2 Bed Terraced House, Single Let, Consett, DH8 6JX, £74,950

Second Street, Leadgate, Bradley Bungalows, Consett, Durham, DH8 6JX - 9 months ago

Sold STC
BTL
ROI: 7%
~79 m²
+7 photos

ValuationUndervalued

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

 

 

Square Metres

~78.70 m²
Price/m²£952/m²

Value Estimate

£92,938
BMV24%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£18,738

Stamp Duty & Legal Fees

£4,948

Total Cash In

£23,685

 

 

Cash Out

 

Rent Range

£475 - £750

Rent Estimate

£495

Running Costs/mo

£353

Cashflow/mo

£142

Cashflow/yr

£1,701

ROI

7%

Gross Yield

8%

Local Sold Prices

25 sold prices from £47K to £174.6K, average is £95K. £801/m² to £2.2K/m², average is £1.3K/m².

PriceDateDistanceAddressBeds 
£95K01/230.04 mi49, Bradley Cottages, Consett, County Durham DH8 6JY2
£75K11/200.15 mi29, Bradley Cottages, Consett, Durham DH8 6JZ2
£105K02/210.15 mi76, Dewhirst Close, Leadgate, Consett, County Durham DH8 6LF2
£120K03/230.2 mi4, Pleasant View, Medomsley, Consett, County Durham DH8 6RE2
£135K03/230.21 mi13, Pleasant View, Medomsley, Consett, County Durham DH8 6RE2
£71.3K03/210.48 mi30, Third Street, Watling Street Bungalows, Consett, Durham DH8 6HT2
£80K05/210.48 mi28, Third Street, Watling Street Bungalows, Consett, County Durham DH8 6HT2
£117K07/210.59 mi2, Ponthead Mews, Consett, Durham DH8 6TD2
£78.8K12/210.6 mi19, Garden Terrace, Consett, County Durham DH8 6ED2
£47K06/230.67 mi15, South Cross Street, Consett, County Durham DH8 6DJ2
£150K10/200.7 mi16, Villa Real Bungalows, Consett, Durham DH8 6BQ2
£60K08/210.7 mi10, Railway Street, Consett, County Durham DH8 6DN2
£110K12/200.74 mi46, Fines Road, Consett, Durham DH8 6QS2
£81.5K11/200.81 mi12, Walton Terrace, Villa Real, Consett, Durham DH8 6BW2
£80K02/230.83 mi11, West View, Medomsley Edge, Consett, County Durham DH8 6PB2
£70K12/200.83 mi25, West View, Medomsley Edge, Consett, Durham DH8 6PB2
£48.3K05/210.85 mi7, Elm Terrace, Consett, County Durham DH8 7QJ2
£174.6K03/230.86 mi10, Villa Real Estate, Consett, County Durham DH8 6BJ2
£71.5K12/220.89 mi4, Emma Street, Consett, County Durham DH8 5NP2
£90K07/210.89 mi9, Emma Street, Consett, Durham DH8 5NP2
£103K04/230.89 mi19, Fines Road, Consett, County Durham DH8 6QR2
£107.5K11/200.92 mi284, Medomsley Road, Consett, County Durham DH8 5JP2
£135K05/210.95 mi3, Grange Terrace, Consett, County Durham DH8 6PL2
£105K03/230.98 mi263, Medomsley Road, Consett, County Durham DH8 5JR2
£106K04/230.98 mi269, Medomsley Road, Consett, County Durham DH8 5JR2

Local Rents

12 rents from £475/mo to £750/mo, average is £600/mo.

RentDateDistanceAddressBeds 
£72512/240.55 mi-2
£49505/240.72 mi-2
£49502/250.72 mi-2
£60012/240.76 mi-2
£62512/240.81 mi-2
£60012/240.9 miEmma Street, Consett, Durham, DH82
£75012/241.09 mi-2
£75003/251.09 mi-2
£55012/241.15 miGladstone Gardens, Consett, Durham, DH82
£50012/241.19 miBeverley Gardens, Consett, County Durham, DH82
£47512/241.2 mi-2
£60012/241.22 mi-2

Local Area Statistics

Population in DH8

38,324

Population in Consett

38,379

Town centre distance

1.40 miles away

Nearest school

0.70 miles away

Nearest train station

6.75 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+9%

Sales demand

Seller's market

Capital growth (5yrs)

+14%

Property History

Price changed to £74,950

November 30, 2024

Listed for £79,950

July 26, 2024

Floor Plans

Description

  • Two Bedroom Terraced Bungalow +
  • No Chain +
  • South Facing Garden +
  • Approximate Floor Area 79 Sq Mtrs/ 850 Sq Ft. +
  • Council Tax Band A +
  • EPC Rating E +

Brought to the market with the convenience of no onward chain, this spacious two bedroom bungalow offers a wealth of potential and would make an ideal purchase for a first time buyer or downsizer.

Internally, the property briefly comprises of an entrance porch which leads in a spacious lounge with sliding doors to a dining room, a modern kitchen, shower room and two double sized bedrooms with integrated wardrobes. Externally, to the rear of the property is a low maintenance south-facing garden which over looks fields and to the front is a small courtyard.

Agents Note - This sale is subject to Probate which was applied for at the start of August 2024

Bradley Bungalows are located between the villages of Leadgate and Medomsley occupying a semi-rural position. Consett town Centre is located just over two miles away for access to many amenities and facilties and excellent transport links are located close by for commuting to the regional cities of Newcastle and Durham

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.

QCO240258/2

Agent Details

YOUR MOVE Chris Stonock, Consett

01207 265949

Next Steps?

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