6 Bed Terraced House, Single Let, Consett, DH8 8RS, £139,950

Durham Road, Blackhill, Consett, DH8 8RS - 8 months ago

Sold STC
Auction
BTL
ROI: 3%
~186 m²

ValuationUndervalued

Sold Prices£120K - £505K
Sold Prices/m²£888/m² - £3.9K/m²

 

 

Square Metres

~186 m²
Price/m²£752/m²

Value Estimate

£174,938
BMV25%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£34,988

Stamp Duty & Legal Fees

£8,198

Total Cash In

£43,185

 

 

Cash Out

 

Rent Range

£625 - £1,150

Rent Estimate

£718

Running Costs/mo

£601

Cashflow/mo

£117

Cashflow/yr

£1,405

ROI

3%

Gross Yield

6%

Local Sold Prices

40 sold prices from £120K to £505K, average is £220.3K. £888/m² to £3.9K/m², average is £2K/m².

PriceDateDistanceAddressBeds 
£300K08/210.18 mi11, Benfieldside Road, Consett, County Durham DH8 0SF4
£225K12/200.26 mi17, Queens Road, Consett, Durham DH8 0BJ4
£220K12/220.28 mi19, Priory Close, Consett, County Durham DH8 0SA4
£162.5K11/200.29 mi25, Priory Close, Consett, Durham DH8 0SA4
£300K03/210.3 mi8, Briarside, Blackhill, Consett, Durham DH8 0AS4
£210K02/210.34 mi22, Laburnum Avenue, Consett, Durham DH8 5TD4
£197.9K03/210.35 mi18, Alston Terrace, Consett, Durham DH8 8JT4
£240K11/210.4 mi140, Benfieldside Road, Consett, Durham DH8 0RP4
£415K06/230.44 mi47, Barley Mill Road, Consett, County Durham DH8 8JS4
£210K06/210.45 mi56, Barley Mill Road, Consett, County Durham DH8 8JR4
£217K12/200.46 mi7, Muirfield Close, Consett, Durham DH8 5XE4
£175K11/210.46 mi58, Fenwick Way, Consett, Durham DH8 5FE4
£178K12/200.46 mi70, Fenwick Way, Consett, Durham DH8 5FE4
£265K01/230.46 mi19, Muirfield Close, Consett, County Durham DH8 5XE4
£505K11/200.47 miBlackfyne House, 162, Durham Road, Blackhill, Consett, Durham DH8 5TN4
£380K01/230.49 mi80, Queens Road, Consett, County Durham DH8 0BW4
£183K12/220.51 mi124, Fenwick Way, Consett, County Durham DH8 5FE4
£195K12/200.52 mi11, Fenwick Way, Consett, Durham DH8 5FD4
£220.5K04/210.52 mi48, Fenwick Way, Consett, County Durham DH8 5FD4
£195K04/230.52 mi31, Fenwick Way, Consett, County Durham DH8 5FD4
£320K02/230.61 mi14, Turnberry Close, Consett, County Durham DH8 5XG4
£171K09/210.66 mi6, Queens Gate, Consett, Durham DH8 5FB4
£247.5K08/210.7 mi84, Abbotts Way, Consett, County Durham DH8 5XU4
£300K12/200.72 mi32, Goodwood Close, Shotley Bridge, Consett, Durham DH8 0UF4
£330K01/210.72 mi1, Goodwood Close, Shotley Bridge, Consett, Durham DH8 0UF4
£361.5K06/210.72 mi24, Goodwood Close, Shotley Bridge, Consett, Durham DH8 0UF4
£450K02/230.72 mi32, Goodwood Close, Shotley Bridge, Consett, County Durham DH8 0UF4
£125K08/210.75 mi19, Park Road, Consett, Durham DH8 5EA4
£295K12/200.8 mi11, Wetherby Close, Consett, Durham DH8 0UE4
£215K12/200.83 mi4, Salisbury Close, Consett, County Durham DH8 0NR4
£310K12/200.85 mi5, Kempton Close, Consett, Durham DH8 0UB4
£275K06/230.88 mi30, Balmoral Grove, Consett, County Durham DH8 6DE4
£258K12/200.89 mi2, Sherwood Close, Consett, County Durham DH8 0TX4
£127K04/210.93 mi23, Alexandra Street, Consett, County Durham DH8 5DR4
£180K11/200.94 mi42, Manor Close, Consett, Durham DH8 8BN4
£255K05/210.96 mi31, The Elms, Shotley Bridge, Consett, Durham DH8 0UA4
£220K04/210.96 mi19, The Elms, Shotley Bridge, Consett, County Durham DH8 0UA4
£190K11/220.97 mi10, Manor Close, Consett, County Durham DH8 8BN4
£120K02/210.98 mi51, Villa Real Road, Consett, Durham DH8 6BL4
£157.5K11/210.98 mi28, Elm Park Terrace, Consett, Durham DH8 0NA4

Local Rents

19 rents from £625/mo to £1.1K/mo, average is £770/mo.

RentDateDistanceAddressBeds 
£72502/250.02 mi-3
£79502/250.11 mi-3
£62512/240.21 mi-3
£69512/240.31 mi-3
£71512/240.34 mi-3
£1,00012/240.5 miFenwick Way, Consett4
£1,15003/250.61 mi-4
£1,15003/250.61 mi-4
£75012/240.8 mi-3
£77003/250.8 mi-3
£72512/240.83 mi-3
£72503/250.87 mi-3
£77502/250.87 mi-3
£99512/240.93 mi-3
£95012/241.1 mi-4
£1,05011/241.11 mi-5
£90012/241.11 mi-3
£72512/241.22 miSpiro Court, Consett, Durham, DH83
£75012/241.24 miSteading Court, Consett3

Local Area Statistics

Population in DH8

38,324

Population in Consett

38,379

Town centre distance

0.71 miles away

Nearest school

0.10 miles away

Nearest train station

6.47 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+9%

Sales demand

Seller's market

Capital growth (5yrs)

+14%

Property History

Price changed to £139,950

October 1, 2024

Listed for £150,000

August 7, 2024

Description

  • Investment Property +
  • Flat A is currently let at £442.94 pcm +
  • Flat B is currently let at £414.35 pcm +
  • Flat C is currently let at £340 pcm +
  • The Coach House situated to the rear of the property currently let at £450 pcm. +

Available for sale by Public Online Auction

Four properties in one! Attention all buy to let investors. This property gives a unique opportunity to purchase three apartments and a cottage as one lot with the potential to generate a rental income of approx £19,767.48 per annum when fully let.

The lot on offer comprises:
Flat A is currently let at £442.94 pcm
Flat B is currently let at £414.35 pcm
Flat C is currently let at £340 pcm
The Coach House situated to the rear of the property currently let at £450 pcm.

To fully appreciate what is on offer, an internal viewing is highly recommended.

Each auction property is offered at a guide price and is also subject to a reserve price. The guide price is the level where the bidding will commence. The reserve price is the sellers minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price, which may be up to 10% higher than the guide price, is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction. The successful buyer pays a £2000+vat (Total £2400) Auction Administration Fee. OPTION 1.

Agent Details

J W Wood, Consett

01207 265924

Next Steps?

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