2 Bed Terraced House, Single Let, Consett, DH8 8HY, £120,000

Dorset Crescent, Consett, DH8 8HY - 4 months ago

Sold STC
BTL
~60 m²
+10 photos

ValuationOvervalued

Sold Prices£45K - £187K
Sold Prices/m²£639/m² - £2.3K/m²

 

 

Square Metres

~60.20 m²
Price/m²£2K/m²

Value Estimate

£72,570

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£30,000

Stamp Duty & Legal Fees

£7,200

Total Cash In

£37,200

 

 

Cash Out

 

Rent Range

£370 - £1,150

Rent Estimate

£475

Running Costs/mo

£490

Cashflow/mo

£-15

Cashflow/yr

£-180

Gross Yield

5%

Local Sold Prices

50 sold prices from £45K to £187K, average is £87.8K. £639/m² to £2.3K/m², average is £1.2K/m².

PriceDateDistanceAddressBeds 
£58K05/230.09 mi73, Dunelm Road, Consett, County Durham DH8 8HR2
£117K11/200.37 mi6, Wesley Terrace, Consett, Durham DH8 9QB2
£110K02/210.38 mi5, Park Terrace, Castleside, Consett, Durham DH8 9QF2
£78K01/210.48 mi10, Pemberton Avenue, Consett, Durham DH8 8AN2
£50K10/210.49 mi38, Welford Road, Consett, County Durham DH8 8AH2
£120K04/210.57 mi11, Selby Gardens, Consett, Durham DH8 8AS2
£185K04/210.58 mi64, Castle Hills, Castleside, Consett, Durham DH8 9RL2
£82K11/200.62 mi3, Belle View Drive, Consett, Durham DH8 9RB2
£102.5K06/230.64 mi6, Drover Terrace, Consett, County Durham DH8 9QY2
£85K02/210.66 mi8, The Rise, Consett, County Durham DH8 9RA2
£104K06/230.67 mi20, Arkless Grove, The Grove, Consett, County Durham DH8 8AB2
£87K10/210.68 mi38, Moorland Crescent, Consett, Durham DH8 9RG2
£80K01/210.74 mi16, Rowley Bank, Consett, Durham DH8 9QT2
£116K06/210.76 mi12, Front Street, Castleside, Consett, County Durham DH8 9AR2
£105K08/211.29 mi66, Romany Drive, Consett, Durham DH8 5XL2
£125K02/211.3 mi19, Spiro Court, Templetown, Consett, County Durham DH8 7NL2
£75K03/211.3 mi36, Spiro Court, Templetown, Consett, County Durham DH8 7NL2
£78.5K12/201.3 mi21, Spiro Court, Templetown, Consett, County Durham DH8 7NL2
£155K06/231.3 mi41, Spiro Court, Templetown, Consett, County Durham DH8 7NL2
£88K10/211.33 mi5, Dale Court, Consett, Durham DH8 5DJ2
£126K05/231.34 mi3, Georgia Court, Consett, County Durham DH8 5XN2
£50.5K03/231.35 mi27, Knitsley Gardens, Consett, County Durham DH8 7NR2
£48K05/231.35 mi21, Knitsley Gardens, Consett, County Durham DH8 7NR2
£120K05/231.35 mi49, Berry Edge Road, Consett, County Durham DH8 5DS2
£72.5K09/211.35 mi58, Berry Edge Road, Consett, Durham DH8 5DS2
£105K04/231.35 mi39, Berry Edge Road, Consett, County Durham DH8 5DS2
£115K05/211.36 mi52, Stuart Court, Consett, Durham DH8 5GA2
£90K06/231.4 mi27, Chaytor Road, Consett, County Durham DH8 8QA2
£86K05/231.41 mi8, Chaytor Road, Consett, County Durham DH8 8QB2
£187K09/211.42 mi25, St Marys Crescent, Consett, Durham DH8 8PB2
£95K05/231.42 mi17, Cortland Road, Consett, County Durham DH8 8QD2
£66K02/211.43 mi2, Alexandra Street, Consett, Durham DH8 5DR2
£49K12/201.43 mi20, Alexandra Street, Consett, Durham DH8 5DR2
£88K11/201.44 mi35, Constance Street, Consett, Durham DH8 5DU2
£87.5K11/211.45 mi54, Edith Street, Consett, Durham DH8 5DN2
£75K07/211.45 mi37, Edith Street, Consett, County Durham DH8 5DN2
£88K01/231.45 mi38, Edith Street, Consett, County Durham DH8 5DN2
£110K12/221.47 mi18, Temple Forge Mews, Consett, County Durham DH8 5RZ2
£50K01/211.47 mi6, Unsworth Gardens, Consett, County Durham DH8 5RX2
£45K04/211.5 mi4, Steel Street, Consett, Durham DH8 5EF2
£86K10/201.5 mi3, Steel Street, Consett, Durham DH8 5EF2
£76K04/211.51 mi1, Kelvin Gardens, Consett, County Durham DH8 5RU2
£101K06/231.53 mi12, St Aidans Street, Consett, County Durham DH8 5ST2
£75K09/211.53 mi12, St Aidans Street, Consett, Durham DH8 5ST2
£84K06/231.53 mi5, Bertha Street, Consett, County Durham DH8 5DZ2
£120K08/231.53 mi6, Valley Gardens, Blackhill, Consett, County Durham DH8 8RQ2
£90K01/211.55 mi1, St Aidans Place, Consett, County Durham DH8 5SU2
£58K02/211.56 mi24, The Crescent, Bridgehill, Consett, County Durham DH8 8LB2
£88K09/211.56 mi61, Gill Street, Consett, Durham DH8 7JT2
£75K04/231.56 mi50, Gill Street, Consett, County Durham DH8 7JT2

Local Rents

50 rents from £370/mo to £1.1K/mo, average is £698/mo.

RentDateDistanceAddressBeds 
£65011/240.08 mi-2
£55012/240.55 miPriestman Avenue, The Grove, Consett, Durham, DH82
£65012/240.6 miArkless Grove, The Grove, Consett, Durham, DH8 8AB2
£99512/240.89 mi-3
£1,15003/251.14 mi-4
£1,15003/251.14 mi-4
£67510/241.22 mi-2
£75012/241.25 mi-3
£77003/251.25 mi-3
£60012/241.26 mi-2
£1,00012/241.27 miFenwick Way, Consett4
£60012/241.32 miThe Green, Consett, County Durham, DH82
£72512/241.33 miSpiro Court, Consett, Durham, DH83
£60012/241.33 mi-2
£60001/251.35 mi-2
£55012/241.35 miKnitsley Gardens, Consett2
£55012/241.36 mi-2
£62512/241.36 mi-3
£47512/241.38 mi-2
£55012/241.39 miConstance Street, Consett, County Durham, DH82
£72012/241.43 mi-2
£71512/241.44 mi-3
£69512/241.47 mi-3
£60012/241.48 mi-2
£37012/241.53 miChurch Street, Consett, DH81
£72502/251.55 mi-3
£72503/251.55 mi-3
£49512/241.55 mi-1
£51010/241.55 mi-1
£52503/251.55 mi-2
£79502/251.55 mi-3
£70012/241.56 mi-2
£70003/251.56 mi-2
£70012/241.56 miDerwent Mews, Blackhill, Consett, DH82
£47512/241.58 mi-2
£79512/241.59 miAskrigg Close, Consett3
£60012/241.65 mi-2
£77502/251.65 mi-3
£80001/251.67 mi-3
£49512/241.68 miCleadon Street, Consett, Durham, DH81
£79012/241.68 mi-3
£79012/241.68 miDeepdale Drive, Consett, DH83
£1,05011/241.68 mi-5
£90012/241.69 mi-2
£90012/241.69 mi-3
£50012/241.7 miBeverley Gardens, Consett, County Durham, DH82
£95012/241.7 mi-4
£52512/241.7 miSouthernwood, Consett2
£55012/241.71 mi-2
£74503/251.71 mi-2

Local Area Statistics

Population in DH8

38,324

Population in Consett

38,379

Town centre distance

1.50 miles away

Nearest school

0.40 miles away

Nearest train station

7.66 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+9%

Sales demand

Seller's market

Capital growth (5yrs)

+14%

Property History

Listed for £120,000

December 3, 2024

Floor Plans

Description

  • Freehold +
  • Parking +
  • Two Bedrooms +
  • Garden +
  • Modern Interior +
  • Popular Location +
  • Click On Brochure To Book A Viewing +

The Property
NO ONWARD CHAIN

Located in a popular residential location, this two bedroom terraced is a great investment or first time buy.

The ground floor benefits from a spacious lounge with patio doors leading to the rear garden, a well-equipped fitted kitchen, and a ground floor w/c.

Upstairs you can find two double bedrooms, both with fitted wardrobes, and a family bathroom.

Externally, the property has a driveway and a rear garden, perfect for families or those who love to entertain.

Property Description Disclaimer

This is a general description of the property only, and is not intended to constitute part of an offer or contract. It has been verified by the seller(s), unless marked as 'draft'. Purplebricks conducts some valuations online and some of our customers prepare their own property descriptions, so if you decide to proceed with a viewing or an offer, please note this information may have been provided solely by the vendor, and we may not have been able to visit the property to confirm it. If you require clarification on any point then please contact us, especially if you’re traveling some distance to view. All information should be checked by your solicitor prior to exchange of contracts. Successful buyers will be required to complete anti-money laundering checks. Our partner, Lifetime Legal Limited, will carry out the initial checks on our behalf. The current non-refundable cost is £80 inc. VAT per offer. You’ll need to pay this to Lifetime Legal and complete all checks before we can issue a memorandum of sale. The cost includes obtaining relevant data and any manual checks and monitoring which might be required, and includes a range of benefits. Purplebricks will receive some of the fee taken by Lifetime Legal to compensate for its role in providing these checks.

Agent Details

Purplebricks, covering Durham

020 3910 6429

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪