3 Bed Terraced House, Single Let, Consett, DH8 5SZ, £155,000

Laburnum Avenue, Blackhill, DH8 5SZ - 4 months ago

Under Offer
BTL
ROI: 2%
~132 m²
+19 photos

ValuationUndervalued

Sold Prices£76K - £215K
Sold Prices/m²£628/m² - £2.5K/m²

 

 

Square Metres

~132 m²
Price/m²£1.2K/m²

Value Estimate

£174,722
BMV13%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£38,750

Stamp Duty & Legal Fees

£9,550

Total Cash In

£48,300

 

 

Cash Out

 

Rent Range

£625 - £2,850

Rent Estimate

£715

Running Costs/mo

£647

Cashflow/mo

£68

Cashflow/yr

£812

ROI

2%

Gross Yield

6%

Local Sold Prices

50 sold prices from £76K to £215K, average is £121.8K. £628/m² to £2.5K/m², average is £1.3K/m².

PriceDateDistanceAddressBeds 
£84K02/210.01 mi29, Laburnum Avenue, Consett, Durham DH8 5SZ3
£78K11/210.07 mi12, Roger Street, Consett, County Durham DH8 5SX3
£130K11/210.07 mi13, Roger Street, Consett, Durham DH8 5SX3
£97.5K12/220.15 mi32, Dixon Street, Consett, County Durham DH8 5UE3
£80K08/210.15 mi31, Dixon Street, Consett, Durham DH8 5UE3
£150K07/230.16 mi26, Laburnum Avenue, Consett, County Durham DH8 5TD3
£96K05/230.2 mi98, Fenwick Way, Consett, County Durham DH8 5FE3
£138K03/230.25 mi43, Fenwick Way, Consett, County Durham DH8 5FD3
£150K07/230.27 mi5, Clarence Gardens, Consett, County Durham DH8 5TU3
£135K05/210.28 miCory House, Brockwell Lane, Consett, County Durham DH8 5UP3
£76K10/210.28 mi185, Durham Road, Blackhill, Consett, County Durham DH8 5UQ3
£105K03/230.28 mi185, Durham Road, Blackhill, Consett, County Durham DH8 5UQ3
£100K11/200.31 mi29, Thomas Street, Blackhill, Consett, Durham DH8 0AB3
£125K01/210.35 mi37, Aynsley Terrace, Consett, Durham DH8 5NQ3
£126K03/210.36 mi6, George Street, Blackhill, Consett, County Durham DH8 0AE3
£135K04/210.36 mi28, George Street, Blackhill, Consett, Durham DH8 0AE3
£135K05/230.37 mi20, Romany Drive, Consett, County Durham DH8 5XL3
£88.5K05/210.39 mi6, Barr House Avenue, Consett, County Durham DH8 5NE3
£180K11/200.39 mi42, Stuart Court, Consett, Durham DH8 5GA3
£155K07/210.39 mi53, Stuart Court, Consett, Durham DH8 5GA3
£127.5K12/200.4 mi10, The Promenade, Consett, Durham DH8 5NJ3
£160K04/210.41 mi21, St Andrews Road, Consett, Durham DH8 8NX3
£115K12/200.42 mi4, The Crescent, Consett, County Durham DH8 5JE3
£96K02/210.42 mi85, The Crescent, Consett, County Durham DH8 5JE3
£169K04/230.44 mi50, Ritsons Road, Consett, County Durham DH8 0AL3
£215K01/210.44 mi11, Kings Road, Consett, County Durham DH8 0AH3
£91K03/210.45 mi3, Cragside Court, Consett, Durham DH8 8TG3
£104.5K02/210.45 mi7, Chartwell Place, Consett, County Durham DH8 5JJ3
£137K12/210.45 mi135, Medomsley Road, Consett, County Durham DH8 5HL3
£101K04/210.46 mi9, Clarendon Street, Consett, Durham DH8 5LS3
£153.5K10/210.46 mi171, Medomsley Road, Consett, Durham DH8 5HU3
£93K12/200.46 mi37, St Marys Crescent, Consett, County Durham DH8 8PA3
£214K06/210.46 mi30, Green Street, Consett, Durham DH8 5LP3
£135K04/210.48 mi268, Medomsley Road, Consett, County Durham DH8 5JW3
£95.5K12/200.48 mi10, Dale Court, Consett, Durham DH8 5DJ3
£105K11/200.49 mi12, Generation Place, Consett, Durham DH8 5XT3
£135K02/230.51 mi62, Berry Edge Road, Consett, County Durham DH8 5DS3
£78.5K10/210.51 mi16, High Ridge, Consett, County Durham DH8 8TJ3
£82K09/210.52 mi298, Medomsley Road, Consett, County Durham DH8 5JP3
£110K12/200.52 mi302, Medomsley Road, Consett, County Durham DH8 5JP3
£93K06/210.56 mi5, Valley Gardens, Blackhill, Consett, County Durham DH8 8RQ3
£115K12/200.56 mi29, Valley Gardens, Blackhill, Consett, Durham DH8 8RQ3
£118.5K04/230.56 mi12, The Green, Consett, County Durham DH8 5BG3
£113K07/210.56 mi6, The Green, Consett, County Durham DH8 5BG3
£90K02/230.58 mi11, Chaytor Road, Consett, County Durham DH8 8QA3
£183K04/230.61 mi1, Fairways, Consett, County Durham DH8 5NT3
£140K06/210.62 mi28, Elsdon Gardens, Consett, Durham DH8 5NS3
£169.9K12/220.62 mi27, Elsdon Gardens, Consett, County Durham DH8 5NS3
£183K11/200.62 mi7, Balmoral Grove, Consett, Durham DH8 6DE3
£140K01/230.62 mi8, Cardoon Road, Consett, County Durham DH8 6GG3

Local Rents

17 rents from £625/mo to £2.9K/mo, average is £750/mo.

RentDateDistanceAddressBeds 
£71512/240.09 mi-3
£72502/250.4 mi-3
£75012/240.46 mi-3
£77003/250.46 mi-3
£62512/240.48 mi-3
£72503/250.48 mi-3
£77502/250.49 mi-3
£79502/250.5 mi-3
£72512/240.5 mi-3
£69512/240.66 mi-3
£99512/240.71 mi-3
£90012/240.72 mi-3
£72512/240.87 miSpiro Court, Consett, Durham, DH83
£75012/240.88 miSteading Court, Consett3
£2,85002/251.21 mi-3
£79512/241.23 miAskrigg Close, Consett3
£75012/241.24 mi-3

Local Area Statistics

Population in DH8

38,324

Population in Consett

38,379

Town centre distance

0.33 miles away

Nearest school

0.40 miles away

Nearest train station

6.81 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+9%

Sales demand

Seller's market

Capital growth (5yrs)

+14%

Property History

Listed for £155,000

December 5, 2024

Floor Plans

Description

  • First Time Buyers +
  • Period Terrace +
  • Three Bedrooms +
  • 2 Reception Rooms +
  • Garage +

Three-Bedroom Terraced Home with Garage, Available with No Onward Chain Overlooking Black Hill Park.

This well-presented three-bedroom terraced house offers modern living with a great view of Blackhill Park. Conveniently located near Consett town centre and Blackhill village, this property could prove to be an ideal choice for first-time buyers, investors, or those looking to downsize without sacrificing comfort.

Entering the home, you enter through a part-glazed composite external door where you find a classic vestibule with Wainscott panelling that leads to a spacious traditional hallway with beautiful tiled flooring. The ground floor includes two large reception rooms separated by folding doors, adding to the versatility of the space. The lounge features a traditional gas fire set in an exposed stone inglenook fireplace, perfect for cosy evenings. The adjacent dining room is an inviting space for family meals and entertaining, joining the kitchen and the front reception room. Recent updates include wood-effect tiled flooring that adds a contemporary touch. The modern kitchen is designed for functionality with sleek finishes, such as the statement Belfast sink and granite work surfaces and has plenty of counter space. There are two spacious storage cupboards just off the kitchen for added convenience.

Upstairs, a split-level landing leads to a family bathroom, easily accessible from all rooms. This impressive space has the benefit of beautiful tiling, in addition to a bath and a separate shower. There is also a handy storage cupboard and smart inset spotlights. The first floor has three generously sized bedrooms. The first and second bedrooms have generous built-in bedroom furniture. Additionally, there is a generous landing which provides access to a drop-down hatch and opens to a boarded loft space with electricity, lighting, and a skylight, offering great storage options or the potential for full conversion subject to the relevant permissions.

The rear garden is landscaped with stone paving and raised planting borders, providing a nice area for outdoor dining or relaxation. A spacious garage equipped with electricity and an up-and-over door adds convenience.

Situated in a desirable area, this home is close to local amenities in both Consett and Blackhill. Across the street, Blackhill Park is available for walks and outdoor activities. With excellent bus links for commuting and a friendly community atmosphere, this property is an excellent choice.

Don't miss the opportunity to make this house your home-schedule a viewing today!

Blackhill has a range of shops including an award-winning bakery and excellent transport links. The village of Shotley Bridge is short drive and has a charming range of local shops and amenities including a primary school (infant and junior schools). The nearest town of Consett is approximately 1 mile away and provides a wider range of shops, supermarkets and sporting facilities. There are several popular countryside walks and cycle routes, including along the River Derwent and further into neighbouring Northumberland. It is well positioned for access to Newcastle and Durham, both within 16 miles, making it an excellent location from which to commute.

Please note: For full disclosure, it is important to note that this property is owned by an associate of a member of the Harrington Brown team. If you have any questions or need further clarification, please feel free to reach out.

Council Tax Band: A
Tenure: Freehold

Agent Details

Harrington Brown Property Ltd, Shotley Bridge

01202 125843

Next Steps?

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