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The Close, Shotley Bridge, Consett, DH8 - Image 1
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The Close, Shotley Bridge, Consett, DH8

North East

£170,000
Listed on 17/10/2025

Property Details

Bedrooms
1
Type
Detached house
Area
626 sqft

Description

This detached bungalow, nestled within a desirable cul-de-sac, presents a promising opportunity for renovation and investment. While the property is currently equipped with uPVC double glazing and gas central heating, it does require some updating to realize its full potential. The layout includes an entrance porch leading into a hallway, a lounge, a kitchen diner, one double bedroom, and a bathroom. The exterior features a spacious driveway at the front and well-established gardens both at the front and rear, providing ample outdoor space. With convenient access to local shopping and recreational amenities in Shotley Bridge and Blackhill, as well as proximity to Consett town centre and key road links to regional hubs like Durham and Tyneside, this property offers strategic advantages for future resale or personal enjoyment. Vacant possession with no forward chain simplifies the purchase process for prospective buyers looking to invest in this area.

Investment Analysis

(DH8 area)

Above Market Value

This property is priced +72.0% above area average per sq ft

+72.0%
This Property
£272/sq ft
Area Average
£158/sq ft
Avg Rent (weekly)
£177
Avg Yield
5.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£108,696
10% above area average per sq ft
Potential ROI
-45.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
46
Average per month
Market Turnover
61%
Properties sold annually

Local Market Trend (DH8)

Area prices are stable by -1.5% over the last 12 months
3 year growth: +14.0%
5 year growth: +21.0%
Investment Disclaimer: Analysis based on DH8 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

The Close, Shotley Bridge, Consett, DH8
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£613
Based on a loan of £127,500 over 30 years at 4.06% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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