2 Bed Semi-Detached House, Single Let, Consett, DH8 5DY, £99,950

Spencer Street, Consett, Durham, DH8 5DY - 8 months ago

BTL
ROI: 2%
~92 m²
+10 photos

ValuationUndervalued

Sold Prices£39K - £132K
Sold Prices/m²£643/m² - £2.3K/m²

 

 

Square Metres

~92 m²
Price/m²£1.1K/m²

Value Estimate

£102,909
BMV3%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£24,988

Stamp Duty & Legal Fees

£6,198

Total Cash In

£31,185

 

 

Cash Out

 

Rent Range

£475 - £900

Rent Estimate

£491

Running Costs/mo

£431

Cashflow/mo

£60

Cashflow/yr

£725

ROI

2%

Gross Yield

6%

Local Sold Prices

50 sold prices from £39K to £132K, average is £84.5K. £643/m² to £2.3K/m², average is £1.1K/m².

PriceDateDistanceAddressBeds 
£45K04/210.03 mi4, Steel Street, Consett, Durham DH8 5EF2
£86K10/200.03 mi3, Steel Street, Consett, Durham DH8 5EF2
£84K06/230.05 mi5, Bertha Street, Consett, County Durham DH8 5DZ2
£65K04/230.16 mi116, Medomsley Road, Consett, County Durham DH8 5HS2
£87.5K03/230.18 mi9, Barr Hills, Consett, County Durham DH8 5NB2
£115K05/210.18 mi52, Stuart Court, Consett, Durham DH8 5GA2
£88K11/200.19 mi35, Constance Street, Consett, Durham DH8 5DU2
£87.5K11/210.19 mi54, Edith Street, Consett, Durham DH8 5DN2
£75K07/210.19 mi37, Edith Street, Consett, County Durham DH8 5DN2
£88K01/230.19 mi38, Edith Street, Consett, County Durham DH8 5DN2
£126K05/230.2 mi3, Georgia Court, Consett, County Durham DH8 5XN2
£132K08/210.23 mi45, Medomsley Road, Consett, County Durham DH8 5HG2
£80K05/230.23 mi34, Aynsley Terrace, Consett, County Durham DH8 5NQ2
£105K08/210.25 mi66, Romany Drive, Consett, Durham DH8 5XL2
£88K10/210.26 mi5, Dale Court, Consett, Durham DH8 5DJ2
£66K02/210.26 mi2, Alexandra Street, Consett, Durham DH8 5DR2
£49K12/200.26 mi20, Alexandra Street, Consett, Durham DH8 5DR2
£120K05/230.27 mi49, Berry Edge Road, Consett, County Durham DH8 5DS2
£72.5K09/210.27 mi58, Berry Edge Road, Consett, Durham DH8 5DS2
£105K04/230.27 mi39, Berry Edge Road, Consett, County Durham DH8 5DS2
£68K03/230.28 mi8, Allison Street, Consett, County Durham DH8 5JD2
£62.5K04/210.34 mi9, Balfour Gardens, Consett, Durham DH8 5JL2
£39K04/230.34 mi4, Cobden Street, Consett, County Durham DH8 6AH2
£99K07/230.37 mi14, Park Avenue, Consett, County Durham DH8 6AS2
£75K10/200.37 mi6, Gladstone Gardens, Consett, County Durham DH8 6AR2
£75K07/230.37 mi1, Gladstone Gardens, Consett, County Durham DH8 6AR2
£105K03/230.38 mi263, Medomsley Road, Consett, County Durham DH8 5JR2
£106K04/230.38 mi269, Medomsley Road, Consett, County Durham DH8 5JR2
£59K11/200.39 mi6, Park Street, Consett, Durham DH8 5UA2
£76K04/210.41 mi1, Kelvin Gardens, Consett, County Durham DH8 5RU2
£50K01/210.41 mi6, Unsworth Gardens, Consett, County Durham DH8 5RX2
£80K07/210.41 mi32, Taylor Street, Consett, Durham DH8 5RS2
£68K10/210.41 mi9, West Parade, Consett, County Durham DH8 5RR2
£88K10/210.41 mi6, Dixon Street, Consett, Durham DH8 5UE2
£48.5K04/210.41 mi8, Dixon Street, Consett, Durham DH8 5UE2
£101K06/230.41 mi12, St Aidans Street, Consett, County Durham DH8 5ST2
£75K09/210.41 mi12, St Aidans Street, Consett, Durham DH8 5ST2
£90K01/210.42 mi1, St Aidans Place, Consett, County Durham DH8 5SU2
£95K01/230.43 mi28, West Parade, Consett, County Durham DH8 5RR2
£88K01/210.43 mi7, Northfield View, Consett, Durham DH8 6AW2
£71K02/210.43 mi4, Tyne Street, Consett, County Durham DH8 6NN2
£110K12/220.44 mi18, Temple Forge Mews, Consett, County Durham DH8 5RZ2
£70K01/210.44 mi87, Sherburn Terrace, Consett, Durham DH8 6NE2
£107.5K11/200.46 mi284, Medomsley Road, Consett, County Durham DH8 5JP2
£47.5K11/200.48 mi37, Gill Street, Consett, Durham DH8 7JT2
£88K09/210.49 mi61, Gill Street, Consett, Durham DH8 7JT2
£75K04/230.49 mi50, Gill Street, Consett, County Durham DH8 7JT2
£118K07/210.49 mi5, Moor View, Consett, Durham DH8 5TG2
£85K03/230.49 mi14, Windsor Gardens, Consett, County Durham DH8 7JW2
£80K06/210.51 mi13, Windsor Gardens, Consett, Durham DH8 7JW2

Local Rents

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

RentDateDistanceAddressBeds 
£52503/250.01 mi-2
£50012/240.16 miBeverley Gardens, Consett, County Durham, DH82
£60012/240.16 mi-2
£60012/240.17 mi-2
£47512/240.24 mi-2
£55012/240.25 miConstance Street, Consett, County Durham, DH82
£60012/240.28 mi-2
£60012/240.3 mi-2
£60012/240.31 miThe Green, Consett, County Durham, DH82
£52512/240.33 miSouthernwood, Consett2
£67510/240.33 mi-2
£62512/240.35 miRosemary Close, Consett2
£47512/240.38 mi-2
£90012/240.39 mi-2
£55012/240.4 miGladstone Gardens, Consett, Durham, DH82
£72012/240.43 mi-2
£70012/240.5 miDerwent Mews, Blackhill, Consett, DH82
£70012/240.5 mi-2
£70003/250.5 mi-2
£60012/240.51 miEmma Street, Consett, Durham, DH82
£74504/250.51 mi-2
£55012/240.52 mi-2

Local Area Statistics

Population in DH8

38,324

Population in Consett

38,379

Town centre distance

0.04 miles away

Nearest school

0.10 miles away

Nearest train station

7.10 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+9%

Sales demand

Seller's market

Capital growth (5yrs)

+14%

Property History

Price changed to £99,950

January 31, 2025

Price changed to £105,000

November 9, 2024

Listed for £110,000

August 21, 2024

Floor Plans

Description

  • Two Bedroom End Terrace +
  • No Onward Chain +
  • Garage and Driveway +
  • Approximate Floor Area 92 Sq Mtrs/ 990 Sq Ft +
  • Council Tax Band A +
  • EPC Rating E +

This spacious and modern two bedroom end terrace property is located within Consett Town Centre and is offered to the market with no onward chain. The property additionally benefits from a garage and driveway located to the rear of the property and it would make a perfect first time purchase.

Internally, the property briefly comprises of a spacious lounge with feature fireplace and double doors that lead into the dining room with large storage cupboard, a modern kitchen with multiple integrated appliances and an additional utility/cloak cupboard. Upstairs is a bathroom and two well proportioned double sized bedroom - both of which boast integrated wardrobes.
Externally to the rear of the property is a garage and a large yard with gates that allows off road parking for two vehicles.

Spencer Street is located within Consett Town Centre and is within walking distance of the towns many amenities and facilities. Excellent transport links are also accessible close by for commuting to the regional cities of Durham and Newcastle, which are both within 15 miles of the property.

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.

QCO240108/2

Agent Details

YOUR MOVE Chris Stonock, Consett

01207 265949

Next Steps?

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