2 Bed Terraced House, Single Let, Consett, DH8 7JP, £60,000

Henley Gardens, Consett, Durham, DH8 7JP - 2 months ago

Sold STC
BTL
ROI: 13%
~74 m²
+6 photos

ValuationUndervalued

Sold Prices£39K - £174.6K
Sold Prices/m²£639/m² - £2.1K/m²

 

 

Square Metres

~73.80 m²
Price/m²£813/m²

Value Estimate

£74,400
BMV24%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£15,000

Stamp Duty & Legal Fees

£4,200

Total Cash In

£19,200

 

 

Cash Out

 

Rent Range

£475 - £900

Rent Estimate

£519

Running Costs/mo

£311

Cashflow/mo

£208

Cashflow/yr

£2,492

ROI

13%

Gross Yield

10%

Local Sold Prices

50 sold prices from £39K to £174.6K, average is £80K. £639/m² to £2.1K/m², average is £1K/m².

PriceDateDistanceAddressBeds 
£80K06/210.02 mi13, Windsor Gardens, Consett, Durham DH8 7JW2
£85K03/230.03 mi14, Windsor Gardens, Consett, County Durham DH8 7JW2
£68K04/210.09 mi18, Forster Street, Consett, Durham DH8 7JU2
£94K09/210.09 mi9, Forster Street, Consett, County Durham DH8 7JU2
£87K12/220.09 mi6, Forster Street, Consett, County Durham DH8 7JU2
£95K01/230.13 mi28, West Parade, Consett, County Durham DH8 5RR2
£68K10/210.13 mi9, West Parade, Consett, County Durham DH8 5RR2
£47.5K11/200.16 mi37, Gill Street, Consett, Durham DH8 7JT2
£88K09/210.17 mi61, Gill Street, Consett, Durham DH8 7JT2
£75K04/230.17 mi50, Gill Street, Consett, County Durham DH8 7JT2
£80K07/210.17 mi32, Taylor Street, Consett, Durham DH8 5RS2
£71K02/210.17 mi4, Tyne Street, Consett, County Durham DH8 6NN2
£76K04/210.22 mi1, Kelvin Gardens, Consett, County Durham DH8 5RU2
£70K01/210.24 mi87, Sherburn Terrace, Consett, Durham DH8 6NE2
£39K04/230.24 mi4, Cobden Street, Consett, County Durham DH8 6AH2
£110K12/220.25 mi18, Temple Forge Mews, Consett, County Durham DH8 5RZ2
£50K01/210.25 mi6, Unsworth Gardens, Consett, County Durham DH8 5RX2
£88K01/210.25 mi7, Northfield View, Consett, Durham DH8 6AW2
£75K10/200.28 mi6, Gladstone Gardens, Consett, County Durham DH8 6AR2
£75K07/230.28 mi1, Gladstone Gardens, Consett, County Durham DH8 6AR2
£99K07/230.3 mi14, Park Avenue, Consett, County Durham DH8 6AS2
£95K04/210.31 mi7, First Street, Crookhall, Consett, Durham DH8 7LX2
£132K08/210.31 mi45, Medomsley Road, Consett, County Durham DH8 5HG2
£82.5K06/210.35 mi6, Ash Grove, Consett, Durham DH8 6EB2
£66K02/210.37 mi2, Alexandra Street, Consett, Durham DH8 5DR2
£49K12/200.37 mi20, Alexandra Street, Consett, Durham DH8 5DR2
£88K01/230.4 mi38, Edith Street, Consett, County Durham DH8 5DN2
£87.5K11/210.4 mi54, Edith Street, Consett, Durham DH8 5DN2
£75K07/210.4 mi37, Edith Street, Consett, County Durham DH8 5DN2
£72K01/230.41 mi1, Percy Terrace, Consett, County Durham DH8 7EY2
£58K08/210.41 mi3, Percy Terrace, Consett, Durham DH8 7EY2
£88K11/200.42 mi35, Constance Street, Consett, Durham DH8 5DU2
£65K04/230.44 mi116, Medomsley Road, Consett, County Durham DH8 5HS2
£78.5K12/200.45 mi21, Spiro Court, Templetown, Consett, County Durham DH8 7NL2
£155K06/230.45 mi41, Spiro Court, Templetown, Consett, County Durham DH8 7NL2
£125K02/210.45 mi19, Spiro Court, Templetown, Consett, County Durham DH8 7NL2
£75K03/210.45 mi36, Spiro Court, Templetown, Consett, County Durham DH8 7NL2
£50.5K03/230.45 mi27, Knitsley Gardens, Consett, County Durham DH8 7NR2
£48K05/230.45 mi21, Knitsley Gardens, Consett, County Durham DH8 7NR2
£120K05/230.46 mi49, Berry Edge Road, Consett, County Durham DH8 5DS2
£72.5K09/210.46 mi58, Berry Edge Road, Consett, Durham DH8 5DS2
£105K04/230.46 mi39, Berry Edge Road, Consett, County Durham DH8 5DS2
£84K06/230.48 mi5, Bertha Street, Consett, County Durham DH8 5DZ2
£88K10/210.5 mi5, Dale Court, Consett, Durham DH8 5DJ2
£45K04/210.53 mi4, Steel Street, Consett, Durham DH8 5EF2
£86K10/200.53 mi3, Steel Street, Consett, Durham DH8 5EF2
£115K05/210.54 mi52, Stuart Court, Consett, Durham DH8 5GA2
£87.5K03/230.55 mi9, Barr Hills, Consett, County Durham DH8 5NB2
£174.6K03/230.56 mi10, Villa Real Estate, Consett, County Durham DH8 6BJ2
£68K03/230.6 mi8, Allison Street, Consett, County Durham DH8 5JD2

Local Rents

23 rents from £475/mo to £900/mo, average is £600/mo.

RentDateDistanceAddressBeds 
£74503/250.02 mi-2
£55012/240.02 mi-2
£90012/240.14 mi-2
£62512/240.21 miRosemary Close, Consett2
£52512/240.22 miSouthernwood, Consett2
£47512/240.24 mi-2
£55012/240.27 miGladstone Gardens, Consett, Durham, DH82
£72012/240.29 mi-2
£60012/240.3 mi-2
£60012/240.32 mi-2
£60012/240.39 mi-2
£60012/240.39 mi-2
£55012/240.42 miConstance Street, Consett, County Durham, DH82
£55012/240.43 mi-2
£47512/240.44 mi-2
£60012/240.45 mi-2
£60001/250.45 mi-2
£55012/240.45 miKnitsley Gardens, Consett2
£60012/240.45 miThe Green, Consett, County Durham, DH82
£52503/250.52 mi-2
£50012/240.54 miBeverley Gardens, Consett, County Durham, DH82
£60012/240.55 mi-2
£60012/240.57 mi-2

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

7.57 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+9%

Sales demand

Seller's market

Capital growth (5yrs)

+14%

Property History

Listed for £60,000

February 5, 2025

Floor Plans

Description

  • Two Bedroom Terrace +
  • No Onward Chain +
  • Close to Town Centre +
  • Approximate Floor Area 74 Sq Mtrs/ 797 Sq Ft +
  • Council Tax Band A +
  • EPC Rating E +

Offered to the market with the benefit of no onward chain, this spacious two bedroom terraced house is conveniently situated within close proximity of Consett Town Centre. The property provides a wealth of potential and would make an ideal investment opportunity or first time purchase.

Internally, the property briefly comprises of a spacious lounge, kitchen with utility area, two well-proportioned bedrooms and a bathroom. To the front of the property is a small garden area and to the rear is a courtyard. Parking is available on street to the rear of the property.

Henley Gardens is located on the edge of Consett Town Centre and it is within walking distance of the towns many amenities and facilities. Excellent transport links are also accessible from the property for commuting and the regional cities of Durham and Newcastle are both within 15 miles.

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.

QCO240412/2

Agent Details

YOUR MOVE Chris Stonock, Consett

01207 265949

Next Steps?

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