2 Bed Terraced House, Single Let, Consett, DH8 5EB, £110,000

Park Road, Consett, County Durham, DH8 5EB - 3 months ago

BTL
ROI: 1%
~68 m²
+7 photos

ValuationOvervalued

Sold Prices£39K - £132K
Sold Prices/m²£643/m² - £2.3K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.6K/m²

Value Estimate

£79,991

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£27,500

Stamp Duty & Legal Fees

£6,700

Total Cash In

£34,200

 

 

Cash Out

 

Rent Range

£475 - £900

Rent Estimate

£475

Running Costs/mo

£459

Cashflow/mo

£16

Cashflow/yr

£195

ROI

1%

Gross Yield

5%

Local Sold Prices

50 sold prices from £39K to £132K, average is £87.5K. £643/m² to £2.3K/m², average is £1.2K/m².

PriceDateDistanceAddressBeds 
£45K04/210.06 mi4, Steel Street, Consett, Durham DH8 5EF2
£86K10/200.06 mi3, Steel Street, Consett, Durham DH8 5EF2
£84K06/230.1 mi5, Bertha Street, Consett, County Durham DH8 5DZ2
£87.5K03/230.18 mi9, Barr Hills, Consett, County Durham DH8 5NB2
£65K04/230.19 mi116, Medomsley Road, Consett, County Durham DH8 5HS2
£126K05/230.2 mi3, Georgia Court, Consett, County Durham DH8 5XN2
£115K05/210.21 mi52, Stuart Court, Consett, Durham DH8 5GA2
£80K05/230.21 mi34, Aynsley Terrace, Consett, County Durham DH8 5NQ2
£88K11/200.23 mi35, Constance Street, Consett, Durham DH8 5DU2
£87.5K11/210.24 mi54, Edith Street, Consett, Durham DH8 5DN2
£75K07/210.24 mi37, Edith Street, Consett, County Durham DH8 5DN2
£88K01/230.24 mi38, Edith Street, Consett, County Durham DH8 5DN2
£105K08/210.25 mi66, Romany Drive, Consett, Durham DH8 5XL2
£68K03/230.28 mi8, Allison Street, Consett, County Durham DH8 5JD2
£132K08/210.28 mi45, Medomsley Road, Consett, County Durham DH8 5HG2
£88K10/210.29 mi5, Dale Court, Consett, Durham DH8 5DJ2
£120K05/230.3 mi49, Berry Edge Road, Consett, County Durham DH8 5DS2
£72.5K09/210.3 mi58, Berry Edge Road, Consett, Durham DH8 5DS2
£105K04/230.3 mi39, Berry Edge Road, Consett, County Durham DH8 5DS2
£66K02/210.31 mi2, Alexandra Street, Consett, Durham DH8 5DR2
£49K12/200.31 mi20, Alexandra Street, Consett, Durham DH8 5DR2
£62.5K04/210.33 mi9, Balfour Gardens, Consett, Durham DH8 5JL2
£59K11/200.34 mi6, Park Street, Consett, Durham DH8 5UA2
£88K10/210.36 mi6, Dixon Street, Consett, Durham DH8 5UE2
£48.5K04/210.36 mi8, Dixon Street, Consett, Durham DH8 5UE2
£101K06/230.36 mi12, St Aidans Street, Consett, County Durham DH8 5ST2
£75K09/210.36 mi12, St Aidans Street, Consett, Durham DH8 5ST2
£90K01/210.37 mi1, St Aidans Place, Consett, County Durham DH8 5SU2
£105K03/230.38 mi263, Medomsley Road, Consett, County Durham DH8 5JR2
£106K04/230.38 mi269, Medomsley Road, Consett, County Durham DH8 5JR2
£39K04/230.39 mi4, Cobden Street, Consett, County Durham DH8 6AH2
£99K07/230.41 mi14, Park Avenue, Consett, County Durham DH8 6AS2
£75K10/200.42 mi6, Gladstone Gardens, Consett, County Durham DH8 6AR2
£75K07/230.42 mi1, Gladstone Gardens, Consett, County Durham DH8 6AR2
£118K07/210.43 mi5, Moor View, Consett, Durham DH8 5TG2
£107.5K11/200.44 mi284, Medomsley Road, Consett, County Durham DH8 5JP2
£76K04/210.46 mi1, Kelvin Gardens, Consett, County Durham DH8 5RU2
£50K01/210.46 mi6, Unsworth Gardens, Consett, County Durham DH8 5RX2
£80K07/210.47 mi32, Taylor Street, Consett, Durham DH8 5RS2
£68K10/210.47 mi9, West Parade, Consett, County Durham DH8 5RR2
£96K04/230.47 mi43, Derwent Mews, Blackhill, Consett, County Durham DH8 8TU2
£110K05/230.47 mi40, Derwent Mews, Blackhill, Consett, County Durham DH8 8TU2
£132K12/220.47 mi32, Derwent Mews, Blackhill, Consett, County Durham DH8 8TU2
£88K01/210.47 mi7, Northfield View, Consett, Durham DH8 6AW2
£95K01/230.48 mi28, West Parade, Consett, County Durham DH8 5RR2
£71K02/210.48 mi4, Tyne Street, Consett, County Durham DH8 6NN2
£110K12/220.49 mi18, Temple Forge Mews, Consett, County Durham DH8 5RZ2
£70K01/210.49 mi87, Sherburn Terrace, Consett, Durham DH8 6NE2
£71.5K12/220.51 mi4, Emma Street, Consett, County Durham DH8 5NP2
£90K07/210.51 mi9, Emma Street, Consett, Durham DH8 5NP2

Local Rents

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

RentDateDistanceAddressBeds 
£52503/250.06 mi-2
£50012/240.17 miBeverley Gardens, Consett, County Durham, DH82
£60012/240.21 mi-2
£60012/240.23 mi-2
£65004/250.24 mi-2
£47512/240.28 mi-2
£55012/240.29 miConstance Street, Consett, County Durham, DH82
£67510/240.32 mi-2
£60012/240.32 mi-2
£60012/240.32 mi-2
£60012/240.35 miThe Green, Consett, County Durham, DH82
£52512/240.38 miSouthernwood, Consett2
£62512/240.4 miRosemary Close, Consett2
£47512/240.43 mi-2
£90012/240.44 mi-2
£70012/240.44 miDerwent Mews, Blackhill, Consett, DH82
£70012/240.44 mi-2
£70003/250.44 mi-2
£55012/240.45 miGladstone Gardens, Consett, Durham, DH82
£72012/240.49 mi-2
£60012/240.49 miEmma Street, Consett, Durham, DH82
£74504/250.56 mi-2
£55012/240.58 mi-2
£47512/240.61 mi-2

Local Area Statistics

Population in DH8

38,324

Population in Consett

38,379

Town centre distance

0.07 miles away

Nearest school

0.20 miles away

Nearest train station

7.05 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+9%

Sales demand

Seller's market

Capital growth (5yrs)

+14%

Property History

Listed for £110,000

February 11, 2025

Floor Plans

Description

  • NO ONWARD CHAIN +
  • Fully Renovated +
  • Neutral Décor Throughout +
  • Council Tax Band A +
  • Spacious Rooms +
  • Modern Kitchen +
  • Perfect for first time buyers +
  • Turnkey investment opportunity +

*NO ONWARD CHAIN*

Situated on the ever-popular Park Road in Consett, this beautifully renovated two-bedroom terraced house is the perfect choice for first-time buyers or investors looking for a hassle-free, turnkey property.

Recently refurbished throughout, this home boasts a fresh, modern feel with neutral décor, allowing you to move straight in and add your own personal touch. The stylish interior is complemented by bright and airy living spaces, making it an inviting and comfortable place to call home.

The property benefits from a fantastic location, right in the heart of Consett town centre, with an excellent range of shops, cafes, and local amenities just a short walk away. Whether you're commuting or enjoying everything the town has to offer, this home provides both convenience and charm.

Offered on a freehold basis, this is a fantastic opportunity to secure a beautifully presented home in a sought-after location. Don't miss out—book your viewing today!

Council Tax: A
EPC rating: D

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.

COS250009/2

Agent Details

Reeds Rains, Consett

01207 265948

Next Steps?

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