3 Bed Semi-Detached House, Single Let, Consett, DH8 8AX, £80,000

Thornfield Road, Consett, DH8 8AX - 6 months ago

Sold STC
BTL
ROI: 14%
~74 m²
+4 photos

ValuationUndervalued

Sold Prices£48K - £286.5K
Sold Prices/m²£808/m² - £2K/m²

 

 

Square Metres

~73.67 m²
Price/m²£1.1K/m²

Value Estimate

£88,054
BMV10%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£20,000

Stamp Duty & Legal Fees

£5,200

Total Cash In

£25,200

 

 

Cash Out

 

Rent Range

£625 - £995

Rent Estimate

£700

Running Costs/mo

£410

Cashflow/mo

£290

Cashflow/yr

£3,480

ROI

14%

Gross Yield

11%

Local Sold Prices

39 sold prices from £48K to £286.5K, average is £98K. £808/m² to £2K/m², average is £1.2K/m².

PriceDateDistanceAddressBeds 
£70K05/230.01 mi17, Thornfield Road, Consett, County Durham DH8 8AX3
£100K05/230.09 mi37, Cedar Gardens, Consett, County Durham DH8 8AU3
£75K02/230.13 mi31, The Bye, Consett, County Durham DH8 8AJ3
£80K04/230.13 mi52, Thornfield Road, Consett, County Durham DH8 8AY3
£80.5K05/210.2 mi62, Arkless Grove, The Grove, Consett, County Durham DH8 8AB3
£77.5K10/200.33 mi4, Kent Road, Consett, County Durham DH8 8HN3
£80K06/230.37 mi48, Surrey Crescent, Consett, County Durham DH8 8HU3
£95K04/210.5 mi67, Dunelm Road, Consett, County Durham DH8 8HR3
£71K10/200.64 mi23, Norfolk Road, Consett, County Durham DH8 8DD3
£87K12/220.64 mi29, Norfolk Road, Consett, County Durham DH8 8DD3
£110K02/230.64 mi15, Lincoln Road, Consett, County Durham DH8 8EB3
£98K12/210.65 mi143, Surrey Crescent, Consett, Durham DH8 8DF3
£100K04/230.7 mi6, Derby Drive, Consett, County Durham DH8 8DA3
£48K06/230.74 mi9, York Avenue, Consett, County Durham DH8 8DS3
£86.5K05/230.74 mi1, York Avenue, Consett, County Durham DH8 8DS3
£85K12/220.75 mi5, Lancaster Road, Consett, County Durham DH8 8DR3
£126K05/230.77 mi21, Cumberland Road, Consett, County Durham DH8 8DW3
£129.9K12/220.79 mi57, Warwick Avenue, Consett, County Durham DH8 8DP3
£138K03/230.8 mi43, Fenwick Way, Consett, County Durham DH8 5FD3
£105K11/200.8 mi12, Generation Place, Consett, Durham DH8 5XT3
£103.5K10/200.83 mi12, Wesley Terrace, Consett, County Durham DH8 9QB3
£135K05/230.84 mi20, Romany Drive, Consett, County Durham DH8 5XL3
£96K05/230.84 mi98, Fenwick Way, Consett, County Durham DH8 5FE3
£80K07/210.85 mi18, Park Terrace, Castleside, Consett, Durham DH8 9QF3
£145K01/230.85 mi82, Essex Avenue, Consett, County Durham DH8 8DG3
£162K01/230.87 mi26, Wesley Gardens, Consett, County Durham DH8 9QE3
£78.5K10/210.88 mi16, High Ridge, Consett, County Durham DH8 8TJ3
£95.5K12/200.89 mi10, Dale Court, Consett, Durham DH8 5DJ3
£118.5K04/230.9 mi12, The Green, Consett, County Durham DH8 5BG3
£113K07/210.9 mi6, The Green, Consett, County Durham DH8 5BG3
£145K06/210.9 mi12, Hillgarth, Castleside, Consett, Durham DH8 9QD3
£180K11/200.91 mi42, Stuart Court, Consett, Durham DH8 5GA3
£155K07/210.91 mi53, Stuart Court, Consett, Durham DH8 5GA3
£135K02/230.91 mi62, Berry Edge Road, Consett, County Durham DH8 5DS3
£91K03/210.91 mi3, Cragside Court, Consett, Durham DH8 8TG3
£141K04/210.94 mi17, Maudville, Consett, Durham DH8 9QG3
£286.5K10/200.97 mi39, Barley Mill Road, Consett, Durham DH8 8JS3
£93K12/200.99 mi37, St Marys Crescent, Consett, County Durham DH8 8PA3
£90K02/231 mi11, Chaytor Road, Consett, County Durham DH8 8QA3

Local Rents

11 rents from £625/mo to £995/mo, average is £725/mo.

RentDateDistanceAddressBeds 
£99512/240.46 mi-3
£75012/240.8 mi-3
£77003/250.8 mi-3
£62512/240.94 mi-3
£72512/240.97 miSpiro Court, Consett, Durham, DH83
£71512/240.97 mi-3
£69512/241.08 mi-3
£72503/251.1 mi-3
£72501/251.11 mi-3
£79501/251.13 mi-3
£77502/251.21 mi-3

Local Area Statistics

Population in DH8

38,324

Population in Consett

38,379

Town centre distance

1.04 miles away

Nearest school

1 miles away

Nearest train station

7.39 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+9%

Sales demand

Seller's market

Capital growth (5yrs)

+14%

Property History

Listed for £80,000

September 19, 2024

Floor Plans

Description

  • Vacant Possession & No Chain Involved +
  • Three Good Sized Bedrooms +
  • Ideal Starter / Investment Property +
  • Large Corner Plot +
  • Deceptively Spacious +
  • Refurbished Throughout +

Refurbished three bedroom semi detached property situated on a large corner plot in the ever popular Thornfield Road, Consett. Deceptively spacious, this ready made home would make an ideal purchase for any buyer looking for a versatile property still with heaps of potential. Entering the property through the hallway leads through to the large lounge, fully fitted modern kitchen with a range of wall and and base units, bathroom and separate WC.  To the first floor are three good sized bedrooms. Externally the property benefits from gardens to front, rear and side with the added benefit of off street parking to the side. The property is to be sold with no chain involved and vacant possession. EARLY VIEWING IS RECOMMENDED. Thornfield Road is situated in The Grove, which is a reasonably large residential estate, built by the local authority in the 1950s. Approximately 1 mile from the edge of Consett and the expanding retail park that has seen the addition of a large Tesco Extra and a B&Q store in 2013, the property is relatively close to a good range of facilities, with road links to Northumberland via Consett Road and the A68, and to Durham and Newcastle via the A691 and A692.

Disclaimer Whilst we make enquiries with the Seller to ensure the information provided is accurate, Yopa makes no representations or warranties of any kind with respect to the statements contained in the particulars which should not be relied upon as representations of fact. All representations contained in the particulars are based on details supplied by the Seller. Your Conveyancer is legally responsible for ensuring any purchase agreement fully protects your position. Please inform us if you become aware of any information being inaccurate. Money Laundering Regulations Should a purchaser(s) have an offer accepted on a property marketed by Yopa, they will need to undertake an identification check and asked to provide information on the source and proof of funds. This is done to meet our obligation under Anti Money Laundering Regulations (AML) and is a legal requirement. We use a specialist third party service together with an in-house compliance team to verify your information. The cost of these checks is £70 +VAT per purchase, which is paid in advance, when an offer is agreed and prior to a sales memorandum being issued. This charge is non-refundable under any circumstances.

Agent Details

Yopa, Scotland & The North

0161 524 0574

Next Steps?

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