2 Bed Semi-Detached House, Cash/Bridging Only, Consett, DH8 5GA, £124,950

Stuart Court, Consett, Co. Durham, DH8 5GA - 7 months ago

Sold STC
Cash
ROI: 2%
~62 m²
+19 photos

ValuationOvervalued

Sold Prices£39K - £155K
Sold Prices/m²£643/m² - £2.3K/m²

 

 

Square Metres

~62 m²
Price/m²£2K/m²

Value Estimate

£72,054

 

 

End Value (After Refurb)

£117,375

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£31,238

Stamp Duty & Legal Fees

£7,448

Refurb Costs

£23,796

Bridging Loan Interest

£3,280

Total Cash In

£67,511

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£117,375

Mortgage (After Refinance)

£88,031

Mortgage LTV

75%

Cash Left In

£67,511

Equity

£29,344

Rent Range

£475 - £900

Rent Estimate

£611

Running Costs/mo

£509

Cashflow/mo

£102

Cashflow/yr

£1,224

ROI

2%

Gross Yield

6%

Local Sold Prices

50 sold prices from £39K to £155K, average is £82K. £643/m² to £2.3K/m², average is £1.2K/m².

PriceDateDistanceAddressBeds 
£115K05/210 mi52, Stuart Court, Consett, Durham DH8 5GA2
£126K05/230.07 mi3, Georgia Court, Consett, County Durham DH8 5XN2
£105K08/210.09 mi66, Romany Drive, Consett, Durham DH8 5XL2
£88K10/210.09 mi5, Dale Court, Consett, Durham DH8 5DJ2
£88K11/200.12 mi35, Constance Street, Consett, Durham DH8 5DU2
£120K05/230.12 mi49, Berry Edge Road, Consett, County Durham DH8 5DS2
£72.5K09/210.12 mi58, Berry Edge Road, Consett, Durham DH8 5DS2
£105K04/230.12 mi39, Berry Edge Road, Consett, County Durham DH8 5DS2
£87.5K11/210.14 mi54, Edith Street, Consett, Durham DH8 5DN2
£75K07/210.14 mi37, Edith Street, Consett, County Durham DH8 5DN2
£88K01/230.14 mi38, Edith Street, Consett, County Durham DH8 5DN2
£45K04/210.15 mi4, Steel Street, Consett, Durham DH8 5EF2
£86K10/200.15 mi3, Steel Street, Consett, Durham DH8 5EF2
£84K06/230.17 mi5, Bertha Street, Consett, County Durham DH8 5DZ2
£66K02/210.18 mi2, Alexandra Street, Consett, Durham DH8 5DR2
£49K12/200.18 mi20, Alexandra Street, Consett, Durham DH8 5DR2
£65K04/230.32 mi116, Medomsley Road, Consett, County Durham DH8 5HS2
£132K08/210.32 mi45, Medomsley Road, Consett, County Durham DH8 5HG2
£50K01/210.34 mi6, Unsworth Gardens, Consett, County Durham DH8 5RX2
£76K04/210.36 mi1, Kelvin Gardens, Consett, County Durham DH8 5RU2
£87.5K03/230.37 mi9, Barr Hills, Consett, County Durham DH8 5NB2
£110K12/220.37 mi18, Temple Forge Mews, Consett, County Durham DH8 5RZ2
£80K07/210.39 mi32, Taylor Street, Consett, Durham DH8 5RS2
£68K10/210.41 mi9, West Parade, Consett, County Durham DH8 5RR2
£80K05/230.41 mi34, Aynsley Terrace, Consett, County Durham DH8 5NQ2
£95K01/230.42 mi28, West Parade, Consett, County Durham DH8 5RR2
£39K04/230.43 mi4, Cobden Street, Consett, County Durham DH8 6AH2
£88K09/210.45 mi61, Gill Street, Consett, Durham DH8 7JT2
£75K04/230.45 mi50, Gill Street, Consett, County Durham DH8 7JT2
£47.5K11/200.45 mi37, Gill Street, Consett, Durham DH8 7JT2
£68K03/230.47 mi8, Allison Street, Consett, County Durham DH8 5JD2
£101K06/230.47 mi12, St Aidans Street, Consett, County Durham DH8 5ST2
£75K09/210.47 mi12, St Aidans Street, Consett, Durham DH8 5ST2
£75K10/200.48 mi6, Gladstone Gardens, Consett, County Durham DH8 6AR2
£75K07/230.48 mi1, Gladstone Gardens, Consett, County Durham DH8 6AR2
£125K02/210.48 mi19, Spiro Court, Templetown, Consett, County Durham DH8 7NL2
£75K03/210.48 mi36, Spiro Court, Templetown, Consett, County Durham DH8 7NL2
£99K07/230.49 mi14, Park Avenue, Consett, County Durham DH8 6AS2
£90K01/210.49 mi1, St Aidans Place, Consett, County Durham DH8 5SU2
£68K04/210.49 mi18, Forster Street, Consett, Durham DH8 7JU2
£78.5K12/200.5 mi21, Spiro Court, Templetown, Consett, County Durham DH8 7NL2
£155K06/230.5 mi41, Spiro Court, Templetown, Consett, County Durham DH8 7NL2
£85K03/230.51 mi14, Windsor Gardens, Consett, County Durham DH8 7JW2
£71K02/210.51 mi4, Tyne Street, Consett, County Durham DH8 6NN2
£94K09/210.52 mi9, Forster Street, Consett, County Durham DH8 7JU2
£87K12/220.52 mi6, Forster Street, Consett, County Durham DH8 7JU2
£88K10/210.52 mi6, Dixon Street, Consett, Durham DH8 5UE2
£48.5K04/210.52 mi8, Dixon Street, Consett, Durham DH8 5UE2
£80K06/210.52 mi13, Windsor Gardens, Consett, Durham DH8 7JW2
£62.5K04/210.52 mi9, Balfour Gardens, Consett, Durham DH8 5JL2

Local Rents

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

RentDateDistanceAddressBeds 
£60012/240.12 mi-2
£47512/240.12 mi-2
£55012/240.14 miConstance Street, Consett, County Durham, DH82
£60012/240.15 mi-2
£60012/240.17 miThe Green, Consett, County Durham, DH82
£52503/250.2 mi-2
£67510/240.2 mi-2
£60012/240.3 mi-2
£50012/240.35 miBeverley Gardens, Consett, County Durham, DH82
£72012/240.35 mi-2
£60012/240.39 mi-2
£52512/240.4 miSouthernwood, Consett2
£90012/240.43 mi-2
£62512/240.43 miRosemary Close, Consett2
£47512/240.48 mi-2
£55012/240.51 miGladstone Gardens, Consett, Durham, DH82
£74504/250.52 mi-2
£55012/240.53 mi-2
£60012/240.54 mi-2
£55012/240.56 mi-2
£70012/240.56 miDerwent Mews, Blackhill, Consett, DH82
£70012/240.56 mi-2
£70003/250.56 mi-2
£60001/250.58 mi-2
£55012/240.58 miKnitsley Gardens, Consett2

Local Area Statistics

Population in DH8

38,324

Population in Consett

38,379

Town centre distance

0.15 miles away

Nearest school

0.10 miles away

Nearest train station

7.20 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+9%

Sales demand

Seller's market

Capital growth (5yrs)

+14%

Property History

Price changed to £124,950

October 18, 2024

Listed for £130,000

September 5, 2024

Floor Plans

Description

  • Two-bedroom semi-detached home +
  • Located in a well-established estate +
  • Short walk to Consett town centre +
  • Ideal for first-time buyers +
  • Conservatory at the rear overlooking the garden +
  • Includes entrance porch, lounge, WC, kitchen, and inner hallway +
  • Two bedrooms and wet room/WC on the first floor +
  • Gas central heating and uPVC double glazing +
  • Freehold property with Council Tax band A +
  • Virtual and 360-degree tours available, EPC rating C (71) +

This charming two-bedroom semi-detached home is situated in a well-established estate, just a short walk from Consett town centre-perfect for first-time buyers. The property features a conservatory at the rear with views of the garden. The layout includes an entrance porch, lounge, inner hallway, WC, kitchen, conservatory, two bedrooms, and a wet room/WC on the first floor. Additional benefits include gas central heating, uPVC double glazing, and an EPC rating of C (71). The property is freehold, in Council Tax band A, with virtual and 360-degree tours available. 

ENTRANCE PORCH 3' 7" x 3' 2" (1.11m x 0.97m) uPVC double glazed entrance door, tiled floor, double radiator an a door to the lounge. 

LOUNGE Tiled floor, uPVC double glazed window, stairs to the first floor, one double and one single radiator, telephone point, TV aerial point and a door leading to the hallway. 

INNER HALLWAY Tiled floor and doors leading to the WC and kitchen. 

W/C WC, wash basin with tiled splash-back, tiled floor, uPVC double glazed window, ceiling extractor fan and a single radiator. 

KITCHEN 9' 4" x 10' 3" (2.86m x 3.13m) Fitted with a range of wall and base units with contrasting laminate worktops and tiled splash-backs. Integrated fan assisted electric oven/grill, gas hob with concealed extractor over. Sink with mixer tap, plumbed for a washer and space for a tall fridge/freezer, concealed wall mounted central heating boiler. Tiled floor, uPVC double glazed window, double radiator and a double glazed door leading to the conservatory. 

CONSERVATORY 10' 11" x 9' 1" (3.34m x 2.77m) Overlooking the rear garden with brick base and uPVC double glazed windows, French doors and tiled floor. 

FIRST FLOOR  

LANDING Single radiator, loft access hatch and doors leading to the bedrooms and wet room. 

BEDROOM 1 (TO THE FRONT) 11' 8" x 10' 3" (3.58m x 3.13m) Airing cupboard housing the hot water tank, single radiator and a uPVC double glazed window. 

BEDROOM 2 (TO THE REAR) 7' 9" x 10' 3" (2.37m x 3.13m) Single radiator and a uPVC double glazed window. 

WET ROOM/WC 4' 10" x 7' 1" (1.48m x 2.17m) A wet room with part-tiled walls, electric shower , curtain and rail, WC, pedestal wash basin, single radiator, ceiling extractor fan and a uPVC double glazed window. 

EXTERNAL  

TO THE FRONT & SIDE Open plan lawn and a long driveway to the side providing off-street parking for several vehicles. 

TO THE REAR Paved patio, cold water supply tap, lawn, mature shrubs, enclosed by timber fence. 

HEATING Gas fired central heating via boiler and radiators. 

GLAZING uPVC double glazing installed. 

ENERGY EFFICIENCY EPC rating C (71). Please speak to a member of staff for a copy of the full Energy Performance Certificate. 

TENURE We understand that the property is freehold. We would recommend that any purchaser has this confirmed by their legal advisor.  

COUNCIL TAX The property is in Council Tax band A (£1,621) 

VIEWINGS We have created a virtual tour which can be viewed on our YouTube channel, our website, property portals and our social media accounts such as Facebook, Twitter and Instagram. To arrange a viewing please contact the office.  

MAKING AN OFFER Please note that all offers will require financial verification including mortgage agreement in principle, proof of deposit funds, proof of available cash and full chain details including selling agents and solicitors down the chain. Under New Money Laundering Regulations we require proof of identification from all buyers before acceptance letters are sent and solicitors can be instructed. 

MORTGAGE ADVICE We have independent mortgage advisers within our branch, who will search the whole market to find the best suitable mortgage and help you progress through the process. Contact our office to arrange a telephone or office appointment.  

AGENTS NOTE Whilst we endeavour to make our particulars accurate and reliable, they should not be relied on as a statement or representations of fact, and do not constitute any part of an offer or contract. The owner does not make or give, nor do we or our employees have authority to make or give any representation or warranty in relation to the property. We have not checked or tested any appliances mentioned (including heating systems or electrical fittings) therefore working order cannot be confirmed. All measurements are given to the nearest 5cm.

Agent Details

David Bailes, Stanley

01207 265903

Next Steps?

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