2 Bed Terraced House, Single Let, Consett, DH8 5UF, £70,000

Dixon Street, Consett,DH8 5UF - 6 months ago

Leasehold
BTL
ROI: 4%
~110 m²
+16 photos

ValuationUndervalued

Sold Prices£45K - £187K
Sold Prices/m²£643/m² - £2.3K/m²

 

 

Square Metres

~110 m²
Price/m²£636/m²

Value Estimate

£86,800
BMV24%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£17,500

Stamp Duty & Legal Fees

£4,700

Total Cash In

£22,200

 

 

Cash Out

 

Rent Range

£475 - £700

Rent Estimate

£400

Running Costs/mo

£319

Cashflow/mo

£81

Cashflow/yr

£975

ROI

4%

Gross Yield

7%

Local Sold Prices

50 sold prices from £45K to £187K, average is £88K. £643/m² to £2.3K/m², average is £1.2K/m².

PriceDateDistanceAddressBeds 
£88K10/210.05 mi6, Dixon Street, Consett, Durham DH8 5UE2
£48.5K04/210.05 mi8, Dixon Street, Consett, Durham DH8 5UE2
£90K01/210.09 mi1, St Aidans Place, Consett, County Durham DH8 5SU2
£101K06/230.1 mi12, St Aidans Street, Consett, County Durham DH8 5ST2
£75K09/210.1 mi12, St Aidans Street, Consett, Durham DH8 5ST2
£59K11/200.11 mi6, Park Street, Consett, Durham DH8 5UA2
£118K07/210.13 mi5, Moor View, Consett, Durham DH8 5TG2
£96K04/230.17 mi43, Derwent Mews, Blackhill, Consett, County Durham DH8 8TU2
£110K05/230.17 mi40, Derwent Mews, Blackhill, Consett, County Durham DH8 8TU2
£132K12/220.17 mi32, Derwent Mews, Blackhill, Consett, County Durham DH8 8TU2
£80.8K05/230.26 mi49, Thomas Street, Blackhill, Consett, County Durham DH8 0AB2
£80K02/210.26 mi37, Thomas Street, Blackhill, Consett, County Durham DH8 0AB2
£65K06/230.26 mi57, Thomas Street, Blackhill, Consett, County Durham DH8 0AB2
£82K11/210.29 mi8, John Street, Blackhill, Consett, Durham DH8 0AD2
£93K08/210.29 mi24, John Street, Blackhill, Consett, Durham DH8 0AD2
£75.5K07/210.29 mi3, John Street, Blackhill, Consett, Durham DH8 0AD2
£85K01/230.3 mi43, George Street, Blackhill, Consett, County Durham DH8 0AE2
£80K05/230.31 mi34, Aynsley Terrace, Consett, County Durham DH8 5NQ2
£87.5K03/230.36 mi9, Barr Hills, Consett, County Durham DH8 5NB2
£45K04/210.37 mi4, Steel Street, Consett, Durham DH8 5EF2
£86K10/200.37 mi3, Steel Street, Consett, Durham DH8 5EF2
£68K03/230.39 mi8, Allison Street, Consett, County Durham DH8 5JD2
£62.5K04/210.4 mi9, Balfour Gardens, Consett, Durham DH8 5JL2
£84K06/230.41 mi5, Bertha Street, Consett, County Durham DH8 5DZ2
£126K05/230.42 mi3, Georgia Court, Consett, County Durham DH8 5XN2
£187K09/210.43 mi25, St Marys Crescent, Consett, Durham DH8 8PB2
£105K03/230.44 mi263, Medomsley Road, Consett, County Durham DH8 5JR2
£106K04/230.44 mi269, Medomsley Road, Consett, County Durham DH8 5JR2
£65K04/230.45 mi116, Medomsley Road, Consett, County Durham DH8 5HS2
£107.5K11/200.45 mi284, Medomsley Road, Consett, County Durham DH8 5JP2
£105K08/210.46 mi66, Romany Drive, Consett, Durham DH8 5XL2
£71.5K12/220.46 mi4, Emma Street, Consett, County Durham DH8 5NP2
£90K07/210.46 mi9, Emma Street, Consett, Durham DH8 5NP2
£115K05/210.47 mi52, Stuart Court, Consett, Durham DH8 5GA2
£88K11/200.53 mi35, Constance Street, Consett, Durham DH8 5DU2
£87.5K11/210.55 mi54, Edith Street, Consett, Durham DH8 5DN2
£75K07/210.55 mi37, Edith Street, Consett, County Durham DH8 5DN2
£88K01/230.55 mi38, Edith Street, Consett, County Durham DH8 5DN2
£88K10/210.56 mi5, Dale Court, Consett, Durham DH8 5DJ2
£98.5K12/200.56 mi60, Cutlers Hall Road, Blackhill, Consett, County Durham DH8 8RG2
£120K08/230.56 mi6, Valley Gardens, Blackhill, Consett, County Durham DH8 8RQ2
£132K08/210.57 mi45, Medomsley Road, Consett, County Durham DH8 5HG2
£120K05/230.58 mi49, Berry Edge Road, Consett, County Durham DH8 5DS2
£72.5K09/210.58 mi58, Berry Edge Road, Consett, Durham DH8 5DS2
£105K04/230.58 mi39, Berry Edge Road, Consett, County Durham DH8 5DS2
£95K05/230.59 mi17, Cortland Road, Consett, County Durham DH8 8QD2
£86K05/230.6 mi8, Chaytor Road, Consett, County Durham DH8 8QB2
£66K02/210.61 mi2, Alexandra Street, Consett, Durham DH8 5DR2
£49K12/200.61 mi20, Alexandra Street, Consett, Durham DH8 5DR2
£90K06/230.61 mi27, Chaytor Road, Consett, County Durham DH8 8QA2

Local Rents

15 rents from £475/mo to £700/mo, average is £600/mo.

RentDateDistanceAddressBeds 
£70012/240.16 miDerwent Mews, Blackhill, Consett, DH82
£70012/240.16 mi-2
£70003/250.16 mi-2
£47512/240.31 mi-2
£52503/250.36 mi-2
£50012/240.37 miBeverley Gardens, Consett, County Durham, DH82
£67510/240.45 mi-2
£60012/240.45 miEmma Street, Consett, Durham, DH82
£60012/240.49 mi-2
£60012/240.53 mi-2
£65004/250.55 mi-2
£60012/240.56 mi-2
£47512/240.57 mi-2
£55012/240.59 miConstance Street, Consett, County Durham, DH82
£60012/240.6 mi-2

Local Area Statistics

Population in DH8

38,324

Population in Consett

38,379

Town centre distance

0.37 miles away

Nearest school

0.50 miles away

Nearest train station

6.74 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+9%

Sales demand

Seller's market

Capital growth (5yrs)

+14%

Property History

Price changed to £70,000

April 2, 2025

Price changed to £64,000

March 29, 2025

Price changed to £66,000

March 20, 2025

Price changed to £68,000

March 12, 2025

Price changed to £70,000

February 28, 2025

Price changed to £76,000

January 31, 2025

Price changed to £78,000

January 19, 2025

Price changed to £72,000

January 8, 2025

Price changed to £74,000

January 1, 2025

Price changed to £76,000

December 19, 2024

Price changed to £78,000

December 12, 2024

Price changed to £72,000

December 5, 2024

Price changed to £74,000

November 28, 2024

Price changed to £76,000

November 22, 2024

Price changed to £78,000

November 14, 2024

Price changed to £91,000

November 7, 2024

Listed for £93,000

October 18, 2024

Floor Plans

Description

  • Buy-to-Let Opportunity +
  • Long Term Tenant Currently Situated +
  • Likely to attract enquiries from Serious Investors & Developers. +
  • Good condition +
  • Easy access to local amenities +
  • INVESTMENT POTENTIAL DETAILED BELOW (Let Property Pack) +

Our latest listing is a 2 bedroom end of terraced house located in Consett. It is near valuable amenities, can generate rewarding rental returns, and has a tenant currently situated.

For investors looking to expand their portfolio, this is a fantastic opportunity!

This well-kept home features 2 bedrooms, a lounge, a kitchen, and a bathroom.

Investment details

It currently produces an annual gross income of £4,800 which could be increased by the new owner to a market rate of £6,720 with long-term tenants currently situated. Considering the purchase price, this will make for a worthwhile addition to an investor's property portfolio.

For greater details 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 is 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?

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