cashflow/mo	£98£98
Cashflow/yr	£1,175£1,175
ROI	4%4%
Gross Yield	7%7%

Local Sold Prices

28 sold prices from £47K to £174.6K, average is £82K. £801/m² to £2.2K/m², average is £1.3K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£105K	02/21	0.17 mi	76, Dewhirst Close, Leadgate, Consett, County Durham DH8 6LF	£1,750	60	2	Semi-Detached House
£95K	01/23	0.17 mi	49, Bradley Cottages, Consett, County Durham DH8 6JY	£1,210	79	2	Terraced House
£120K	03/23	0.18 mi	4, Pleasant View, Medomsley, Consett, County Durham DH8 6RE	£1,818	66	2	Terraced House
£135K	03/23	0.18 mi	13, Pleasant View, Medomsley, Consett, County Durham DH8 6RE	£2,004	67	2	Terraced House
£75K	11/20	0.22 mi	29, Bradley Cottages, Consett, Durham DH8 6JZ	£1,470	51	2	Terraced House
£71.3K	03/21	0.41 mi	30, Third Street, Watling Street Bungalows, Consett, Durham DH8 6HT	£801	89	2	Terraced House
£80K	05/21	0.41 mi	28, Third Street, Watling Street Bungalows, Consett, County Durham DH8 6HT	£1,250	64	2	Terraced House
£78.8K	12/21	0.52 mi	19, Garden Terrace, Consett, County Durham DH8 6ED	£985	80	2	Terraced House
£117K	07/21	0.55 mi	2, Ponthead Mews, Consett, Durham DH8 6TD	-	-	2	Semi-Detached House
£150K	10/20	0.58 mi	16, Villa Real Bungalows, Consett, Durham DH8 6BQ	£2,239	67	2	Semi-Detached House
£47K	06/23	0.59 mi	15, South Cross Street, Consett, County Durham DH8 6DJ	-	-	2	Terraced House
£60K	08/21	0.63 mi	10, Railway Street, Consett, County Durham DH8 6DN	£822	73	2	Terraced House
£81.5K	11/20	0.68 mi	12, Walton Terrace, Villa Real, Consett, Durham DH8 6BW	£989	82	2	Terraced House
£174.6K	03/23	0.72 mi	10, Villa Real Estate, Consett, County Durham DH8 6BJ	-	-	2	Semi-Detached House
£71.5K	12/22	0.77 mi	4, Emma Street, Consett, County Durham DH8 5NP	-	-	2	Terraced House
£90K	07/21	0.77 mi	9, Emma Street, Consett, Durham DH8 5NP	£1,363	66	2	Terraced House
£48.3K	05/21	0.79 mi	7, Elm Terrace, Consett, County Durham DH8 7QJ	-	-	2	Terraced House
£107.5K	11/20	0.8 mi	284, Medomsley Road, Consett, County Durham DH8 5JP	£1,075	100	2	Terraced House
£105K	03/23	0.85 mi	263, Medomsley Road, Consett, County Durham DH8 5JR	-	-	2	Terraced House
£106K	04/23	0.85 mi	269, Medomsley Road, Consett, County Durham DH8 5JR	£2,208	48	2	Terraced House
£110K	12/20	0.85 mi	46, Fines Road, Consett, Durham DH8 6QS	£1,467	75	2	Terraced House
£80K	02/23	0.88 mi	11, West View, Medomsley Edge, Consett, County Durham DH8 6PB	£1,029	78	2	Terraced House
£70K	12/20	0.88 mi	25, West View, Medomsley Edge, Consett, Durham DH8 6PB	£886	79	2	Terraced House
£62.5K	04/21	0.9 mi	9, Balfour Gardens, Consett, Durham DH8 5JL	-	-	2	Terraced House
£82.5K	06/21	0.91 mi	6, Ash Grove, Consett, Durham DH8 6EB	£1,422	58	2	Semi-Detached House
£68K	03/23	0.95 mi	8, Allison Street, Consett, County Durham DH8 5JD	-	-	2	Terraced House
£67.5K	11/21	0.95 mi	49, Willow Crescent, Consett, Durham DH8 7RQ	£978	69	2	Semi-Detached House
£103K	04/23	1 mi	19, Fines Road, Consett, County Durham DH8 6QR	-	-	2	Terraced House

Local Rents

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

Rent	Date	Distance	Address	Beds	Type
£725	12/24	0.47 mi	-	2	Semi-Detached House
£495	05/24	0.63 mi	-	2	Flat
£495	02/25	0.63 mi	-	2	Flat
£600	12/24	0.66 mi	-	2	Terraced House
£625	12/24	0.76 mi	-	2	Terraced House
£600	12/24	0.78 mi	Emma Street, Consett, Durham, DH8	2	Terraced House
£550	12/24	1.02 mi	Gladstone Gardens, Consett, Durham, DH8	2	Flat
£750	12/24	1.02 mi	-	2	Semi-Detached House
£750	03/25	1.02 mi	-	2	Semi-Detached House
£475	12/24	1.06 mi	-	2	Flat
£500	12/24	1.06 mi	Beverley Gardens, Consett, County Durham, DH8	2	Terraced House
£600	12/24	1.09 mi	-	2	Flat
£625	12/24	1.12 mi	Rosemary Close, Consett	2	Flat
£600	12/24	1.13 mi	-	2	Terraced House
£525	12/24	1.14 mi	Southernwood, Consett	2	Flat
£900	12/24	1.2 mi	-	2	Flat
£525	03/25	1.21 mi	-	2	Flat

Local Area Statistics

Population in DH8	38,32438,324
Population in Consett	38,37938,379
Town centre distance	1.26 miles away1.26 miles away
Nearest school	0.60 miles away0.60 miles away
Nearest train station	6.80 miles away6.80 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

Price changed to £89,000

November 7, 2024

Listed for £95,000

July 2, 2024

Floor Plans

Description

COUNCIL TAX BAND A +
CONSERVATORY +
GARDEN +
TWO BEDROOMS +
MID TERRACE BUNGALOW +
PERFECT FIRST TIME BUY +

Hunters are delighted to welcome to the market this two bedroomed terraced bungalow which will be ideal for first time buyers or anyone looking to downsize.

On entering the property you will find a fitted kitchen which leads to the family bathroom with a separate shower area, snug/reception area which leads into the living room the French doors into the conservatory. downstairs you have a double bedroom. To the first floor is the loft conversion/second bedroom with featured Velux window and storage space.

Outside the property has a rear yard and a large lawned area to the front.

This area is ideal for walkers and commuting to Durham, Newcastle and Gateshead.