Summary - 38a, Middle Street, CONSETT DH8 5QJ
5 bed 1 bath Flat
**Standout Features:**
- Two interconnected flats: Flat 38a (129 sq.m.) & Flat 40a (84 sq.m.)
- Total of 5 bedrooms and 1 bathroom
- Auction sale scheduled for Monday, 21st July 2025
- Leasehold tenure with estimated rental income of £500-£600 per flat
- Excellent mobile signal and central urban location
**Concerns:**
- High crime rate in the area
- Property requires substantial renovation (kitchen in particularly poor condition)
- Broadband speeds are slow
Located in a vibrant urban neighborhood of Consett, this unique property features two interconnected leasehold flats ideal for savvy investors seeking long-term returns. Spanning a total of 1,388 sq. ft. across five bedrooms, the flats are priced competitively at £80,000 and hold potential for rental income between £1,000 and £1,200 monthly. While the interior calls for significant renovations—including a modernized kitchen and overall cleaning—this investment offers remarkable upside potential in a market where property prices remain accessible.
Although the neighborhood carries a high crime rate, abundant local amenities—from grocery stores to entertainment venues—are within walking distance, making it a convenient choice for city living. Future tenants will appreciate the excellent mobile connectivity, and with auction bidding starting soon, this property won’t stay on the market for long. Don’t miss out on this promising investment opportunity!
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