3 Bed Semi-Detached House, Cash/Bridging Only, Consett, DH8 0LF, £95,000

Ashby Crescent, Consett, DH8 0LF - 5 months ago

Cash
ROI: 4%
~85 m²
+12 photos

ValuationUndervalued

Sold Prices£60K - £315K
Sold Prices/m²£628/m² - £2.9K/m²

 

 

Square Metres

~85.40 m²
Price/m²£1.1K/m²

Value Estimate

£97,850
BMV3%

 

 

End Value (After Refurb)

£123,655

Uplift in Value

+30%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£23,750

Stamp Duty & Legal Fees

£5,950

Refurb Costs

£32,777

Bridging Loan Interest

£2,494

Total Cash In

£66,721

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£123,655

Mortgage (After Refinance)

£92,741

Mortgage LTV

75%

Cash Released

£21,491

Cash Left In

£45,230

Equity

£30,914

Rent Range

£625 - £995

Rent Estimate

£765

Running Costs/mo

£559

Cashflow/mo

£206

Cashflow/yr

£2,467

ROI

4%

Gross Yield

10%

Local Sold Prices

50 sold prices from £60K to £315K, average is £135K. £628/m² to £2.9K/m², average is £1.4K/m².

PriceDateDistanceAddressBeds 
£169K04/230.04 mi50, Ritsons Road, Consett, County Durham DH8 0AL3
£126K03/210.12 mi6, George Street, Blackhill, Consett, County Durham DH8 0AE3
£135K04/210.12 mi28, George Street, Blackhill, Consett, Durham DH8 0AE3
£215K01/210.13 mi11, Kings Road, Consett, County Durham DH8 0AH3
£100K11/200.15 mi29, Thomas Street, Blackhill, Consett, Durham DH8 0AB3
£168.5K06/230.22 mi80, Benfieldside Road, Consett, County Durham DH8 0SD3
£93K06/210.24 mi5, Valley Gardens, Blackhill, Consett, County Durham DH8 8RQ3
£115K12/200.24 mi29, Valley Gardens, Blackhill, Consett, Durham DH8 8RQ3
£160K04/210.24 mi21, St Andrews Road, Consett, Durham DH8 8NX3
£216.5K06/210.26 mi22, Priory Close, Consett, Durham DH8 0SA3
£105K03/210.27 mi53, Rosedale Avenue, Consett, County Durham DH8 0DZ3
£200K04/210.28 mi79, Cutlers Hall Road, Blackhill, Consett, Durham DH8 8RF3
£93K12/200.29 mi37, St Marys Crescent, Consett, County Durham DH8 8PA3
£110K05/210.31 mi22, Queensway, Consett, County Durham DH8 0RU3
£135K11/200.32 mi146, Benfieldside Road, Consett, Durham DH8 0RP3
£230K04/230.32 mi150, Benfieldside Road, Consett, County Durham DH8 0RP3
£197.5K12/200.32 mi150, Benfieldside Road, Consett, Durham DH8 0RP3
£147K07/210.32 mi10, Northstead Drive, Consett, County Durham DH8 0RX3
£157.5K12/200.33 mi32, Queensway, Consett, County Durham DH8 0RZ3
£140K03/230.34 mi8, Rosedale Avenue, Consett, County Durham DH8 0DY3
£130K12/200.34 mi22, Benfield Close, Consett, Durham DH8 0RH3
£91K03/210.35 mi3, Cragside Court, Consett, Durham DH8 8TG3
£150K07/230.35 mi26, Laburnum Avenue, Consett, County Durham DH8 5TD3
£90K02/230.36 mi11, Chaytor Road, Consett, County Durham DH8 8QA3
£80K08/210.37 mi31, Dixon Street, Consett, Durham DH8 5UE3
£147K07/210.37 mi54, Woodlands Road, Consett, County Durham DH8 0DH3
£97.5K12/220.37 mi32, Dixon Street, Consett, County Durham DH8 5UE3
£78K11/210.4 mi12, Roger Street, Consett, County Durham DH8 5SX3
£130K11/210.4 mi13, Roger Street, Consett, Durham DH8 5SX3
£78.5K10/210.41 mi16, High Ridge, Consett, County Durham DH8 8TJ3
£60K12/210.43 mi89, Chaytor Road, Consett, Durham DH8 8QP3
£135K05/210.44 miCory House, Brockwell Lane, Consett, County Durham DH8 5UP3
£118K12/200.44 mi24, Cutlers Avenue, Consett, Durham DH8 0AX3
£84K02/210.44 mi29, Laburnum Avenue, Consett, Durham DH8 5SZ3
£135K04/230.47 mi19, The Crescent, Shotley Bridge, Consett, County Durham DH8 0JA3
£145K12/210.48 mi58, Backstone Road, Consett, County Durham DH8 8QG3
£315K04/230.48 mi11, Briary Gardens, Consett, County Durham DH8 0RE3
£167K08/210.48 mi20, Alston Road, Consett, Durham DH8 8JU3
£145K10/200.48 mi12, Alston Road, Consett, County Durham DH8 8JU3
£76K10/210.48 mi185, Durham Road, Blackhill, Consett, County Durham DH8 5UQ3
£105K03/230.48 mi185, Durham Road, Blackhill, Consett, County Durham DH8 5UQ3
£280K03/210.49 miPinetrees, Church Bank, Consett, Durham DH8 0NW3
£197.5K02/210.5 mi12, Glenside, Consett, Durham DH8 0DN3
£118.5K03/210.51 mi22, Riverside, Consett, County Durham DH8 0JB3
£289.8K02/230.52 mi4, The Mount, Shotley Bridge, Consett, County Durham DH8 0DW3
£286.5K10/200.52 mi39, Barley Mill Road, Consett, Durham DH8 8JS3
£150K07/230.55 mi5, Clarence Gardens, Consett, County Durham DH8 5TU3
£96K05/230.56 mi98, Fenwick Way, Consett, County Durham DH8 5FE3
£160K08/210.58 mi111, Pleasant View, Bridgehill, Consett, Durham DH8 8LF3
£157.5K10/200.58 mi46, The Briary, Consett, County Durham DH8 0QZ3

Local Rents

13 rents from £625/mo to £995/mo, average is £750/mo.

RentDateDistanceAddressBeds 
£72502/250.14 mi-3
£79502/250.17 mi-3
£62512/240.34 mi-3
£69512/240.37 mi-3
£71512/240.42 mi-3
£72512/240.82 mi-3
£75012/240.89 mi-3
£77003/250.89 mi-3
£77502/250.91 mi-3
£72503/250.92 mi-3
£99512/241.05 mi-3
£90012/241.15 mi-3
£75012/241.24 miSteading Court, Consett3

Local Area Statistics

Population in DH8

38,324

Population in Consett

38,379

Town centre distance

0.77 miles away

Nearest school

0.10 miles away

Nearest train station

6.37 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+9%

Sales demand

Seller's market

Capital growth (5yrs)

+14%

Property History

Price changed to £95,000

March 4, 2025

Price changed to £100,000

February 4, 2025

Listed for £120,000

November 18, 2024

Floor Plans

Description

  • OFFERS INVITED BETWEEN £95,000-£110,00 +
  • Semi Detached House +
  • Three Bedrooms +
  • Recently Refurbished +
  • Front and Rear Gardens +
  • Ample Storage +
  • No Onward Chain +
  • Ideal First Time Buy or Investment +
  • Sought After Location +

*Offers Invited Between £95,000 - £110,000*Jan Mitchell Properties are pleased to present this beautifully modernized semi-detached home, featuring a spacious rear garden, open-plan kitchen-diner, and ample storage. Conveniently located near a local school and offering easy access to Blackhill village amenities with no onward chain.

Originally constructed in the mid-20th century by the British Iron and Steel Foundation (BISF), the property has been significantly updated and briefly comprises:- Entrance hall, a comfortable lounge with feature fireplace, a fully fitted kitchen/diner, and a utility room with a WC. To the first floor, there are three well-sized bedrooms and a modern three piece family bathroom.

Externally, there is a paved garden to the front with side access to the rear garden with lawned and patio areas providing ample outdoor space.

Location
Ashby Crescent is conveniently located just a couple minutes walk away from Benfieldside Primary School. The shops and amenities in Blackhill's centre are within 0.4 miles, and Shotley Bridge village is a little over half a mile away. Consett, offering an even broader range of facilities, is less than 1.5 miles from the property. The area is known for its popular walking and cycling paths, including the scenic Derwent Walk and the Coast-to-Coast cycle route, providing plenty of outdoor recreation options.

Measurements
Lounge - 4.18 x 3.66
Kitchen/Diner - 6.36 x 2.61
Utility Room - 1.20 x 2.42
Bedroom One - 4.11 x 3.14
Bedroom Two - 4.11 x 2.61
Bedroom Three - 2.60 x 2.54

IMPORTANT NOTE TO PURCHASERS
We endeavour to make our property details accurate, however, they do not constitute or form part of an offer or any contract and are not to relied upon as statements of representation or fact. Any services, systems and appliances listed in the details have not been tested by us and no guarantee is given to their operating ability or efficiency. All the measurements and floor plans have been taken as a guide to prospective purchasers and are not to be relied upon. Please be advised that some of the information may be awaiting vendor approval. If you require clarification of further information on any points please contact us direct.

MAKING AN OFFER Please note that all offers will require financial verification including mortgage agreement in principle, proof of deposit funds, proof of available cash and full chain details including selling agents and solicitors down the chain. Under New Money Laundering Regulations we require proof of identification from all buyers before acceptance letters are sent and solicitors can be instructed.

Tenure - We are not able to verify the tenure of the property as it is not always possible to see sight of the relevant documentation prior to marketing. Prospective purchasers must make further enquiries with their legal adviser

Council Tax Band: A (Durham County Council)
Tenure: Freehold

Agent Details

Jan Mitchell Properties, Covering North East

0191 625 1034

Next Steps?

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