2 Bed Bungalow, Single Let, Consett, DH8 6JX, £69,000

Second Street, Bradley Bungalows, Consett, DH8 6JX - 4 months ago

Auction
BTL
ROI: 9%
~67 m²
+9 photos

ValuationUndervalued

Sold Prices£47K - £174.6K
Sold Prices/m²£801/m² - £2.2K/m²

 

 

Square Metres

~66.50 m²
Price/m²£1K/m²

Value Estimate

£84,180
BMV22%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£17,250

Stamp Duty & Legal Fees

£4,650

Total Cash In

£21,900

 

 

Cash Out

 

Rent Range

£475 - £750

Rent Estimate

£495

Running Costs/mo

£335

Cashflow/mo

£160

Cashflow/yr

£1,925

ROI

9%

Gross Yield

9%

Local Sold Prices

25 sold prices from £47K to £174.6K, average is £95K. £801/m² to £2.2K/m², average is £1.3K/m².

PriceDateDistanceAddressBeds 
£95K01/230.04 mi49, Bradley Cottages, Consett, County Durham DH8 6JY2
£75K11/200.17 mi29, Bradley Cottages, Consett, Durham DH8 6JZ2
£105K02/210.18 mi76, Dewhirst Close, Leadgate, Consett, County Durham DH8 6LF2
£120K03/230.18 mi4, Pleasant View, Medomsley, Consett, County Durham DH8 6RE2
£135K03/230.19 mi13, Pleasant View, Medomsley, Consett, County Durham DH8 6RE2
£71.3K03/210.5 mi30, Third Street, Watling Street Bungalows, Consett, Durham DH8 6HT2
£80K05/210.5 mi28, Third Street, Watling Street Bungalows, Consett, County Durham DH8 6HT2
£117K07/210.62 mi2, Ponthead Mews, Consett, Durham DH8 6TD2
£78.8K12/210.62 mi19, Garden Terrace, Consett, County Durham DH8 6ED2
£47K06/230.69 mi15, South Cross Street, Consett, County Durham DH8 6DJ2
£150K10/200.72 mi16, Villa Real Bungalows, Consett, Durham DH8 6BQ2
£60K08/210.73 mi10, Railway Street, Consett, County Durham DH8 6DN2
£110K12/200.73 mi46, Fines Road, Consett, Durham DH8 6QS2
£80K02/230.8 mi11, West View, Medomsley Edge, Consett, County Durham DH8 6PB2
£70K12/200.81 mi25, West View, Medomsley Edge, Consett, Durham DH8 6PB2
£81.5K11/200.81 mi12, Walton Terrace, Villa Real, Consett, Durham DH8 6BW2
£174.6K03/230.86 mi10, Villa Real Estate, Consett, County Durham DH8 6BJ2
£103K04/230.87 mi19, Fines Road, Consett, County Durham DH8 6QR2
£48.3K05/210.87 mi7, Elm Terrace, Consett, County Durham DH8 7QJ2
£71.5K12/220.88 mi4, Emma Street, Consett, County Durham DH8 5NP2
£90K07/210.88 mi9, Emma Street, Consett, Durham DH8 5NP2
£107.5K11/200.92 mi284, Medomsley Road, Consett, County Durham DH8 5JP2
£135K05/210.93 mi3, Grange Terrace, Consett, County Durham DH8 6PL2
£105K03/230.97 mi263, Medomsley Road, Consett, County Durham DH8 5JR2
£106K04/230.97 mi269, Medomsley Road, Consett, County Durham DH8 5JR2

Local Rents

12 rents from £475/mo to £750/mo, average is £600/mo.

RentDateDistanceAddressBeds 
£72512/240.57 mi-2
£49505/240.74 mi-2
£49502/250.74 mi-2
£60012/240.78 mi-2
£62512/240.83 mi-2
£60012/240.9 miEmma Street, Consett, Durham, DH82
£75012/241.07 mi-2
£75003/251.07 mi-2
£55012/241.16 miGladstone Gardens, Consett, Durham, DH82
£50012/241.19 miBeverley Gardens, Consett, County Durham, DH82
£47512/241.2 mi-2
£60012/241.23 mi-2

Local Area Statistics

Population in DH8

38,324

Population in Consett

38,379

Town centre distance

1.39 miles away

Nearest school

0.70 miles away

Nearest train station

6.72 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+9%

Sales demand

Seller's market

Capital growth (5yrs)

+14%

Property History

Listed for £69,000

December 21, 2024

Floor Plans

Description

  • Vacant Possession & No Forward Chain +
  • New Kitchen & Cooking Appliances +
  • Contemporary Wet Room +
  • Two Double Bedrooms +
  • Two Reception Rooms +
  • Generous Garden & View +

Available for sale by Public Online Auction 31st March 2025

No Forward Chain & Vacant Possession New Kitchen & Cooking Appliances, updated wet room, generous garden with a pleasant view.

This terraced bungalow is gas centrally heated via a combination boiler and is externally double-glazed. The property had a new kitchen fitted in 2024 with new cooking appliances included. Briefly, the property comprises an entrance porch, kitchen, wet room, two reception rooms, and two double bedrooms. In addition, the loft has been converted and provides good storage space, there is a Velux-style window and a radiator. Externally, the yard is wall-enclosed with gated access, the garden is a generous size, is mainly laid to lawn, and has mature borders, a pond, and a patio area.

EPC Grade D Council Tax Band A

Bradley Bungalows is situated between Pont Bungalows and Bradley Cottages, close to the villages of Leadgate and Medomsley, which have some local facilities. It is just over two miles from Consett town centre, which has a good range of shopping and recreational facilities, and it is approximately 13 miles from the regional centres of Durham and Newcastle.

Each auction property is offered at a guide price and is also subject to a reserve price. The guide price is the level where the bidding will commence. The reserve price is the sellers minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price, which may be up to 10% higher than the guide price, is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction. The successful buyer pays a £2000+vat (Total £2400) Auction Administration Fee. OPTION 1.

Agents Notes
Freehold
Mains electricity, gas, water & drainage.
Flood Risk: Rivers & Seas = No Risk / Surface Water = Very Low.
Mobile coverage is good from O2, average from EE, Three & Vodaphone.
Satelliet & Cable availability: BT, Sky & Virgin.
Broadband availability: Standard, Superfast & Ultrafast.
Former mining area.
Selective Licencing Area = Yes.
Restrictive Covenant - available on request.

Agent Details

J W Wood, Consett

01207 265924

Next Steps?

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