5 Bed Detached House, Cash/Bridging Only, Consett, DH8 6FD, £270,000

Carr House Mews, Consett, Co. Durham, DH8 6FD - 2 months ago

Cash
~178 m²
+31 photos

ValuationFair Value

Sold Prices£161.5K - £565K
Sold Prices/m²£724/m² - £3.5K/m²

 

 

Square Metres

~178.28 m²
Price/m²£1.5K/m²

Value Estimate

£272,700

 

 

End Value (After Refurb)

£255,365

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£67,500

Stamp Duty & Legal Fees

£15,700

Refurb Costs

£68,426

Bridging Loan Interest

£7,088

Total Cash In

£160,463

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£255,365

Mortgage (After Refinance)

£191,524

Mortgage LTV

75%

Cash Left In

£160,463

Equity

£63,841

Rent Range

£525 - £2,850

Rent Estimate

£871

Running Costs/mo

£992

Cashflow/mo

£-121

Cashflow/yr

£-1,455

Gross Yield

4%

Local Sold Prices

19 sold prices from £161.5K to £565K, average is £315K. £724/m² to £3.5K/m², average is £1.8K/m².

PriceDateDistanceAddressBeds 
£220K07/210.09 mi17, Granary Court, Consett, Durham DH8 6FF5
£565K05/210.31 miVilla Real, 77, Villa Real Road, Consett, County Durham DH8 6BL5
£161.5K08/210.96 mi36, Cort Street, Consett, Durham DH8 5SY5
£242K03/210.99 mi33, Cotherstone Close, Consett, County Durham DH8 7UE5
£250K12/221.06 mi17, Ovington Close, Templetown, Consett, County Durham DH8 7NY5
£350K12/201.12 mi30, Queens Road, Consett, Durham DH8 0BL5
£380K05/231.19 mi23, Langdon Close, Consett, County Durham DH8 7NG5
£272K04/231.19 mi87, Langdon Close, Consett, County Durham DH8 7NG5
£315K12/201.32 mi2, Murray Court, Consett, County Durham DH8 0LY5
£425K02/231.44 mi4, Chepstow Close, Consett, County Durham DH8 0UD5
£380K11/221.47 mi14, Aintree Drive, Consett, County Durham DH8 0NT5
£345K11/221.62 mi4, Highsteads, Medomsley, Consett, County Durham DH8 6QA5
£311K09/211.93 mi23, Handley Cross, Medomsley, Consett, Durham DH8 6TZ5
£485K07/231.98 mi115, Manor Road, Consett, County Durham DH8 6QL5
£425K02/212.03 mi7, The Garth, Medomsley, Consett, County Durham DH8 6TR5
£194K11/202.56 mi64, Hillgarth, Castleside, Consett, Durham DH8 9QD5
£235K11/222.56 mi62, Hillgarth, Castleside, Consett, County Durham DH8 9QD5
£194K11/202.56 mi64, Hillgarth, Castleside, Consett, Durham DH8 9QD5
£350K07/232.89 miMidwicket, Derwent Terrace, Stanley, County Durham DH9 8NN5

Local Rents

30 rents from £525/mo to £2.9K/mo, average is £750/mo.

RentDateDistanceAddressBeds 
£1,10012/240.01 mi-4
£75012/240.12 miSteading Court, Consett3
£75012/240.36 miBluebell Close, Leadgate, Consett, DH83
£72512/240.44 mi-3
£60012/240.48 mi-3
£95012/240.51 mi-4
£90012/240.53 mi-3
£1,05004/250.53 mi-5
£77502/250.55 mi-3
£72503/250.65 mi-3
£65004/240.76 mi-3
£65012/240.76 miDunelm Way, Consett, DH83
£65002/240.76 mi-3
£2,85002/250.76 mi-3
£52504/250.81 mi-3
£75012/240.87 mi-3
£75012/240.95 mi-3
£77003/250.95 mi-3
£72512/240.97 miSpiro Court, Consett, Durham, DH83
£71512/241.02 mi-3
£69501/251.03 mi-3
£1,00012/241.05 miFenwick Way, Consett4
£79512/241.05 miAskrigg Close, Consett3
£79012/241.05 miDeepdale Drive, Consett, DH83
£79012/241.05 mi-3
£80012/241.06 mi-3
£70012/241.11 miChapel Drive, Consett, DH83
£1,15003/251.13 mi-4
£1,15003/251.13 mi-4
£69512/241.24 mi-3

Local Area Statistics

Population in DH8

38,324

Population in Consett

38,379

Town centre distance

0.73 miles away

Nearest school

0.20 miles away

Nearest train station

7.25 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+9%

Sales demand

Seller's market

Capital growth (5yrs)

+14%

Property History

Listed for £270,000

March 6, 2025

Floor Plans

Description

  • Modern detached family home +
  • 5 bedrooms plus dressing room/study +
  • Large garden +
  • Off road parking and integral garage +
  • New kitchen and en-suite +
  • New carets and flooring +
  • New gas combi central heating boiler +
  • Freehold, Council Tax band E +
  • EPC rating C (77) +
  • Virtual tour available +

A recently refurbished five bedroom modern detached house on an established development with all new carpets and flooring, new kitchen, new en-suite bathroom, new central heating boiler and is available with no upper chain. Comprising hallway, dining room, lounge, breakfasting kitchen, washroom/WC. First floor master bedroom with en-suite bathroom, two further bedrooms and a bathroom. To the second floor there are a further two bedrooms and a study/dressing room. Great storage, garden, integral garage with driveway. Council Tax band E, freehold, EPC rating C (77). Virtual tour available. 

HALLWAY Composite double glazed entrance door, Oak effect vinyl floor tiles, single radiator, inset spotlights, telephone points, coving, stairs to the first floor and doors leading to the receptions rooms, cloakroom/WC and breakfasting kitchen.. 

DINING ROOM 9' 3" x 8' 8" (2.84m x 2.66m) Oak effect vinyl floor tiles, bay with uPVC double glazed windows, single radiator, telephone point and coving. 

CLOAKROOM/WC Oak effect vinyl floor tiles, WC, wash basin with tiled splash-back and a chrome towel radiator. 

LOUNGE 11' 7" x 14' 10" (3.55m x 4.53m) Overlooking the rear garden with uPVC double glazed French doors and matching side windows, coving, double radiator and a TV aerial point. 

BREAKFASTING KITCHEN 13' 11" x 8' 9" (4.25.m x 2.69m) A newly installed quality kitchen fitted with a range of light shaker style wall and base units with white marble Quartz worktops and matching upturns. Integrated fan assisted electric oven/grill, four ring gas hob and extractor canopy over. Recessed sink with mixer tap, integrated fridge and freezer, plumbed for a washing machine and concealed wall mounted gas combi central heating boiler. Tall column radiator, uPVC double glazed window, matching side exit door and Oak effect vinyl floor tiles. 

FIRST FLOOR  

LANDING uPVC double glazed window, storage cupboard, coving and doors leading to bedrooms and bathroom. Stairs lead to the second floor. 

MASTER BEDROOM (TO REAR) 12' 11" x 11' 6" (3.94m x 3.51m) Built-in storage cupboard, uPVC double glazed window, single radiator, TV aerial point, telephone point and a door leading to the en-suite bathroom. 

EN-SUITE BATHROOM 8' 3" x 6' 5" (2.52m x 1.98m) A newly installed white suite featuring a panelled bath, separate thermostatic shower in glazed cubicle, wash basin with base storage, WC, part tiled walls, anthracite towel radiator, ceiling extractor fan, uPVC double glazed window and inset LED spotlights.  

BEDROOM 2 (TO THE FRONT) 9' 3" x 10' 2" (2.83m x 3.12m) Built-in storage cupboard, uPVC double glazed window and a single radiator. 

BEDROOM 3 (TO THE FRONT) 7' 6" x 9' 3" (2.31m x 2.84m) Built-in storage cupboard, uPVC double glazed window, single radiator and telephone point. 

BATHROOM 6' 5" x 5' 6" (1.96m x 1.68m) A white suite featuring a panelled bath, separate thermostatic shower in cubicle, wash basin with base storage, WC, part tiled walls, uPVC double glazed window, chrome towel radiator, extractor fan and inset LED spotlights. 

SECOND FLOOR  

LANDING uPVC double glazed window, large walk-in storage cupboard with access door to eaves. Doors lead to further bedrooms and the study/dressing room. 

BEDROOM 4 (TO THE FRONT) 7' 11" x 10' 2" (2.42m x 3.12m) Double glazed Velux window, built-in storage cupboard, loft access hatch and a single radiator. 

BEDROOM 5 (TO THE REAR) 7' 11" x 10' 2" (2.43m x 3.12m) Double glazed Velux window, built-in storage cupboard and a single radiator. 

STUDY/DRESSING ROOM 6' 6" x 6' 0" (2.00m x 1.84m) Double glazed Velux window, single radiator and a door giving access to the eaves. 

EXTERNAL  

GARAGE Integral single garage with roller door, power points and lighting. 

TO THE FRONT Twin driveway providing off-street parking. Open lawn, side path leading to the rear garden. 

TO THE REAR A spacious garden with paved patio, lawn, cold water supply tap and is enclosed by a timber fence. 

HEATING Gas fired central heating via a newly installed combination boiler and radiators. 

GLAZING Fully double glazed. 

ENERGY EFFICIENCY EPC rating C (77). Please speak to a member of staff for a copy of the full Energy Performance Certificate. 

COUNCIL TAX The property is in Council Tax band E. 

TENURE We understand that the property is freehold. We would recommend that any purchaser has this confirmed by their legal advisor.  

VIEWINGS We have created a virtual tour which can be viewed on our YouTube channel, our website, property portals and our social media accounts such as Facebook, Twitter and Instagram. To arrange a viewing please contact the office. Please do not attend if you have recently shown symptoms of the Covid-19 virus. We may need to restrict the number of people within the property at one time and limit time of the viewing to 15 minutes. 

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. 

MORTGAGE ADVICE We have independent mortgage advisers within our branch, who will search the whole market to find the best suitable mortgage and help you progress through the process. Contact our office to arrange a telephone or office appointment.  

AGENTS NOTE Whilst we endeavour to make our particulars accurate and reliable, they should not be relied on as a statement or representations of fact, and do not constitute any part of an offer or contract. The owner does not make or give, nor do we or our employees have authority to make or give any representation or warranty in relation to the property. We have not checked or tested any appliances mentioned (including heating systems or electrical fittings) therefore working order cannot be confirmed. All measurements are given to the nearest 5cm.

Agent Details

David Bailes, Stanley

01207 265903

Next Steps?

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