2 Bed Terraced House, Single Let, Consett, DH8 7JT, £85,000

Gill Street, Consett, Durham, DH8 7JT - 19 days ago

BTL
ROI: 6%
~71 m²
+7 photos

ValuationOvervalued

Sold Prices£39K - £155K
Sold Prices/m²£639/m² - £2.3K/m²

 

 

Square Metres

~71.30 m²
Price/m²£1.2K/m²

Value Estimate

£74,916

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£21,250

Stamp Duty & Legal Fees

£5,450

Total Cash In

£26,700

 

 

Cash Out

 

Rent Range

£475 - £900

Rent Estimate

£519

Running Costs/mo

£389

Cashflow/mo

£130

Cashflow/yr

£1,555

ROI

6%

Gross Yield

7%

Local Sold Prices

50 sold prices from £39K to £155K, average is £81.3K. £639/m² to £2.3K/m², average is £1.1K/m².

PriceDateDistanceAddressBeds 
£47.5K11/200.02 mi37, Gill Street, Consett, Durham DH8 7JT2
£88K09/210.03 mi61, Gill Street, Consett, Durham DH8 7JT2
£75K04/230.03 mi50, Gill Street, Consett, County Durham DH8 7JT2
£68K04/210.05 mi18, Forster Street, Consett, Durham DH8 7JU2
£94K09/210.06 mi9, Forster Street, Consett, County Durham DH8 7JU2
£87K12/220.06 mi6, Forster Street, Consett, County Durham DH8 7JU2
£95K01/230.07 mi28, West Parade, Consett, County Durham DH8 5RR2
£80K07/210.07 mi32, Taylor Street, Consett, Durham DH8 5RS2
£68K10/210.08 mi9, West Parade, Consett, County Durham DH8 5RR2
£76K04/210.1 mi1, Kelvin Gardens, Consett, County Durham DH8 5RU2
£85K03/230.12 mi14, Windsor Gardens, Consett, County Durham DH8 7JW2
£110K12/220.12 mi18, Temple Forge Mews, Consett, County Durham DH8 5RZ2
£80K06/210.12 mi13, Windsor Gardens, Consett, Durham DH8 7JW2
£50K01/210.13 mi6, Unsworth Gardens, Consett, County Durham DH8 5RX2
£71K02/210.27 mi4, Tyne Street, Consett, County Durham DH8 6NN2
£66K02/210.28 mi2, Alexandra Street, Consett, Durham DH8 5DR2
£49K12/200.28 mi20, Alexandra Street, Consett, Durham DH8 5DR2
£39K04/230.3 mi4, Cobden Street, Consett, County Durham DH8 6AH2
£125K02/210.32 mi19, Spiro Court, Templetown, Consett, County Durham DH8 7NL2
£75K03/210.32 mi36, Spiro Court, Templetown, Consett, County Durham DH8 7NL2
£78.5K12/200.32 mi21, Spiro Court, Templetown, Consett, County Durham DH8 7NL2
£155K06/230.32 mi41, Spiro Court, Templetown, Consett, County Durham DH8 7NL2
£132K08/210.32 mi45, Medomsley Road, Consett, County Durham DH8 5HG2
£88K01/230.32 mi38, Edith Street, Consett, County Durham DH8 5DN2
£87.5K11/210.32 mi54, Edith Street, Consett, Durham DH8 5DN2
£75K07/210.32 mi37, Edith Street, Consett, County Durham DH8 5DN2
£50.5K03/230.33 mi27, Knitsley Gardens, Consett, County Durham DH8 7NR2
£48K05/230.33 mi21, Knitsley Gardens, Consett, County Durham DH8 7NR2
£70K01/210.33 mi87, Sherburn Terrace, Consett, Durham DH8 6NE2
£88K11/200.34 mi35, Constance Street, Consett, Durham DH8 5DU2
£88K01/210.35 mi7, Northfield View, Consett, Durham DH8 6AW2
£75K10/200.35 mi6, Gladstone Gardens, Consett, County Durham DH8 6AR2
£75K07/230.35 mi1, Gladstone Gardens, Consett, County Durham DH8 6AR2
£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
£99K07/230.37 mi14, Park Avenue, Consett, County Durham DH8 6AS2
£88K10/210.4 mi5, Dale Court, Consett, Durham DH8 5DJ2
£72K01/230.43 mi1, Percy Terrace, Consett, County Durham DH8 7EY2
£58K08/210.43 mi3, Percy Terrace, Consett, Durham DH8 7EY2
£95K04/210.43 mi7, First Street, Crookhall, Consett, Durham DH8 7LX2
£84K06/230.44 mi5, Bertha Street, Consett, County Durham DH8 5DZ2
£65K04/230.45 mi116, Medomsley Road, Consett, County Durham DH8 5HS2
£115K05/210.46 mi52, Stuart Court, Consett, Durham DH8 5GA2
£82.5K06/210.46 mi6, Ash Grove, Consett, Durham DH8 6EB2
£45K04/210.49 mi4, Steel Street, Consett, Durham DH8 5EF2
£86K10/200.49 mi3, Steel Street, Consett, Durham DH8 5EF2
£126K05/230.53 mi3, Georgia Court, Consett, County Durham DH8 5XN2
£105K08/210.53 mi66, Romany Drive, Consett, Durham DH8 5XL2
£87.5K03/230.56 mi9, Barr Hills, Consett, County Durham DH8 5NB2

Local Rents

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

RentDateDistanceAddressBeds 
£55012/240.12 mi-2
£74503/250.12 mi-2
£72012/240.16 mi-2
£90012/240.17 mi-2
£52512/240.25 miSouthernwood, Consett2
£62512/240.27 miRosemary Close, Consett2
£55012/240.31 mi-2
£47512/240.32 mi-2
£60012/240.32 mi-2
£55012/240.32 miConstance Street, Consett, County Durham, DH82
£60012/240.33 mi-2
£60001/250.33 mi-2
£55012/240.33 miKnitsley Gardens, Consett2
£60012/240.34 mi-2
£60012/240.34 miThe Green, Consett, County Durham, DH82
£47512/240.34 mi-2
£60012/240.35 mi-2
£55012/240.36 miGladstone Gardens, Consett, Durham, DH82
£60012/240.39 mi-2
£60012/240.47 mi-2
£52503/250.49 mi-2
£50012/240.54 miBeverley Gardens, Consett, County Durham, DH82
£60012/240.61 mi-2

Local Area Statistics

Population in DH8

38,324

Population in Consett

38,379

Town centre distance

0.48 miles away

Nearest school

0.30 miles away

Nearest train station

7.58 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 15, 2025

Floor Plans

Description

  • NO ONWARD CHAIN +
  • Spacious Bedrooms +
  • Stylish Living Space +
  • Bright and Airy Conservatory +
  • Off Street Parking +
  • Freehold +
  • Modern Shaker Style Kitchen +

*NO ONWARD CHAIN*

Located close to Consett town centre, this charming two-bedroom terraced home offers fantastic space, high ceilings, and a bright, inviting feel throughout. With a large modern kitchen, a conservatory, and a handy loft space, it’s an excellent opportunity for first-time buyers or those looking to put their own stamp on a property with only minor decorative updates needed.

The generous lounge is filled with natural light, creating a welcoming atmosphere, while the high ceilings enhance the sense of space. The modern kitchen offers ample storage and workspace, making it perfect for cooking and entertaining. Leading from the lounge, the conservatory provides an additional versatile living space—ideal as a dining area, home office, or a relaxing spot to enjoy the garden views.

Upstairs, the master bedroom is impressively spacious, easily accommodating a large bed and furniture while maintaining a light and airy feel. The second bedroom is a comfortable single, perfect for a child’s room, guest room, or home office. The family bathroom is well-appointed, offering all the essentials. There is also access to a loft space via a ladder, providing useful additional storage.

While the home would benefit from some light decorative updates, it presents a fantastic opportunity to make it your own. Conveniently located near shops, transport links, and amenities, this property combines space, charm, and potential.

Book your viewing today to see all this fantastic home has to offer!

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.

COS250088/2

Agent Details

Reeds Rains, Consett

01207 265948

Next Steps?

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