2 Bed Terraced House, Planning Permission, Consett, DH8 0NA, £140,000

Elm Park Terrace, Shotley Bridge, Consett, DH8 0NA - a month ago

Sold STC
Planning
~68 m²
+10 photos

ValuationOvervalued

Sold Prices£48.5K - £235K
Sold Prices/m²£672/m² - £2.6K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.1K/m²

Value Estimate

£100,414

Investment Opportunity

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£35,000

Stamp Duty & Legal Fees

£8,500

Total Cash In

£43,500

 

 

Cash Out

 

Rent Range

£475 - £950

Rent Estimate

£513

Running Costs/mo

£560

Cashflow/mo

£-47

Cashflow/yr

£-565

Gross Yield

4%

Local Sold Prices

34 sold prices from £48.5K to £235K, average is £97.3K. £672/m² to £2.6K/m², average is £1.5K/m².

PriceDateDistanceAddressBeds 
£117.5K04/230.01 mi23, Elm Park Terrace, Consett, County Durham DH8 0NA2
£105K10/200.01 mi15, Elm Park Terrace, Consett, County Durham DH8 0NA2
£130K11/210.01 mi14, Elm Park Terrace, Consett, Durham DH8 0NA2
£235K07/230.46 mi4, The Drive, Consett, County Durham DH8 0DL2
£70K12/200.6 mi25, West View, Medomsley Edge, Consett, Durham DH8 6PB2
£80K02/230.6 mi11, West View, Medomsley Edge, Consett, County Durham DH8 6PB2
£170.5K09/210.65 mi49, Benfield Close, Consett, County Durham DH8 0RH2
£107.5K02/210.68 mi10, Cooperative Terrace, Shotley Bridge, Consett, Durham DH8 0HW2
£85K11/200.76 mi14, St Cuthberts Avenue, Consett, County Durham DH8 0LR2
£94.5K03/210.77 mi26, East Law, Consett, Durham DH8 0QJ2
£155K11/220.78 mi1, Wood Street, Shotley Bridge, Consett, County Durham DH8 0JE2
£85K01/230.84 mi43, George Street, Blackhill, Consett, County Durham DH8 0AE2
£82K11/210.86 mi8, John Street, Blackhill, Consett, Durham DH8 0AD2
£93K08/210.86 mi24, John Street, Blackhill, Consett, Durham DH8 0AD2
£75.5K07/210.86 mi3, John Street, Blackhill, Consett, Durham DH8 0AD2
£71.5K12/220.9 mi4, Emma Street, Consett, County Durham DH8 5NP2
£90K07/210.9 mi9, Emma Street, Consett, Durham DH8 5NP2
£80.8K05/230.9 mi49, Thomas Street, Blackhill, Consett, County Durham DH8 0AB2
£80K02/210.9 mi37, Thomas Street, Blackhill, Consett, County Durham DH8 0AB2
£65K06/230.9 mi57, Thomas Street, Blackhill, Consett, County Durham DH8 0AB2
£135K03/230.95 mi13, Pleasant View, Medomsley, Consett, County Durham DH8 6RE2
£120K03/230.95 mi4, Pleasant View, Medomsley, Consett, County Durham DH8 6RE2
£59K11/200.96 mi6, Park Street, Consett, Durham DH8 5UA2
£133.5K02/230.98 mi48, Cutlers Hall Road, Blackhill, Consett, County Durham DH8 8RE2
£118K07/210.98 mi5, Moor View, Consett, Durham DH8 5TG2
£88K10/210.98 mi6, Dixon Street, Consett, Durham DH8 5UE2
£48.5K04/210.98 mi8, Dixon Street, Consett, Durham DH8 5UE2
£96K04/230.98 mi43, Derwent Mews, Blackhill, Consett, County Durham DH8 8TU2
£110K05/230.98 mi40, Derwent Mews, Blackhill, Consett, County Durham DH8 8TU2
£132K12/220.98 mi32, Derwent Mews, Blackhill, Consett, County Durham DH8 8TU2
£125K09/210.98 mi47, Cutlers Hall Road, Blackhill, Consett, Durham DH8 8RE2
£125K10/210.98 mi46, Cutlers Hall Road, Blackhill, Consett, Durham DH8 8RE2
£107.5K11/200.99 mi284, Medomsley Road, Consett, County Durham DH8 5JP2
£98.5K12/201 mi60, Cutlers Hall Road, Blackhill, Consett, County Durham DH8 8RG2

Local Rents

10 rents from £475/mo to £950/mo, average is £700/mo.

RentDateDistanceAddressBeds 
£95012/240.22 miSnows Green Cottage, Shotley Bridge2
£75012/240.38 mi-2
£75003/250.38 mi-2
£95012/240.77 miWood Street, Shotley Bridge2
£60012/240.92 miEmma Street, Consett, Durham, DH82
£47512/240.96 mi-2
£70012/241.01 miDerwent Mews, Blackhill, Consett, DH82
£70012/241.01 mi-2
£70003/251.01 mi-2
£50012/241.23 miBeverley Gardens, Consett, County Durham, DH82

Local Area Statistics

Population in DH8

38,324

Population in Consett

38,379

Town centre distance

1.36 miles away

Nearest school

0.60 miles away

Nearest train station

5.86 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+9%

Sales demand

Seller's market

Capital growth (5yrs)

+14%

Property History

Listed for £140,000

March 12, 2025

Floor Plans

Description

  • Close to The Derwent Walk +
  • Ideal for Walkers and Cyclists +
  • Well Presented +
  • Modern Kitchen and Bathroom +
  • Two Cellar Rooms +
  • Garage and Sun Terrace +

A very well presented two bedroomed stone-built terraced house ideal for those who enjoy countryside walks or cycling being within 50m of the Derwent Walk.

The property has the benefit of uPVC double glazing and gas central heating with combination boiler and has accommodation comprising entrance lobby, living room, contemporary fitted kitchen/dining room with high gloss units and a glazed door out to a pleasant decked seating area above the garage. The first floor landing leads to the two bedrooms and a contemporary bathroom with a white suite, which includes a mains fed shower over the bath, there is also a cellar to lower ground floor with internal access via steps from the kitchen which provides two areas including a utility area both with electric sockets and recessed spotlights. There is a path for access to the rear alongside the garage.

Elm Park Terrace is a stone-built terrace situated on the rural edge of Shotley Bridge, close to the popular Derwent Walk and approximately three quarters-of-a-mile from the village centre, which offers an excellent range of local shops and facilities. It is also close to the popular villages of Medomsley and Ebchester, and is 2.3 miles from Consett town centre, while it is well placed for commuting to Durham and Newcastle, which are both within 15 miles.

MATERIAL INFORMATION:

In compliance with the Consumer Protection from Unfair Trading Regulations 2008 and National Trading Standards Estate and Letting Agency Team’s Material information in property listings Guidance

PART A
Local Authority – Durham County Council
Council Tax Band – A
Tenure – Freehold

PART B
Property Type – Terraced
Property Construction – Standard stone built
Number & Types of Rooms – Please refer to the details and floorplan, all measurements taken being the maximum dimensions available between internal walls
Electricity supply – Mains
Water Supply - Mains
Sewerage – Mains
Heating - Gas fired with radiators
Estimated Mobile phone coverage – Please refer to the Ofcom Website -
Estimated Broadband Download speeds – please refer to the Ofcom Website –
Parking- Garage

PART C
Building Safety – (The Vendor is not aware of any Building Safety issues. However, we would recommend that the purchaser engages the services of a chartered surveyor to confirm)
Restrictions –
Covenants which affect the property are contained within the Land Registry Title Register which is available for inspection.
Selective licencing area – no
Article 4 Planning Restricted area - NA
Rights & Easements- NA
Flood risk – Very Low
Coastal Erosion - NA
Planning Permission – NA
Accessibility/Adaptations – None
Mining Area – Coal Mining Reporting Area, further searches may be required.

No other Material Information disclosures have been made by the vendor. This information has been compiled in good faith using resources readily available online and by enquiry of the vendor prior to marketing. However, such information could change after compilation of the data, so J W Wood cannot be held liable for any changes post compilation or any accidental errors or omissions.
Furthermore, J W Wood are not legally qualified and conveyancing documents are often complicated, necessitating judgement on our part about which parts are “Material Information” to be disclosed. If any information provided, or other matter relating to the property, is of particular importance to you, please do seek verification from a legal advisor before committing to expenditure.

Agent Details

J W Wood, Consett

01207 265924

Next Steps?

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