2 Bed Terraced House, Single Let, Consett, DH8 6AR, £79,950

16 Gladstone Gardens, Consett, DH8 6AR - 2 views - a month ago

BTL
ROI: 6%
54 m²
+9 photos

ValuationOvervalued

Sold Prices£39K - £174.6K
Sold Prices/m²£643/m² - £2.3K/m²

 

 

Square Metres

53.60 m²
Price/m²£1.5K/m²

Value Estimate

£57,620

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£19,988

Stamp Duty & Legal Fees

£5,198

Total Cash In

£25,185

 

 

Cash Out

 

Rent Range

£475 - £900

Rent Estimate

£506

Running Costs/mo

£371

Cashflow/mo

£135

Cashflow/yr

£1,619

ROI

6%

Gross Yield

8%

Local Sold Prices

50 sold prices from £39K to £174.6K, average is £84.5K. £643/m² to £2.3K/m², average is £1.1K/m².

PriceDateDistanceAddressBeds 
£75K10/200.02 mi6, Gladstone Gardens, Consett, County Durham DH8 6AR2
£75K07/230.02 mi1, Gladstone Gardens, Consett, County Durham DH8 6AR2
£88K01/210.05 mi7, Northfield View, Consett, Durham DH8 6AW2
£99K07/230.05 mi14, Park Avenue, Consett, County Durham DH8 6AS2
£39K04/230.06 mi4, Cobden Street, Consett, County Durham DH8 6AH2
£70K01/210.06 mi87, Sherburn Terrace, Consett, Durham DH8 6NE2
£71K02/210.08 mi4, Tyne Street, Consett, County Durham DH8 6NN2
£82.5K06/210.16 mi6, Ash Grove, Consett, Durham DH8 6EB2
£132K08/210.17 mi45, Medomsley Road, Consett, County Durham DH8 5HG2
£85K03/230.24 mi14, Windsor Gardens, Consett, County Durham DH8 7JW2
£65K04/230.25 mi116, Medomsley Road, Consett, County Durham DH8 5HS2
£80K06/210.25 mi13, Windsor Gardens, Consett, Durham DH8 7JW2
£68K10/210.26 mi9, West Parade, Consett, County Durham DH8 5RR2
£95K01/230.27 mi28, West Parade, Consett, County Durham DH8 5RR2
£80K07/210.3 mi32, Taylor Street, Consett, Durham DH8 5RS2
£68K04/210.31 mi18, Forster Street, Consett, Durham DH8 7JU2
£94K09/210.33 mi9, Forster Street, Consett, County Durham DH8 7JU2
£87K12/220.33 mi6, Forster Street, Consett, County Durham DH8 7JU2
£174.6K03/230.33 mi10, Villa Real Estate, Consett, County Durham DH8 6BJ2
£87.5K03/230.34 mi9, Barr Hills, Consett, County Durham DH8 5NB2
£76K04/210.34 mi1, Kelvin Gardens, Consett, County Durham DH8 5RU2
£47.5K11/200.34 mi37, Gill Street, Consett, Durham DH8 7JT2
£88K09/210.35 mi61, Gill Street, Consett, Durham DH8 7JT2
£75K04/230.35 mi50, Gill Street, Consett, County Durham DH8 7JT2
£84K06/230.36 mi5, Bertha Street, Consett, County Durham DH8 5DZ2
£88K01/230.36 mi38, Edith Street, Consett, County Durham DH8 5DN2
£68K03/230.36 mi8, Allison Street, Consett, County Durham DH8 5JD2
£87.5K11/210.36 mi54, Edith Street, Consett, Durham DH8 5DN2
£75K07/210.36 mi37, Edith Street, Consett, County Durham DH8 5DN2
£50K01/210.37 mi6, Unsworth Gardens, Consett, County Durham DH8 5RX2
£66K02/210.38 mi2, Alexandra Street, Consett, Durham DH8 5DR2
£49K12/200.38 mi20, Alexandra Street, Consett, Durham DH8 5DR2
£88K11/200.38 mi35, Constance Street, Consett, Durham DH8 5DU2
£110K12/220.39 mi18, Temple Forge Mews, Consett, County Durham DH8 5RZ2
£62.5K04/210.4 mi9, Balfour Gardens, Consett, Durham DH8 5JL2
£80K05/230.4 mi34, Aynsley Terrace, Consett, County Durham DH8 5NQ2
£45K04/210.41 mi4, Steel Street, Consett, Durham DH8 5EF2
£86K10/200.41 mi3, Steel Street, Consett, Durham DH8 5EF2
£105K03/230.41 mi263, Medomsley Road, Consett, County Durham DH8 5JR2
£106K04/230.41 mi269, Medomsley Road, Consett, County Durham DH8 5JR2
£95K04/210.42 mi7, First Street, Crookhall, Consett, Durham DH8 7LX2
£81.5K11/200.42 mi12, Walton Terrace, Villa Real, Consett, Durham DH8 6BW2
£120K05/230.46 mi49, Berry Edge Road, Consett, County Durham DH8 5DS2
£72.5K09/210.46 mi58, Berry Edge Road, Consett, Durham DH8 5DS2
£105K04/230.46 mi39, Berry Edge Road, Consett, County Durham DH8 5DS2
£115K05/210.49 mi52, Stuart Court, Consett, Durham DH8 5GA2
£88K10/210.49 mi5, Dale Court, Consett, Durham DH8 5DJ2
£107.5K11/200.49 mi284, Medomsley Road, Consett, County Durham DH8 5JP2
£126K05/230.54 mi3, Georgia Court, Consett, County Durham DH8 5XN2
£105K08/210.57 mi66, Romany Drive, Consett, Durham DH8 5XL2

Local Rents

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

RentDateDistanceAddressBeds 
£47512/240.01 mi-2
£55012/240.03 miGladstone Gardens, Consett, Durham, DH82
£62512/240.07 miRosemary Close, Consett2
£52512/240.1 miSouthernwood, Consett2
£60012/240.11 mi-2
£90012/240.16 mi-2
£60012/240.22 mi-2
£74504/250.25 mi-2
£55012/240.27 mi-2
£50012/240.33 miBeverley Gardens, Consett, County Durham, DH82
£60012/240.34 mi-2
£65004/250.34 mi-2
£52503/250.38 mi-2
£55012/240.42 miConstance Street, Consett, County Durham, DH82
£72012/240.42 mi-2
£47512/240.43 mi-2
£60012/240.48 miThe Green, Consett, County Durham, DH82
£60012/240.56 mi-2
£60012/240.56 miEmma Street, Consett, Durham, DH82
£60012/240.57 mi-2

Local Area Statistics

Population in DH8

38,324

Population in Consett

38,379

Town centre distance

0.41 miles away

Nearest school

0.10 miles away

Nearest train station

7.33 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+9%

Sales demand

Seller's market

Capital growth (5yrs)

+14%

Property History

Listed for £79,950

March 27, 2025

Floor Plans

Description

  • TWO DOUBLE BEDROOMS +
  • SPACIOUS WALK-IN CLOSET +
  • BAY WINDOW IN RECEPTION +
  • NATURAL LIGHT THROUGHOUT +
  • FRONT GARDEN OVERLOOKING GREEN SPACE +
  • REAR YARD FOR RELAXATION +
  • PRIME LOCATION +
  • EXCELLENT TRANSPORT LINKS +
  • NEARBY LOCAL AMENITIES +
  • NATURAL DECOR THROUGHOUT +

Introducing a charming terraced house with a neutral décor, now available for sale. This property boasts a tasteful arrangement of rooms, including two double bedrooms, one reception room, and a kitchen. The bedrooms are spacious with one offering the luxury of a walk-in closet.

Entering the house, you are greeted by a reception room that has a unique feature of a bay window, allowing plenty of natural light to enter and create a warm, inviting atmosphere. The kitchen is well-proportioned, also benefiting from natural light that adds a sense of space and openness. The property has been neutrally decorated throughout, offering a clean and calm canvas for you to make it your own.

This property comes with an appealing outdoor space as well. A rear yard and a delightful garden to the front that overlooks green space, offering a tranquil spot for relaxation and enjoyment.

Situated in a prime location, the property benefits from excellent public transport links, making commuting a breeze. The area also boasts local amenities and schools, making it a great choice for families.

This house is ideal for a variety of potential buyers. Whether you're a first-time buyer looking to step onto the property ladder, an investor seeking a promising opportunity, or someone over the age of 55 looking for a peaceful home, this property could be the perfect fit for you.

Don't miss out on this lovely house with its unique features and excellent location. Contact us today to arrange a viewing.

Agent Details

Hunters, Consett

01207 265957

Next Steps?

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