3 Bed Terraced House, Single Let, Consett, DH8 7JU, £89,950

13 Forster Street, Consett, DH8 7JU - 2 views - 2 months ago

BTL
ROI: 14%
~93 m²
+11 photos

ValuationUndervalued

Sold Prices£62K - £231K
Sold Prices/m²£597/m² - £2.1K/m²

 

 

Square Metres

~93 m²
Price/m²£967/m²

Value Estimate

£109,739
BMV22%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£22,488

Stamp Duty & Legal Fees

£3,899

Total Cash In

£26,386

 

 

Cash Out

 

Rent Range

£725 - £2,850

Rent Estimate

£750

Running Costs/mo

£451

Cashflow/mo

£299

Cashflow/yr

£3,587

ROI

14%

Gross Yield

10%

Local Sold Prices

50 sold prices from £62K to £231K, average is £116.3K. £597/m² to £2.1K/m², average is £1.4K/m².

PriceDateDistanceAddressBeds 
£100K03/210.11 mi8, West Parade, Consett, County Durham DH8 5RR3
£65K05/230.13 mi25, Taylor Street, Consett, County Durham DH8 5RS3
£105K01/210.13 mi10, Taylor Street, Consett, Durham DH8 5RS3
£75.5K01/230.13 mi18, Taylor Street, Consett, County Durham DH8 5RS3
£117K06/230.22 mi6, Palmerston Street, Consett, County Durham DH8 5RF3
£200K11/220.23 mi19, Middleton Close, Consett, County Durham DH8 7UQ3
£141K04/230.23 mi17, Meadow Rise, Consett, County Durham DH8 6NS3
£214.5K02/230.24 mi14, Middleton Close, Consett, County Durham DH8 7UQ3
£97K12/200.25 mi21, Southernwood, Consett, Durham DH8 6GD3
£204K06/230.26 mi34, Grassholme Close, Consett, County Durham DH8 7UL3
£231K08/230.26 mi14, Grassholme Close, Consett, County Durham DH8 7UL3
£104K02/230.26 mi24, Gloucester Road, Consett, County Durham DH8 7LL3
£77K03/210.26 mi22, Gloucester Road, Consett, County Durham DH8 7LL3
£140K01/230.29 mi8, Cardoon Road, Consett, County Durham DH8 6GG3
£130K03/230.29 mi12, Cardoon Road, Consett, County Durham DH8 6GG3
£62K02/210.3 mi28, Fairfield, Consett, County Durham DH8 7HA3
£65K02/230.3 mi8, Fairfield, Consett, County Durham DH8 7HA3
£70K10/210.3 mi41, Berksyde, Consett, County Durham DH8 7LJ3
£170K12/220.34 mi80, Holwick Close, Consett, County Durham DH8 7UJ3
£135K01/230.34 mi30, Gladstone Street, Consett, County Durham DH8 6AQ3
£115K07/210.37 mi6, Park Avenue, Consett, County Durham DH8 6AS3
£88.3K05/230.39 mi18, Third Street, Crookhall, Consett, County Durham DH8 7LT3
£118.5K04/230.4 mi12, The Green, Consett, County Durham DH8 5BG3
£113K07/210.4 mi6, The Green, Consett, County Durham DH8 5BG3
£70K01/210.41 mi50, Old Hall Road, Consett, County Durham DH8 7HU3
£107K06/230.41 mi56, Old Hall Road, Consett, County Durham DH8 7HU3
£135K02/230.42 mi62, Berry Edge Road, Consett, County Durham DH8 5DS3
£214K06/210.42 mi30, Green Street, Consett, Durham DH8 5LP3
£124K11/200.43 mi33, Ashdale Road, Consett, Durham DH8 6AU3
£105K03/210.43 mi9, Ash Grove, Consett, Durham DH8 6EB3
£145K02/230.44 mi39, Askrigg Close, Consett, County Durham DH8 7EF3
£180K01/210.44 mi17, Redmire Drive, Consett, Durham DH8 7EL3
£101K04/210.44 mi9, Clarendon Street, Consett, Durham DH8 5LS3
£175K09/210.45 mi87, Redmire Drive, Consett, County Durham DH8 7EL3
£95.5K12/200.46 mi10, Dale Court, Consett, Durham DH8 5DJ3
£170K02/230.47 mi4, Horton Close, Consett, County Durham DH8 7EN3
£95K10/210.47 mi71, Castledene Road, Consett, County Durham DH8 7HH3
£80K12/200.48 mi57, Iveston Road, Consett, County Durham DH8 7HR3
£151.3K03/230.49 mi10, Oakdale Road, Consett, County Durham DH8 6AT3
£159K02/210.49 mi4, Bainbridge Close, Consett, Durham DH8 7EG3
£120K08/210.5 mi22, Steadings Court, Consett, Durham DH8 6GA3
£127.1K03/210.5 mi20, Deepdale Drive, Consett, County Durham DH8 7EH3
£137K12/210.5 mi135, Medomsley Road, Consett, County Durham DH8 5HL3
£180K11/200.51 mi42, Stuart Court, Consett, Durham DH8 5GA3
£155K07/210.51 mi53, Stuart Court, Consett, Durham DH8 5GA3
£65K03/210.52 mi7, Pontop View, Consett, County Durham DH8 7JB3
£105K11/200.52 mi12, Generation Place, Consett, Durham DH8 5XT3
£88.5K05/210.54 mi6, Barr House Avenue, Consett, County Durham DH8 5NE3
£69K03/230.54 mi8, Shafto Close, Consett, County Durham DH8 7JD3
£115.5K12/200.55 mi43, Langdon Close, Consett, Durham DH8 7NG3

Local Rents

13 rents from £725/mo to £2.9K/mo, average is £775/mo.

RentDateDistanceAddressBeds 
£90012/240.18 mi-3
£72512/240.33 miSpiro Court, Consett, Durham, DH83
£2,85002/250.36 mi-3
£72503/250.38 mi-3
£75012/240.38 mi-3
£77502/250.41 mi-3
£79512/240.45 miAskrigg Close, Consett3
£79012/240.49 mi-3
£79012/240.49 miDeepdale Drive, Consett, DH83
£80012/240.49 mi-3
£75012/240.53 miSteading Court, Consett3
£75012/240.54 mi-3
£77003/250.54 mi-3

Local Area Statistics

Population in DH8

38,324

Population in Consett

38,379

Town centre distance

0.53 miles away

Nearest school

0.30 miles away

Nearest train station

7.61 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+9%

Sales demand

Seller's market

Capital growth (5yrs)

+14%

Property History

Listed for £89,950

February 2, 2025

Floor Plans

Description

  • TWO RECEPTION ROOMS +
  • THREE BEDROOMS +
  • NO ONWARD CHAIN +
  • LARGE EXTENSION +
  • CENTRAL LOCATION +

For sale: a neutrally decorated, terraced house that presents a wonderful opportunity for first-time buyers, investors, or families seeking a welcoming home. The property boasts three double bedrooms, each equipped with built-in wardrobes, providing ample storage space for occupants.

The home features two well-appointed reception rooms, both housing a comforting fireplace, perfect for cosy evenings in. The second reception room also offers the added benefit of built-in storage, making it a versatile space for a variety of uses.

The kitchen, bathed in natural light, creates a pleasant atmosphere for cooking and dining, while the house's bathroom is a modern wet room, designed for practicality and ease of use.

Located in a vibrant neighbourhood, the property offers excellent transport links for commuting, with a range of local amenities within close proximity. The nearby schools make the area ideal for families, while the green spaces and walking and cycling routes will appeal to those who enjoy an active outdoor lifestyle.

One of the unique features of this house is the off-road parking available to the rear, with enough space for multiple vehicles, a rarity in such a central location.

This property truly blends the charm of a terraced house with the benefits of modern living, offering a sizeable, comfortable space for any potential buyer. It also offers great potential for personalisation, making it an excellent investment opportunity.

Agent Details

Hunters, Consett

01207 265957

Next Steps?

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