3 Bed Semi-Detached House, Refurb/BRRR, Consett, DH8 8QZ, £85,000

11 Gillside View, Consett, DH8 8QZ - 5 views - 24 days ago

Refurb/BRRR
ROI: 4%
83 m²
+16 photos

ValuationFair Value

Sold Prices£60K - £315K
Sold Prices/m²£729/m² - £2.9K/m²

 

 

Square Metres

83 m²
Price/m²£1K/m²

Value Estimate

£85,850

 

 

End Value (After Refurb)

£120,726

Uplift in Value

+42%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£21,250

Stamp Duty & Legal Fees

£5,450

Refurb Costs

£31,856

Bridging Loan Interest

£2,231

Total Cash In

£62,537

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£120,726

Mortgage (After Refinance)

£90,545

Mortgage LTV

75%

Cash Released

£26,795

Cash Left In

£35,742

Equity

£30,182

Rent Range

£625 - £995

Rent Estimate

£757

Running Costs/mo

£549

Cashflow/mo

£208

Cashflow/yr

£2,500

ROI

4%

Gross Yield

11%

Local Sold Prices

50 sold prices from £60K to £315K, average is £146K. £729/m² to £2.9K/m², average is £1.5K/m².

PriceDateDistanceAddressBeds 
£200K04/210.05 mi79, Cutlers Hall Road, Blackhill, Consett, Durham DH8 8RF3
£216.5K06/210.1 mi22, Priory Close, Consett, Durham DH8 0SA3
£60K12/210.13 mi89, Chaytor Road, Consett, Durham DH8 8QP3
£157.5K12/200.14 mi32, Queensway, Consett, County Durham DH8 0RZ3
£93K06/210.15 mi5, Valley Gardens, Blackhill, Consett, County Durham DH8 8RQ3
£115K12/200.15 mi29, Valley Gardens, Blackhill, Consett, Durham DH8 8RQ3
£168.5K06/230.17 mi80, Benfieldside Road, Consett, County Durham DH8 0SD3
£147K07/210.18 mi10, Northstead Drive, Consett, County Durham DH8 0RX3
£110K05/210.19 mi22, Queensway, Consett, County Durham DH8 0RU3
£118K12/200.2 mi24, Cutlers Avenue, Consett, Durham DH8 0AX3
£145K12/210.21 mi58, Backstone Road, Consett, County Durham DH8 8QG3
£90K02/230.22 mi11, Chaytor Road, Consett, County Durham DH8 8QA3
£167K08/210.24 mi20, Alston Road, Consett, Durham DH8 8JU3
£145K10/200.24 mi12, Alston Road, Consett, County Durham DH8 8JU3
£135K11/200.26 mi146, Benfieldside Road, Consett, Durham DH8 0RP3
£230K04/230.26 mi150, Benfieldside Road, Consett, County Durham DH8 0RP3
£197.5K12/200.26 mi150, Benfieldside Road, Consett, Durham DH8 0RP3
£160K08/210.28 mi111, Pleasant View, Bridgehill, Consett, Durham DH8 8LF3
£286.5K10/200.29 mi39, Barley Mill Road, Consett, Durham DH8 8JS3
£135K04/230.29 mi19, The Crescent, Shotley Bridge, Consett, County Durham DH8 0JA3
£93K12/200.29 mi37, St Marys Crescent, Consett, County Durham DH8 8PA3
£160K04/210.32 mi21, St Andrews Road, Consett, Durham DH8 8NX3
£78.5K10/210.35 mi16, High Ridge, Consett, County Durham DH8 8TJ3
£91K03/210.35 mi3, Cragside Court, Consett, Durham DH8 8TG3
£169K04/230.37 mi50, Ritsons Road, Consett, County Durham DH8 0AL3
£118.5K03/210.38 mi22, Riverside, Consett, County Durham DH8 0JB3
£105K03/210.39 mi53, Rosedale Avenue, Consett, County Durham DH8 0DZ3
£130K12/200.39 mi22, Benfield Close, Consett, Durham DH8 0RH3
£280K03/210.4 miPinetrees, Church Bank, Consett, Durham DH8 0NW3
£126K03/210.45 mi6, George Street, Blackhill, Consett, County Durham DH8 0AE3
£135K04/210.45 mi28, George Street, Blackhill, Consett, Durham DH8 0AE3
£215K01/210.45 mi11, Kings Road, Consett, County Durham DH8 0AH3
£100K11/200.46 mi29, Thomas Street, Blackhill, Consett, Durham DH8 0AB3
£315K04/230.47 mi11, Briary Gardens, Consett, County Durham DH8 0RE3
£140K03/230.49 mi8, Rosedale Avenue, Consett, County Durham DH8 0DY3
£147K07/210.5 mi54, Woodlands Road, Consett, County Durham DH8 0DH3
£315K06/230.59 mi14, Churchill Close, Consett, County Durham DH8 0EU3
£157.5K10/200.6 mi46, The Briary, Consett, County Durham DH8 0QZ3
£175K02/210.6 mi60, The Briary, Consett, County Durham DH8 0QZ3
£185K07/230.6 mi58, The Briary, Consett, County Durham DH8 0QZ3
£289.8K02/230.63 mi4, The Mount, Shotley Bridge, Consett, County Durham DH8 0DW3
£78K11/210.64 mi12, Roger Street, Consett, County Durham DH8 5SX3
£130K11/210.64 mi13, Roger Street, Consett, Durham DH8 5SX3
£197.5K02/210.65 mi12, Glenside, Consett, Durham DH8 0DN3
£150K07/230.65 mi26, Laburnum Avenue, Consett, County Durham DH8 5TD3
£105.8K11/200.67 mi25, Summerdale, Consett, County Durham DH8 0ET3
£170K02/210.67 mi7, Summerdale, Consett, County Durham DH8 0ET3
£80K08/210.67 mi31, Dixon Street, Consett, Durham DH8 5UE3
£97.5K12/220.68 mi32, Dixon Street, Consett, County Durham DH8 5UE3
£265K04/230.69 mi17, Oley Meadows, Shotley Bridge, Consett, County Durham DH8 0JF3

Local Rents

11 rents from £625/mo to £995/mo, average is £725/mo.

RentDateDistanceAddressBeds 
£69512/240.14 mi-3
£79501/250.21 mi-3
£72501/250.31 mi-3
£62512/240.32 mi-3
£71512/240.65 mi-3
£75012/241.08 mi-3
£77003/251.08 mi-3
£72512/241.14 mi-3
£99512/241.15 mi-3
£72503/251.18 mi-3
£77502/251.19 mi-3

Local Area Statistics

Population in DH8

38,324

Population in Consett

38,379

Town centre distance

1.03 miles away

Nearest school

0.20 miles away

Nearest train station

6.23 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+9%

Sales demand

Seller's market

Capital growth (5yrs)

+14%

Property History

Listed for £85,000

March 7, 2025

Floor Plans

Description

  • Three bedrooms +
  • Two reception rooms +
  • Two bathrooms +
  • Built-in wardrobes +
  • Large windows +
  • Stunning garden view +
  • Ground floor WC +
  • Ample storage space +
  • Private gardens +
  • Ideal location +

This semi-detached house is currently on the market and presents an excellent opportunity for both investors and families. The property needs renovation, offering a rewarding project for those looking to make a house a home.

The house features three bedrooms, two reception rooms, and two bathrooms. The bedrooms consist of one single and two doubles, both of which boast built-in wardrobes. The first reception room is an inviting space with large windows and a stunning view of the garden. The second reception room provides an open-plan layout, also benefiting from large windows and a delightful garden view.

The property includes a ground floor WC for convenience and an additional bathroom. The house also offers a kitchen to cater to all your culinary needs, and a large utility and store room, providing ample storage space.

The house is surrounded by gardens at the front and rear, offering private, green spaces for relaxation and leisure.

The location of the property is ideal, with access to public transport links, nearby schools, and local amenities. It is also in close proximity to green spaces and walking routes, perfect for those who enjoy outdoor activities.

This property is an unmissable opportunity for buyers looking to invest or for families seeking a new home with potential for personalisation. It offers the perfect balance of private home living with easy access to community resources and outdoor spaces.

Agent Details

Hunters, Consett

01207 265957

Next Steps?

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