3 Bed Terraced House, Planning Permission, Consett, DH8 7DS, £125,000

Lumley Drive, Consett, County Durham, DH8 7DS - 3 views - 2 months ago

Sold STC
Planning
ROI: 4%
~93 m²
+22 photos

ValuationUndervalued

Sold Prices£60K - £310K
Sold Prices/m²£597/m² - £2.5K/m²

 

 

Square Metres

~93 m²
Price/m²£1.3K/m²

Value Estimate

£132,527
BMV6%

Investment Opportunity

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£31,250

Stamp Duty & Legal Fees

£4,950

Total Cash In

£36,200

 

 

Cash Out

 

Rent Range

£600 - £2,850

Rent Estimate

£650

Running Costs/mo

£541

Cashflow/mo

£109

Cashflow/yr

£1,313

ROI

4%

Gross Yield

6%

Local Sold Prices

50 sold prices from £60K to £310K, average is £111.8K. £597/m² to £2.5K/m², average is £1.4K/m².

PriceDateDistanceAddressBeds 
£90.5K07/210 mi30, Lumley Drive, Consett, Durham DH8 7DS3
£95K02/230.03 mi133, Castledene Road, Consett, County Durham DH8 7DZ3
£69K10/210.14 mi39, Woody Close, Consett, County Durham DH8 7HN3
£72.5K12/200.15 mi117, Castledene Road, Consett, County Durham DH8 7HL3
£142.3K02/230.17 mi101, Greenways, Consett, County Durham DH8 7DH3
£178K02/230.17 mi162, Greenways, Consett, County Durham DH8 7DW3
£145K03/230.2 mi43, Chapel Drive, Delves Lane, Consett, County Durham DH8 7EW3
£158K11/200.2 mi17, Douai Drive, Consett, County Durham DH8 7DN3
£168K02/230.21 mi42, College View, Consett, County Durham DH8 7DP3
£65K03/210.23 mi7, Pontop View, Consett, County Durham DH8 7JB3
£80K12/200.26 mi57, Iveston Road, Consett, County Durham DH8 7HR3
£69K03/230.27 mi8, Shafto Close, Consett, County Durham DH8 7JD3
£95K10/210.27 mi71, Castledene Road, Consett, County Durham DH8 7HH3
£138K05/230.29 miSunnybrae, Delves Lane, Consett, County Durham DH8 7ER3
£95.5K03/210.32 mi24, Lea Side, Consett, County Durham DH8 7AD3
£125K08/230.32 mi30, Lea Side, Consett, County Durham DH8 7AD3
£119K04/230.32 mi56, Pixley Dell, Delves Lane, Consett, County Durham DH8 7DB3
£70K01/210.32 mi50, Old Hall Road, Consett, County Durham DH8 7HU3
£107K06/230.32 mi56, Old Hall Road, Consett, County Durham DH8 7HU3
£159K02/210.37 mi4, Bainbridge Close, Consett, Durham DH8 7EG3
£170K02/230.42 mi4, Horton Close, Consett, County Durham DH8 7EN3
£62K02/210.44 mi28, Fairfield, Consett, County Durham DH8 7HA3
£65K02/230.44 mi8, Fairfield, Consett, County Durham DH8 7HA3
£70K10/210.46 mi41, Berksyde, Consett, County Durham DH8 7LJ3
£127.1K03/210.47 mi20, Deepdale Drive, Consett, County Durham DH8 7EH3
£104K02/230.48 mi24, Gloucester Road, Consett, County Durham DH8 7LL3
£77K03/210.48 mi22, Gloucester Road, Consett, County Durham DH8 7LL3
£175K09/210.49 mi87, Redmire Drive, Consett, County Durham DH8 7EL3
£88.3K05/230.5 mi18, Third Street, Crookhall, Consett, County Durham DH8 7LT3
£180K01/210.5 mi17, Redmire Drive, Consett, Durham DH8 7EL3
£145K02/230.57 mi39, Askrigg Close, Consett, County Durham DH8 7EF3
£170K12/220.63 mi80, Holwick Close, Consett, County Durham DH8 7UJ3
£204K06/230.67 mi34, Grassholme Close, Consett, County Durham DH8 7UL3
£231K08/230.67 mi14, Grassholme Close, Consett, County Durham DH8 7UL3
£122.5K09/210.7 mi63, Langdon Close, Consett, Durham DH8 7NG3
£115.5K12/200.7 mi43, Langdon Close, Consett, Durham DH8 7NG3
£214.5K02/230.71 mi14, Middleton Close, Consett, County Durham DH8 7UQ3
£200K11/220.73 mi19, Middleton Close, Consett, County Durham DH8 7UQ3
£310K05/210.73 mi37, Hownsgill Drive, Consett, County Durham DH8 9ER3
£141K04/230.84 mi17, Meadow Rise, Consett, County Durham DH8 6NS3
£100K03/210.85 mi8, West Parade, Consett, County Durham DH8 5RR3
£65K05/230.86 mi25, Taylor Street, Consett, County Durham DH8 5RS3
£105K01/210.86 mi10, Taylor Street, Consett, Durham DH8 5RS3
£75.5K01/230.86 mi18, Taylor Street, Consett, County Durham DH8 5RS3
£60K12/200.91 mi15, Willow Crescent, Consett, County Durham DH8 7RQ3
£115K07/210.91 mi39, Willow Crescent, Consett, County Durham DH8 7RQ3
£80K03/210.93 mi96, Durham Road, Leadgate, Consett, County Durham DH8 7RB3
£112.5K06/210.93 mi38, Laurel Drive, Consett, County Durham DH8 7RG3
£111K12/200.93 mi157, Durham Road, Leadgate, Consett, Durham DH8 7QZ3
£97K12/200.94 mi21, Southernwood, Consett, Durham DH8 6GD3

Local Rents

19 rents from £600/mo to £2.9K/mo, average is £750/mo.

RentDateDistanceAddressBeds 
£69501/250.04 mi-3
£70012/240.2 miChapel Drive, Consett, DH83
£69512/240.31 mi-3
£2,85002/250.38 mi-3
£75012/240.38 mi-3
£79012/240.46 miDeepdale Drive, Consett, DH83
£79012/240.46 mi-3
£80001/250.47 mi-3
£79512/240.55 miAskrigg Close, Consett3
£90012/240.87 mi-3
£72512/240.89 miSpiro Court, Consett, Durham, DH83
£75012/240.95 miSteading Court, Consett3
£75012/240.99 miBluebell Close, Leadgate, Consett, DH83
£65004/241.03 mi-3
£65012/241.03 miDunelm Way, Consett, DH83
£65002/241.03 mi-3
£60012/241.08 mi-3
£72503/251.11 mi-3
£77502/251.11 mi-3

Local Area Statistics

Population in DH8

38,324

Population in Consett

38,379

Town centre distance

1.26 miles away

Nearest school

0.30 miles away

Nearest train station

8.26 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+9%

Sales demand

Seller's market

Capital growth (5yrs)

+14%

Property History

Listed for £125,000

February 18, 2025

Floor Plans

Description

  • Beautifully Presented Throughout +
  • Front & Rear Gardens +
  • Two Reception Rooms +
  • Three Bedrooms +
  • Modern Bathroom +
  • Recently Upgraded Kitchen +

A beautifully presented and recently modernised family home situated in a small cul-de-sac on the edge of this residential estate in Delves Lane.

With UPVC double glazing and gas central heating via combi boiler the house provides accommodation comprising: entrance porch, lounge, kitchen, dining room, utility room and a ground floor WC. To the first floor; landing, three bedrooms, modern bathroom and a storage cupboard. Externally the property has generous landscaped gardens to the front and rear. The house is situated towards the end of a terrace with pedestrian access only to the front and with non-allocated parking spaces located in the communal car park directly behind the property

EPC Rating E Council Tax Band A

Lumley Drive is situated within Delves Lane where there are local facilities and a primary school. It is approximately a mile-and-a-quarter from Consett town centre, which has a more comprehensive range of facilities, and there are major road links to Newcastle and Durham via the A692 & A691 (both city centres approximately 15 miles away).

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 – Terrace
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
Electricity supply – Mains
Water Supply - Mains
Sewerage – Mains
Heating - Gas
Estimated Mobile phone coverage – Please refer to the Ofcom Website -
Estimated Broadband Download speeds – please refer to the Ofcom Website –
Parking- Communal Car Park

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
Article 4 Planning Restricted area - No
Rights & Easements- None
Flood risk – River & Seas -No risk - Surface Water - High
Coastal Erosion - No
Planning Permission – None
Accessibility/Adaptations – None
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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