2 Bed Terraced House, Refurb/BRRR, Consett, DH8 9QJ, £89,950

1A Walton Terrace, Castleside, Consett, DH8 9QJ - 6 months ago

Refurb/BRRR
ROI: 2%
~86 m²
+11 photos

ValuationFair Value











Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£22,488

Stamp Duty & Legal Fees

£5,698

Refurb Costs

£32,819

Bridging Loan Interest

£2,361

Total Cash In

£65,115

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£129,644

Mortgage (After Refinance)

£97,233

Mortgage LTV

75%

Cash Released

£29,771

Cash Left In

£35,345

Equity

£32,411

Rent Range

£370 - £1,150

Rent Estimate

£694

Running Costs/mo

£564

Cashflow/mo

£130

Cashflow/yr

£1,560

ROI

2%

Gross Yield

9%













Local Rents

50 rents from £370/mo to £1.1K/mo, average is £698/mo.

RentDateDistanceAddressBeds 
£65011/240.47 mi-2
£55012/241.1 miPriestman Avenue, The Grove, Consett, Durham, DH82
£65012/241.15 miArkless Grove, The Grove, Consett, Durham, DH8 8AB2
£99512/241.44 mi-3
£1,15003/251.69 mi-4
£1,15003/251.69 mi-4
£67510/241.77 mi-2
£75012/241.79 mi-3
£77003/251.79 mi-3
£60012/241.8 mi-2
£1,00012/241.82 miFenwick Way, Consett4
£60012/241.83 mi-2
£72512/241.83 miSpiro Court, Consett, Durham, DH83
£60001/251.84 mi-2
£55012/241.84 miKnitsley Gardens, Consett2
£55012/241.86 mi-2
£60012/241.86 miThe Green, Consett, County Durham, DH82
£62512/241.87 mi-3
£47512/241.92 mi-2
£55012/241.93 miConstance Street, Consett, County Durham, DH82
£69512/241.95 mi-3
£72012/241.95 mi-2
£71512/241.98 mi-3
£60012/242.02 mi-2
£79512/242.04 miAskrigg Close, Consett3
£49512/242.05 mi-1
£51010/242.05 mi-1
£79501/252.05 mi-3
£72501/252.06 mi-3
£37012/242.08 miChurch Street, Consett, DH81
£72503/252.09 mi-3
£70012/242.09 mi-2
£70003/252.09 mi-2
£70012/242.09 miDerwent Mews, Blackhill, Consett, DH82
£52503/252.1 mi-2
£47512/242.11 mi-2
£80012/242.12 mi-3
£79012/242.13 mi-3
£79012/242.13 miDeepdale Drive, Consett, DH83
£60012/242.2 mi-2
£77502/252.2 mi-3
£1,05011/242.22 mi-5
£90012/242.22 mi-2
£90012/242.22 mi-3
£49512/242.22 miCleadon Street, Consett, Durham, DH81
£55012/242.22 mi-2
£79503/252.23 mi-2
£95012/242.23 mi-4
£52512/242.24 miSouthernwood, Consett2
£50012/242.25 miBeverley Gardens, Consett, County Durham, DH82

Local Area Statistics

Population in DH8

38,324

Population in Consett

38,379

Town centre distance

2.05 miles away

Nearest school

0.10 miles away

Nearest train station

7.95 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+9%

Sales demand

Seller's market

Capital growth (5yrs)

+14%

Property History

Price changed to £89,950

February 12, 2025

Price changed to £81,000

December 7, 2024

Price changed to £100,000

November 9, 2024

Listed for £110,000

October 8, 2024

Floor Plans

Description

  • END TERRACE PROPERTY +
  • STONE BUILT +
  • PERFECT FOR FIRST TIME BUYERS +
  • INVESTMENT OPPORTUNITY +
  • NO ONWARD CHAIN +
  • TWO DOUBLE BEDROOMS +
  • DETACHED GARAGE +

Presented for sale is a charming two-bedroom terraced house, brimming with potential. Although in need of renovation, this property offers an excellent opportunity for couples seeking to craft their perfect home.

The house comprises of a single, spacious reception room with high ceilings that give the space an airy and open feel. Natural light is abundant throughout, helping to create a welcoming environment. The open-plan kitchen, which requires updating, is bathed in natural light and includes a dining space. The potential for further development in this area is immense, providing the perfect canvas to create a delightful cooking and entertaining space.

The property boasts two well-proportioned bedrooms. The first bedroom is a spacious double room with plenty of natural light, while the second is a single room, also benefiting from natural light. The bathroom also requires updating, providing another opportunity for personalisation.

Unique features of this property include an open-plan living area and a garage, adding further convenience and potential for the new homeowners.

The property has an EPC rating of D and falls under council tax band A.

Located in a peaceful area, this home offers excellent public transport links and is within proximity to local schools. For those who enjoy the outdoors, the property is in close vicinity to various walking routes.

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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