2 Bed Terraced House, Single Let, Consett, DH8 5DZ, £73,000

Bertha Street, Consett, County Durham, DH8 5DZ - 7 months ago

BTL
ROI: 8%
~68 m²
+11 photos

ValuationFair Value

Sold Prices£39K - £132K
Sold Prices/m²£643/m² - £2.3K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.1K/m²

Value Estimate

£72,392

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£18,250

Stamp Duty & Legal Fees

£4,850

Total Cash In

£23,100

 

 

Cash Out

 

Rent Range

£475 - £900

Rent Estimate

£500

Running Costs/mo

£348

Cashflow/mo

£152

Cashflow/yr

£1,823

ROI

8%

Gross Yield

8%

Local Sold Prices

50 sold prices from £39K to £132K, average is £82K. £643/m² to £2.3K/m², average is £1.1K/m².

PriceDateDistanceAddressBeds 
£84K06/230 mi5, Bertha Street, Consett, County Durham DH8 5DZ2
£45K04/210.05 mi4, Steel Street, Consett, Durham DH8 5EF2
£86K10/200.05 mi3, Steel Street, Consett, Durham DH8 5EF2
£88K11/200.14 mi35, Constance Street, Consett, Durham DH8 5DU2
£88K01/230.15 mi38, Edith Street, Consett, County Durham DH8 5DN2
£87.5K11/210.15 mi54, Edith Street, Consett, Durham DH8 5DN2
£75K07/210.15 mi37, Edith Street, Consett, County Durham DH8 5DN2
£65K04/230.16 mi116, Medomsley Road, Consett, County Durham DH8 5HS2
£115K05/210.17 mi52, Stuart Court, Consett, Durham DH8 5GA2
£132K08/210.19 mi45, Medomsley Road, Consett, County Durham DH8 5HG2
£126K05/230.2 mi3, Georgia Court, Consett, County Durham DH8 5XN2
£87.5K03/230.21 mi9, Barr Hills, Consett, County Durham DH8 5NB2
£66K02/210.21 mi2, Alexandra Street, Consett, Durham DH8 5DR2
£49K12/200.21 mi20, Alexandra Street, Consett, Durham DH8 5DR2
£88K10/210.22 mi5, Dale Court, Consett, Durham DH8 5DJ2
£120K05/230.23 mi49, Berry Edge Road, Consett, County Durham DH8 5DS2
£72.5K09/210.23 mi58, Berry Edge Road, Consett, Durham DH8 5DS2
£105K04/230.23 mi39, Berry Edge Road, Consett, County Durham DH8 5DS2
£105K08/210.24 mi66, Romany Drive, Consett, Durham DH8 5XL2
£80K05/230.26 mi34, Aynsley Terrace, Consett, County Durham DH8 5NQ2
£68K03/230.31 mi8, Allison Street, Consett, County Durham DH8 5JD2
£39K04/230.31 mi4, Cobden Street, Consett, County Durham DH8 6AH2
£75K10/200.35 mi6, Gladstone Gardens, Consett, County Durham DH8 6AR2
£75K07/230.35 mi1, Gladstone Gardens, Consett, County Durham DH8 6AR2
£99K07/230.35 mi14, Park Avenue, Consett, County Durham DH8 6AS2
£62.5K04/210.36 mi9, Balfour Gardens, Consett, Durham DH8 5JL2
£76K04/210.36 mi1, Kelvin Gardens, Consett, County Durham DH8 5RU2
£50K01/210.36 mi6, Unsworth Gardens, Consett, County Durham DH8 5RX2
£80K07/210.37 mi32, Taylor Street, Consett, Durham DH8 5RS2
£68K10/210.37 mi9, West Parade, Consett, County Durham DH8 5RR2
£95K01/230.38 mi28, West Parade, Consett, County Durham DH8 5RR2
£110K12/220.39 mi18, Temple Forge Mews, Consett, County Durham DH8 5RZ2
£71K02/210.4 mi4, Tyne Street, Consett, County Durham DH8 6NN2
£88K01/210.4 mi7, Northfield View, Consett, Durham DH8 6AW2
£105K03/230.41 mi263, Medomsley Road, Consett, County Durham DH8 5JR2
£106K04/230.41 mi269, Medomsley Road, Consett, County Durham DH8 5JR2
£70K01/210.42 mi87, Sherburn Terrace, Consett, Durham DH8 6NE2
£59K11/200.44 mi6, Park Street, Consett, Durham DH8 5UA2
£47.5K11/200.44 mi37, Gill Street, Consett, Durham DH8 7JT2
£88K09/210.44 mi61, Gill Street, Consett, Durham DH8 7JT2
£75K04/230.44 mi50, Gill Street, Consett, County Durham DH8 7JT2
£85K03/230.45 mi14, Windsor Gardens, Consett, County Durham DH8 7JW2
£101K06/230.46 mi12, St Aidans Street, Consett, County Durham DH8 5ST2
£75K09/210.46 mi12, St Aidans Street, Consett, Durham DH8 5ST2
£88K10/210.46 mi6, Dixon Street, Consett, Durham DH8 5UE2
£48.5K04/210.46 mi8, Dixon Street, Consett, Durham DH8 5UE2
£80K06/210.46 mi13, Windsor Gardens, Consett, Durham DH8 7JW2
£68K04/210.46 mi18, Forster Street, Consett, Durham DH8 7JU2
£90K01/210.46 mi1, St Aidans Place, Consett, County Durham DH8 5SU2
£107.5K11/200.48 mi284, Medomsley Road, Consett, County Durham DH8 5JP2

Local Rents

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

RentDateDistanceAddressBeds 
£52503/250.05 mi-2
£60012/240.13 mi-2
£65004/250.14 mi-2
£60012/240.14 mi-2
£50012/240.18 miBeverley Gardens, Consett, County Durham, DH82
£47512/240.2 mi-2
£55012/240.21 miConstance Street, Consett, County Durham, DH82
£60012/240.25 mi-2
£60012/240.28 miThe Green, Consett, County Durham, DH82
£60012/240.28 mi-2
£52512/240.29 miSouthernwood, Consett2
£62512/240.32 miRosemary Close, Consett2
£67510/240.34 mi-2
£90012/240.35 mi-2
£47512/240.36 mi-2
£55012/240.38 miGladstone Gardens, Consett, Durham, DH82
£72012/240.39 mi-2
£74504/250.47 mi-2
£55012/240.48 mi-2
£60012/240.54 miEmma Street, Consett, Durham, DH82
£70012/240.54 miDerwent Mews, Blackhill, Consett, DH82
£70012/240.54 mi-2
£70003/250.54 mi-2
£60012/240.62 mi-2

Local Area Statistics

Population in DH8

38,324

Population in Consett

38,379

Town centre distance

0.05 miles away

Nearest school

0.10 miles away

Nearest train station

7.15 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+9%

Sales demand

Seller's market

Capital growth (5yrs)

+14%

Property History

Price changed to £73,000

April 2, 2025

Price changed to £68,000

March 20, 2025

Price changed to £70,000

March 12, 2025

Price changed to £72,000

February 28, 2025

Price changed to £74,000

January 31, 2025

Price changed to £76,000

January 19, 2025

Price changed to £78,000

January 8, 2025

Price changed to £80,000

January 1, 2025

Price changed to £72,000

December 18, 2024

Price changed to £74,000

December 12, 2024

Price changed to £76,000

December 4, 2024

Price changed to £78,000

November 28, 2024

Price changed to £80,000

November 21, 2024

Price changed to £72,000

November 13, 2024

Price changed to £74,000

November 7, 2024

Price changed to £76,000

October 31, 2024

Price changed to £78,000

October 25, 2024

Price changed to £80,000

October 19, 2024

Price changed to £83,000

October 12, 2024

Listed for £85,000

October 1, 2024

Floor Plans

Description

  • Buy-to-Let Opportunity +
  • Long Term Tenant Currently Situated +
  • Likely to attract enquiries from Serious Investors & Developers. +
  • Well Maintained Property +
  • Spacious Rooms +
  • INVESTMENT POTENTIAL DETAILED BELOW (Let Property Pack) +

A spacious and well kept 2 bedroom Mid-Terraced located in Consett. There are various valuable amenities within walking distance of the property and it is able to generate rewarding rental returns.

For investors looking for a reliable, long term investment, this is a brilliant opportunity!

The home is in good condition and features 2 bedrooms, lounge, kitchen, 2 ensuite, rear backyard space.

Investment details

It currently produces an annual gross income of £6,000 which could be increased by the new owner to a market rate of £6,888 with long term tenants currently situated. Considering the purchase price, this will make for a worthwhile addition to an investors property portfolio.

For greater detail on this property's investment potential, please see the Let Property Pack linked below.

If you are interested, please call us.

Tenancy Details

The current tenants have lived in the property for several years and have consistently paid their rent for the duration of their stay. They do not have any intentions to move out so hope to remain in the property.

Let Property Sales are committed to facilitating a smooth transaction process and to allow for maximum commitment to the sale from both parties, a fully refundable buyers premium may apply to secure a property. This amount is not an additional cost and is refunded in the event of non completion.

Agent Details

Let Property Sales & Management, Glasgow

0141 673 7973

Next Steps?

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