4 Bed Semi-Detached House, Planning Permission, Consett, DH8 8QZ, £190,000

Gillside View, Bridgehill, Consett, DH8 8QZ - 2 views - 3 months ago

Planning
~129 m²
+17 photos

ValuationFair Value

Sold Prices£162.5K - £505K
Sold Prices/m²£1.3K/m² - £3.9K/m²

 

 

Square Metres

~129.26 m²
Price/m²£1.5K/m²

Value Estimate

£191,900

 

 

End Value (After Refurb)

£188,009

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£47,500

Stamp Duty & Legal Fees

£6,900

Refurb Costs

£49,610

Bridging Loan Interest

£4,988

Total Cash In

£110,747

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£188,009

Mortgage (After Refinance)

£141,007

Mortgage LTV

75%

Cash Left In

£110,747

Equity

£47,002

Rent Range

£525 - £1,150

Rent Estimate

£810

Running Costs/mo

£770

Cashflow/mo

£40

Cashflow/yr

£486

ROI

0%

Gross Yield

5%

Local Sold Prices

31 sold prices from £162.5K to £505K, average is £240K. £1.3K/m² to £3.9K/m², average is £2K/m².

PriceDateDistanceAddressBeds 
£162.5K11/200.13 mi25, Priory Close, Consett, Durham DH8 0SA4
£220K12/220.15 mi19, Priory Close, Consett, County Durham DH8 0SA4
£300K08/210.15 mi11, Benfieldside Road, Consett, County Durham DH8 0SF4
£210K06/210.24 mi56, Barley Mill Road, Consett, County Durham DH8 8JR4
£197.9K03/210.25 mi18, Alston Terrace, Consett, Durham DH8 8JT4
£415K06/230.26 mi47, Barley Mill Road, Consett, County Durham DH8 8JS4
£240K11/210.29 mi140, Benfieldside Road, Consett, Durham DH8 0RP4
£300K03/210.44 mi8, Briarside, Blackhill, Consett, Durham DH8 0AS4
£225K12/200.51 mi17, Queens Road, Consett, Durham DH8 0BJ4
£210K02/210.64 mi22, Laburnum Avenue, Consett, Durham DH8 5TD4
£380K01/230.66 mi80, Queens Road, Consett, County Durham DH8 0BW4
£265K01/230.69 mi19, Muirfield Close, Consett, County Durham DH8 5XE4
£217K12/200.7 mi7, Muirfield Close, Consett, Durham DH8 5XE4
£175K11/210.73 mi58, Fenwick Way, Consett, Durham DH8 5FE4
£178K12/200.73 mi70, Fenwick Way, Consett, Durham DH8 5FE4
£505K11/200.77 miBlackfyne House, 162, Durham Road, Blackhill, Consett, Durham DH8 5TN4
£300K12/200.77 mi32, Goodwood Close, Shotley Bridge, Consett, Durham DH8 0UF4
£330K01/210.77 mi1, Goodwood Close, Shotley Bridge, Consett, Durham DH8 0UF4
£361.5K06/210.77 mi24, Goodwood Close, Shotley Bridge, Consett, Durham DH8 0UF4
£450K02/230.77 mi32, Goodwood Close, Shotley Bridge, Consett, County Durham DH8 0UF4
£195K12/200.77 mi11, Fenwick Way, Consett, Durham DH8 5FD4
£220.5K04/210.77 mi48, Fenwick Way, Consett, County Durham DH8 5FD4
£195K04/230.77 mi31, Fenwick Way, Consett, County Durham DH8 5FD4
£183K12/220.78 mi124, Fenwick Way, Consett, County Durham DH8 5FE4
£295K12/200.8 mi11, Wetherby Close, Consett, Durham DH8 0UE4
£320K02/230.81 mi14, Turnberry Close, Consett, County Durham DH8 5XG4
£310K12/200.86 mi5, Kempton Close, Consett, Durham DH8 0UB4
£215K12/200.89 mi4, Salisbury Close, Consett, County Durham DH8 0NR4
£247.5K08/210.91 mi84, Abbotts Way, Consett, County Durham DH8 5XU4
£258K12/200.97 mi2, Sherwood Close, Consett, County Durham DH8 0TX4
£171K09/210.97 mi6, Queens Gate, Consett, Durham DH8 5FB4

Local Rents

15 rents from £525/mo to £1.1K/mo, average is £750/mo.

RentDateDistanceAddressBeds 
£69512/240.1 mi-3
£79501/250.2 mi-3
£62512/240.28 mi-3
£72501/250.29 mi-3
£71512/240.63 mi-3
£1,00012/240.75 miFenwick Way, Consett4
£1,15003/250.83 mi-4
£1,15003/250.83 mi-4
£75012/241.06 mi-3
£77003/251.06 mi-3
£99512/241.11 mi-3
£72512/241.14 mi-3
£72503/251.16 mi-3
£77502/251.18 mi-3
£52504/251.18 mi-3

Local Area Statistics

Population in DH8

38,324

Population in Consett

38,379

Town centre distance

1.01 miles away

Nearest school

0.20 miles away

Nearest train station

6.27 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+9%

Sales demand

Seller's market

Capital growth (5yrs)

+14%

Property History

Listed for £190,000

February 14, 2025

Floor Plans

Description

  • Extended Semi-Detached +
  • Family Home +
  • Generous Rear Garden +
  • Off Street Parking +
  • Four Bedrooms & Two Bathrooms +
  • Open Plan Kitchen/Diner +

This extended semi-detached family home offers spacious, well-planned accommodation, a generous rear garden, and off-street parking.

With a double-story extension to the side, this semi-detached home provides well-planned, modern, and neutrally decorated accommodation suitable for the family purchaser. Accessed to the front into a lobby the property briefly comprises a hallway with generous storage cupboard, a ?ft Lounge, a separate dining room with fitted table/breakfast bar, double doors to the rear gardens, and an open plan to the contemporary kitchen with built-in cooking appliances, there is also a downstairs W/C and a separate utility room. On the first floor, there are three double bedrooms, a fourth single bedroom, a bathroom with a shower over the bath, a separate W/C, and an additional bathroom with a separate shower. To the front is a low-maintenance garden and off-street parking. There is side access to a generous rear garden which is mainly laid to lawn, and has a paved patio and lovely outlook over a wooded area. In addition, the property is gas centrally heated via a combination boiler and double-glazed.

Gillside View is less than a mile from Blackhill and Shotley Bridge which have a good range of local shops and facilities and a regular bus service. Consett town centre is approximately two miles away and there are road links to Northumberland and the regional centres of Durham and Tyneside, making this an excellent location for commuting.

MATERIAL INFORMATION:

In compliance with the Consumer Protection from Unfair Trading Regulations 2008 and National Trading Standards Estate and Letting Agency Team’s Material information in property listings Guidance

PART A
Local Authority – Durham County Council
Council Tax Band – A
Tenure – Freehold

PART B
Property Type – Semi-Detached
Property Construction – Standard
Number & Types of Rooms – Please refer to the details and floorplan, all measurements taken being the maximum dimensions available between internal walls
Gas Supply - Mains
Electricity Supply – Mains
Water Supply – Mains ( not / metered)
Sewerage – Mains
Heating – Gas fired central heating via radiators
Estimated Mobile phone coverage – Please refer to the Ofcom Website -
Estimated Broadband Download speeds – please refer to the Ofcom Website –
Parking- Driveway

PART C
Building Safety – (The Vendor is not aware of any Building Safety issues. However, we would recommend that the purchaser engages the services of a chartered surveyor to confirm)
Restrictions – Covenants which affect the property are contained within the Land Registry Title Register which is available for inspection.
Selective licencing area – no
Rights & Easements- None
Flood risk: Rivers and seas = No Risk / Surface water = Very Low.
Coastal Erosion – N/A
Protected Trees - NA
Planning Permission:
BC/21/03671/FP | (15/09/2021)
CP/16/13147/GASAFE | (19/04/2016)
CP/17/02021/GASAFE | (19/04/2016)
1/FN/2008/2581/ | (10/11/2008)
Accessibility/Adaptations – The property has not been altered for accessibility
Mining Area – Coal Mining Reporting Area, further searches may be required.

No other Material Information disclosures have been made by the vendor. This information has been compiled in good faith using resources readily available online and by enquiry of the vendor prior to marketing. However, such information could change after compilation of the data, so J W Wood cannot be held liable for any changes post compilation or any accidental errors or omissions.

Furthermore, J W Wood are not legally qualified and conveyancing documents are often complicated, necessitating judgement on our part about which parts are “Material Information” to be disclosed. If any information provided, or other matter relating to the property, is of particular importance to you, please do seek verification from a legal advisor before committing to expenditure.

Agent Details

J W Wood, Consett

01207 265924

Next Steps?

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