2 Bed Bungalow, Planning Permission, Consett, DH8 9QN, £155,000

Wharnley Way, Consett, County Durham, DH8 9QN - a month ago

Sold STC
Planning
~68 m²
+6 photos

ValuationOvervalued

Sold Prices£50K - £185K
Sold Prices/m²£803/m² - £2.3K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.3K/m²

Value Estimate

£88,463

Investment Opportunity

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£38,750

Stamp Duty & Legal Fees

£9,550

Total Cash In

£48,300

 

 

Cash Out

 

Rent Range

£370 - £1,150

Rent Estimate

£475

Running Costs/mo

£599

Cashflow/mo

£-124

Cashflow/yr

£-1,492

Gross Yield

4%

Local Sold Prices

22 sold prices from £50K to £185K, average is £92.5K. £803/m² to £2.3K/m², average is £1.3K/m².

PriceDateDistanceAddressBeds 
£116K06/210.08 mi12, Front Street, Castleside, Consett, County Durham DH8 9AR2
£185K04/210.11 mi64, Castle Hills, Castleside, Consett, Durham DH8 9RL2
£80K01/210.12 mi16, Rowley Bank, Consett, Durham DH8 9QT2
£102.5K06/230.16 mi6, Drover Terrace, Consett, County Durham DH8 9QY2
£87K10/210.16 mi38, Moorland Crescent, Consett, Durham DH8 9RG2
£85K02/210.24 mi8, The Rise, Consett, County Durham DH8 9RA2
£82K11/200.27 mi3, Belle View Drive, Consett, Durham DH8 9RB2
£110K02/210.41 mi5, Park Terrace, Castleside, Consett, Durham DH8 9QF2
£117K11/200.48 mi6, Wesley Terrace, Consett, Durham DH8 9QB2
£58K05/230.65 mi73, Dunelm Road, Consett, County Durham DH8 8HR2
£78K01/211.17 mi10, Pemberton Avenue, Consett, Durham DH8 8AN2
£50K10/211.18 mi38, Welford Road, Consett, County Durham DH8 8AH2
£120K04/211.21 mi11, Selby Gardens, Consett, Durham DH8 8AS2
£104K06/231.35 mi20, Arkless Grove, The Grove, Consett, County Durham DH8 8AB2
£90K06/231.96 mi27, Chaytor Road, Consett, County Durham DH8 8QA2
£86K05/231.97 mi8, Chaytor Road, Consett, County Durham DH8 8QB2
£125K02/211.98 mi19, Spiro Court, Templetown, Consett, County Durham DH8 7NL2
£75K03/211.98 mi36, Spiro Court, Templetown, Consett, County Durham DH8 7NL2
£105K08/211.98 mi66, Romany Drive, Consett, Durham DH8 5XL2
£78.5K12/201.99 mi21, Spiro Court, Templetown, Consett, County Durham DH8 7NL2
£155K06/231.99 mi41, Spiro Court, Templetown, Consett, County Durham DH8 7NL2
£95K05/231.99 mi17, Cortland Road, Consett, County Durham DH8 8QD2

Local Rents

50 rents from £370/mo to £1.1K/mo, average is £685/mo.

RentDateDistanceAddressBeds 
£65010/240.62 mi-2
£55012/241.23 miPriestman Avenue, The Grove, Consett, Durham, DH82
£65012/241.29 miArkless Grove, The Grove, Consett, Durham, DH8 8AB2
£99512/241.59 mi-3
£1,15003/251.82 mi-4
£1,15003/251.82 mi-4
£67510/241.9 mi-2
£1,00012/241.94 miFenwick Way, Consett4
£75012/241.94 mi-3
£77003/251.94 mi-3
£62512/241.95 mi-3
£60012/241.95 mi-2
£69512/242.01 mi-3
£60012/242.01 mi-2
£72512/242.01 miSpiro Court, Consett, Durham, DH83
£60012/242.02 miThe Green, Consett, County Durham, DH82
£60004/252.03 mi-2
£60004/252.03 mi-2
£55012/242.03 miKnitsley Gardens, Consett2
£55012/242.04 mi-2
£52504/252.07 mi-3
£47512/242.08 mi-2
£55012/242.09 miConstance Street, Consett, County Durham, DH82
£71512/242.09 mi-3
£72012/242.12 mi-2
£49512/242.13 mi-1
£51010/242.13 mi-1
£79501/252.13 mi-3
£72501/252.14 mi-3
£65004/252.17 mi-2
£60012/242.18 mi-2
£47512/242.2 mi-2
£70012/242.2 mi-2
£70003/252.2 mi-2
£70012/242.2 miDerwent Mews, Blackhill, Consett, DH82
£37012/242.23 miChurch Street, Consett, DH81
£79512/242.23 miAskrigg Close, Consett3
£52503/252.24 mi-2
£72503/252.24 mi-3
£80012/242.31 mi-3
£79012/242.32 mi-3
£79012/242.32 miDeepdale Drive, Consett, DH83
£60012/242.35 mi-2
£77502/252.35 mi-3
£49512/242.37 miCleadon Street, Consett, Durham, DH81
£1,05004/252.38 mi-5
£90012/242.38 mi-2
£90012/242.38 mi-3
£50012/242.39 miBeverley Gardens, Consett, County Durham, DH82
£95012/242.39 mi-4

Local Area Statistics

Population in DH8

38,324

Population in Consett

38,379

Town centre distance

2.19 miles away

Nearest school

0.10 miles away

Nearest train station

7.89 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+9%

Sales demand

Seller's market

Capital growth (5yrs)

+14%

Property History

Listed for £155,000

March 22, 2025

Floor Plans

Description

  • No Chain +
  • Cul de Sac Location +
  • Ideal for Downsizing +
  • Combination Boiler +
  • uPVC Double Glazing +
  • Garage and Driveway +

Available with no forward chain, this semi-detached bungalow is ideal for those looking to down-size.

Situated in the North Pennine village of Castleside in a pleasant cul-de-sac, the bungalow was built in the 1960s and has the benefit of uPVC double glazing and gas-fired central heating with a Worcester - Bosch combination boiler. The property requires some cosmetic improvement, has been well-maintained by our clients and offer accommodation which comprises, an entrance hallway, a lounge, a kitchen dining room, a bathroom and two double bedrooms. There are lawned gardens to front & rear, a long driveway for parking which leads to a garage at the rear.

Wharnley Way is a cul-de-sac of houses and bungalows, situated within the village of Castleside which is approximately two-and-a-half miles from Consett town centre and has a range of shops and facilities including a large Tesco store with 24-hour opening times, as well as Morrisons and Aldi supermarkets on the nearby retail park. The A68 provides a link to Hexham and Northumberland to the north and Darlington to the south, while the regional centres of Durham and Newcastle are both within 16 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 – B
Tenure – Freehold

PART B
Property Type – Semi-detached
Property Construction – Standard brick construction.
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 and driveway.

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 – No adaptions for accessibility.
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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