2 Bed Terraced House, Single Let, Consett, DH8 7JP, £74,950

41 Henley Gardens, Consett, DH8 7JP - 1 views - 6 months ago

BTL
ROI: 8%
~62 m²
+7 photos

ValuationOvervalued

Sold Prices£39K - £174.6K
Sold Prices/m²£639/m² - £2.3K/m²

 

 

Square Metres

~61.53 m²
Price/m²£1.2K/m²

Value Estimate

£64,189

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£18,738

Stamp Duty & Legal Fees

£4,948

Total Cash In

£23,685

 

 

Cash Out

 

Rent Range

£475 - £900

Rent Estimate

£519

Running Costs/mo

£358

Cashflow/mo

£161

Cashflow/yr

£1,932

ROI

8%

Gross Yield

8%

Local Sold Prices

50 sold prices from £39K to £174.6K, average is £81.3K. £639/m² to £2.3K/m², average is £1K/m².

PriceDateDistanceAddressBeds 
£80K06/210.03 mi13, Windsor Gardens, Consett, Durham DH8 7JW2
£85K03/230.04 mi14, Windsor Gardens, Consett, County Durham DH8 7JW2
£68K04/210.07 mi18, Forster Street, Consett, Durham DH8 7JU2
£94K09/210.07 mi9, Forster Street, Consett, County Durham DH8 7JU2
£87K12/220.07 mi6, Forster Street, Consett, County Durham DH8 7JU2
£95K01/230.13 mi28, West Parade, Consett, County Durham DH8 5RR2
£68K10/210.14 mi9, West Parade, Consett, County Durham DH8 5RR2
£47.5K11/200.14 mi37, Gill Street, Consett, Durham DH8 7JT2
£88K09/210.15 mi61, Gill Street, Consett, Durham DH8 7JT2
£75K04/230.15 mi50, Gill Street, Consett, County Durham DH8 7JT2
£80K07/210.17 mi32, Taylor Street, Consett, Durham DH8 5RS2
£71K02/210.2 mi4, Tyne Street, Consett, County Durham DH8 6NN2
£76K04/210.21 mi1, Kelvin Gardens, Consett, County Durham DH8 5RU2
£110K12/220.24 mi18, Temple Forge Mews, Consett, County Durham DH8 5RZ2
£50K01/210.25 mi6, Unsworth Gardens, Consett, County Durham DH8 5RX2
£70K01/210.26 mi87, Sherburn Terrace, Consett, Durham DH8 6NE2
£39K04/230.26 mi4, Cobden Street, Consett, County Durham DH8 6AH2
£88K01/210.28 mi7, Northfield View, Consett, Durham DH8 6AW2
£75K10/200.3 mi6, Gladstone Gardens, Consett, County Durham DH8 6AR2
£75K07/230.3 mi1, Gladstone Gardens, Consett, County Durham DH8 6AR2
£95K04/210.31 mi7, First Street, Crookhall, Consett, Durham DH8 7LX2
£99K07/230.33 mi14, Park Avenue, Consett, County Durham DH8 6AS2
£132K08/210.33 mi45, Medomsley Road, Consett, County Durham DH8 5HG2
£66K02/210.37 mi2, Alexandra Street, Consett, Durham DH8 5DR2
£49K12/200.37 mi20, Alexandra Street, Consett, Durham DH8 5DR2
£82.5K06/210.38 mi6, Ash Grove, Consett, Durham DH8 6EB2
£72K01/230.39 mi1, Percy Terrace, Consett, County Durham DH8 7EY2
£58K08/210.39 mi3, Percy Terrace, Consett, Durham DH8 7EY2
£88K01/230.4 mi38, Edith Street, Consett, County Durham DH8 5DN2
£87.5K11/210.4 mi54, Edith Street, Consett, Durham DH8 5DN2
£75K07/210.4 mi37, Edith Street, Consett, County Durham DH8 5DN2
£88K11/200.42 mi35, Constance Street, Consett, Durham DH8 5DU2
£50.5K03/230.43 mi27, Knitsley Gardens, Consett, County Durham DH8 7NR2
£48K05/230.43 mi21, Knitsley Gardens, Consett, County Durham DH8 7NR2
£78.5K12/200.43 mi21, Spiro Court, Templetown, Consett, County Durham DH8 7NL2
£155K06/230.43 mi41, Spiro Court, Templetown, Consett, County Durham DH8 7NL2
£125K02/210.43 mi19, Spiro Court, Templetown, Consett, County Durham DH8 7NL2
£75K03/210.43 mi36, Spiro Court, Templetown, Consett, County Durham DH8 7NL2
£120K05/230.46 mi49, Berry Edge Road, Consett, County Durham DH8 5DS2
£72.5K09/210.46 mi58, Berry Edge Road, Consett, Durham DH8 5DS2
£105K04/230.46 mi39, Berry Edge Road, Consett, County Durham DH8 5DS2
£65K04/230.46 mi116, Medomsley Road, Consett, County Durham DH8 5HS2
£84K06/230.49 mi5, Bertha Street, Consett, County Durham DH8 5DZ2
£88K10/210.5 mi5, Dale Court, Consett, Durham DH8 5DJ2
£115K05/210.54 mi52, Stuart Court, Consett, Durham DH8 5GA2
£45K04/210.54 mi4, Steel Street, Consett, Durham DH8 5EF2
£86K10/200.54 mi3, Steel Street, Consett, Durham DH8 5EF2
£87.5K03/230.57 mi9, Barr Hills, Consett, County Durham DH8 5NB2
£174.6K03/230.58 mi10, Villa Real Estate, Consett, County Durham DH8 6BJ2
£126K05/230.61 mi3, Georgia Court, Consett, County Durham DH8 5XN2

Local Rents

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

RentDateDistanceAddressBeds 
£55012/240.01 mi-2
£74504/250.03 mi-2
£90012/240.15 mi-2
£62512/240.23 miRosemary Close, Consett2
£52512/240.24 miSouthernwood, Consett2
£47512/240.26 mi-2
£72012/240.28 mi-2
£60012/240.3 mi-2
£55012/240.3 miGladstone Gardens, Consett, Durham, DH82
£60012/240.32 mi-2
£65004/250.39 mi-2
£60012/240.4 mi-2
£60012/240.41 mi-2
£55012/240.41 mi-2
£55012/240.42 miConstance Street, Consett, County Durham, DH82
£60012/240.43 mi-2
£60004/250.43 mi-2
£60004/250.43 mi-2
£55012/240.43 miKnitsley Gardens, Consett2
£47512/240.44 mi-2
£60012/240.45 miThe Green, Consett, County Durham, DH82
£52503/250.53 mi-2
£60012/240.54 mi-2
£50012/240.55 miBeverley Gardens, Consett, County Durham, DH82
£60012/240.57 mi-2

Local Area Statistics

Population in DH8

38,324

Population in Consett

38,379

Town centre distance

0.54 miles away

Nearest school

0.30 miles away

Nearest train station

7.59 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+9%

Sales demand

Seller's market

Capital growth (5yrs)

+14%

Property History

Listed for £74,950

October 31, 2024

Floor Plans

Description

  • MID TERRACE PROPERTY +
  • NO ONWARD CHAIN +
  • TENANTS INSITU +
  • INVESTMENT OPPORTUNITY +
  • TWO DOUBLE BEDROOMS +
  • YARD TO THE REAR +

Introducing this delightful terraced house, conveniently close to local amenities and walking routes. This property is on the market for sale, and it presents an excellent opportunity for investors or landlords, as it is currently being sold with sitting tenants.

Onto the interior, the house encompasses a single reception room and one kitchen. The reception room is a comfortable space, featuring a charming fireplace that adds a touch of character to the room. It is designed as a lounge, offering a cosy space for relaxation and socialising.

The kitchen is functional and well-planned, offering sufficient dining space. It also provides access to the yard, which could be an ideal spot for outdoor dining or leisure in good weather.

The property comprises two bedrooms, both of which are double-sized. The first bedroom is notably spacious, offering ample room for furnishings.

One of the unique features of this property is that there is no onward chain, which can significantly simplify the buying process. This, coupled with the fact that the property is being sold with tenants, makes it an attractive proposition for those looking to invest in the real estate sector.

In summary, this two-bedroom terraced house offers great potential for buyers seeking an investment opportunity in a desirable location. With its charming features and practical layout, it is well worth considering.

* AVAILABLE NOW * TWO Bedroom Terrace House, Kitchen Breakfasting Room, Lounge and Bathroom to the First Floor, YARD to the Rear and Low Maintenance Garden to the Front.
EPC: D
Council Tax: A

Agent Details

Hunters, Consett

01207 265957

Next Steps?

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