2 Bed Semi-Detached House, Single Let, Consett, DH8 5FB, £110,000

Queens Gate, Consett, Durham, DH8 5FB - 2 months ago

Sold STC
BTL
ROI: 1%
~68 m²
+7 photos

ValuationOvervalued

Sold Prices£39K - £132K
Sold Prices/m²£643/m² - £2.3K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.6K/m²

Value Estimate

£79,573

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£27,500

Stamp Duty & Legal Fees

£6,700

Total Cash In

£34,200

 

 

Cash Out

 

Rent Range

£475 - £900

Rent Estimate

£475

Running Costs/mo

£459

Cashflow/mo

£16

Cashflow/yr

£195

ROI

1%

Gross Yield

5%

Local Sold Prices

50 sold prices from £39K to £132K, average is £85K. £643/m² to £2.3K/m², average is £1.2K/m².

PriceDateDistanceAddressBeds 
£87.5K03/230.1 mi9, Barr Hills, Consett, County Durham DH8 5NB2
£45K04/210.13 mi4, Steel Street, Consett, Durham DH8 5EF2
£86K10/200.13 mi3, Steel Street, Consett, Durham DH8 5EF2
£80K05/230.13 mi34, Aynsley Terrace, Consett, County Durham DH8 5NQ2
£65K04/230.13 mi116, Medomsley Road, Consett, County Durham DH8 5HS2
£84K06/230.14 mi5, Bertha Street, Consett, County Durham DH8 5DZ2
£68K03/230.19 mi8, Allison Street, Consett, County Durham DH8 5JD2
£62.5K04/210.24 mi9, Balfour Gardens, Consett, Durham DH8 5JL2
£132K08/210.25 mi45, Medomsley Road, Consett, County Durham DH8 5HG2
£88K11/200.28 mi35, Constance Street, Consett, Durham DH8 5DU2
£115K05/210.28 mi52, Stuart Court, Consett, Durham DH8 5GA2
£88K01/230.28 mi38, Edith Street, Consett, County Durham DH8 5DN2
£87.5K11/210.28 mi54, Edith Street, Consett, Durham DH8 5DN2
£75K07/210.28 mi37, Edith Street, Consett, County Durham DH8 5DN2
£126K05/230.29 mi3, Georgia Court, Consett, County Durham DH8 5XN2
£105K03/230.29 mi263, Medomsley Road, Consett, County Durham DH8 5JR2
£106K04/230.29 mi269, Medomsley Road, Consett, County Durham DH8 5JR2
£59K11/200.32 mi6, Park Street, Consett, Durham DH8 5UA2
£105K08/210.33 mi66, Romany Drive, Consett, Durham DH8 5XL2
£66K02/210.35 mi2, Alexandra Street, Consett, Durham DH8 5DR2
£49K12/200.35 mi20, Alexandra Street, Consett, Durham DH8 5DR2
£39K04/230.35 mi4, Cobden Street, Consett, County Durham DH8 6AH2
£88K10/210.35 mi5, Dale Court, Consett, Durham DH8 5DJ2
£99K07/230.36 mi14, Park Avenue, Consett, County Durham DH8 6AS2
£107.5K11/200.36 mi284, Medomsley Road, Consett, County Durham DH8 5JP2
£88K10/210.36 mi6, Dixon Street, Consett, Durham DH8 5UE2
£48.5K04/210.36 mi8, Dixon Street, Consett, Durham DH8 5UE2
£120K05/230.36 mi49, Berry Edge Road, Consett, County Durham DH8 5DS2
£72.5K09/210.36 mi58, Berry Edge Road, Consett, Durham DH8 5DS2
£105K04/230.36 mi39, Berry Edge Road, Consett, County Durham DH8 5DS2
£75K10/200.36 mi6, Gladstone Gardens, Consett, County Durham DH8 6AR2
£75K07/230.36 mi1, Gladstone Gardens, Consett, County Durham DH8 6AR2
£101K06/230.39 mi12, St Aidans Street, Consett, County Durham DH8 5ST2
£75K09/210.39 mi12, St Aidans Street, Consett, Durham DH8 5ST2
£90K01/210.39 mi1, St Aidans Place, Consett, County Durham DH8 5SU2
£88K01/210.42 mi7, Northfield View, Consett, Durham DH8 6AW2
£71.5K12/220.43 mi4, Emma Street, Consett, County Durham DH8 5NP2
£90K07/210.43 mi9, Emma Street, Consett, Durham DH8 5NP2
£70K01/210.44 mi87, Sherburn Terrace, Consett, Durham DH8 6NE2
£118K07/210.45 mi5, Moor View, Consett, Durham DH8 5TG2
£71K02/210.45 mi4, Tyne Street, Consett, County Durham DH8 6NN2
£68K10/210.47 mi9, West Parade, Consett, County Durham DH8 5RR2
£81.5K11/200.47 mi12, Walton Terrace, Villa Real, Consett, Durham DH8 6BW2
£80K07/210.48 mi32, Taylor Street, Consett, Durham DH8 5RS2
£76K04/210.48 mi1, Kelvin Gardens, Consett, County Durham DH8 5RU2
£95K01/230.49 mi28, West Parade, Consett, County Durham DH8 5RR2
£50K01/210.49 mi6, Unsworth Gardens, Consett, County Durham DH8 5RX2
£82.5K06/210.49 mi6, Ash Grove, Consett, Durham DH8 6EB2
£96K04/230.49 mi43, Derwent Mews, Blackhill, Consett, County Durham DH8 8TU2
£132K12/220.49 mi32, Derwent Mews, Blackhill, Consett, County Durham DH8 8TU2

Local Rents

23 rents from £475/mo to £900/mo, average is £600/mo.

RentDateDistanceAddressBeds 
£50012/240.08 miBeverley Gardens, Consett, County Durham, DH82
£52503/250.09 mi-2
£60012/240.17 mi-2
£60012/240.26 mi-2
£65004/250.27 mi-2
£60012/240.28 mi-2
£47512/240.34 mi-2
£55012/240.34 miConstance Street, Consett, County Durham, DH82
£52512/240.35 miSouthernwood, Consett2
£62512/240.37 miRosemary Close, Consett2
£47512/240.39 mi-2
£55012/240.39 miGladstone Gardens, Consett, Durham, DH82
£60012/240.4 mi-2
£67510/240.41 mi-2
£60012/240.41 miEmma Street, Consett, Durham, DH82
£60012/240.41 miThe Green, Consett, County Durham, DH82
£90012/240.42 mi-2
£70012/240.47 miDerwent Mews, Blackhill, Consett, DH82
£70012/240.47 mi-2
£70003/250.47 mi-2
£72012/240.52 mi-2
£74504/250.55 mi-2
£55012/240.56 mi-2

Local Area Statistics

Population in DH8

38,324

Population in Consett

38,379

Town centre distance

0.14 miles away

Nearest school

0.20 miles away

Nearest train station

7.03 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+9%

Sales demand

Seller's market

Capital growth (5yrs)

+14%

Property History

Listed for £110,000

March 10, 2025

Floor Plans

Description

  • Semi-detached +
  • Two Bedrooms +
  • Spacious reception room +
  • Gardens to front & rear +
  • Easy access to public transport +
  • Nearby schools and amenities +
  • Parking space +
  • EPC GRADE TBC +
  • COUNCIL TAX BAND B +

*NO ONWARD CHAIN*

Welcome to Queens Gate in Consett! This semi-detached property is perfect for first time buyers.

As you enter the property, you will find a spacious reception room that is ideal for relaxing and entertaining guests. There is a downstairs WC and the property also features gardens to both the front and rear of the property that offers a lovely outdoor space to enjoy.

The property boasts two bedrooms, including a double bedroom that provides ample space for rest and relaxation.

The kitchen has all the necessary amenities for preparing meals and offers a functional space for culinary enthusiasts.

Located close to Consett town centre, Queens Gate offers easy access to public transport links, making commuting a breeze. Nearby, you'll find a variety of schools, providing excellent educational opportunities for families.

Conveniently situated close to local amenities, residents can easily access shops, restaurants, and other essential services.

For those who enjoy spending time outdoors, there are several nearby parks and walks where you can relax and enjoy the beauty of nature.

One parking space is also included with the property, providing convenience for residents with vehicles.

Don't miss out on this fantastic property!. Contact Reeds Rains today to arrange a viewing and make this property your new home.

IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS: We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.

COS230085/2

Agent Details

Reeds Rains, Consett

01207 265948

Next Steps?

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