3 Bed Bungalow, Planning Permission, Consett, DH8 7AE, £130,000

Ford Street, Consett, County Durham, DH8 7AE - 1 views - 16 days ago

Planning
ROI: 4%
~93 m²
+8 photos

ValuationFair Value

Sold Prices£62K - £310K
Sold Prices/m²£597/m² - £2.5K/m²

 

 

Square Metres

~93 m²
Price/m²£1.4K/m²

Value Estimate

£132,600

 

 

End Value (After Refurb)

£144,959

Uplift in Value

+12%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£32,500

Stamp Duty & Legal Fees

£7,700

Refurb Costs

£35,694

Bridging Loan Interest

£3,413

Total Cash In

£81,056

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£144,959

Mortgage (After Refinance)

£108,719

Mortgage LTV

75%

Cash Released

£11,219

Cash Left In

£69,837

Equity

£36,240

Rent Range

£695 - £2,850

Rent Estimate

£891

Running Costs/mo

£651

Cashflow/mo

£240

Cashflow/yr

£2,878

ROI

4%

Gross Yield

8%

Local Sold Prices

45 sold prices from £62K to £310K, average is £117K. £597/m² to £2.5K/m², average is £1.4K/m².

PriceDateDistanceAddressBeds 
£95.5K03/210.01 mi24, Lea Side, Consett, County Durham DH8 7AD3
£125K08/230.01 mi30, Lea Side, Consett, County Durham DH8 7AD3
£145K03/230.15 mi43, Chapel Drive, Delves Lane, Consett, County Durham DH8 7EW3
£119K04/230.18 mi56, Pixley Dell, Delves Lane, Consett, County Durham DH8 7DB3
£138K05/230.2 miSunnybrae, Delves Lane, Consett, County Durham DH8 7ER3
£142.3K02/230.21 mi101, Greenways, Consett, County Durham DH8 7DH3
£69K03/230.25 mi8, Shafto Close, Consett, County Durham DH8 7JD3
£159K02/210.28 mi4, Bainbridge Close, Consett, Durham DH8 7EG3
£95K02/230.29 mi133, Castledene Road, Consett, County Durham DH8 7DZ3
£168K02/230.3 mi42, College View, Consett, County Durham DH8 7DP3
£127.1K03/210.32 mi20, Deepdale Drive, Consett, County Durham DH8 7EH3
£170K02/230.32 mi4, Horton Close, Consett, County Durham DH8 7EN3
£90.5K07/210.32 mi30, Lumley Drive, Consett, Durham DH8 7DS3
£65K03/210.33 mi7, Pontop View, Consett, County Durham DH8 7JB3
£158K11/200.34 mi17, Douai Drive, Consett, County Durham DH8 7DN3
£72.5K12/200.35 mi117, Castledene Road, Consett, County Durham DH8 7HL3
£175K09/210.36 mi87, Redmire Drive, Consett, County Durham DH8 7EL3
£80K12/200.37 mi57, Iveston Road, Consett, County Durham DH8 7HR3
£178K02/230.37 mi162, Greenways, Consett, County Durham DH8 7DW3
£180K01/210.38 mi17, Redmire Drive, Consett, Durham DH8 7EL3
£69K10/210.39 mi39, Woody Close, Consett, County Durham DH8 7HN3
£95K10/210.42 mi71, Castledene Road, Consett, County Durham DH8 7HH3
£145K02/230.43 mi39, Askrigg Close, Consett, County Durham DH8 7EF3
£70K01/210.44 mi50, Old Hall Road, Consett, County Durham DH8 7HU3
£107K06/230.44 mi56, Old Hall Road, Consett, County Durham DH8 7HU3
£70K10/210.47 mi41, Berksyde, Consett, County Durham DH8 7LJ3
£62K02/210.49 mi28, Fairfield, Consett, County Durham DH8 7HA3
£65K02/230.49 mi8, Fairfield, Consett, County Durham DH8 7HA3
£122.5K09/210.49 mi63, Langdon Close, Consett, Durham DH8 7NG3
£115.5K12/200.49 mi43, Langdon Close, Consett, Durham DH8 7NG3
£310K05/210.52 mi37, Hownsgill Drive, Consett, County Durham DH8 9ER3
£170K12/220.52 mi80, Holwick Close, Consett, County Durham DH8 7UJ3
£104K02/230.53 mi24, Gloucester Road, Consett, County Durham DH8 7LL3
£77K03/210.53 mi22, Gloucester Road, Consett, County Durham DH8 7LL3
£204K06/230.6 mi34, Grassholme Close, Consett, County Durham DH8 7UL3
£231K08/230.6 mi14, Grassholme Close, Consett, County Durham DH8 7UL3
£214.5K02/230.65 mi14, Middleton Close, Consett, County Durham DH8 7UQ3
£200K11/220.67 mi19, Middleton Close, Consett, County Durham DH8 7UQ3
£88.3K05/230.7 mi18, Third Street, Crookhall, Consett, County Durham DH8 7LT3
£65K05/230.88 mi25, Taylor Street, Consett, County Durham DH8 5RS3
£105K01/210.88 mi10, Taylor Street, Consett, Durham DH8 5RS3
£75.5K01/230.89 mi18, Taylor Street, Consett, County Durham DH8 5RS3
£100K03/210.89 mi8, West Parade, Consett, County Durham DH8 5RR3
£117K06/230.94 mi6, Palmerston Street, Consett, County Durham DH8 5RF3
£141K04/230.95 mi17, Meadow Rise, Consett, County Durham DH8 6NS3

Local Rents

16 rents from £695/mo to £2.9K/mo, average is £760/mo.

RentDateDistanceAddressBeds 
£69512/240.01 mi-3
£70012/240.15 miChapel Drive, Consett, DH83
£69501/250.29 mi-3
£79012/240.32 miDeepdale Drive, Consett, DH83
£79012/240.32 mi-3
£80012/240.32 mi-3
£75012/240.4 mi-3
£79512/240.41 miAskrigg Close, Consett3
£2,85002/250.49 mi-3
£72512/240.8 miSpiro Court, Consett, Durham, DH83
£90012/240.94 mi-3
£75012/241.14 miSteading Court, Consett3
£72503/251.14 mi-3
£77502/251.18 mi-3
£75012/241.22 mi-3
£77003/251.22 mi-3

Local Area Statistics

Population in DH8

38,324

Population in Consett

38,379

Town centre distance

1.29 miles away

Nearest school

0.20 miles away

Nearest train station

8.38 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+9%

Sales demand

Seller's market

Capital growth (5yrs)

+14%

Property History

Listed for £130,000

March 14, 2025

Floor Plans

Description

  • Extended Bungalow +
  • No Chain +
  • Loft Conversion +
  • Conservatory +
  • Leased Photovoltaic Solar Panels +
  • Boiler installed 2024 +

A well-presented and extended end-terraced bungalow with a loft conversion, conservatory and pleasant garden.

Available with no forward chain, the property has the benefit of uPVC double glazing, gas-fired central heating with a combination boiler fitted in 2024 and leased photovoltaic solar panels. The bungalow is ideal for families, first-time buyers or those looking to down-size and the accommodation comprises, on the ground floor, a modern kitchen, a dining room open plan to the lounge and a conservatory. There is one downstairs bedroom, a bathroom and useful utility room. On the first floor there are two further rooms with skylight windows. There is a yard to the rear with wrought-iron gates and a pleasant garden to the rear with patio, lawn, borders and shrubs.

Ford Street is the second street in within the six rows of former National Coal Board terraced bungalows in Delves Lane, situated just beyond the primary school on the road from Consett to Knitsley. It is approximately a mile-and-a-quarter from the town centre and its range of shopping and recreational facilities, and there are regular buses serving the town and the outlying villages. There are also good road links to Lanchester and Durham via the A691 and to Tyneside on the A692.

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 brick 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.
Solar Panels - Installed July 2012 on a 25 year lease with McVickers, further information on request.
Estimated Mobile phone coverage – Please refer to the Ofcom Website -
Estimated Broadband Download speeds – please refer to the Ofcom Website –
Parking- On Street

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 – No planning applications in the locality, Building regulation approved for loft conversion and planning approved for conservatory.
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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