3 Bed Terraced House, Refurb/BRRR, Consett, DH8 5DN, £89,950

31 Edith Street, Consett, DH8 5DN - 4 views - 4 months ago

Sold STC
Refurb/BRRR
ROI: 4%
~93 m²
+13 photos

ValuationUndervalued

Sold Prices£65K - £231K
Sold Prices/m²£597/m² - £2.1K/m²

 

 

Square Metres

~93 m²
Price/m²£967/m²

Value Estimate

£101,949
BMV2%

 

 

End Value (After Refurb)

£101,692

Uplift in Value

+2%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£22,488

Stamp Duty & Legal Fees

£4,199

Refurb Costs

£35,694

Bridging Loan Interest

£2,361

Total Cash In

£66,491

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£101,692

Mortgage (After Refinance)

£76,269

Mortgage LTV

75%

Cash Released

£8,806

Cash Left In

£57,685

Equity

£25,423

Rent Range

£600 - £2,850

Rent Estimate

£744

Running Costs/mo

£487

Cashflow/mo

£257

Cashflow/yr

£3,089

ROI

5%

Gross Yield

10%

Local Sold Prices

50 sold prices from £65K to £231K, average is £119.3K. £597/m² to £2.1K/m², average is £1.3K/m².

PriceDateDistanceAddressBeds 
£135K02/230.12 mi62, Berry Edge Road, Consett, County Durham DH8 5DS3
£95.5K12/200.14 mi10, Dale Court, Consett, Durham DH8 5DJ3
£118.5K04/230.15 mi12, The Green, Consett, County Durham DH8 5BG3
£113K07/210.15 mi6, The Green, Consett, County Durham DH8 5BG3
£180K11/200.16 mi42, Stuart Court, Consett, Durham DH8 5GA3
£155K07/210.16 mi53, Stuart Court, Consett, Durham DH8 5GA3
£117K06/230.16 mi6, Palmerston Street, Consett, County Durham DH8 5RF3
£214K06/210.19 mi30, Green Street, Consett, Durham DH8 5LP3
£105K11/200.22 mi12, Generation Place, Consett, Durham DH8 5XT3
£101K04/210.22 mi9, Clarendon Street, Consett, Durham DH8 5LS3
£75.5K01/230.23 mi18, Taylor Street, Consett, County Durham DH8 5RS3
£65K05/230.24 mi25, Taylor Street, Consett, County Durham DH8 5RS3
£105K01/210.24 mi10, Taylor Street, Consett, Durham DH8 5RS3
£135K05/230.24 mi20, Romany Drive, Consett, County Durham DH8 5XL3
£140K01/230.25 mi8, Cardoon Road, Consett, County Durham DH8 6GG3
£130K03/230.25 mi12, Cardoon Road, Consett, County Durham DH8 6GG3
£97K12/200.25 mi21, Southernwood, Consett, Durham DH8 6GD3
£100K03/210.25 mi8, West Parade, Consett, County Durham DH8 5RR3
£88.5K05/210.28 mi6, Barr House Avenue, Consett, County Durham DH8 5NE3
£137K12/210.3 mi135, Medomsley Road, Consett, County Durham DH8 5HL3
£135K01/230.31 mi30, Gladstone Street, Consett, County Durham DH8 6AQ3
£115K07/210.36 mi6, Park Avenue, Consett, County Durham DH8 6AS3
£141K04/230.36 mi17, Meadow Rise, Consett, County Durham DH8 6NS3
£153.5K10/210.37 mi171, Medomsley Road, Consett, Durham DH8 5HU3
£125K01/210.41 mi37, Aynsley Terrace, Consett, Durham DH8 5NQ3
£124K11/200.41 mi33, Ashdale Road, Consett, Durham DH8 6AU3
£138K03/230.43 mi43, Fenwick Way, Consett, County Durham DH8 5FD3
£200K11/220.46 mi19, Middleton Close, Consett, County Durham DH8 7UQ3
£96K05/230.46 mi98, Fenwick Way, Consett, County Durham DH8 5FE3
£151.3K03/230.47 mi10, Oakdale Road, Consett, County Durham DH8 6AT3
£214.5K02/230.48 mi14, Middleton Close, Consett, County Durham DH8 7UQ3
£105K03/210.51 mi9, Ash Grove, Consett, Durham DH8 6EB3
£84K02/210.51 mi29, Laburnum Avenue, Consett, Durham DH8 5SZ3
£115K12/200.52 mi4, The Crescent, Consett, County Durham DH8 5JE3
£96K02/210.52 mi85, The Crescent, Consett, County Durham DH8 5JE3
£204K06/230.52 mi34, Grassholme Close, Consett, County Durham DH8 7UL3
£231K08/230.52 mi14, Grassholme Close, Consett, County Durham DH8 7UL3
£104.5K02/210.53 mi7, Chartwell Place, Consett, County Durham DH8 5JJ3
£135K04/210.53 mi268, Medomsley Road, Consett, County Durham DH8 5JW3
£127.5K12/200.54 mi10, The Promenade, Consett, Durham DH8 5NJ3
£150K07/230.54 mi5, Clarence Gardens, Consett, County Durham DH8 5TU3
£78K11/210.56 mi12, Roger Street, Consett, County Durham DH8 5SX3
£130K11/210.56 mi13, Roger Street, Consett, Durham DH8 5SX3
£120K08/210.59 mi22, Steadings Court, Consett, Durham DH8 6GA3
£97.5K12/220.61 mi32, Dixon Street, Consett, County Durham DH8 5UE3
£170K12/220.61 mi80, Holwick Close, Consett, County Durham DH8 7UJ3
£80K08/210.61 mi31, Dixon Street, Consett, Durham DH8 5UE3
£76K10/210.61 mi185, Durham Road, Blackhill, Consett, County Durham DH8 5UQ3
£105K03/230.61 mi185, Durham Road, Blackhill, Consett, County Durham DH8 5UQ3
£110K12/200.62 mi302, Medomsley Road, Consett, County Durham DH8 5JP3

Local Rents

25 rents from £600/mo to £2.9K/mo, average is £750/mo.

RentDateDistanceAddressBeds 
£72503/250.09 mi-3
£77502/250.2 mi-3
£75012/240.23 mi-3
£77003/250.23 mi-3
£90012/240.27 mi-3
£72512/240.4 miSpiro Court, Consett, Durham, DH83
£72512/240.49 mi-3
£71512/240.55 mi-3
£99512/240.57 mi-3
£75012/240.62 miSteading Court, Consett3
£2,85002/250.72 mi-3
£79512/240.73 miAskrigg Close, Consett3
£75012/240.74 mi-3
£79012/240.8 mi-3
£79012/240.8 miDeepdale Drive, Consett, DH83
£80012/240.8 mi-3
£72501/250.9 mi-3
£62512/240.92 mi-3
£79501/250.99 mi-3
£70012/241.04 miChapel Drive, Consett, DH83
£75012/241.05 miBluebell Close, Leadgate, Consett, DH83
£69501/251.07 mi-3
£69512/241.11 mi-3
£69512/241.13 mi-3
£60012/241.19 mi-3

Local Area Statistics

Population in DH8

38,324

Population in Consett

38,379

Town centre distance

0.18 miles away

Nearest school

0.10 miles away

Nearest train station

7.30 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+9%

Sales demand

Seller's market

Capital growth (5yrs)

+14%

Property History

Price changed to £89,950

February 8, 2025

Price changed to £94,950

January 11, 2025

Listed for £99,950

November 27, 2024

Floor Plans

Description

  • MID TERRACE PROPERTY +
  • NO ONWARD CHAIN +
  • IN NEED OF SOME MODERINSATION +
  • INVESTMENT OPPORTUNITY +
  • THREE BEDROOMS +
  • YARD TO REAR +

For sale is a charming terraced house that offers an abundance of potential. This three-bedroom property is in need of modernisation, making it a perfect project for first-time buyers or investors looking to put their personal touch on a home.

The property boasts two spacious reception rooms. The first one features a charming fireplace, providing an ideal setting for a cosy lounge. The second reception room is a dining area with direct access to the garden, perfect for alfresco dining or entertaining guests.

The house also contains three bedrooms. The first double bedroom benefits from an en-suite bathroom. The second bedroom is also a double, offering plenty of space for furnishings. The third bedroom is a single room, excellent for use as a guest room or home office.

There are two bathrooms in the property. The first bathroom is a wet room and the second one is an en-suite to the master bedroom.

The kitchen is filled with natural light and comes with integrated appliances such as oven, hob, fridge and freezer.

The location of the house is beneficial, with convenient public transport links and local amenities within easy reach. The property also boasts a unique feature, a fireplace, which adds character and warmth to the home.

This property is an excellent opportunity for those looking to create their dream home or for investors seeking a rewarding project.

Agent Details

Hunters, Consett

01207 265957

Next Steps?

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