Summary - 85 Sherburn Terrace DH8 6NE
4 bed 1 bath Terraced
Ready-to-let investment near Consett with strong income potential.
Two self-contained two-bed flats on one freehold title
A rare freehold investment: a mid-terrace property split into two self-contained two-bedroom apartments offered at auction. Both flats are vacant, benefit from gas central heating and double glazing, and sit within walking distance of Consett town centre and local amenities. Combined rental guidance in the listing is £1,200 pcm, giving strong gross income potential against the guide price.
The building dates from the early 20th century and shows signs of external and internal maintenance being needed; the front elevation and some fittings will benefit from attention. EPC Rating C is recorded for both flats (details in the legal pack). Buyers should note the property will be sold at auction and an administration fee of £3,600 (inc VAT) is payable on exchange; additional disbursements may apply as shown in the legal pack.
This lot is best suited to an investor seeking immediate letting income or someone planning light refurbishment to improve returns. The area supports readily accessible transport, schools and town-centre amenities, but has above-average crime and an ageing local demographic — factors to factor into management and tenanting strategy.
Prospective purchasers are advised the auction house has not personally inspected the property; services and appliances have not been tested. Review the legal pack and arrange a viewing to confirm condition, exact EPC paperwork and any outstanding costs before bidding.
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