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.

PriceDateDistanceAddressBeds 
£295K12/200.15 mi11, Wetherby Close, Consett, Durham DH8 0UE4
£310K12/200.2 mi5, Kempton Close, Consett, Durham DH8 0UB4
£300K12/200.25 mi32, Goodwood Close, Shotley Bridge, Consett, Durham DH8 0UF4
£330K01/210.25 mi1, Goodwood Close, Shotley Bridge, Consett, Durham DH8 0UF4
£361.5K06/210.25 mi24, Goodwood Close, Shotley Bridge, Consett, Durham DH8 0UF4
£450K02/230.25 mi32, Goodwood Close, Shotley Bridge, Consett, County Durham DH8 0UF4
£215K12/200.3 mi4, Salisbury Close, Consett, County Durham DH8 0NR4
£258K12/200.39 mi2, Sherwood Close, Consett, County Durham DH8 0TX4
£240K11/210.42 mi140, Benfieldside Road, Consett, Durham DH8 0RP4
£157.5K11/210.46 mi28, Elm Park Terrace, Consett, Durham DH8 0NA4
£255K05/210.47 mi31, The Elms, Shotley Bridge, Consett, Durham DH8 0UA4
£220K04/210.47 mi19, The Elms, Shotley Bridge, Consett, County Durham DH8 0UA4
£380K01/230.5 mi80, Queens Road, Consett, County Durham DH8 0BW4
£300K03/210.51 mi8, Briarside, Blackhill, Consett, Durham DH8 0AS4
£220K12/220.58 mi19, Priory Close, Consett, County Durham DH8 0SA4
£162.5K11/200.59 mi25, Priory Close, Consett, Durham DH8 0SA4
£320K02/230.61 mi14, Turnberry Close, Consett, County Durham DH8 5XG4
£265K01/230.65 mi19, Muirfield Close, Consett, County Durham DH8 5XE4
£217K12/200.66 mi7, Muirfield Close, Consett, Durham DH8 5XE4
£300K08/210.66 mi11, Benfieldside Road, Consett, County Durham DH8 0SF4
£225K12/200.67 mi17, Queens Road, Consett, Durham DH8 0BJ4
£380K08/230.89 mi13, East Law, Consett, County Durham DH8 0QJ4
£317.5K05/230.89 mi12, East Law, Consett, County Durham DH8 0QJ4
£210K02/210.91 mi22, Laburnum Avenue, Consett, Durham DH8 5TD4
£505K11/200.93 miBlackfyne House, 162, Durham Road, Blackhill, Consett, Durham DH8 5TN4
£210K06/210.94 mi56, Barley Mill Road, Consett, County Durham DH8 8JR4
£197.9K03/210.95 mi18, Alston Terrace, Consett, Durham DH8 8JT4
£415K06/230.97 mi47, Barley Mill Road, Consett, County Durham DH8 8JS4

Local Rents

50 rents from £370/mo to £1.1K/mo, average is £698/mo.

RentDateDistanceAddressBeds 
£95012/240.25 miSnows Green Cottage, Shotley Bridge2
£95012/240.31 miWood Street, Shotley Bridge2
£75012/240.51 mi-2
£75003/250.51 mi-2
£99512/240.67 miConsett, County Durham, DH84
£79502/250.73 mi-3
£49512/240.73 mi-1
£51010/240.73 mi-1
£72502/250.76 mi-3
£47512/240.77 mi-2
£69512/240.81 mi-3
£70012/240.89 mi-2
£70003/250.89 mi-2
£70012/240.89 miDerwent Mews, Blackhill, Consett, DH82
£62512/240.92 mi-3
£71512/241.04 mi-3
£52512/241.06 miDurham Road, Consett, Durham, DH81
£60012/241.07 miEmma Street, Consett, Durham, DH82
£1,00012/241.24 miFenwick Way, Consett4
£72512/241.24 mi-3
£50012/241.28 miBeverley Gardens, Consett, County Durham, DH82
£52503/251.33 mi-2
£49512/241.34 miCleadon Street, Consett, Durham, DH81
£1,15003/251.36 mi-4
£1,15003/251.36 mi-4
£67510/241.37 mi-2
£60012/241.43 mi-2
£77502/251.44 mi-3
£72503/251.48 mi-3
£37012/241.5 miChurch Street, Consett, DH81
£60012/241.51 mi-2
£75012/241.51 mi-3
£77003/251.51 mi-3
£60012/241.52 mi-2
£65004/251.52 mi-2
£60012/241.52 mi-2
£47512/241.55 mi-2
£55012/241.56 miConstance Street, Consett, County Durham, DH82
£60012/241.57 mi-2
£55012/241.59 miGladstone Gardens, Consett, Durham, DH82
£52512/241.6 miSouthernwood, Consett2
£47512/241.6 mi-2
£62512/241.61 miRosemary Close, Consett2
£60012/241.61 miThe Green, Consett, County Durham, DH82
£1,10012/241.61 mi-4
£75012/241.64 miSteading Court, Consett3
£95012/241.66 mi-4
£1,05004/251.68 mi-5
£90012/241.68 mi-2
£90012/241.68 mi-3

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

  • Semi Detached House +
  • Four Bedrooms +
  • Open Plan for Modern Living +
  • Utility Space +
  • Ground Floor WC +
  • Garden +
  • Off Street Parking To Front +
  • Popular Picturesque Village +

Jan Mitchell Properties are delighted to welcome to the market this lovely extended four bedroom end terrace family home on the ever popular Summerdale in Shotley Bridge. Benefitting a south facing rear garden, the house will appeal to a variety of buyers.

Internally, the property briefly comprises:- Entrance porch, hallway with utility facilities, large storage cupboard and ground floor WC, sitting room with feature fireplace and bow window, and open plan living space with integrated kitchen, velux windows, dining space, and lounge area with the added bonus of a convenient pantry cupboard. A perfect area for the growing modern family. To the first floor, off the landing with sun tunnel, there is the three piece family bathroom with shower over the bath and four good sized bedrooms, two of which with built in storage and the main benefitting another bow window looking out to some lovely scenic views.

Externally, there is a low maintenance garden to the front along with a driveway providing off street parking for a single vehicle. To the rear, you are presented with a beautiful south facing garden with lawned and patio areas. An ideal space for entertaining during those long summer nights.

Location
The village of Shotley Bridge offers a wealth of local amenities including schools, shops, pubs, restaurants and cafes as well as woodland walks in and around the Derwent Valley with further amenities easily accessed in Consett, Gateshead and Newcastle via bus and road links.

Measurements
Sitting Room - 3.32 x 3.32
Open Plan Living Space - 5.42 x 6.63
Bedroom One - 3.32 x 3.32
Bedroom Two - 3.32 x 3.93
Bedroom Three - 4.12 x 2.74
Bedroom Four - 1.91 x 4.52

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: B (Durham County Council)
Tenure: Freehold

Agent Details

Jan Mitchell Properties, Covering North East

0191 625 1034

Next Steps?

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