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

Barnsley Way, Shotley Bridge, Consett, DH8 0TW - 5 months ago

Cash
~123 m²
+18 photos

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.

PriceDateDistanceAddressBeds 
£320K02/230.2 mi14, Turnberry Close, Consett, County Durham DH8 5XG4
£258K12/200.23 mi2, Sherwood Close, Consett, County Durham DH8 0TX4
£450K02/230.24 mi32, Goodwood Close, Shotley Bridge, Consett, County Durham DH8 0UF4
£300K12/200.24 mi32, Goodwood Close, Shotley Bridge, Consett, Durham DH8 0UF4
£330K01/210.24 mi1, Goodwood Close, Shotley Bridge, Consett, Durham DH8 0UF4
£361.5K06/210.24 mi24, Goodwood Close, Shotley Bridge, Consett, Durham DH8 0UF4
£215K12/200.25 mi4, Salisbury Close, Consett, County Durham DH8 0NR4
£380K01/230.25 mi80, Queens Road, Consett, County Durham DH8 0BW4
£255K05/210.25 mi31, The Elms, Shotley Bridge, Consett, Durham DH8 0UA4
£220K04/210.25 mi19, The Elms, Shotley Bridge, Consett, County Durham DH8 0UA4
£157.5K11/210.29 mi28, Elm Park Terrace, Consett, Durham DH8 0NA4
£265K01/230.35 mi19, Muirfield Close, Consett, County Durham DH8 5XE4
£310K12/200.36 mi5, Kempton Close, Consett, Durham DH8 0UB4
£217K12/200.36 mi7, Muirfield Close, Consett, Durham DH8 5XE4
£295K12/200.36 mi11, Wetherby Close, Consett, Durham DH8 0UE4
£300K03/210.46 mi8, Briarside, Blackhill, Consett, Durham DH8 0AS4
£225K12/200.51 mi17, Queens Road, Consett, Durham DH8 0BJ4
£505K11/200.63 miBlackfyne House, 162, Durham Road, Blackhill, Consett, Durham DH8 5TN4
£240K11/210.65 mi140, Benfieldside Road, Consett, Durham DH8 0RP4
£210K02/210.68 mi22, Laburnum Avenue, Consett, Durham DH8 5TD4
£275K06/230.73 mi30, Balmoral Grove, Consett, County Durham DH8 6DE4
£220K12/220.74 mi19, Priory Close, Consett, County Durham DH8 0SA4
£300K08/210.76 mi11, Benfieldside Road, Consett, County Durham DH8 0SF4
£162.5K11/200.76 mi25, Priory Close, Consett, Durham DH8 0SA4
£120K02/210.86 mi51, Villa Real Road, Consett, Durham DH8 6BL4
£171K09/210.95 mi6, Queens Gate, Consett, Durham DH8 5FB4

Local Rents

14 rents from £625/mo to £1.1K/mo, average is £763/mo.

RentDateDistanceAddressBeds 
£72502/250.75 mi-3
£79502/250.78 mi-3
£72512/240.84 mi-3
£71512/240.88 mi-3
£62512/240.95 mi-3
£69512/240.96 mi-3
£1,00012/241.07 miFenwick Way, Consett4
£99512/241.09 miConsett, County Durham, DH84
£77502/251.09 mi-3
£1,10012/241.16 mi-4
£72503/251.16 mi-3
£75012/241.2 miSteading Court, Consett3
£1,15003/251.21 mi-4
£1,15003/251.21 mi-4

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

  • Detached Family Home +
  • Four Bedrooms +
  • Double Drive & Garage +
  • En-Suite Shower Room W/C +
  • Downstairs W/C & Utility Space +
  • Solar Panels +
  • Highly Desirable Address +
  • Picturesque Village Setting +
  • Secluded Woodland Setting +

Jan Mitchell Properties are delighted to offer for sale this impeccably presented four-bedroom detached family home, positioned on Barnsley Way, close to beautiful woodland and the Derwent Walk within the highly sought-after Woodlands estate in Shotley Bridge.

The Story Homes built property features a well-designed layout and comprises an entrance hall, a stylish living room, opening up a integrated kitchen diner with French doors leading to the rear garden, making it a perfect space for entertaining, a utility room, and a convenient downstairs W.C.

The first floor hosts off the landing with storage, the master bedroom with an en-suite shower room w/c, three additional good sized bedrooms, one with further fitted storage, and a contemporary three piece family bathroom.

Externally there is a block-paved double driveway leading to the integral garage with a small lawned garden and a side path which leads to the Easterly facing rear garden, with lawned and patio areas.

Location
Situated on the Eastern outskirts of Shotley Bridge, 'The Woodlands' is a modern executive development offering views over the Derwent Valley and is conveniently located within 15 miles of Newcastle and Durham. Approximately 1.5 miles from Shotley Bridge village with local shops, primary schools, and 2.5 miles from Consett town centre with amenities such as a retail park, modern leisure centre, and Consett Academy secondary school. The estate provides easy access to a network of footpaths and cycle tracks in the Derwent Walk Country Park, incorporating the historic Derwent Valley Railway.

Measurements
Lounge - 3.23 x 4.98
Dining Area - 3.23 x 2.94
Kitchen - 3.55 x 2.66
Bedroom One - 3.03 x 4.02
Bedroom Two - 2.58 x 4.06
Bedroom Three - 2.52 x 3.90
Bedroom Four - 2.25 x 4.15

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: E (Durham County Council)
Tenure: Freehold

Agent Details

Jan Mitchell Properties, Covering North East

0191 625 1034

Next Steps?

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