2 Bed Terraced House, Single Let, Consett, DH8 7QD, £74,950

18 Park Terrace, Consett, County Durham, DH8 7QD - 3 views - 9 months ago

BTL
ROI: 8%
72 m²
+9 photos

ValuationUndervalued

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

 

 

Square Metres

71.60 m²
Price/m²£1K/m²

Value Estimate

£85,938
BMV15%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£18,738

Stamp Duty & Legal Fees

£3,449

Total Cash In

£22,186

 

 

Cash Out

 

Rent Range

£475 - £900

Rent Estimate

£510

Running Costs/mo

£356

Cashflow/mo

£154

Cashflow/yr

£1,845

ROI

8%

Gross Yield

8%

Local Sold Prices

20 sold prices from £47K to £174.6K, average is £82.3K. £801/m² to £2.2K/m², average is £1.2K/m².

PriceDateDistanceAddressBeds 
£48.3K05/210.05 mi7, Elm Terrace, Consett, County Durham DH8 7QJ2
£60K08/210.21 mi10, Railway Street, Consett, County Durham DH8 6DN2
£67.5K11/210.25 mi49, Willow Crescent, Consett, Durham DH8 7RQ2
£117K07/210.26 mi2, Ponthead Mews, Consett, Durham DH8 6TD2
£47K06/230.28 mi15, South Cross Street, Consett, County Durham DH8 6DJ2
£82K11/200.28 mi193, Durham Road, Leadgate, Consett, Durham DH8 7QZ2
£78.8K12/210.34 mi19, Garden Terrace, Consett, County Durham DH8 6ED2
£71.3K03/210.39 mi30, Third Street, Watling Street Bungalows, Consett, Durham DH8 6HT2
£80K05/210.39 mi28, Third Street, Watling Street Bungalows, Consett, County Durham DH8 6HT2
£150K10/200.62 mi16, Villa Real Bungalows, Consett, Durham DH8 6BQ2
£105K02/210.7 mi76, Dewhirst Close, Leadgate, Consett, County Durham DH8 6LF2
£75K11/200.75 mi29, Bradley Cottages, Consett, Durham DH8 6JZ2
£95K01/230.86 mi49, Bradley Cottages, Consett, County Durham DH8 6JY2
£95K04/210.89 mi7, First Street, Crookhall, Consett, Durham DH8 7LX2
£174.6K03/230.9 mi10, Villa Real Estate, Consett, County Durham DH8 6BJ2
£93K03/210.93 mi4, Johnsons Buildings, Iveston, Consett, Durham DH8 7TH2
£82.5K06/210.93 mi6, Ash Grove, Consett, Durham DH8 6EB2
£120K03/230.98 mi4, Pleasant View, Medomsley, Consett, County Durham DH8 6RE2
£135K03/230.98 mi13, Pleasant View, Medomsley, Consett, County Durham DH8 6RE2
£81.5K11/200.99 mi12, Walton Terrace, Villa Real, Consett, Durham DH8 6BW2

Local Rents

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

RentDateDistanceAddressBeds 
£62512/240.04 mi-2
£49505/240.27 mi-2
£49502/250.27 mi-2
£72512/240.35 mi-2
£60012/240.39 mi-2
£55012/241.05 miGladstone Gardens, Consett, Durham, DH82
£60012/241.09 mi-2
£47512/241.09 mi-2
£62512/241.14 miRosemary Close, Consett2
£74504/251.17 mi-2
£55012/241.17 mi-2
£60012/241.18 mi-2
£52512/241.18 miSouthernwood, Consett2
£90012/241.18 mi-2
£60012/241.19 mi-2
£60012/241.23 miEmma Street, Consett, Durham, DH82

Local Area Statistics

Population in DH8

38,324

Population in Consett

38,379

Town centre distance

1.47 miles away

Nearest school

0.10 miles away

Nearest train station

7.60 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+9%

Sales demand

Seller's market

Capital growth (5yrs)

+14%

Property History

Listed for £74,950

July 25, 2024

Sold for £75,000

2022

Sold for £81,000

2007

Sold for £67,000

2005

Sold for £30,500

2002

Floor Plans

Description

  • MID TERRACE PROPERTY +
  • STONE BUILT +
  • INVESTMENT OPPORTUNITY +
  • PERFECT FIRST TIME BUY +
  • NO ONWARD CHAIN +
  • TWO BEDROOMS +
  • YARD TO REAR +

This charming terraced property is currently on the market for sale. Ideal for both couples seeking a cosy home and investors looking for a potential investment opportunity. The property is situated in a quiet location with the convenience of nearby schools and scenic walking routes, making it suitable for a peaceful yet active lifestyle.

The property boasts two spacious reception rooms. The first is a comfortable lounge which provides a perfect space for relaxation and leisure. The second is a dining room, designed to accommodate warm and inviting meals. Each room is well-structured, providing a unique space for different activities.

Adding to the charm of the property is a well-equipped kitchen, offering ample space for cooking and meal preparation.

The property features two double bedrooms, each offering ample space and comfort. The bedrooms are well-lit and ventilated, allowing for a serene and relaxed living experience.

The property has a bathroom fitted with all the necessary fixtures. The bathroom is designed to offer a tranquil and relaxing environment, perfect for unwinding after a long day.

TWO Bedroom terrace, LOUNGE, DINING ROOM, Kitchen, Bathroom, Gas CH, Double Glazed, Yard to rear, GARDEN TO FRONT.

Agent Details

Hunters, Consett

01207 265957

Next Steps?

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