3 Bed Terraced House, Cash/Bridging Only, Consett, DH8 7QD, £55,000
Park Terrace, Leadgate, Consett, DH8 7QD - 1 views - 6 months ago
Sold STC
Cash
ROI: 8%
~83 m²





+10 photos
ValuationFair Value
Sold Prices | £60K - £176K |
Sold Prices/m² | £824/m² - £2.2K/m² |
| |
Square Metres | ~83.40 m² |
Price/m² | £659/m² |
Value Estimate | £55,550 |
| |
End Value (After Refurb) | £116,157 |
Uplift in Value | +111% |
Investment Opportunity
Cash In | |
Purchase Finance | Bridging Loan |
Deposit (25%) | £13,750 |
Stamp Duty & Legal Fees | £3,950 |
Refurb Costs | £32,009 |
Bridging Loan Interest | £1,444 |
Total Cash In | £52,903 |
| |
Cash Out | |
Monetisation | FlipRefinance & Rent |
Estimated Sale Price | £116,157 |
Agent Fees (1%) | £1,162 |
Bridging Loan | £41,250 |
Bridging Loan Interest | £1,444 |
Flip Profit | £20,842 |
Local Sold Prices
26 sold prices from £60K to £176K, average is £110.5K. £824/m² to £2.2K/m², average is £1.2K/m².
Local Rents
10 rents from £600/mo to £2.9K/mo, average is £710/mo.
Local Area Statistics
Population in DH8 | 38,324 |
Population in Consett | 38,379 |
Town centre distance | 1.46 miles away |
Nearest school | 0.10 miles away |
Nearest train station | 7.58 miles away |
| |
Rental demand | Balanced market |
Rental growth (12m) | +9% |
Sales demand | Seller's market |
Capital growth (5yrs) | +14% |
Property History
Price changed to £55,000
December 10, 2024
Listed for £69,950
October 12, 2024
Floor Plans

Description
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