4 Bed Detached House, Refurb/BRRR, Consett, DH8 5XR, £450,000

Parkside, Blackhill, Consett, Durham, DH8 5XR - 2 months ago

Refurb/BRRR
~129 m²
+33 photos

ValuationOvervalued

Sold Prices£120K - £505K
Sold Prices/m²£888/m² - £3.5K/m²

 

 

Square Metres

~129.26 m²
Price/m²£3.5K/m²

Value Estimate

£226,767

 

 

End Value (After Refurb)

£177,250

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£112,500

Stamp Duty & Legal Fees

£36,200

Refurb Costs

£49,610

Bridging Loan Interest

£11,813

Total Cash In

£211,872

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£177,250

Mortgage (After Refinance)

£132,938

Mortgage LTV

75%

Cash Left In

£211,872

Equity

£44,313

Rent Range

£625 - £1,150

Rent Estimate

£825

Running Costs/mo

£739

Cashflow/mo

£86

Cashflow/yr

£1,033

ROI

0%

Gross Yield

2%

Local Sold Prices

44 sold prices from £120K to £505K, average is £218.5K. £888/m² to £3.5K/m², average is £1.8K/m².

PriceDateDistanceAddressBeds 
£183K12/220.12 mi124, Fenwick Way, Consett, County Durham DH8 5FE4
£175K11/210.14 mi58, Fenwick Way, Consett, Durham DH8 5FE4
£178K12/200.14 mi70, Fenwick Way, Consett, Durham DH8 5FE4
£195K12/200.19 mi11, Fenwick Way, Consett, Durham DH8 5FD4
£155K10/200.19 mi28, Fenwick Way, Consett, Durham DH8 5FD4
£220.5K04/210.19 mi48, Fenwick Way, Consett, County Durham DH8 5FD4
£195K04/230.19 mi31, Fenwick Way, Consett, County Durham DH8 5FD4
£171K09/210.23 mi6, Queens Gate, Consett, Durham DH8 5FB4
£210K02/210.24 mi22, Laburnum Avenue, Consett, Durham DH8 5TD4
£125K08/210.31 mi19, Park Road, Consett, Durham DH8 5EA4
£505K11/200.31 miBlackfyne House, 162, Durham Road, Blackhill, Consett, Durham DH8 5TN4
£247.5K08/210.39 mi84, Abbotts Way, Consett, County Durham DH8 5XU4
£225K12/200.47 mi17, Queens Road, Consett, Durham DH8 0BJ4
£127K04/210.47 mi23, Alexandra Street, Consett, County Durham DH8 5DR4
£217K12/200.56 mi7, Muirfield Close, Consett, Durham DH8 5XE4
£265K01/230.57 mi19, Muirfield Close, Consett, County Durham DH8 5XE4
£300K03/210.63 mi8, Briarside, Blackhill, Consett, Durham DH8 0AS4
£300K08/210.63 mi11, Benfieldside Road, Consett, County Durham DH8 0SF4
£275K06/230.64 mi30, Balmoral Grove, Consett, County Durham DH8 6DE4
£197.9K03/210.68 mi18, Alston Terrace, Consett, Durham DH8 8JT4
£120K02/210.69 mi51, Villa Real Road, Consett, Durham DH8 6BL4
£380K01/230.7 mi80, Queens Road, Consett, County Durham DH8 0BW4
£320K02/230.72 mi14, Turnberry Close, Consett, County Durham DH8 5XG4
£220K12/220.74 mi19, Priory Close, Consett, County Durham DH8 0SA4
£162.5K11/200.75 mi25, Priory Close, Consett, Durham DH8 0SA4
£415K06/230.78 mi47, Barley Mill Road, Consett, County Durham DH8 8JS4
£220K08/210.79 mi33, Mickleton Close, Consett, Durham DH8 7UG4
£210K06/210.81 mi56, Barley Mill Road, Consett, County Durham DH8 8JR4
£180K11/200.81 mi42, Manor Close, Consett, Durham DH8 8BN4
£235K11/220.83 mi12, Newbell Court, Consett, County Durham DH8 6FE4
£185K03/230.83 mi8, Granary Court, Consett, County Durham DH8 6FF4
£200K03/230.83 mi23, Granary Court, Consett, County Durham DH8 6FF4
£190K11/220.84 mi10, Manor Close, Consett, County Durham DH8 8BN4
£240K11/210.84 mi140, Benfieldside Road, Consett, Durham DH8 0RP4
£225K11/220.85 mi25, Rolling Mill, Consett, County Durham DH8 6NH4
£247.5K11/200.85 mi26, Rolling Mill, Consett, Durham DH8 6NH4
£195K11/200.86 mi23, Newbell Court, Consett, Durham DH8 6FE4
£207K12/210.88 mi32, Eggleston Drive, Consett, Durham DH8 7UB4
£222.5K12/200.88 mi36, Eggleston Drive, Consett, Durham DH8 7UB4
£225K11/200.91 mi35, Carr House Mews, Consett, Durham DH8 6FD4
£216K03/210.91 mi6, Carr House Mews, Consett, Durham DH8 6FD4
£270K03/230.93 mi3, Cotherstone Close, Consett, County Durham DH8 7UE4
£280K01/230.94 mi16, Eggleston Drive, Consett, County Durham DH8 7UB4
£220K04/210.98 mi6, Holwick Close, Consett, Durham DH8 7UH4

Local Rents

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

RentDateDistanceAddressBeds 
£71512/240.13 mi-3
£1,00012/240.18 miFenwick Way, Consett4
£1,15003/250.31 mi-4
£1,15003/250.31 mi-4
£75012/240.38 mi-3
£77003/250.38 mi-3
£72503/250.41 mi-3
£77502/250.44 mi-3
£72502/250.47 mi-3
£72512/240.5 mi-3
£62512/240.52 mi-3
£79502/250.56 mi-3

Local Area Statistics

Population in DH8

38,324

Population in Consett

38,379

Town centre distance

0.26 miles away

Nearest school

0.30 miles away

Nearest train station

6.89 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+9%

Sales demand

Seller's market

Capital growth (5yrs)

+14%

Property History

Listed for £450,000

January 20, 2025

Floor Plans

Description

  • Detached Stone-Built House +
  • Driveway for multiple cars +
  • 5 Double Bedrooms +
  • Downstairs WC +
  • Utility Room +
  • Annexe wing with kitchen and bathroom +
  • Plentiful storage throughout +
  • Situated in Blackhill, Consett +
  • EPC TBC +

Welcome to this stunning and versatile 5-bedroom stone-built detached property, offering an abundance of living space and a unique charm. Located in the sought-after area of Blackhill, Consett, this home is perfect for growing families or multi-generational living and presents an exciting opportunity to modernize and make it your own.

The main house features five large double bedrooms, ensuring plenty of room for the whole family. The master suite includes built-in storage and a luxurious en-suite with a roll-top bath, providing a private retreat. The second bedroom also boasts an en-suite, while the third and fourth bedrooms come with fitted wardrobes, offering ample storage. A ground-floor wet room, along with a downstairs WC, adds practicality for busy households.

At the heart of the home lies the spacious kitchen/dining room, complete with French doors that open onto the rear garden—ideal for entertaining or enjoying family meals with a view. A separate utility room provides further functionality, while the inviting living room offers a cozy space to relax and unwind.

A standout feature of this property is the integrated annexe wing, accessible from the main house. With its own kitchen, bathroom, and living/bedroom space, it’s perfect for extended family, guests, or even as a potential rental income opportunity.

The property also benefits from a large driveway with space for multiple vehicles, and the expansive rear garden features a patio area and a greenhouse, ideal for gardening enthusiasts or outdoor gatherings.

This home has been fitted with ceiling track hoists for the previous owner. While the property would benefit from modernisation, it provides a fantastic blank canvas for you to create your dream home.

Situated in the charming area of Blackhill, this home enjoys close proximity to local amenities, schools, and transport links, offering the perfect balance of tranquility and convenience.

Don’t miss out on this rare opportunity to own a characterful stone-built property with endless potential. Call us today to arrange your viewing!

Council Tax: F
EPC rating: TBC

IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS: We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.

COS240008/2

Agent Details

Reeds Rains, Consett

01207 265948

Next Steps?

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