3 Bed Terraced House, Single Let, Consett, DH8 6JT, £47,000

First Street, Leadgate, CONSETT, DH8 6JT - 2 views - 2 months ago

Auction
BTL
ROI: 18%
~93 m²
+5 photos

ValuationUndervalued

Sold Prices£80K - £250K
Sold Prices/m²£871/m² - £2.4K/m²

 

 

Square Metres

~93 m²
Price/m²£505/m²

Value Estimate

£56,400
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£11,750

Stamp Duty & Legal Fees

£2,610

Total Cash In

£14,360

 

 

Cash Out

 

Rent Range

£370 - £2,850

Rent Estimate

£483

Running Costs/mo

£263

Cashflow/mo

£220

Cashflow/yr

£2,634

ROI

18%

Gross Yield

12%

Local Sold Prices

36 sold prices from £80K to £250K, average is £128.5K. £871/m² to £2.4K/m², average is £1.5K/m².

PriceDateDistanceAddressBeds 
£97K01/210.49 mi21, Second Street, Watling Street Bungalows, Consett, Durham DH8 6HP3
£110K04/230.57 mi18, Dere Park, Leadgate, Consett, County Durham DH8 6DG3
£81K12/200.59 mi6, Pont Road, Consett, Durham DH8 6HE3
£140K01/210.66 mi13, Patterdale Mews, Consett, County Durham DH8 6HQ3
£176K12/220.75 mi35, St Ives Gardens, Leadgate, Consett, County Durham DH8 7PQ3
£160K04/210.75 mi7, St Ives Gardens, Leadgate, Consett, Durham DH8 7PQ3
£137.5K11/220.75 mi18, St Ives Gardens, Leadgate, Consett, County Durham DH8 7PQ3
£105K06/230.78 mi36, South Magdalene, Medomsley, Consett, County Durham DH8 6RH3
£125K03/210.78 mi13, South Magdalene, Consett, Durham DH8 6RH3
£138.3K06/230.78 mi3, South Magdalene, Medomsley, Consett, County Durham DH8 6RH3
£116K12/220.79 mi14, Bluebell Close, Leadgate, Consett, County Durham DH8 7GA3
£88K01/210.8 mi59, St Ives Road, Consett, County Durham DH8 7QB3
£88K01/210.8 mi59, St Ives Road, Consett, County Durham DH8 7QB3
£151.5K03/230.8 mi64, St Ives Road, Consett, County Durham DH8 7QB3
£95K06/230.81 mi7, Plantation Street, Consett, County Durham DH8 7PP3
£121.5K07/230.81 mi6, Bluebell Close, Leadgate, Consett, County Durham DH8 7GA3
£100K12/200.82 mi56, South Magdalene, Consett, Durham DH8 6RJ3
£110K02/210.82 mi12, Fairview Drive, Consett, Durham DH8 6QX3
£140K06/210.83 mi28, Elsdon Gardens, Consett, Durham DH8 5NS3
£169.9K12/220.83 mi27, Elsdon Gardens, Consett, County Durham DH8 5NS3
£183K04/230.84 mi1, Fairways, Consett, County Durham DH8 5NT3
£100K05/210.84 mi43, Villa Real Road, Consett, County Durham DH8 6BL3
£183K11/200.84 mi7, Balmoral Grove, Consett, Durham DH8 6DE3
£172K02/210.84 mi36, Highsteads, Medomsley, Consett, Durham DH8 6QB3
£80K08/210.84 mi6, Wingrove Terrace, Consett, County Durham DH8 7QE3
£132K10/210.91 mi61, North Magdalene, Medomsley, Consett, County Durham DH8 6RQ3
£169.9K11/200.92 mi20, Newbell Court, Consett, Durham DH8 6FE3
£82K09/210.93 mi298, Medomsley Road, Consett, County Durham DH8 5JP3
£110K12/200.93 mi302, Medomsley Road, Consett, County Durham DH8 5JP3
£165K04/210.94 mi2a, The Crossroads, Medomsley, Consett, Durham DH8 6RL3
£225K01/210.97 mi25, Hunters Close, Medomsley, Consett, Durham DH8 6SP3
£175K07/210.97 mi18, Hunters Close, Medomsley, Consett, Durham DH8 6SP3
£250K12/200.97 mi26, Hunters Close, Medomsley, Consett, Durham DH8 6SP3
£112.5K06/210.97 mi38, Laurel Drive, Consett, County Durham DH8 7RG3
£120K08/211 mi22, Steadings Court, Consett, Durham DH8 6GA3
£135K04/211 mi268, Medomsley Road, Consett, County Durham DH8 5JW3

Local Rents

50 rents from £370/mo to £2.9K/mo, average is £650/mo.

RentDateDistanceAddressBeds 
£72512/240.56 mi-2
£49505/240.73 mi-2
£49501/250.73 mi-2
£60012/240.75 mi-3
£60012/240.77 mi-2
£75012/240.81 miBluebell Close, Leadgate, Consett, DH83
£62512/240.82 mi-2
£1,10012/240.85 mi-4
£60012/240.91 miEmma Street, Consett, Durham, DH82
£52512/240.92 miDurham Road, Consett, Durham, DH81
£75012/240.96 miSteading Court, Consett3
£65002/240.99 mi-3
£65004/240.99 mi-3
£65012/240.99 miDunelm Way, Consett, DH83
£72512/241.01 mi-3
£75012/241.09 mi-2
£75003/251.09 mi-2
£55012/241.16 miGladstone Gardens, Consett, Durham, DH82
£50012/241.2 miBeverley Gardens, Consett, County Durham, DH82
£47512/241.21 mi-2
£49512/241.23 miCleadon Street, Consett, Durham, DH81
£60012/241.23 mi-2
£62512/241.27 miRosemary Close, Consett2
£60012/241.27 mi-2
£77502/251.27 mi-3
£52512/241.29 miSouthernwood, Consett2
£95012/241.33 mi-4
£95012/241.35 miSnows Green Cottage, Shotley Bridge2
£1,05011/241.35 mi-5
£90012/241.35 mi-2
£90012/241.35 mi-3
£52503/251.35 mi-2
£72503/251.39 mi-3
£37012/241.4 miChurch Street, Consett, DH81
£74503/251.41 mi-2
£55012/241.42 mi-2
£60012/241.46 mi-2
£70012/241.47 miDerwent Mews, Blackhill, Consett, DH82
£70012/241.47 mi-2
£70003/251.47 mi-2
£71512/241.53 mi-3
£47512/241.55 mi-2
£55012/241.55 miConstance Street, Consett, County Durham, DH82
£47512/241.56 mi-2
£2,85002/251.58 mi-3
£72012/241.61 mi-2
£60012/241.62 mi-2
£60012/241.63 miThe Green, Consett, County Durham, DH82
£72502/251.64 mi-3
£1,00012/241.65 miFenwick Way, Consett4

Local Area Statistics

Population in DH8

38,324

Population in Consett

38,379

Town centre distance

1.41 miles away

Nearest school

0.70 miles away

Nearest train station

6.74 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+9%

Sales demand

Seller's market

Capital growth (5yrs)

+14%

Property History

Listed for £47,000

February 3, 2025

Description

  • AUCTION SALE +
  • 11 March 2025 +
  • FOR SALE BY AUCTION +
  • EPC Rating - n/a +
  • VIEWINGS CONTACT W H BROWN NORTHERN AUCTION CENTRE +

SUMMARY
AUCTION SALE 11 March 2025 - Deceptively spacious, three-bedroom property.
Requires a full scheme of refurbishment throughout.

DESCRIPTION
*FOR SALE BY AUCTION. VARIOUS BIDDING OPTIONS AVAILABLE: ONLINE, TELEPHONE, PROXY OR IN PERSON AT THE GRAND CONNAUGHT ROOMS, GREAT QUEEN STREET, 61-65, COVENT GARDEN, LONDON, WC2B 5DA * 11TH MARCH 2025***9.30 am START***CONTACT THE AUCTIONEERS TO REGISTER NOW***

Description
A deceptively spacious three-bedroom, mid terrace property set on the edge of Leadgate within a predominantly residential area. The property does require refurbishment throughout, but once updated the property would make an excellent purchase for a property investor, builder or as a buy to let investment. Local amenities can be found in nearby Medomsley and Consett town centre is just a few miles away with convenient access to Durham and Newcastle approximately 15 miles away.

Accommodation
Ground Floor: Entrance Hall, Lounge, Kitchen Area, Three Bedrooms and Shower Room/ Wc.
External: Garden Areas to the Front & Rear.

Tenure:
Freehold.

EPC: C

Council Tax Band: A

Viewings:
William H Brown Northern Auction Centre, 38 High Street, Bawtry, Doncaster, South Yorkshire,
DN10 6JE. Tel.

*GUIDE PRICE £47,000*

Important Notice:
For each Lot, a contract documentation fee of £1500 (inclusive of VAT) is payable to the Auctioneers by the buyer. The seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the Special Conditions of Sale. Buyers are deemed to bid in full knowledge of this.

The Guide Price quoted must not be relied upon by prospective purchasers as a valuation or assessment of value of the property. It is intended to provide purchasers with an indication of the region at which the reserve may be set at the time of going to press. The guide price may be subject to variation and interested parties are advised to make regular checks for variations and should be aware that the reserve price may be either below or above the quoted guide price.

Prospective purchasers should also be aware that the eventual sale price may be above or below the guide level dependent upon competition, and should therefore not presume the guide to be indicative of the final expected sale price or the price the property is available at.
**PLEASE CONTACT THE AUCTIONEERS AT TO REQUEST A COPY OF THE LEGAL PACK, IF THIS IS AVAILABLE WE CAN EMAIL IT OVER TO YOU**

When setting the guide price, the auctioneers have given consideration to the seller’s instructions in respect of their indicated reserve price at the time of instruction. The reserve price, (the level below which the property will not be sold), remains confidential between the seller and the auctioneer. The guide price therefore, is intended to indicate the region at which the reserve price is intended to be set. The seller will confirm their final reserve price close to the auction date and if appropriate the auctioneers may adjust the guide price to reflect this.
Whilst the auctioneers make every effort to ensure the safety and security of viewers at properties, we have not carried out a detailed Health & Safety inspection of properties in our auctions and cannot therefore guarantee the safety and security of viewers.
Prospective purchasers and bidders attend properties entirely at their own risk. Particular care should be taken when accessing cellars, attics, exterior grounds and outbuildings and boundaries. All non-conducted inspections of vacant sites should be made in daylight hours only and entry into such sites is entirely at the viewers risk.

Registration for bidding online will close the Friday before the auction sale. Please ensure you register and submit all the details and documents required in time. Without authorisation to bid prior to the sale you will be unable to bid in the auction.

1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. Photographs and Measurements: Some images may have been taken by a wide angled lens camera. These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Agent Details

William H. Brown, Northern Auction Centre

01302 490142

Next Steps?

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