3 Bed Semi-Detached House, Refurb/BRRR, Consett, DH8 7DA, £100,000

57 Pixley Dell, Consett, DH8 7DA - 7 months ago

Auction
Refurb/BRRR
ROI: 7%
~75 m²
+15 photos

ValuationFair Value

Sold Prices£62K - £310K
Sold Prices/m²£793/m² - £2.5K/m²

 

 

Square Metres

~74.76 m²
Price/m²£1.3K/m²

Value Estimate

£100,000

 

 

End Value (After Refurb)

£117,242

Uplift in Value

+17%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£25,000

Stamp Duty & Legal Fees

£6,200

Refurb Costs

£28,693

Bridging Loan Interest

£2,625

Total Cash In

£64,268

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£117,242

Mortgage (After Refinance)

£87,932

Mortgage LTV

75%

Cash Released

£12,932

Cash Left In

£51,336

Equity

£29,311

Rent Range

£695 - £2,850

Rent Estimate

£954

Running Costs/mo

£577

Cashflow/mo

£377

Cashflow/yr

£4,522

ROI

7%

Gross Yield

11%

Local Sold Prices

39 sold prices from £62K to £310K, average is £122.5K. £793/m² to £2.5K/m², average is £1.6K/m².

PriceDateDistanceAddressBeds 
£119K04/230.04 mi56, Pixley Dell, Delves Lane, Consett, County Durham DH8 7DB3
£168K02/230.16 mi42, College View, Consett, County Durham DH8 7DP3
£142.3K02/230.17 mi101, Greenways, Consett, County Durham DH8 7DH3
£158K11/200.21 mi17, Douai Drive, Consett, County Durham DH8 7DN3
£95.5K03/210.22 mi24, Lea Side, Consett, County Durham DH8 7AD3
£125K08/230.22 mi30, Lea Side, Consett, County Durham DH8 7AD3
£178K02/230.27 mi162, Greenways, Consett, County Durham DH8 7DW3
£145K03/230.28 mi43, Chapel Drive, Delves Lane, Consett, County Durham DH8 7EW3
£95K02/230.31 mi133, Castledene Road, Consett, County Durham DH8 7DZ3
£90.5K07/210.33 mi30, Lumley Drive, Consett, Durham DH8 7DS3
£138K05/230.39 miSunnybrae, Delves Lane, Consett, County Durham DH8 7ER3
£310K05/210.4 mi37, Hownsgill Drive, Consett, County Durham DH8 9ER3
£69K03/230.42 mi8, Shafto Close, Consett, County Durham DH8 7JD3
£72.5K12/200.45 mi117, Castledene Road, Consett, County Durham DH8 7HL3
£69K10/210.46 mi39, Woody Close, Consett, County Durham DH8 7HN3
£65K03/210.46 mi7, Pontop View, Consett, County Durham DH8 7JB3
£159K02/210.49 mi4, Bainbridge Close, Consett, Durham DH8 7EG3
£80K12/200.51 mi57, Iveston Road, Consett, County Durham DH8 7HR3
£170K02/230.53 mi4, Horton Close, Consett, County Durham DH8 7EN3
£127.1K03/210.54 mi20, Deepdale Drive, Consett, County Durham DH8 7EH3
£95K10/210.55 mi71, Castledene Road, Consett, County Durham DH8 7HH3
£175K09/210.58 mi87, Redmire Drive, Consett, County Durham DH8 7EL3
£70K01/210.58 mi50, Old Hall Road, Consett, County Durham DH8 7HU3
£107K06/230.58 mi56, Old Hall Road, Consett, County Durham DH8 7HU3
£180K01/210.6 mi17, Redmire Drive, Consett, Durham DH8 7EL3
£145K02/230.65 mi39, Askrigg Close, Consett, County Durham DH8 7EF3
£70K10/210.66 mi41, Berksyde, Consett, County Durham DH8 7LJ3
£62K02/210.67 mi28, Fairfield, Consett, County Durham DH8 7HA3
£65K02/230.67 mi8, Fairfield, Consett, County Durham DH8 7HA3
£104K02/230.7 mi24, Gloucester Road, Consett, County Durham DH8 7LL3
£77K03/210.7 mi22, Gloucester Road, Consett, County Durham DH8 7LL3
£122.5K09/210.71 mi63, Langdon Close, Consett, Durham DH8 7NG3
£115.5K12/200.71 mi43, Langdon Close, Consett, Durham DH8 7NG3
£170K12/220.74 mi80, Holwick Close, Consett, County Durham DH8 7UJ3
£204K06/230.81 mi34, Grassholme Close, Consett, County Durham DH8 7UL3
£231K08/230.81 mi14, Grassholme Close, Consett, County Durham DH8 7UL3
£88.3K05/230.82 mi18, Third Street, Crookhall, Consett, County Durham DH8 7LT3
£214.5K02/230.86 mi14, Middleton Close, Consett, County Durham DH8 7UQ3
£200K11/220.88 mi19, Middleton Close, Consett, County Durham DH8 7UQ3

Local Rents

11 rents from £695/mo to £2.9K/mo, average is £790/mo.

RentDateDistanceAddressBeds 
£69512/240.22 mi-3
£70012/240.28 miChapel Drive, Consett, DH83
£69501/250.33 mi-3
£79012/240.54 miDeepdale Drive, Consett, DH83
£79012/240.54 mi-3
£80001/250.54 mi-3
£75012/240.58 mi-3
£79512/240.63 miAskrigg Close, Consett3
£2,85002/250.64 mi-3
£72512/241.02 miSpiro Court, Consett, Durham, DH83
£90012/241.12 mi-3

Local Area Statistics

Population in DH8

38,324

Population in Consett

38,379

Town centre distance

1.49 miles away

Nearest school

0.40 miles away

Nearest train station

8.55 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+9%

Sales demand

Seller's market

Capital growth (5yrs)

+14%

Property History

Price changed to £100,000

March 29, 2025

Listed for £119,950

September 2, 2024

Floor Plans

Description

  • SEMI DETACHED PROPERTY +
  • INVESTMENT OPPORTUNITY +
  • NO ONWARD CHAIN +
  • IN NEED OF SOME MODERNISATION +
  • THREE BEDROOMS +
  • GARDEN TO THE REAR +
  • GARAGE +

This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold).
If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The winning bidder will pay £300.00 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.50% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00. These services are optional.

Agent Details

Hunters, Consett

01207 265957

Next Steps?

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