3 Bed Terraced House, Single Let, Consett, DH8 7HZ, £90,000

Salem Avenue, Consett, DH8 7HZ - 21 days ago

Under Offer
BTL
ROI: 9%
~93 m²
+10 photos

ValuationUndervalued

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

 

 

Square Metres

~93 m²
Price/m²£968/m²

Value Estimate

£111,600
BMV24%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£22,500

Stamp Duty & Legal Fees

£5,700

Total Cash In

£28,200

 

 

Cash Out

 

Rent Range

£600 - £2,850

Rent Estimate

£650

Running Costs/mo

£431

Cashflow/mo

£219

Cashflow/yr

£2,625

ROI

9%

Gross Yield

9%

Local Sold Prices

50 sold prices from £62K to £310K, average is £118K. £597/m² to £2.5K/m², average is £1.5K/m².

PriceDateDistanceAddressBeds 
£65K03/210.04 mi7, Pontop View, Consett, County Durham DH8 7JB3
£72.5K12/200.06 mi117, Castledene Road, Consett, County Durham DH8 7HL3
£80K12/200.08 mi57, Iveston Road, Consett, County Durham DH8 7HR3
£95K10/210.11 mi71, Castledene Road, Consett, County Durham DH8 7HH3
£69K10/210.12 mi39, Woody Close, Consett, County Durham DH8 7HN3
£69K03/230.12 mi8, Shafto Close, Consett, County Durham DH8 7JD3
£70K01/210.15 mi50, Old Hall Road, Consett, County Durham DH8 7HU3
£107K06/230.15 mi56, Old Hall Road, Consett, County Durham DH8 7HU3
£138K05/230.17 miSunnybrae, Delves Lane, Consett, County Durham DH8 7ER3
£145K03/230.18 mi43, Chapel Drive, Delves Lane, Consett, County Durham DH8 7EW3
£95K02/230.18 mi133, Castledene Road, Consett, County Durham DH8 7DZ3
£90.5K07/210.18 mi30, Lumley Drive, Consett, Durham DH8 7DS3
£159K02/210.22 mi4, Bainbridge Close, Consett, Durham DH8 7EG3
£170K02/230.26 mi4, Horton Close, Consett, County Durham DH8 7EN3
£62K02/210.26 mi28, Fairfield, Consett, County Durham DH8 7HA3
£65K02/230.26 mi8, Fairfield, Consett, County Durham DH8 7HA3
£70K10/210.28 mi41, Berksyde, Consett, County Durham DH8 7LJ3
£142.3K02/230.28 mi101, Greenways, Consett, County Durham DH8 7DH3
£104K02/230.29 mi24, Gloucester Road, Consett, County Durham DH8 7LL3
£77K03/210.29 mi22, Gloucester Road, Consett, County Durham DH8 7LL3
£95.5K03/210.31 mi24, Lea Side, Consett, County Durham DH8 7AD3
£125K08/230.31 mi30, Lea Side, Consett, County Durham DH8 7AD3
£127.1K03/210.31 mi20, Deepdale Drive, Consett, County Durham DH8 7EH3
£175K09/210.32 mi87, Redmire Drive, Consett, County Durham DH8 7EL3
£180K01/210.34 mi17, Redmire Drive, Consett, Durham DH8 7EL3
£178K02/230.35 mi162, Greenways, Consett, County Durham DH8 7DW3
£168K02/230.37 mi42, College View, Consett, County Durham DH8 7DP3
£158K11/200.37 mi17, Douai Drive, Consett, County Durham DH8 7DN3
£88.3K05/230.39 mi18, Third Street, Crookhall, Consett, County Durham DH8 7LT3
£119K04/230.41 mi56, Pixley Dell, Delves Lane, Consett, County Durham DH8 7DB3
£145K02/230.41 mi39, Askrigg Close, Consett, County Durham DH8 7EF3
£170K12/220.45 mi80, Holwick Close, Consett, County Durham DH8 7UJ3
£204K06/230.48 mi34, Grassholme Close, Consett, County Durham DH8 7UL3
£231K08/230.48 mi14, Grassholme Close, Consett, County Durham DH8 7UL3
£214.5K02/230.53 mi14, Middleton Close, Consett, County Durham DH8 7UQ3
£200K11/220.54 mi19, Middleton Close, Consett, County Durham DH8 7UQ3
£122.5K09/210.55 mi63, Langdon Close, Consett, Durham DH8 7NG3
£115.5K12/200.55 mi43, Langdon Close, Consett, Durham DH8 7NG3
£100K03/210.67 mi8, West Parade, Consett, County Durham DH8 5RR3
£65K05/230.68 mi25, Taylor Street, Consett, County Durham DH8 5RS3
£105K01/210.68 mi10, Taylor Street, Consett, Durham DH8 5RS3
£75.5K01/230.68 mi18, Taylor Street, Consett, County Durham DH8 5RS3
£141K04/230.69 mi17, Meadow Rise, Consett, County Durham DH8 6NS3
£117K06/230.76 mi6, Palmerston Street, Consett, County Durham DH8 5RF3
£97K12/200.77 mi21, Southernwood, Consett, Durham DH8 6GD3
£105K03/210.81 mi9, Ash Grove, Consett, Durham DH8 6EB3
£310K05/210.81 mi37, Hownsgill Drive, Consett, County Durham DH8 9ER3
£140K01/230.81 mi8, Cardoon Road, Consett, County Durham DH8 6GG3
£130K03/230.81 mi12, Cardoon Road, Consett, County Durham DH8 6GG3
£120K08/210.82 mi22, Steadings Court, Consett, Durham DH8 6GA3

Local Rents

22 rents from £600/mo to £2.9K/mo, average is £750/mo.

RentDateDistanceAddressBeds 
£69501/250.15 mi-3
£70012/240.18 miChapel Drive, Consett, DH83
£75012/240.2 mi-3
£2,85002/250.21 mi-3
£69512/240.31 mi-3
£79012/240.31 miDeepdale Drive, Consett, DH83
£79012/240.31 mi-3
£80001/250.32 mi-3
£79512/240.39 miAskrigg Close, Consett3
£90012/240.7 mi-3
£72512/240.71 miSpiro Court, Consett, Durham, DH83
£75012/240.84 miSteading Court, Consett3
£72503/250.93 mi-3
£77502/250.95 mi-3
£75012/240.95 miBluebell Close, Leadgate, Consett, DH83
£60012/241.06 mi-3
£65004/241.07 mi-3
£65012/241.07 miDunelm Way, Consett, DH83
£65002/241.07 mi-3
£75012/241.07 mi-3
£77003/251.07 mi-3
£72512/241.15 mi-3

Local Area Statistics

Population in DH8

38,324

Population in Consett

38,379

Town centre distance

1.08 miles away

Nearest school

0.20 miles away

Nearest train station

8.12 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+9%

Sales demand

Seller's market

Capital growth (5yrs)

+14%

Property History

Listed for £90,000

March 21, 2025

Floor Plans

Description

  • Attractive Three Bed Terraced Home +
  • Excellent Transport Links +
  • Easy Access To Local Amenities +
  • Modern & Spacious Throughout +
  • Freehold +
  • Perfect For A Growing Family +
  • Perfect For First Time Buyers +

The Property
This charming three-bedroom terraced home in Consett is an exceptional opportunity for first-time buyers or young couples looking for a spacious and inviting property. Beautifully presented throughout, this home offers a warm and welcoming atmosphere, making it the perfect place to create lasting memories.

Step inside to discover a bright, airy living space with generous room sizes that provide an abundance of natural light. The comfortable lounge is perfect for relaxing, while the spacious kitchen offers ample room for meal preparation and entertaining. The three good-sized bedrooms are ideal for a growing family or anyone in need of extra space for a home office or guest room. Each room offers a blank canvas for your personal style, making it easy to put your own stamp on the property.

The property also benefits from a lovely, manageable garden, providing a peaceful outdoor retreat where you can relax, entertain, or enjoy family time. Whether you’re looking to unwind with a book or host a barbecue with friends, the garden offers the perfect space to enjoy the outdoors.

Located in a highly sought-after area, this home provides easy access to all the local amenities you need, including shops, schools, and parks. With excellent transport links nearby, you’ll have no trouble commuting or exploring everything Consett and the surrounding area have to offer.

This home truly has it all – space, potential, and a fantastic location – and is ready for you to make it your own. Don’t miss out on this amazing opportunity to secure your dream home in a friendly, welcoming community. Book a viewing today and take the first step toward your next chapter!

Property Description Disclaimer

This is a general description of the property only, and is not intended to constitute part of an offer or contract. It has been verified by the seller(s), unless marked as 'draft'. Purplebricks conducts some valuations online and some of our customers prepare their own property descriptions, so if you decide to proceed with a viewing or an offer, please note this information may have been provided solely by the vendor, and we may not have been able to visit the property to confirm it. If you require clarification on any point then please contact us, especially if you’re traveling some distance to view. All information should be checked by your solicitor prior to exchange of contracts. Successful buyers will be required to complete anti-money laundering checks. Our partner, Lifetime Legal Limited, will carry out the initial checks on our behalf. The current non-refundable cost is £80 inc. VAT per offer. You’ll need to pay this to Lifetime Legal and complete all checks before we can issue a memorandum of sale. The cost includes obtaining relevant data and any manual checks and monitoring which might be required, and includes a range of benefits. Purplebricks will receive some of the fee taken by Lifetime Legal to compensate for its role in providing these checks.

Agent Details

Purplebricks, covering Durham

020 3910 6429

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪