3 Bed Detached House, Cash/Bridging Only, Consett, DH8 8JY, £220,000

Sandford Road, Bridgehill, Consett, DH8 8JY - 2 months ago

Cash
~87 m²
+11 photos

ValuationOvervalued

Sold Prices£60K - £315K
Sold Prices/m²£729/m² - £2.9K/m²

 

 

Square Metres

~87.10 m²
Price/m²£2.5K/m²

Value Estimate

£125,578

 

 

End Value (After Refurb)

£217,375

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£55,000

Stamp Duty & Legal Fees

£14,100

Refurb Costs

£33,429

Bridging Loan Interest

£5,775

Total Cash In

£110,054

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£217,375

Mortgage (After Refinance)

£163,031

Mortgage LTV

75%

Cash Left In

£110,054

Equity

£54,344

Rent Range

£370 - £1,150

Rent Estimate

£706

Running Costs/mo

£840

Cashflow/mo

£-134

Cashflow/yr

£-1,614

Gross Yield

4%

Local Sold Prices

50 sold prices from £60K to £315K, average is £142.5K. £729/m² to £2.9K/m², average is £1.4K/m².

PriceDateDistanceAddressBeds 
£160K08/210.04 mi111, Pleasant View, Bridgehill, Consett, Durham DH8 8LF3
£145K12/210.08 mi58, Backstone Road, Consett, County Durham DH8 8QG3
£60K12/210.11 mi89, Chaytor Road, Consett, Durham DH8 8QP3
£167K08/210.11 mi20, Alston Road, Consett, Durham DH8 8JU3
£145K10/200.11 mi12, Alston Road, Consett, County Durham DH8 8JU3
£286.5K10/200.13 mi39, Barley Mill Road, Consett, Durham DH8 8JS3
£90K02/230.24 mi11, Chaytor Road, Consett, County Durham DH8 8QA3
£200K04/210.29 mi79, Cutlers Hall Road, Blackhill, Consett, Durham DH8 8RF3
£93K06/210.31 mi5, Valley Gardens, Blackhill, Consett, County Durham DH8 8RQ3
£115K12/200.31 mi29, Valley Gardens, Blackhill, Consett, Durham DH8 8RQ3
£216.5K06/210.34 mi22, Priory Close, Consett, Durham DH8 0SA3
£78.5K10/210.34 mi16, High Ridge, Consett, County Durham DH8 8TJ3
£157.5K12/200.36 mi32, Queensway, Consett, County Durham DH8 0RZ3
£93K12/200.37 mi37, St Marys Crescent, Consett, County Durham DH8 8PA3
£118K12/200.37 mi24, Cutlers Avenue, Consett, Durham DH8 0AX3
£91K03/210.39 mi3, Cragside Court, Consett, Durham DH8 8TG3
£147K07/210.4 mi10, Northstead Drive, Consett, County Durham DH8 0RX3
£168.5K06/230.41 mi80, Benfieldside Road, Consett, County Durham DH8 0SD3
£110K05/210.42 mi22, Queensway, Consett, County Durham DH8 0RU3
£160K04/210.42 mi21, St Andrews Road, Consett, Durham DH8 8NX3
£135K04/230.46 mi19, The Crescent, Shotley Bridge, Consett, County Durham DH8 0JA3
£135K11/200.49 mi146, Benfieldside Road, Consett, Durham DH8 0RP3
£230K04/230.49 mi150, Benfieldside Road, Consett, County Durham DH8 0RP3
£197.5K12/200.49 mi150, Benfieldside Road, Consett, Durham DH8 0RP3
£118.5K03/210.56 mi22, Riverside, Consett, County Durham DH8 0JB3
£169K04/230.58 mi50, Ritsons Road, Consett, County Durham DH8 0AL3
£280K03/210.6 miPinetrees, Church Bank, Consett, Durham DH8 0NW3
£130K12/200.63 mi22, Benfield Close, Consett, Durham DH8 0RH3
£105K03/210.63 mi53, Rosedale Avenue, Consett, County Durham DH8 0DZ3
£100K11/200.65 mi29, Thomas Street, Blackhill, Consett, Durham DH8 0AB3
£126K03/210.65 mi6, George Street, Blackhill, Consett, County Durham DH8 0AE3
£135K04/210.65 mi28, George Street, Blackhill, Consett, Durham DH8 0AE3
£215K01/210.67 mi11, Kings Road, Consett, County Durham DH8 0AH3
£315K04/230.68 mi11, Briary Gardens, Consett, County Durham DH8 0RE3
£140K03/230.73 mi8, Rosedale Avenue, Consett, County Durham DH8 0DY3
£147K07/210.74 mi54, Woodlands Road, Consett, County Durham DH8 0DH3
£78K11/210.76 mi12, Roger Street, Consett, County Durham DH8 5SX3
£130K11/210.76 mi13, Roger Street, Consett, Durham DH8 5SX3
£315K06/230.8 mi14, Churchill Close, Consett, County Durham DH8 0EU3
£96K05/230.81 mi98, Fenwick Way, Consett, County Durham DH8 5FE3
£150K07/230.81 mi26, Laburnum Avenue, Consett, County Durham DH8 5TD3
£157.5K10/200.82 mi46, The Briary, Consett, County Durham DH8 0QZ3
£175K02/210.82 mi60, The Briary, Consett, County Durham DH8 0QZ3
£185K07/230.82 mi58, The Briary, Consett, County Durham DH8 0QZ3
£84K02/210.82 mi29, Laburnum Avenue, Consett, Durham DH8 5SZ3
£80K08/210.83 mi31, Dixon Street, Consett, Durham DH8 5UE3
£97.5K12/220.83 mi32, Dixon Street, Consett, County Durham DH8 5UE3
£138K03/230.85 mi43, Fenwick Way, Consett, County Durham DH8 5FD3
£265K04/230.86 mi17, Oley Meadows, Shotley Bridge, Consett, County Durham DH8 0JF3
£289.8K02/230.87 mi4, The Mount, Shotley Bridge, Consett, County Durham DH8 0DW3

Local Rents

50 rents from £370/mo to £1.1K/mo, average is £685/mo.

RentDateDistanceAddressBeds 
£69512/240.17 mi-3
£62512/240.36 mi-3
£49512/240.38 mi-1
£51010/240.38 mi-1
£79502/250.38 mi-3
£72502/250.47 mi-3
£47512/240.56 mi-2
£70012/240.7 mi-2
£70003/250.7 mi-2
£70012/240.7 miDerwent Mews, Blackhill, Consett, DH82
£95012/240.71 miWood Street, Shotley Bridge2
£71512/240.75 mi-3
£1,00012/240.83 miFenwick Way, Consett4
£1,15003/250.88 mi-4
£1,15003/250.88 mi-4
£67510/240.95 mi-2
£55012/241.05 miPriestman Avenue, The Grove, Consett, Durham, DH82
£75012/241.05 mi-2
£75003/251.05 mi-2
£65012/241.05 miArkless Grove, The Grove, Consett, Durham, DH8 8AB2
£95012/241.11 miSnows Green Cottage, Shotley Bridge2
£99512/241.11 mi-3
£75012/241.12 mi-3
£77003/251.12 mi-3
£60012/241.14 mi-2
£52503/251.15 mi-2
£50012/241.21 miBeverley Gardens, Consett, County Durham, DH82
£47512/241.24 mi-2
£52512/241.24 miDurham Road, Consett, Durham, DH81
£49512/241.24 miCleadon Street, Consett, Durham, DH81
£60012/241.26 miEmma Street, Consett, Durham, DH82
£55012/241.26 miConstance Street, Consett, County Durham, DH82
£60012/241.26 mi-2
£60012/241.27 miThe Green, Consett, County Durham, DH82
£65004/251.27 mi-2
£72503/251.28 mi-3
£37012/241.29 miChurch Street, Consett, DH81
£60012/241.3 mi-2
£72512/241.31 mi-3
£77502/251.31 mi-3
£99512/241.37 miConsett, County Durham, DH84
£60012/241.42 mi-2
£72012/241.46 mi-2
£52512/241.47 miSouthernwood, Consett2
£65011/241.49 mi-2
£62512/241.49 miRosemary Close, Consett2
£95012/241.52 mi-4
£47512/241.52 mi-2
£1,05004/251.52 mi-5
£90012/241.53 mi-2

Local Area Statistics

Population in DH8

38,324

Population in Consett

38,379

Town centre distance

1.13 miles away

Nearest school

0.30 miles away

Nearest train station

6.30 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+9%

Sales demand

Seller's market

Capital growth (5yrs)

+14%

Property History

Listed for £220,000

February 5, 2025

Floor Plans

Description

  • Detached House +
  • Three Bedrooms +
  • Detached Garage +
  • Off Street Parking +
  • Utility Space +
  • Wrap Around Gardens +
  • Generous Plot +
  • Stunning Views of Derwent Valley +

Jan Mitchell Properties are thrilled to introduce this detached three bedroom family home, set on a generous plot with breathtaking views over the Derwent Valley benefitting from a detached garage, utility space and wrap around garden.

The property briefly comprises:- Entrance hall, lounge with box window and feature fireplace which opens up to the dining room, kitchen with fitted wall and floor units and utility room to the rear. To the first floor, there are three good sized bedrooms, all of which with built in storage, and bathroom with separate WC.

Externally, the home boasts beautifully enclosed gardens on three sides, featuring mature shrubs and steps leading to the entrance. To the side, there is off-road parking and access to the detached garage.

Measurements
Lounge - 3.59 x 4.41
Dining Room - 2.60 x 3.27
Kitchen - 2.88 x 3.31
Utility - 2.27 x 2.45
Bedroom One - 3.64 x 3.76
Bedroom Two - 3.64 x 3.21
Bedroom Three - 2.45 x 2.81

IMPORTANT NOTE TO PURCHASERS
We endeavour to make our property details accurate, however, they do not constitute or form part of an offer or any contract and are not to relied upon as statements of representation or fact. Any services, systems and appliances listed in the details have not been tested by us and no guarantee is given to their operating ability or efficiency. All the measurements and floor plans have been taken as a guide to prospective purchasers and are not to be relied upon. Please be advised that some of the information may be awaiting vendor approval. If you require clarification of further information on any points please contact us direct.

MAKING AN OFFER Please note that all offers will require financial verification including mortgage agreement in principle, proof of deposit funds, proof of available cash and full chain details including selling agents and solicitors down the chain. Under New Money Laundering Regulations we require proof of identification from all buyers before acceptance letters are sent and solicitors can be instructed.

Tenure - We are not able to verify the tenure of the property as it is not always possible to see sight of the relevant documentation prior to marketing. Prospective purchasers must make further enquiries with their legal adviser

Council Tax Band: C (Durham County Council)
Tenure: Freehold

Agent Details

Jan Mitchell Properties, Covering North East

0191 625 1034

Next Steps?

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