3 Bed Terraced House, Cash/Bridging Only, Consett, DH8 0QL, £250,000

Spring Close, Ebchester, Consett, DH8 0QL - 2 months ago

Cash
~93 m²
+19 photos

ValuationOvervalued

Sold Prices£67.5K - £405K
Sold Prices/m²£776/m² - £3.1K/m²

 

 

Square Metres

~93 m²
Price/m²£2.7K/m²

Value Estimate

£160,672

 

 

End Value (After Refurb)

£255,000

Uplift in Value

+-7%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£62,500

Stamp Duty & Legal Fees

£10,700

Refurb Costs

£35,694

Bridging Loan Interest

£6,563

Total Cash In

£117,206

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£255,000

Mortgage (After Refinance)

£191,250

Mortgage LTV

75%

Cash Released

£3,750

Cash Left In

£113,456

Equity

£63,750

Rent Range

£475 - £2,000

Rent Estimate

£699

Running Costs/mo

£957

Cashflow/mo

£-258

Cashflow/yr

£-3,092

Gross Yield

3%

Local Sold Prices

24 sold prices from £67.5K to £405K, average is £174.5K. £776/m² to £3.1K/m², average is £1.7K/m².

PriceDateDistanceAddressBeds 
£260K09/210.01 mi10, Spring Close, Consett, Durham DH8 0QL3
£245K12/200.01 mi2, Spring Close, Consett, County Durham DH8 0QL3
£385K06/210.01 mi22, Spring Close, Consett, Durham DH8 0QL3
£271.5K04/230.01 mi10, Spring Close, Consett, County Durham DH8 0QL3
£107.5K05/230.09 mi23, Hadrians Way, Consett, County Durham DH8 0PE3
£155K12/220.09 mi2, Hadrians Way, Consett, County Durham DH8 0PE3
£99K06/210.1 mi25, The Chesters, Consett, County Durham DH8 0PB3
£97K03/210.14 mi5, Fossway, Consett, County Durham DH8 0PD3
£97K03/210.16 mi5, Fossway, Consett, County Durham DH8 0PD3
£255K10/200.18 mi24, Chesters Dene, Ebchester, Consett, Durham DH8 0QP3
£133.3K05/230.19 mi28, Cohort Close, Consett, County Durham DH8 0PG3
£112.5K03/210.19 mi3, Cohort Close, Consett, Durham DH8 0PG3
£245K07/230.31 mi4, Church Close, Ebchester, Consett, County Durham DH8 0QN3
£300K01/210.36 mi53, East Law, Consett, County Durham DH8 0QH3
£194K10/200.38 mi11, East Law, Consett, Durham DH8 0QJ3
£140K03/210.39 mi19, Dixon Avenue, Consett, Durham DH8 0PZ3
£130K10/200.43 mi11, Garden Crescent, Consett, County Durham DH8 0PT3
£285K03/230.53 miWhite House, East Law, Ebchester, Consett, County Durham DH8 0TF3
£67.5K11/200.66 mi2, Denesyde, Consett, Durham DH8 6PX3
£145K05/230.67 mi7, Denecrest, Consett, County Durham DH8 6PY3
£210K09/220.94 mi4, Broadoak Mews, Low Westwood, Newcastle Upon Tyne, County Durham NE17 7PF3
£110K02/210.94 mi12, Fairview Drive, Consett, Durham DH8 6QX3
£405K07/210.95 mi1, Lonsdale Court, High Westwood, Newcastle Upon Tyne, Durham NE17 7RG3
£405K07/210.95 mi1, Lonsdale Court, High Westwood, Newcastle Upon Tyne, Durham NE17 7RG3

Local Rents

50 rents from £475/mo to £2K/mo, average is £650/mo.

RentDateDistanceAddressBeds 
£60012/240.38 mi-2
£99512/240.96 miConsett, County Durham, DH84
£95012/241.08 miSnows Green Cottage, Shotley Bridge2
£50005/241.26 miDerwent Valley Villas, Low Westwood, Newcastle upon Tyne, NE171
£75012/241.41 mi-2
£75003/251.41 mi-2
£95012/241.45 miWood Street, Shotley Bridge2
£85004/251.47 mi-3
£52512/241.91 miDurham Road, Consett, Durham, DH81
£60012/241.91 miEmma Street, Consett, Durham, DH82
£47512/241.96 mi-2
£79502/251.96 mi-3
£49512/241.97 mi-1
£51010/241.97 mi-1
£72502/251.98 mi-3
£70012/242.03 miDerwent Mews, Blackhill, Consett, DH82
£70012/242.03 mi-2
£70003/252.03 mi-2
£57505/242.06 miDalton Terrace, Chopwell, Newcastle upon Tyne, Tyne & Wear, NE17 7EF2
£69512/242.06 mi-3
£65005/242.09 miFrederick Street, Chopwell, Newcastle upon Tyne, NE173
£72512/242.12 mi-3
£65012/242.13 mi-2
£62512/242.15 mi-3
£47505/242.15 mi-2
£55005/242.17 miJoseph Terrace, Chopwell, Newcastle, NE173
£71512/242.18 mi-3
£50012/242.24 miBeverley Gardens, Consett, County Durham, DH82
£72512/242.27 mi-2
£49512/242.31 miCleadon Street, Consett, Durham, DH81
£1,10012/242.31 mi-4
£70012/242.34 mi-3
£52503/252.35 mi-2
£62505/242.35 miMersey Street, Chopwell, Newcastle upon Tyne, Newcastle upon Tyne, NE17 7DF2
£58005/242.38 mi-2
£1,00012/242.38 miFenwick Way, Consett4
£60012/242.39 mi-2
£75012/242.39 miSteading Court, Consett3
£2,00012/242.39 mi-8
£77502/252.39 mi-3
£57507/242.4 mi-2
£99511/242.4 mi-1
£55004/252.4 mi-2
£50003/252.4 mi-2
£52509/242.4 mi-2
£65009/242.4 mi-2
£55005/242.4 miTees Street, Chopwell, Newcastle upon Tyne, Tyne and Wear, NE17 7BT2
£59003/252.41 mi-2
£68012/242.42 mi-2
£69502/252.42 mi-2

Local Area Statistics

Population in DH8

38,324

Population in Consett

38,379

Town centre distance

2.38 miles away

Nearest school

0.30 miles away

Nearest train station

5 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+9%

Sales demand

Seller's market

Capital growth (5yrs)

+14%

Property History

Price changed to £250,000

March 24, 2025

Listed for £275,000

February 27, 2025

Floor Plans

Description

  • Charming Stone Terrace +
  • Three Double Bedrooms +
  • Two Reception Rooms +
  • Four Piece Bathroom Suite +
  • Gardens Front & Rear +
  • Off Street Parking +
  • Popular Cul de Sac +
  • No Onward Chain +

Jan Mitchell Properties welcome this charming stone built property located in a popular and sought-after estate in Ebchester, offering an idyllic semi-rural retreat with stunning countryside views. Available with no onward chain, this property is perfect for those looking for a peaceful lifestyle.

Built in 1980, this charming property briefly comprises:- Entrance hall, dual aspect lounge with feature working fireplace and patio doors to the rear, dining room, and integrated kitchen with fitted wall and floor units. To the first floor, there are three good sized bedrooms, the main with built in wardrobes, and a four piece family bathroom. Additional benefits include UPVC double glazing, gas central heating, a CCTV system, and a drop-down ladder providing access to the boarded loft space.

Externally, there is are well maintained gardens to the front & rear. The front with a beautiful lawn and driveway providing off street parking. To the rear, there is a tiered garden with patio to the bottom and planting including established japanese maples, lawned and a sun terrace further up including a great pergola, greenhouse and large shed.

Location
The property's rural location is highly desirable offering convenient access to village life in both Ebchester and Shotley Bridge, offering a host of amenities including local shops, schools and places to eat and socialise, with more amenities available in the nearby market towns of Consett & Hexham including hospitals, leisure centres, cinema and banking facilities. It's location is great for outdoor enthusiasts, as you have the Derwent Walk a short walk away which offers fantastic & safe countryside trails, riverside walks and breath-taking views. There are also cycle ways nearby, including the famous Coast-to-Coast cycle route. For commuters, the location is ideal for access to Newcastle, Durham by car, bus or rail, with easy access to the A1M providing excellent road links and train stations located in Stocksfield, Newcastle and Durham. The county of Northumberland and its stunning coastline is also only a short distance away meaning the property offers the best of both worlds, the perfect base for exploring the beauty of the area as well as excellent links to the major centres of the region.

Measurements
Lounge - 3.64 x 6.70
Dining Room - 3.48 x 2.98
Kitchen - 2.57 x 3.58
Bedroom One - 4.79 x 3.08 (in to wardrobe)
Bedroom Two - 3.67 x 3.52
Bedroom Three - 3.51 x 3.08

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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