2 Bed Terraced House, Single Let, Consett, DH8 5RF, £117,950

Palmerston Street, Consett, County Durham, DH8 5RF - 5 months ago

Sold STC
BTL
~103 m²
+23 photos

ValuationFair Value

Sold Prices£39K - £155K
Sold Prices/m²£639/m² - £2.3K/m²

 

 

Square Metres

~103.30 m²
Price/m²£1.1K/m²

Value Estimate

£120,051

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£29,488

Stamp Duty & Legal Fees

£7,098

Total Cash In

£36,585

 

 

Cash Out

 

Rent Range

£475 - £900

Rent Estimate

£475

Running Costs/mo

£484

Cashflow/mo

£-9

Cashflow/yr

£-103

Gross Yield

5%

Local Sold Prices

50 sold prices from £39K to £155K, average is £81.3K. £639/m² to £2.3K/m², average is £1.2K/m².

PriceDateDistanceAddressBeds 
£50K01/210.05 mi6, Unsworth Gardens, Consett, County Durham DH8 5RX2
£76K04/210.06 mi1, Kelvin Gardens, Consett, County Durham DH8 5RU2
£110K12/220.08 mi18, Temple Forge Mews, Consett, County Durham DH8 5RZ2
£80K07/210.09 mi32, Taylor Street, Consett, Durham DH8 5RS2
£66K02/210.12 mi2, Alexandra Street, Consett, Durham DH8 5DR2
£49K12/200.12 mi20, Alexandra Street, Consett, Durham DH8 5DR2
£95K01/230.13 mi28, West Parade, Consett, County Durham DH8 5RR2
£68K10/210.13 mi9, West Parade, Consett, County Durham DH8 5RR2
£88K09/210.14 mi61, Gill Street, Consett, Durham DH8 7JT2
£75K04/230.14 mi50, Gill Street, Consett, County Durham DH8 7JT2
£47.5K11/200.15 mi37, Gill Street, Consett, Durham DH8 7JT2
£88K01/230.17 mi38, Edith Street, Consett, County Durham DH8 5DN2
£87.5K11/210.18 mi54, Edith Street, Consett, Durham DH8 5DN2
£75K07/210.18 mi37, Edith Street, Consett, County Durham DH8 5DN2
£88K11/200.19 mi35, Constance Street, Consett, Durham DH8 5DU2
£120K05/230.2 mi49, Berry Edge Road, Consett, County Durham DH8 5DS2
£72.5K09/210.2 mi58, Berry Edge Road, Consett, Durham DH8 5DS2
£105K04/230.2 mi39, Berry Edge Road, Consett, County Durham DH8 5DS2
£68K04/210.2 mi18, Forster Street, Consett, Durham DH8 7JU2
£94K09/210.22 mi9, Forster Street, Consett, County Durham DH8 7JU2
£87K12/220.22 mi6, Forster Street, Consett, County Durham DH8 7JU2
£85K03/230.23 mi14, Windsor Gardens, Consett, County Durham DH8 7JW2
£88K10/210.24 mi5, Dale Court, Consett, Durham DH8 5DJ2
£80K06/210.24 mi13, Windsor Gardens, Consett, Durham DH8 7JW2
£132K08/210.25 mi45, Medomsley Road, Consett, County Durham DH8 5HG2
£39K04/230.29 mi4, Cobden Street, Consett, County Durham DH8 6AH2
£125K02/210.3 mi19, Spiro Court, Templetown, Consett, County Durham DH8 7NL2
£75K03/210.3 mi36, Spiro Court, Templetown, Consett, County Durham DH8 7NL2
£115K05/210.3 mi52, Stuart Court, Consett, Durham DH8 5GA2
£78.5K12/200.3 mi21, Spiro Court, Templetown, Consett, County Durham DH8 7NL2
£155K06/230.3 mi41, Spiro Court, Templetown, Consett, County Durham DH8 7NL2
£84K06/230.31 mi5, Bertha Street, Consett, County Durham DH8 5DZ2
£71K02/210.32 mi4, Tyne Street, Consett, County Durham DH8 6NN2
£45K04/210.35 mi4, Steel Street, Consett, Durham DH8 5EF2
£86K10/200.35 mi3, Steel Street, Consett, Durham DH8 5EF2
£50.5K03/230.35 mi27, Knitsley Gardens, Consett, County Durham DH8 7NR2
£48K05/230.35 mi21, Knitsley Gardens, Consett, County Durham DH8 7NR2
£75K10/200.36 mi6, Gladstone Gardens, Consett, County Durham DH8 6AR2
£75K07/230.36 mi1, Gladstone Gardens, Consett, County Durham DH8 6AR2
£65K04/230.37 mi116, Medomsley Road, Consett, County Durham DH8 5HS2
£126K05/230.37 mi3, Georgia Court, Consett, County Durham DH8 5XN2
£70K01/210.37 mi87, Sherburn Terrace, Consett, Durham DH8 6NE2
£105K08/210.37 mi66, Romany Drive, Consett, Durham DH8 5XL2
£99K07/230.38 mi14, Park Avenue, Consett, County Durham DH8 6AS2
£88K01/210.38 mi7, Northfield View, Consett, Durham DH8 6AW2
£87.5K03/230.47 mi9, Barr Hills, Consett, County Durham DH8 5NB2
£82.5K06/210.5 mi6, Ash Grove, Consett, Durham DH8 6EB2
£80K05/230.54 mi34, Aynsley Terrace, Consett, County Durham DH8 5NQ2
£68K03/230.55 mi8, Allison Street, Consett, County Durham DH8 5JD2
£95K04/210.57 mi7, First Street, Crookhall, Consett, Durham DH8 7LX2

Local Rents

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

RentDateDistanceAddressBeds 
£72012/240.09 mi-2
£55012/240.17 miConstance Street, Consett, County Durham, DH82
£47512/240.18 mi-2
£60012/240.18 mi-2
£60012/240.19 miThe Green, Consett, County Durham, DH82
£90012/240.2 mi-2
£52512/240.24 miSouthernwood, Consett2
£74504/250.25 mi-2
£55012/240.25 mi-2
£62512/240.27 miRosemary Close, Consett2
£60012/240.3 mi-2
£60012/240.31 mi-2
£60012/240.31 mi-2
£60012/240.33 mi-2
£47512/240.33 mi-2
£55012/240.33 mi-2
£60001/250.35 mi-2
£55012/240.35 miKnitsley Gardens, Consett2
£52503/250.36 mi-2
£55012/240.38 miGladstone Gardens, Consett, Durham, DH82
£50012/240.45 miBeverley Gardens, Consett, County Durham, DH82
£67510/240.48 mi-2
£60012/240.5 mi-2

Local Area Statistics

Population in DH8

38,324

Population in Consett

38,379

Town centre distance

0.35 miles away

Nearest school

0.30 miles away

Nearest train station

7.46 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+9%

Sales demand

Seller's market

Capital growth (5yrs)

+14%

Property History

Listed for £117,950

November 27, 2024

Floor Plans

Description

  • No Upper Chain +
  • Recently Refurbished +
  • Two Bedroom Terrace +
  • Two Reception Rooms +
  • High Quality Finish +
  • Town Centre Location +
  • Generous Front Garden +
  • Viewing Highly Advised +
  • Sought After Location +
  • Spacious 103m2 +

*NO ONWARD CHAIN*

An immaculately renovated 2-bedrooms, stone build terraced property positioned on a quiet street near the town centre of Consett.

This property has undergone a sympathetic renovation, completed to an impressive high specification, transforming this traditional property into a stylish, modern home. With great attention to detail in both design and quality, the internal spaces have been reimagined, offering a generously proportioned open-plan living area on the ground floor. The kitchen has been updated to a high standard, whilst also allowing some degree or flexibility in the final finish.

A fantastic blend of comfort and practical design, this two-bedroom home features high ceilings, bright and spacious rooms, cosy living areas, and a modern kitchen.

Externally, the property benefits from a front garden with mature borders, mainly laid to lawn. To the rear, an enclosed yard provides useful outdoor space.

Conveniently situated in Consett, this property is close to local amenities such as supermarkets, Doctors' surgery, Shotley Bridge Hospital, Consett Leisure Centre, Consett Academy, and a variety of restaurants. The nearby Consett Bus Station offers direct links to Durham, Newcastle, Hexham, and other towns and villages.

For the outdoor enthusiasts, the surrounding area offers activities such as sailing, fishing, and water sports at Derwent Reservoir. Slaley Hall, with its championship golf course and spa facilities, is also within easy reach. Newcastle and Durham city centres provide comprehensive cultural, recreational, and shopping opportunities. Corbridge and Hexham are also nearby, offering artisan shops, restaurants, cinemas, theatres, and a full range of services.

Freehold Property
Council Tax Band: A
EPC Rating: D

Agent Details

Keyhole Residential, Birtley

0191 625 0171

Next Steps?

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