3 Bed Terraced House, Single Let, Consett, DH8 9QL, £114,950

16 Consett Road, Consett, DH8 9QL - 7 months ago

Sold STC
BTL
ROI: 6%
~84 m²
+15 photos

ValuationOvervalued

Sold Prices£48K - £231K
Sold Prices/m²£808/m² - £2K/m²

 

 

Square Metres

~84.11 m²
Price/m²£1.4K/m²

Value Estimate

£109,719

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£28,738

Stamp Duty & Legal Fees

£6,948

Total Cash In

£35,685

 

 

Cash Out

 

Rent Range

£625 - £995

Rent Estimate

£713

Running Costs/mo

£522

Cashflow/mo

£191

Cashflow/yr

£2,294

ROI

6%

Gross Yield

7%

Local Sold Prices

40 sold prices from £48K to £231K, average is £107.5K. £808/m² to £2K/m², average is £1.3K/m².

PriceDateDistanceAddressBeds 
£75K02/230.12 mi31, The Bye, Consett, County Durham DH8 8AJ3
£80K04/230.18 mi52, Thornfield Road, Consett, County Durham DH8 8AY3
£70K05/230.23 mi17, Thornfield Road, Consett, County Durham DH8 8AX3
£80.5K05/210.25 mi62, Arkless Grove, The Grove, Consett, County Durham DH8 8AB3
£100K05/230.3 mi37, Cedar Gardens, Consett, County Durham DH8 8AU3
£77.5K10/200.4 mi4, Kent Road, Consett, County Durham DH8 8HN3
£80K06/230.47 mi48, Surrey Crescent, Consett, County Durham DH8 8HU3
£95K04/210.61 mi67, Dunelm Road, Consett, County Durham DH8 8HR3
£71K10/200.7 mi23, Norfolk Road, Consett, County Durham DH8 8DD3
£87K12/220.7 mi29, Norfolk Road, Consett, County Durham DH8 8DD3
£105K11/200.71 mi12, Generation Place, Consett, Durham DH8 5XT3
£98K12/210.73 mi143, Surrey Crescent, Consett, Durham DH8 8DF3
£110K02/230.75 mi15, Lincoln Road, Consett, County Durham DH8 8EB3
£100K04/230.76 mi6, Derby Drive, Consett, County Durham DH8 8DA3
£135K05/230.78 mi20, Romany Drive, Consett, County Durham DH8 5XL3
£118.5K04/230.78 mi12, The Green, Consett, County Durham DH8 5BG3
£113K07/210.78 mi6, The Green, Consett, County Durham DH8 5BG3
£95.5K12/200.79 mi10, Dale Court, Consett, Durham DH8 5DJ3
£138K03/230.8 mi43, Fenwick Way, Consett, County Durham DH8 5FD3
£135K02/230.81 mi62, Berry Edge Road, Consett, County Durham DH8 5DS3
£48K06/230.82 mi9, York Avenue, Consett, County Durham DH8 8DS3
£86.5K05/230.82 mi1, York Avenue, Consett, County Durham DH8 8DS3
£126K05/230.83 mi21, Cumberland Road, Consett, County Durham DH8 8DW3
£180K11/200.84 mi42, Stuart Court, Consett, Durham DH8 5GA3
£155K07/210.84 mi53, Stuart Court, Consett, Durham DH8 5GA3
£103.5K10/200.85 mi12, Wesley Terrace, Consett, County Durham DH8 9QB3
£96K05/230.85 mi98, Fenwick Way, Consett, County Durham DH8 5FE3
£85K12/220.85 mi5, Lancaster Road, Consett, County Durham DH8 8DR3
£129.9K12/220.89 mi57, Warwick Avenue, Consett, County Durham DH8 8DP3
£80K07/210.89 mi18, Park Terrace, Castleside, Consett, Durham DH8 9QF3
£162K01/230.9 mi26, Wesley Gardens, Consett, County Durham DH8 9QE3
£145K01/230.9 mi82, Essex Avenue, Consett, County Durham DH8 8DG3
£145K06/210.92 mi12, Hillgarth, Castleside, Consett, Durham DH8 9QD3
£117K06/230.93 mi6, Palmerston Street, Consett, County Durham DH8 5RF3
£200K11/220.95 mi19, Middleton Close, Consett, County Durham DH8 7UQ3
£122.5K09/210.96 mi63, Langdon Close, Consett, Durham DH8 7NG3
£115.5K12/200.96 mi43, Langdon Close, Consett, Durham DH8 7NG3
£214.5K02/230.96 mi14, Middleton Close, Consett, County Durham DH8 7UQ3
£204K06/230.99 mi34, Grassholme Close, Consett, County Durham DH8 7UL3
£231K08/230.99 mi14, Grassholme Close, Consett, County Durham DH8 7UL3

Local Rents

16 rents from £625/mo to £995/mo, average is £773/mo.

RentDateDistanceAddressBeds 
£99512/240.36 mi-3
£75012/240.72 mi-3
£77003/250.72 mi-3
£72512/240.78 miSpiro Court, Consett, Durham, DH83
£71512/241 mi-3
£72503/251.01 mi-3
£62512/241.06 mi-3
£79512/241.08 miAskrigg Close, Consett3
£77502/251.12 mi-3
£90012/241.14 mi-3
£80001/251.17 mi-3
£79012/241.18 mi-3
£79012/241.18 miDeepdale Drive, Consett, DH83
£72502/251.2 mi-3
£69512/241.22 mi-3
£79502/251.24 mi-3

Local Area Statistics

Population in DH8

38,324

Population in Consett

38,379

Town centre distance

0.98 miles away

Nearest school

0.20 miles away

Nearest train station

7.57 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+9%

Sales demand

Seller's market

Capital growth (5yrs)

+14%

Property History

Price changed to £114,950

November 13, 2024

Listed for £119,950

August 30, 2024

Floor Plans

Description

  • Mid Terrace Property +
  • 3 Bedrooms +
  • Balcony +
  • Council Tax Band A +
  • Rear Garden +
  • Garage +

Presenting this neutrally decorated terraced house for sale, located in an area rich with public transport links, nearby schools, local amenities, and outdoor activities such as nearby parks, walking routes and cycling routes. This property is a perfect fit for couples.

The house comprises three double bedrooms, a bathroom, a kitchen, a reception room and a separate garage. All bedrooms are well-lit with sunlight, offering a warm and welcoming atmosphere. Bedroom 1 and 2 are spacious, while Bedroom 3 benefits from built-in wardrobes and a balcony. The large bathroom is functional and well-maintained.

The kitchen is bathed in natural light, offering a pleasant space for cooking and dining. The reception room is a fantastic space for entertaining or relaxing, featuring large windows for ample natural light, a cosy fireplace, and a lovely view of the garden.

The property is in a council tax band A and has an EPC rating of D. It's a distinctive terraced property that provides a comfortable and convenient living environment. Its neutral decor allows you the freedom to put your personal stamp on the property, making it feel like home from the moment you move in.

This property is not just a house but a home filled with potential. With its superb location and features, it promises a lifestyle of convenience and comfort. Be sure not to miss out on this fantastic opportunity..

Agent Details

Hunters, Consett

01207 265957

Next Steps?

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