3 Bed Terraced House, Motivated Seller, Consett, DH8 5TD, £100,000

Laburnum Avenue, Blackhill, Consett, Durham, DH8 5TD - 1 views - a month ago

Motivated
BTL
ROI: 9%
~93 m²
+12 photos

ValuationUndervalued

Sold Prices£76K - £216.5K
Sold Prices/m²£628/m² - £2.5K/m²

 

 

Square Metres

~93 m²
Price/m²£1.1K/m²

Value Estimate

£115,320
BMV15%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£25,000

Stamp Duty & Legal Fees

£6,200

Total Cash In

£31,200

 

 

Cash Out

 

Rent Range

£525 - £995

Rent Estimate

£708

Running Costs/mo

£474

Cashflow/mo

£234

Cashflow/yr

£2,807

ROI

9%

Gross Yield

8%

Local Sold Prices

50 sold prices from £76K to £216.5K, average is £126.8K. £628/m² to £2.5K/m², average is £1.2K/m².

PriceDateDistanceAddressBeds 
£150K07/230 mi26, Laburnum Avenue, Consett, County Durham DH8 5TD3
£80K08/210.02 mi31, Dixon Street, Consett, Durham DH8 5UE3
£97.5K12/220.02 mi32, Dixon Street, Consett, County Durham DH8 5UE3
£135K05/210.15 miCory House, Brockwell Lane, Consett, County Durham DH8 5UP3
£84K02/210.16 mi29, Laburnum Avenue, Consett, Durham DH8 5SZ3
£78K11/210.17 mi12, Roger Street, Consett, County Durham DH8 5SX3
£130K11/210.17 mi13, Roger Street, Consett, Durham DH8 5SX3
£76K10/210.18 mi185, Durham Road, Blackhill, Consett, County Durham DH8 5UQ3
£105K03/230.18 mi185, Durham Road, Blackhill, Consett, County Durham DH8 5UQ3
£100K11/200.2 mi29, Thomas Street, Blackhill, Consett, Durham DH8 0AB3
£150K07/230.21 mi5, Clarence Gardens, Consett, County Durham DH8 5TU3
£126K03/210.24 mi6, George Street, Blackhill, Consett, County Durham DH8 0AE3
£135K04/210.24 mi28, George Street, Blackhill, Consett, Durham DH8 0AE3
£215K01/210.3 mi11, Kings Road, Consett, County Durham DH8 0AH3
£169K04/230.33 mi50, Ritsons Road, Consett, County Durham DH8 0AL3
£127.5K12/200.35 mi10, The Promenade, Consett, Durham DH8 5NJ3
£96K05/230.35 mi98, Fenwick Way, Consett, County Durham DH8 5FE3
£125K01/210.36 mi37, Aynsley Terrace, Consett, Durham DH8 5NQ3
£115K12/200.39 mi4, The Crescent, Consett, County Durham DH8 5JE3
£96K02/210.39 mi85, The Crescent, Consett, County Durham DH8 5JE3
£160K04/210.4 mi21, St Andrews Road, Consett, Durham DH8 8NX3
£138K03/230.4 mi43, Fenwick Way, Consett, County Durham DH8 5FD3
£104.5K02/210.41 mi7, Chartwell Place, Consett, County Durham DH8 5JJ3
£88.5K05/210.44 mi6, Barr House Avenue, Consett, County Durham DH8 5NE3
£135K04/210.44 mi268, Medomsley Road, Consett, County Durham DH8 5JW3
£93K12/200.46 mi37, St Marys Crescent, Consett, County Durham DH8 8PA3
£82K09/210.46 mi298, Medomsley Road, Consett, County Durham DH8 5JP3
£110K12/200.46 mi302, Medomsley Road, Consett, County Durham DH8 5JP3
£91K03/210.48 mi3, Cragside Court, Consett, Durham DH8 8TG3
£153.5K10/210.48 mi171, Medomsley Road, Consett, Durham DH8 5HU3
£137K12/210.5 mi135, Medomsley Road, Consett, County Durham DH8 5HL3
£183K04/230.51 mi1, Fairways, Consett, County Durham DH8 5NT3
£140K06/210.52 mi28, Elsdon Gardens, Consett, Durham DH8 5NS3
£169.9K12/220.52 mi27, Elsdon Gardens, Consett, County Durham DH8 5NS3
£93K06/210.52 mi5, Valley Gardens, Blackhill, Consett, County Durham DH8 8RQ3
£115K12/200.52 mi29, Valley Gardens, Blackhill, Consett, Durham DH8 8RQ3
£135K05/230.52 mi20, Romany Drive, Consett, County Durham DH8 5XL3
£101K04/210.53 mi9, Clarendon Street, Consett, Durham DH8 5LS3
£180K11/200.53 mi42, Stuart Court, Consett, Durham DH8 5GA3
£155K07/210.53 mi53, Stuart Court, Consett, Durham DH8 5GA3
£214K06/210.54 mi30, Green Street, Consett, Durham DH8 5LP3
£78.5K10/210.55 mi16, High Ridge, Consett, County Durham DH8 8TJ3
£183K11/200.56 mi7, Balmoral Grove, Consett, Durham DH8 6DE3
£168.5K06/230.57 mi80, Benfieldside Road, Consett, County Durham DH8 0SD3
£105K03/210.57 mi53, Rosedale Avenue, Consett, County Durham DH8 0DZ3
£90K02/230.58 mi11, Chaytor Road, Consett, County Durham DH8 8QA3
£140K03/230.59 mi8, Rosedale Avenue, Consett, County Durham DH8 0DY3
£200K04/210.61 mi79, Cutlers Hall Road, Blackhill, Consett, Durham DH8 8RF3
£216.5K06/210.61 mi22, Priory Close, Consett, Durham DH8 0SA3
£95.5K12/200.62 mi10, Dale Court, Consett, Durham DH8 5DJ3

Local Rents

15 rents from £525/mo to £995/mo, average is £725/mo.

RentDateDistanceAddressBeds 
£71512/240.21 mi-3
£72501/250.36 mi-3
£79501/250.45 mi-3
£72512/240.49 mi-3
£62512/240.49 mi-3
£77502/250.56 mi-3
£72503/250.58 mi-3
£75012/240.62 mi-3
£77003/250.62 mi-3
£69512/240.64 mi-3
£52504/250.67 mi-3
£90012/240.81 mi-3
£99512/240.87 mi-3
£75012/240.9 miSteading Court, Consett3
£72512/241.01 miSpiro Court, Consett, Durham, DH83

Local Area Statistics

Population in DH8

38,324

Population in Consett

38,379

Town centre distance

0.44 miles away

Nearest school

0.50 miles away

Nearest train station

6.67 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+9%

Sales demand

Seller's market

Capital growth (5yrs)

+14%

Property History

Listed for £100,000

April 3, 2025

Floor Plans

Description

  • Council Tax Band B, Freehold +
  • Spacious Living Room +
  • Separate Dining Room +
  • Fitted Kitchen +
  • Three Good Proportionate Bedrooms +
  • Shower Room +
  • Rear Yard +
  • Viewing Advised +

This charming terraced home in Consett offers a warm and inviting entrance, leading into a spacious living room perfect for relaxing or entertaining. The fitted kitchen and separate dining room create a functional and comfortable space for family meals. With three generously sized bedrooms, there’s plenty of room for everyone, while the three-piece bathroom with a shower, hand wash basin, and WC adds practicality. Outside, the property also features a rear yard, ideal for outdoor enjoyment. Perfect for those looking for a home to make their own.

This terraced home is located in Consett with close proximity to a range of amenities, schools, shopping facilities, food/drink establishments and more. The area also offers excellent road and transport links for travel both locally and further afield.

The accommodation briefly comprises a welcoming entrance way, a spacious living room and a fitted kitchen and a separate dining room.

To the first floor is an inviting landing area through to three well-proportioned bedrooms and a three-piece bathroom with a shower combination, a hand wash basin and a WC.

Externally, the property benefits from a rear yard.

This home is an excellent find. We anticipate a high amount of interest and as such we would recommend that any interested buyers inquire to arrange a viewing at the earliest convenience to ensure the opportunity is not missed.

Premium Fast Sale

The innovative Premium Fast Sale Plus method from Springbok Properties is a secure and straightforward way to buy property. It works like a typical sale, with a number of added benefits to the buyer.

Benefits

o Carefully implemented security measures
o A speedy process
o Realistically priced properties
o A Buy it Now option (ask for further information on this feature from our advisors)
o A significantly reduced chance of fall-throughs
o No risk of being "gazumped"
o The full focus of our highly motivated team

Springbok Properties' Premium Fast Sale Plus puts you in the driving seat thanks to our fast and secure methods.

All properties are competitively priced and carefully managed by motivated sellers for a quick, stress-free transaction.

Deposit

Sales can be secured with a reservation deposit of £2,500. This forms part of the final purchase price and is NOT an extra cost.

This deposit ensures that the property is taken off the market as soon as a sale is agreed. It is then exclusively reserved for you, eliminating gazumping, time wasting and financial loss.

An administration fee of £396 is required in order to draw up an exclusive legally binding contract between the buyer and seller. This gives the buyer exclusive rights to purchase within a pre-agreed timeframe.

Exclusivity

Following the payment of the above amount, Springbok Properties will facilitate a fixed exclusivity period (approximately 12 weeks). During this time, surveys should be arranged and preparations made for the exchange of contracts. The property will be reserved, so there will be no risk of gazumping.

Process

Our Premium Fast Sale Plus follows the below process:

STEP 1 - Register your interest
STEP 2 - Prepare your finances for the purchase
STEP 3 - Arrange a viewing
STEP 4 - Make an offer
STEP 5 - Secure your sale using our secure system
STEP 6 - Exchange and complete

Don't miss out on the chance to purchase this property. Call us today for further information and to arrange a viewing.

If you're interested in this property, we urge you to contact us immediately to arrange an early viewing and get the process started. This will help you to avoid missing out on this opportunity.

Springbok Properties' innovative Premium Fast Sale Plus is a secure and straightforward way to buy property.

Please note: to ensure the highest level of customer service, all calls may be recorded and monitored for training and quality purposes.

Please call us now to book an appointment.

We highly recommend early viewing as this property is priced relatively low and is likely to generate quite an interest.

Please call us now to book an appointment.

Call Recording

Please note to ensure the highest level of customer service, all calls may be recorded and monitored for training and quality purposes.

Disclaimer

Springbok Properties for itself and the Vendors or lessors of properties for whom they act give notice that:

The details shown on this website are a general outline for the guidance of intending purchasers, and do not constitute, nor constitute part of, an offer or contract or sales particulars. All descriptions, dimensions, references to condition and other details are given in good faith and are believed to be correct but any intending purchasers should not rely on them as statements or representations of fact but must satisfy themselves by inspection, searches, survey, enquiries or otherwise as to their correctness. We have not been able to test any of the building service installations and recommend that prospective purchasers arrange for a qualified person to check them before entering into any commitment. Further, any reference to, or use of any part of the properties is not a statement that any necessary planning, building regulations or other consent has been obtained. All photographs shown are indicative and cannot be guaranteed to represent the complete interior scheme or items included in the sale. No person in our employment has any authority to make or give any representation or warranty whatsoever in relation to this property.

TENURE

To be confirmed by the Vendor's Solicitors

Note

The price given is a marketing price and not an indication of the property's market value. The vendor like any seller is looking to achieve the maximum price possible. Hence, by making an enquiry on this property, you recognise and understand that this property is strictly offers in excess of the marketing price provided.

How to View this Property

Viewing is strictly by appointment please call us now for bookings.

AML REGULATIONS & PROOF OF FUNDING: Any proposed purchasers will be asked to provide identification and proof of funding before any offer is accepted. We would appreciate your co-operation with this to ensure there are no delays in agreeing the sale.

Agent Details

Springbok Properties, Nationwide

0161 416 6302

Next Steps?

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