4 Bed Terraced House, Cash/Bridging Only, Consett, DH8 0ET, £275,000
Summerdale, Shotley Bridge, Consett, DH8 0ET - 2 views - 2 months ago
Sold STC
Cash
~129 m²





+23 photos
ValuationFair Value
Sold Prices | £157.5K - £505K |
Sold Prices/m² | £1.3K/m² - £3.9K/m² |
| |
Square Metres | ~129.26 m² |
Price/m² | £2.1K/m² |
Value Estimate | £277,750 |
| |
End Value (After Refurb) | £235,000 |
Investment Opportunity
Cash In | |
Purchase Finance | Bridging Loan |
Deposit (25%) | £68,750 |
Stamp Duty & Legal Fees | £16,200 |
Refurb Costs | £49,610 |
Bridging Loan Interest | £7,219 |
Total Cash In | £143,528 |
| |
Cash Out | |
Monetisation | FlipRefinance & Rent |
Revaluation | £235,000 |
Mortgage (After Refinance) | £176,250 |
Mortgage LTV | 75% |
Cash Left In | £143,528 |
Equity | £58,750 |
Rent Range | £370 - £1,150 |
Rent Estimate | £705 |
Running Costs/mo | £895 |
Cashflow/mo | £-190 |
Cashflow/yr | £-2,284 |
Gross Yield | 3% |
Local Sold Prices
28 sold prices from £157.5K to £505K, average is £280K. £1.3K/m² to £3.9K/m², average is £2.3K/m².
Local Rents
50 rents from £370/mo to £1.1K/mo, average is £698/mo.
Local Area Statistics
Population in DH8 | 38,324 |
Population in Consett | 38,379 |
Town centre distance | 1.35 miles away |
Nearest school | 0.10 miles away |
Nearest train station | 5.77 miles away |
| |
Rental demand | Balanced market |
Rental growth (12m) | +9% |
Sales demand | Seller's market |
Capital growth (5yrs) | +14% |
Property History
Listed for £275,000
February 28, 2025
Floor Plans

Description
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