4 Bed Detached House, Cash/Bridging Only, Consett, DH8 0DX, £380,000

Woodlands Road, Shotley Bridge, Consett, DH8 0DX - 5 months ago

Cash
~135 m²
+21 photos

ValuationOvervalued

Sold Prices£157.5K - £505K
Sold Prices/m²£1.3K/m² - £3.9K/m²

 

 

Square Metres

~134.60 m²
Price/m²£2.8K/m²

Value Estimate

£294,438

 

 

End Value (After Refurb)

£311,250

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£95,000

Stamp Duty & Legal Fees

£29,200

Refurb Costs

£51,660

Bridging Loan Interest

£9,975

Total Cash In

£187,585

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£311,250

Mortgage (After Refinance)

£233,438

Mortgage LTV

75%

Cash Left In

£187,585

Equity

£77,813

Rent Range

£625 - £1,150

Rent Estimate

£858

Running Costs/mo

£1,164

Cashflow/mo

£-306

Cashflow/yr

£-3,675

Gross Yield

3%

Local Sold Prices

26 sold prices from £157.5K to £505K, average is £261.5K. £1.3K/m² to £3.9K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£295K12/200.18 mi11, Wetherby Close, Consett, Durham DH8 0UE4
£300K12/200.2 mi32, Goodwood Close, Shotley Bridge, Consett, Durham DH8 0UF4
£330K01/210.2 mi1, Goodwood Close, Shotley Bridge, Consett, Durham DH8 0UF4
£361.5K06/210.2 mi24, Goodwood Close, Shotley Bridge, Consett, Durham DH8 0UF4
£450K02/230.2 mi32, Goodwood Close, Shotley Bridge, Consett, County Durham DH8 0UF4
£310K12/200.24 mi5, Kempton Close, Consett, Durham DH8 0UB4
£215K12/200.3 mi4, Salisbury Close, Consett, County Durham DH8 0NR4
£240K11/210.33 mi140, Benfieldside Road, Consett, Durham DH8 0RP4
£300K03/210.38 mi8, Briarside, Blackhill, Consett, Durham DH8 0AS4
£380K01/230.38 mi80, Queens Road, Consett, County Durham DH8 0BW4
£258K12/200.38 mi2, Sherwood Close, Consett, County Durham DH8 0TX4
£255K05/210.47 mi31, The Elms, Shotley Bridge, Consett, Durham DH8 0UA4
£220K04/210.47 mi19, The Elms, Shotley Bridge, Consett, County Durham DH8 0UA4
£157.5K11/210.47 mi28, Elm Park Terrace, Consett, Durham DH8 0NA4
£220K12/220.48 mi19, Priory Close, Consett, County Durham DH8 0SA4
£162.5K11/200.49 mi25, Priory Close, Consett, Durham DH8 0SA4
£320K02/230.51 mi14, Turnberry Close, Consett, County Durham DH8 5XG4
£265K01/230.53 mi19, Muirfield Close, Consett, County Durham DH8 5XE4
£225K12/200.54 mi17, Queens Road, Consett, Durham DH8 0BJ4
£217K12/200.54 mi7, Muirfield Close, Consett, Durham DH8 5XE4
£300K08/210.55 mi11, Benfieldside Road, Consett, County Durham DH8 0SF4
£210K02/210.78 mi22, Laburnum Avenue, Consett, Durham DH8 5TD4
£505K11/200.81 miBlackfyne House, 162, Durham Road, Blackhill, Consett, Durham DH8 5TN4
£210K06/210.85 mi56, Barley Mill Road, Consett, County Durham DH8 8JR4
£197.9K03/210.85 mi18, Alston Terrace, Consett, Durham DH8 8JT4
£415K06/230.88 mi47, Barley Mill Road, Consett, County Durham DH8 8JS4

Local Rents

10 rents from £625/mo to £1.1K/mo, average is £760/mo.

RentDateDistanceAddressBeds 
£79501/250.62 mi-3
£72501/250.64 mi-3
£69512/240.72 mi-3
£99512/240.8 miConsett, County Durham, DH84
£62512/240.81 mi-3
£71512/240.91 mi-3
£1,00012/241.11 miFenwick Way, Consett4
£72512/241.13 mi-3
£1,15003/251.24 mi-4
£1,15003/251.24 mi-4

Local Area Statistics

Population in DH8

38,324

Population in Consett

38,379

Town centre distance

1.22 miles away

Nearest school

0.20 miles away

Nearest train station

5.90 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+9%

Sales demand

Seller's market

Capital growth (5yrs)

+14%

Property History

Listed for £380,000

November 28, 2024

Floor Plans

Description

  • Downstairs W/C +
  • Gas Central Heating & Double Glazing +
  • Many Local Amenities +
  • Master En-Suite Shower Room W/C +
  • Offered With No Onward Chain +
  • Open Plan Kitchen Diner +
  • Popular Picturesque Village +
  • Recently Renovated +
  • Separate Utility Room +
  • Significantly Extended +

Jan Mitchell Properties are delighted to welcome to the market this stunning, renovated and extended, mid century detached family home located on the ever desirable Woodlands Road, Shotley Bridge in the heart of the picturesque village of Shotley Bridge.

Boasting an incredibly high finish throughout, the property briefly comprises; Entrance porch, generous lounge with open feature balustrade and storage cupboard beneath, stunning open plan extended kitchen diner with inbuilt appliances, solid work surfaces and central island all opening out onto the garden making it a perfect space for entertaining. There is then a handy utility, downstairs w/.c and then a fourth bedroom/study completes the ground floor.

To the first floor off the feature landing there are three bedrooms with the master benefitting from an en-suite shower room w/c and then a beautiful four piece family bathroom with separate bath and shower.

Externally, there is a off-road parking for serval cars to the front as well as a private rear garden that provides a buyer an opportunity to make their own.

The property is heated via a modern gas boiler system, is fully double glazed and offered freehold with no onward chain. Throughout the property there are on trend colour schemes and lighting. Fixtures and fittings in the bathrooms are all rainfall showers with wall mounted controls. Its a testament to the developer for creating such an interesting and versatile property that will surely impress any prospective buyer/s.

The property's location offers convenient access to village life in Shotley Bridge and its country pubs, schools, shops, restaurants and leisure facilities including riverside walks. Commuters to both Newcastle and Durham City will benefit from many road links, both cities can be reached in just under 30 minutes. There are also excellent bus links within walking distance.

Measurements
Lounge - 5.86m x 5.82m
Kitchen Diner - 8.01m x 3.58m
Utility - 1.90m x 2.03m
W/C - 1.92m x 1.20m
Study/GF Bedroom - 2.32m x 4.76m
Bedroom One - 3.54m x 4.34m
En-Suite - 2.44m x 1.39m
Bedroom Two - 3.11m x 2.81m
Bedroom Three - 2.61m x 2.51m
Bathroom - 2.98m x 1.70m

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 or 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: D (Durham County Council)
Tenure: Freehold

Agent Details

Jan Mitchell Properties, Covering North East

0191 625 1034

Next Steps?

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