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4 Bed Detached House, Cash/Bridging Only, Consett, DH8 0TW, £290,000





ValuationOvervalued
Sold Prices | £120K - £505K |
Sold Prices/m² | £930/m² - £3.9K/m² |
| |
Square Metres | ~123 m² |
Price/m² | £2.4K/m² |
Value Estimate | £260,383 |
| |
End Value (After Refurb) | £265,000 |
Investment Opportunity
Cash In | |
Purchase Finance | Bridging Loan |
Deposit (25%) | £72,500 |
Stamp Duty & Legal Fees | £20,200 |
Refurb Costs | £47,208 |
Bridging Loan Interest | £7,613 |
Total Cash In | £149,271 |
| |
Cash Out | |
Monetisation | FlipRefinance & Rent |
Revaluation | £265,000 |
Mortgage (After Refinance) | £198,750 |
Mortgage LTV | 75% |
Cash Left In | £149,271 |
Equity | £66,250 |
Rent Range | £625 - £1,150 |
Rent Estimate | £852 |
Running Costs/mo | £1,019 |
Cashflow/mo | £-167 |
Cashflow/yr | £-1,998 |
Gross Yield | 4% |
Local Sold Prices
26 sold prices from £120K to £505K, average is £261.5K. £930/m² to £3.9K/m², average is £2.1K/m².
Local Rents
14 rents from £625/mo to £1.1K/mo, average is £763/mo.
Local Area Statistics
Population in DH8 | 38,324 |
Population in Consett | 38,379 |
Town centre distance | 1.06 miles away |
Nearest school | 0.60 miles away |
Nearest train station | 6.13 miles away |
| |
Rental demand | Balanced market |
Rental growth (12m) | +9% |
Sales demand | Seller's market |
Capital growth (5yrs) | +14% |
Property History
Price changed to £290,000
January 31, 2025
Listed for £300,000
November 19, 2024
Floor Plans

Description
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