3 Bed Semi-Detached House, Refurb/BRRR, Consett, DH8 9QE, £154,950

29 Wesley Gardens, Consett, DH8 9QE - 6 months ago

Refurb/BRRR
ROI: 1%
~99 m²
+15 photos

ValuationOvervalued

Sold Prices£48K - £162K
Sold Prices/m²£808/m² - £2K/m²

 

 

Square Metres

~99.02 m²
Price/m²£1.6K/m²

Value Estimate

£121,871

 

 

End Value (After Refurb)

£146,186

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£38,738

Stamp Duty & Legal Fees

£9,547

Refurb Costs

£38,004

Bridging Loan Interest

£4,067

Total Cash In

£92,106

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£146,186

Mortgage (After Refinance)

£109,639

Mortgage LTV

75%

Cash Left In

£92,106

Equity

£36,546

Rent Range

£370 - £1,150

Rent Estimate

£702

Running Costs/mo

£617

Cashflow/mo

£85

Cashflow/yr

£1,017

ROI

1%

Gross Yield

5%

Local Sold Prices

27 sold prices from £48K to £162K, average is £100K. £808/m² to £2K/m², average is £1.2K/m².

PriceDateDistanceAddressBeds 
£162K01/230.04 mi26, Wesley Gardens, Consett, County Durham DH8 9QE3
£80K07/210.05 mi18, Park Terrace, Castleside, Consett, Durham DH8 9QF3
£145K06/210.07 mi12, Hillgarth, Castleside, Consett, Durham DH8 9QD3
£145K01/230.07 mi82, Essex Avenue, Consett, County Durham DH8 8DG3
£103.5K10/200.1 mi12, Wesley Terrace, Consett, County Durham DH8 9QB3
£141K04/210.1 mi17, Maudville, Consett, Durham DH8 9QG3
£126K05/230.13 mi21, Cumberland Road, Consett, County Durham DH8 8DW3
£48K06/230.19 mi9, York Avenue, Consett, County Durham DH8 8DS3
£86.5K05/230.19 mi1, York Avenue, Consett, County Durham DH8 8DS3
£100K04/230.2 mi6, Derby Drive, Consett, County Durham DH8 8DA3
£150K09/210.2 mi9, Belle View Drive, Consett, Durham DH8 9RB3
£130K07/230.2 mi10, Belle View Drive, Consett, County Durham DH8 9RB3
£129.9K12/220.24 mi57, Warwick Avenue, Consett, County Durham DH8 8DP3
£98K12/210.25 mi143, Surrey Crescent, Consett, Durham DH8 8DF3
£85K12/220.26 mi5, Lancaster Road, Consett, County Durham DH8 8DR3
£71K10/200.26 mi23, Norfolk Road, Consett, County Durham DH8 8DD3
£87K12/220.26 mi29, Norfolk Road, Consett, County Durham DH8 8DD3
£116K03/210.3 mi49, Consett Road, Consett, Durham DH8 9QL3
£115K11/220.32 mi5, Moorland View, Consett, County Durham DH8 9QU3
£110K02/230.35 mi15, Lincoln Road, Consett, County Durham DH8 8EB3
£95K04/210.43 mi67, Dunelm Road, Consett, County Durham DH8 8HR3
£80K06/230.53 mi48, Surrey Crescent, Consett, County Durham DH8 8HU3
£77.5K10/200.57 mi4, Kent Road, Consett, County Durham DH8 8HN3
£80K04/230.8 mi52, Thornfield Road, Consett, County Durham DH8 8AY3
£75K02/230.87 mi31, The Bye, Consett, County Durham DH8 8AJ3
£70K05/230.89 mi17, Thornfield Road, Consett, County Durham DH8 8AX3
£100K05/230.96 mi37, Cedar Gardens, Consett, County Durham DH8 8AU3

Local Rents

50 rents from £370/mo to £1.1K/mo, average is £700/mo.

RentDateDistanceAddressBeds 
£65011/240.37 mi-2
£55012/240.98 miPriestman Avenue, The Grove, Consett, Durham, DH82
£65012/241.03 miArkless Grove, The Grove, Consett, Durham, DH8 8AB2
£99512/241.3 mi-3
£1,15003/251.57 mi-4
£1,15003/251.57 mi-4
£67510/241.64 mi-2
£75012/241.65 mi-3
£77003/251.65 mi-3
£60012/241.66 mi-2
£60012/241.66 mi-2
£72512/241.67 miSpiro Court, Consett, Durham, DH83
£60001/251.67 mi-2
£55012/241.68 miKnitsley Gardens, Consett2
£55012/241.69 mi-2
£1,00012/241.7 miFenwick Way, Consett4
£60012/241.71 miThe Green, Consett, County Durham, DH82
£47512/241.78 mi-2
£55012/241.78 miConstance Street, Consett, County Durham, DH82
£62512/241.79 mi-3
£72012/241.8 mi-2
£79512/241.87 miAskrigg Close, Consett3
£71512/241.87 mi-3
£60012/241.88 mi-2
£69512/241.89 mi-3
£37012/241.93 miChurch Street, Consett, DH81
£80001/251.94 mi-3
£72503/251.95 mi-3
£79012/241.95 mi-3
£79012/241.95 miDeepdale Drive, Consett, DH83
£52503/251.96 mi-2
£49512/241.98 mi-1
£51010/241.98 mi-1
£72502/251.98 mi-3
£79502/251.98 mi-3
£70012/241.99 mi-2
£70003/251.99 mi-2
£70012/241.99 miDerwent Mews, Blackhill, Consett, DH82
£47512/242.02 mi-2
£60012/242.06 mi-2
£77502/252.06 mi-3
£1,05011/242.06 mi-5
£90012/242.06 mi-2
£90012/242.06 mi-3
£55012/242.06 mi-2
£74503/252.07 mi-2
£95012/242.08 mi-4
£49512/242.08 miCleadon Street, Consett, Durham, DH81
£52512/242.09 miSouthernwood, Consett2
£75012/242.1 mi-3

Local Area Statistics

Population in DH8

38,324

Population in Consett

38,379

Town centre distance

1.91 miles away

Nearest school

0.30 miles away

Nearest train station

7.98 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+9%

Sales demand

Seller's market

Capital growth (5yrs)

+14%

Property History

Price changed to £154,950

January 19, 2025

Listed for £159,950

September 28, 2024

Floor Plans

Description

  • SEMI DETACHED PROPERTY +
  • NO ONWARD CHAIN +
  • IN NEED OF SOME MODERNISATION +
  • THREE BEDROOMS +
  • SPACIOUS REAR GARDEN +
  • OFF ROAD PARKING +
  • ATTACHED GARAGE +

Presented for sale, this semi-detached house boasts a unique character and is brimming with potential. While it currently requires some modernising, it offers an excellent opportunity for those looking to make their mark on a property and turn it into a dream home.

The property comprises of a total of three bedrooms. Two of these are spacious double rooms, one of which benefits from built-in wardrobes, providing ample storage space. The third bedroom is a comfortable single room, perfect for use as a guest room or a home office.

This property features a kitchen that is flooded with natural light and provides direct access to the garden.

The living areas in this house offer versatile spaces that can be adapted to meet your individual needs. There are two reception rooms, with the first being an open-plan lounge, perfect for relaxing and unwinding. The second reception room serves as a designated dining area, providing a formal setting for meals.

One of the standout features of this property is the expansive rear garden. It has been well maintained and features a large grass area, perfect for children or pets to run around, and a decked area ideal for hosting barbecues or enjoying a quiet morning coffee.

Completing the property's offering is a garage, providing convenient off-street parking or additional storage. Its location is also noteworthy, being particularly suited to those who enjoy walking routes.

In all, this property provides a great opportunity for someone looking to create their perfect home.

Agent Details

Hunters, Consett

01207 265957

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

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