2 Bed Terraced House, Single Let, Consett, DH8 6BD, £60,000

Grosvenor Terrace, Consett, Durham, DH8 6BD - 1 views - a month ago

Sold STC
Auction
BTL
ROI: 13%
~68 m²
+6 photos

ValuationUndervalued

Sold Prices£39K - £174.6K
Sold Prices/m²£643/m² - £2.2K/m²

 

 

Square Metres

~68.11 m²
Price/m²£881/m²

Value Estimate

£73,219
BMV22%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£15,000

Stamp Duty & Legal Fees

£3,000

Total Cash In

£18,000

 

 

Cash Out

 

Rent Range

£475 - £900

Rent Estimate

£500

Running Costs/mo

£308

Cashflow/mo

£193

Cashflow/yr

£2,310

ROI

13%

Gross Yield

10%

Local Sold Prices

50 sold prices from £39K to £174.6K, average is £84.5K. £643/m² to £2.2K/m², average is £1.1K/m².

PriceDateDistanceAddressBeds 
£82.5K06/210.06 mi6, Ash Grove, Consett, Durham DH8 6EB2
£70K01/210.08 mi87, Sherburn Terrace, Consett, Durham DH8 6NE2
£88K01/210.08 mi7, Northfield View, Consett, Durham DH8 6AW2
£75K10/200.14 mi6, Gladstone Gardens, Consett, County Durham DH8 6AR2
£75K07/230.14 mi1, Gladstone Gardens, Consett, County Durham DH8 6AR2
£99K07/230.14 mi14, Park Avenue, Consett, County Durham DH8 6AS2
£71K02/210.14 mi4, Tyne Street, Consett, County Durham DH8 6NN2
£39K04/230.18 mi4, Cobden Street, Consett, County Durham DH8 6AH2
£174.6K03/230.27 mi10, Villa Real Estate, Consett, County Durham DH8 6BJ2
£132K08/210.29 mi45, Medomsley Road, Consett, County Durham DH8 5HG2
£85K03/230.29 mi14, Windsor Gardens, Consett, County Durham DH8 7JW2
£80K06/210.3 mi13, Windsor Gardens, Consett, Durham DH8 7JW2
£68K10/210.34 mi9, West Parade, Consett, County Durham DH8 5RR2
£95K04/210.35 mi7, First Street, Crookhall, Consett, Durham DH8 7LX2
£95K01/230.36 mi28, West Parade, Consett, County Durham DH8 5RR2
£65K04/230.36 mi116, Medomsley Road, Consett, County Durham DH8 5HS2
£68K04/210.37 mi18, Forster Street, Consett, Durham DH8 7JU2
£94K09/210.38 mi9, Forster Street, Consett, County Durham DH8 7JU2
£87K12/220.38 mi6, Forster Street, Consett, County Durham DH8 7JU2
£80K07/210.39 mi32, Taylor Street, Consett, Durham DH8 5RS2
£81.5K11/200.4 mi12, Walton Terrace, Villa Real, Consett, Durham DH8 6BW2
£47.5K11/200.42 mi37, Gill Street, Consett, Durham DH8 7JT2
£88K09/210.43 mi61, Gill Street, Consett, Durham DH8 7JT2
£75K04/230.43 mi50, Gill Street, Consett, County Durham DH8 7JT2
£87.5K03/230.43 mi9, Barr Hills, Consett, County Durham DH8 5NB2
£68K03/230.43 mi8, Allison Street, Consett, County Durham DH8 5JD2
£150K10/200.44 mi16, Villa Real Bungalows, Consett, Durham DH8 6BQ2
£76K04/210.44 mi1, Kelvin Gardens, Consett, County Durham DH8 5RU2
£105K03/230.45 mi263, Medomsley Road, Consett, County Durham DH8 5JR2
£106K04/230.45 mi269, Medomsley Road, Consett, County Durham DH8 5JR2
£62.5K04/210.46 mi9, Balfour Gardens, Consett, Durham DH8 5JL2
£50K01/210.47 mi6, Unsworth Gardens, Consett, County Durham DH8 5RX2
£84K06/230.48 mi5, Bertha Street, Consett, County Durham DH8 5DZ2
£110K12/220.48 mi18, Temple Forge Mews, Consett, County Durham DH8 5RZ2
£88K01/230.49 mi38, Edith Street, Consett, County Durham DH8 5DN2
£80K05/230.49 mi34, Aynsley Terrace, Consett, County Durham DH8 5NQ2
£87.5K11/210.49 mi54, Edith Street, Consett, Durham DH8 5DN2
£75K07/210.49 mi37, Edith Street, Consett, County Durham DH8 5DN2
£66K02/210.5 mi2, Alexandra Street, Consett, Durham DH8 5DR2
£49K12/200.5 mi20, Alexandra Street, Consett, Durham DH8 5DR2
£88K11/200.51 mi35, Constance Street, Consett, Durham DH8 5DU2
£107.5K11/200.52 mi284, Medomsley Road, Consett, County Durham DH8 5JP2
£45K04/210.53 mi4, Steel Street, Consett, Durham DH8 5EF2
£86K10/200.53 mi3, Steel Street, Consett, Durham DH8 5EF2
£120K05/230.59 mi49, Berry Edge Road, Consett, County Durham DH8 5DS2
£72.5K09/210.59 mi58, Berry Edge Road, Consett, Durham DH8 5DS2
£105K04/230.59 mi39, Berry Edge Road, Consett, County Durham DH8 5DS2
£115K05/210.61 mi52, Stuart Court, Consett, Durham DH8 5GA2
£88K10/210.61 mi5, Dale Court, Consett, Durham DH8 5DJ2
£90K07/210.62 mi9, Emma Street, Consett, Durham DH8 5NP2

Local Rents

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

RentDateDistanceAddressBeds 
£55012/240.1 miGladstone Gardens, Consett, Durham, DH82
£47512/240.13 mi-2
£62512/240.19 miRosemary Close, Consett2
£52512/240.22 miSouthernwood, Consett2
£60012/240.23 mi-2
£90012/240.25 mi-2
£74503/250.3 mi-2
£55012/240.31 mi-2
£60012/240.34 mi-2
£50012/240.43 miBeverley Gardens, Consett, County Durham, DH82
£60012/240.47 mi-2
£52503/250.5 mi-2
£72012/240.52 mi-2
£55012/240.54 miConstance Street, Consett, County Durham, DH82
£47512/240.55 mi-2
£60012/240.56 mi-2
£60012/240.57 mi-2
£60012/240.59 miEmma Street, Consett, Durham, DH82
£60012/240.6 miThe Green, Consett, County Durham, DH82

Local Area Statistics

Population in DH8

38,324

Population in Consett

38,379

Town centre distance

0.53 miles away

Nearest school

0.20 miles away

Nearest train station

7.37 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 25, 2025

Floor Plans

Description

  • Two bedroom mid terrace property +
  • Lounge and dining room +
  • Gas Central Heating & Double Glazed +
  • Enclosed rear yard +
  • Freehold and council tax band A +
  • No onward chain +

To Be Sold Via Online Auction. FEES APPLY

Fantastic opportunity to purchase this spacious two bedroom mid terrace property located in Consett. This property could be converted into three bedrooms with some of the work already done, there is also two reception rooms and a first floor bathroom. The property does require refurbishment. Located within walking distance of Consett Town centre with its bars, restaurants, shops, schools and bus station. The floor plan comprises Entrance porch, hallway, lounge, dining room and kitchen. To the first floor, two bedrooms with door into a further room ( This could be converted into a third bedroom ). bathroom. Further benefits include gas central heating, double glazing, front town garden and a rear yard.

Council Tax Band: A
Tenure: Freehold

Agent Details

Pattinson Estate Agents, Consett

01207 265931

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪