3 Bed Semi-Detached House, Planning Permission, Consett, DH8 6HH, £167,500

Ambleside Mews, Consett, County Durham, DH8 6HH - a month ago

Planning
ROI: 2%
~93 m²
+12 photos

ValuationOvervalued

Sold Prices£60K - £176K
Sold Prices/m²£824/m² - £2.2K/m²

 

 

Square Metres

~93 m²
Price/m²£1.8K/m²

Value Estimate

£115,654

 

 

End Value (After Refurb)

£151,500

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£41,875

Stamp Duty & Legal Fees

£10,425

Refurb Costs

£35,694

Bridging Loan Interest

£4,397

Total Cash In

£94,141

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£151,500

Mortgage (After Refinance)

£113,625

Mortgage LTV

75%

Cash Left In

£94,141

Equity

£37,875

Rent Range

£370 - £3,000

Rent Estimate

£780

Running Costs/mo

£649

Cashflow/mo

£131

Cashflow/yr

£1,567

ROI

2%

Gross Yield

6%

Local Sold Prices

24 sold prices from £60K to £176K, average is £110.5K. £824/m² to £2.2K/m², average is £1.2K/m².

PriceDateDistanceAddressBeds 
£140K01/210.04 mi13, Patterdale Mews, Consett, County Durham DH8 6HQ3
£137.5K11/220.09 mi18, St Ives Gardens, Leadgate, Consett, County Durham DH8 7PQ3
£176K12/220.1 mi35, St Ives Gardens, Leadgate, Consett, County Durham DH8 7PQ3
£160K04/210.1 mi7, St Ives Gardens, Leadgate, Consett, Durham DH8 7PQ3
£88K01/210.1 mi59, St Ives Road, Consett, County Durham DH8 7QB3
£88K01/210.1 mi59, St Ives Road, Consett, County Durham DH8 7QB3
£151.5K03/230.1 mi64, St Ives Road, Consett, County Durham DH8 7QB3
£80K08/210.17 mi6, Wingrove Terrace, Consett, County Durham DH8 7QE3
£81K12/200.21 mi6, Pont Road, Consett, Durham DH8 6HE3
£95K06/230.25 mi7, Plantation Street, Consett, County Durham DH8 7PP3
£97K01/210.27 mi21, Second Street, Watling Street Bungalows, Consett, Durham DH8 6HP3
£110K04/230.28 mi18, Dere Park, Leadgate, Consett, County Durham DH8 6DG3
£95K04/210.37 mi133, Durham Road, Leadgate, Consett, County Durham DH8 7QY3
£112.5K06/210.37 mi38, Laurel Drive, Consett, County Durham DH8 7RG3
£116K12/220.41 mi14, Bluebell Close, Leadgate, Consett, County Durham DH8 7GA3
£60K12/200.41 mi15, Willow Crescent, Consett, County Durham DH8 7RQ3
£115K07/210.41 mi39, Willow Crescent, Consett, County Durham DH8 7RQ3
£121.5K07/230.42 mi6, Bluebell Close, Leadgate, Consett, County Durham DH8 7GA3
£80K03/210.42 mi96, Durham Road, Leadgate, Consett, County Durham DH8 7RB3
£111K12/200.46 mi157, Durham Road, Leadgate, Consett, Durham DH8 7QZ3
£169.9K11/200.81 mi20, Newbell Court, Consett, Durham DH8 6FE3
£120K08/210.87 mi22, Steadings Court, Consett, Durham DH8 6GA3
£105K03/210.95 mi9, Ash Grove, Consett, Durham DH8 6EB3
£100K05/210.97 mi43, Villa Real Road, Consett, County Durham DH8 6BL3

Local Rents

50 rents from £370/mo to £3K/mo, average is £625/mo.

RentDateDistanceAddressBeds 
£62512/240.14 mi-2
£62504/250.16 mi-2
£72512/240.25 mi-2
£60012/240.28 mi-3
£49505/240.28 mi-2
£49501/250.28 mi-2
£65002/240.31 mi-3
£65004/240.32 mi-3
£65012/240.32 miDunelm Way, Consett, DH83
£60012/240.41 mi-2
£75012/240.42 miBluebell Close, Leadgate, Consett, DH83
£1,10012/240.74 mi-4
£75012/240.84 miSteading Court, Consett3
£55012/241.08 miGladstone Gardens, Consett, Durham, DH82
£47512/241.12 mi-2
£72512/241.14 mi-3
£60012/241.17 miEmma Street, Consett, Durham, DH82
£62512/241.18 miRosemary Close, Consett2
£52512/241.18 miDurham Road, Consett, Durham, DH81
£60012/241.2 mi-2
£52512/241.21 miSouthernwood, Consett2
£2,10012/241.21 miIveston Lane, Iveston, Consett, Durham, DH86
£95012/241.21 mi-4
£60012/241.22 mi-2
£2,85002/251.22 mi-3
£74504/251.23 mi-2
£90012/241.23 mi-2
£90012/241.23 mi-3
£1,05004/251.23 mi-5
£55012/241.23 mi-2
£3,00012/241.26 miWhitehall Lane, Iveston6
£77502/251.28 mi-3
£60012/241.29 mi-2
£49512/241.29 miCleadon Street, Consett, Durham, DH81
£60012/241.3 mi-2
£50012/241.3 miBeverley Gardens, Consett, County Durham, DH82
£69501/251.32 mi-3
£75012/241.35 mi-3
£72503/251.38 mi-3
£37012/241.39 miChurch Street, Consett, DH81
£39512/241.39 miGreenways, Consett, DH81
£52503/251.42 mi-2
£60012/241.44 mi-2
£65004/251.45 mi-2
£70012/241.46 miChapel Drive, Consett, DH83
£72012/241.49 mi-2
£55012/241.52 miConstance Street, Consett, County Durham, DH82
£47512/241.54 mi-2
£52504/251.54 mi-3
£1,00004/251.54 mi-3

Local Area Statistics

Population in DH8

38,324

Population in Consett

38,379

Town centre distance

1.47 miles away

Nearest school

0.10 miles away

Nearest train station

7.44 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+9%

Sales demand

Seller's market

Capital growth (5yrs)

+14%

Property History

Listed for £167,500

March 29, 2025

Floor Plans

Description

  • Semi-Detached +
  • Family Home +
  • Enclosed Rear Garden +
  • No Forward Chain +
  • Vacant Possession +
  • No Forward Chain +
  • Desirable Cul-de-sac +

Available with vacant possession and no forward chain this semi-detached family home is pleasantly situated on the edge of the cul-de-sac and offers scope for extension subject the relevant planning and consent.

The property has the benefit of uPVC double glazing, gas central heating with combination boiler and briefly comprises, on the ground floor: Entrance porch, hallway, lounge dining room, kitchen diner with integrated appliances, and patio doors to the conservatory. To the first floor there are three bedrooms and a bathroom. Externally there is an integral garage with electric roller door, garden and block paved drive to front and additional enclosed garden to the rear.

Ambleside Mews is situated in the popular 'Lakes' estate within Lead gate, approximately a half a mile from the village centre, which has a few local shops and amenities. It is also less than two miles from Consett town centre, which has a more comprehensive range of facilities. There is a local primary school in Lead gate, on nearby St Ives Road, and there are public transport and road links to the other outlying villages, to Consett and to the regional centres of Durham and Tyneside, making it an ideal location for commuting.

MATERIAL INFORMATION:

PART A
Local Authority – Durham County Council
Council Tax Band – C
Tenure – Freehold

PART B
Property Type – Semi-Detached
Property Construction – Standard
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 boiler with radiators
Estimated Mobile phone coverage – Please refer to the Ofcom Website.

Estimated Broadband Download speeds – please refer to the Ofcom Website.
Parking: Garage & Driveway
Restrictions: There are restrictive covenants in the title, details available on request.
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

Rights & Easements- None
Flood risk – Very low risk
Coastal Erosion - NA
Protected Trees – NA
Conservation area – NO
Planning Permission – NA
Accessibility – The property has not been altered for accessibility
Mining Area – Historical mining area
Selective License Area – No.

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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