3 Bed Terraced House, Refurb/BRRR, Consett, DH8 5NG, £129,950

1 Hutchinson Avenue, Consett, DH8 5NG - 1 views - 6 months ago

Refurb/BRRR
ROI: 4%
~87 m²
+13 photos

ValuationOvervalued

Sold Prices£76K - £214K
Sold Prices/m²£628/m² - £2.1K/m²

 

 

Square Metres

~86.57 m²
Price/m²£1.5K/m²

Value Estimate

£108,230

 

 

End Value (After Refurb)

£127,500

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£32,488

Stamp Duty & Legal Fees

£7,698

Refurb Costs

£33,226

Bridging Loan Interest

£3,411

Total Cash In

£78,572

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£127,500

Mortgage (After Refinance)

£95,625

Mortgage LTV

75%

Cash Left In

£78,572

Equity

£31,875

Rent Range

£600 - £2,850

Rent Estimate

£854

Running Costs/mo

£589

Cashflow/mo

£265

Cashflow/yr

£3,177

ROI

4%

Gross Yield

8%

Local Sold Prices

50 sold prices from £76K to £214K, average is £122K. £628/m² to £2.1K/m², average is £1.4K/m².

PriceDateDistanceAddressBeds 
£125K01/210.06 mi37, Aynsley Terrace, Consett, Durham DH8 5NQ3
£88.5K05/210.07 mi6, Barr House Avenue, Consett, County Durham DH8 5NE3
£153.5K10/210.1 mi171, Medomsley Road, Consett, Durham DH8 5HU3
£137K12/210.11 mi135, Medomsley Road, Consett, County Durham DH8 5HL3
£101K04/210.16 mi9, Clarendon Street, Consett, Durham DH8 5LS3
£115K12/200.17 mi4, The Crescent, Consett, County Durham DH8 5JE3
£96K02/210.17 mi85, The Crescent, Consett, County Durham DH8 5JE3
£214K06/210.18 mi30, Green Street, Consett, Durham DH8 5LP3
£104.5K02/210.19 mi7, Chartwell Place, Consett, County Durham DH8 5JJ3
£127.5K12/200.2 mi10, The Promenade, Consett, Durham DH8 5NJ3
£135K04/210.2 mi268, Medomsley Road, Consett, County Durham DH8 5JW3
£150K07/230.23 mi5, Clarence Gardens, Consett, County Durham DH8 5TU3
£82K09/210.28 mi298, Medomsley Road, Consett, County Durham DH8 5JP3
£110K12/200.28 mi302, Medomsley Road, Consett, County Durham DH8 5JP3
£76K10/210.3 mi185, Durham Road, Blackhill, Consett, County Durham DH8 5UQ3
£105K03/230.3 mi185, Durham Road, Blackhill, Consett, County Durham DH8 5UQ3
£135K01/230.31 mi30, Gladstone Street, Consett, County Durham DH8 6AQ3
£140K01/230.32 mi8, Cardoon Road, Consett, County Durham DH8 6GG3
£130K03/230.32 mi12, Cardoon Road, Consett, County Durham DH8 6GG3
£124K11/200.32 mi33, Ashdale Road, Consett, Durham DH8 6AU3
£115K07/210.33 mi6, Park Avenue, Consett, County Durham DH8 6AS3
£151.3K03/230.34 mi10, Oakdale Road, Consett, County Durham DH8 6AT3
£135K05/210.35 miCory House, Brockwell Lane, Consett, County Durham DH8 5UP3
£97K12/200.36 mi21, Southernwood, Consett, Durham DH8 6GD3
£180K11/200.36 mi42, Stuart Court, Consett, Durham DH8 5GA3
£155K07/210.36 mi53, Stuart Court, Consett, Durham DH8 5GA3
£84K02/210.36 mi29, Laburnum Avenue, Consett, Durham DH8 5SZ3
£183K11/200.36 mi7, Balmoral Grove, Consett, Durham DH8 6DE3
£100K05/210.37 mi43, Villa Real Road, Consett, County Durham DH8 6BL3
£97.5K12/220.37 mi32, Dixon Street, Consett, County Durham DH8 5UE3
£80K08/210.38 mi31, Dixon Street, Consett, Durham DH8 5UE3
£150K07/230.39 mi26, Laburnum Avenue, Consett, County Durham DH8 5TD3
£135K05/230.42 mi20, Romany Drive, Consett, County Durham DH8 5XL3
£78K11/210.43 mi12, Roger Street, Consett, County Durham DH8 5SX3
£130K11/210.43 mi13, Roger Street, Consett, Durham DH8 5SX3
£95.5K12/200.43 mi10, Dale Court, Consett, Durham DH8 5DJ3
£135K02/230.43 mi62, Berry Edge Road, Consett, County Durham DH8 5DS3
£140K06/210.44 mi28, Elsdon Gardens, Consett, Durham DH8 5NS3
£169.9K12/220.44 mi27, Elsdon Gardens, Consett, County Durham DH8 5NS3
£183K04/230.44 mi1, Fairways, Consett, County Durham DH8 5NT3
£105K03/210.44 mi9, Ash Grove, Consett, Durham DH8 6EB3
£141K04/230.45 mi17, Meadow Rise, Consett, County Durham DH8 6NS3
£96K05/230.46 mi98, Fenwick Way, Consett, County Durham DH8 5FE3
£138K03/230.48 mi43, Fenwick Way, Consett, County Durham DH8 5FD3
£117K06/230.48 mi6, Palmerston Street, Consett, County Durham DH8 5RF3
£118.5K04/230.48 mi12, The Green, Consett, County Durham DH8 5BG3
£113K07/210.48 mi6, The Green, Consett, County Durham DH8 5BG3
£100K03/210.49 mi8, West Parade, Consett, County Durham DH8 5RR3
£105K11/200.49 mi12, Generation Place, Consett, Durham DH8 5XT3
£120K08/210.5 mi22, Steadings Court, Consett, Durham DH8 6GA3

Local Rents

22 rents from £600/mo to £2.9K/mo, average is £750/mo.

RentDateDistanceAddressBeds 
£72512/240.19 mi-3
£77502/250.19 mi-3
£72503/250.26 mi-3
£90012/240.43 mi-3
£71512/240.44 mi-3
£75012/240.48 mi-3
£77003/250.48 mi-3
£75012/240.53 miSteading Court, Consett3
£72501/250.74 mi-3
£72512/240.74 miSpiro Court, Consett, Durham, DH83
£99512/240.83 mi-3
£62512/240.83 mi-3
£79501/250.83 mi-3
£2,85002/250.92 mi-3
£75012/240.94 miBluebell Close, Leadgate, Consett, DH83
£75012/240.98 mi-3
£69512/241.01 mi-3
£79512/241.03 miAskrigg Close, Consett3
£60012/241.07 mi-3
£79012/241.08 mi-3
£79012/241.08 miDeepdale Drive, Consett, DH83
£80012/241.09 mi-3

Local Area Statistics

Population in DH8

38,324

Population in Consett

38,379

Town centre distance

0.21 miles away

Nearest school

0.20 miles away

Nearest train station

7.01 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+9%

Sales demand

Seller's market

Capital growth (5yrs)

+14%

Property History

Price changed to £129,950

March 20, 2025

Price changed to £139,950

February 20, 2025

Price changed to £149,950

December 11, 2024

Price changed to £154,950

November 1, 2024

Listed for £159,950

September 24, 2024

Floor Plans

Description

  • STONE BUILT PROPERTY +
  • END TERRACE +
  • NO ONWARD CHAIN +
  • INVESTMENT OPPORTUNITY +
  • THREE BEDROOMS +
  • TWO RECEPTION ROOMS +
  • DETACHED GARAGE +

Presenting a remarkable opportunity to purchase an end of terrace house that brings a unique blend of tradition and potential. This property is currently on the market and is in need of modernisation, making it a perfect project for those looking to inject their own style into their next home.

The property offers three bedrooms, two of which are spacious doubles and one a single, making it ideal for families. The home boasts two distinct reception rooms, both complete with beautiful fireplaces and high ceilings. The large windows of the first reception room ensure plenty of natural light, making it a delightful space for relaxation or entertaining.

Additionally, the property includes a kitchen, complete with dining space. However, it requires some updating, offering a chance for the new owners to create a space that truly suits their culinary needs.

The property also features a yard to the rear, providing outdoor space for recreation. The property also benefits from a detached garage ideal for storage.

Located within walking distance of the town centre, the property benefits from the convenience of nearby amenities while also being situated close to local walking routes for those who enjoy the great outdoors.

Despite requiring a touch of modernisation, this house is teeming with potential and character, thanks to the unique features such as fireplaces and high ceilings. With the right vision, this could be transformed into a stunning family home or a fantastic investment opportunity.

Agent Details

Hunters, Consett

01207 265957

Next Steps?

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