Summary - Derwent Street, Blackhill, Consett, Durham, DH8 DH8 8LZ
5 bed 2 bath Terraced
Freehold Victorian pair of flats offering immediate income and value-add potential at auction.
Freehold terraced building comprising two self-contained flats
A rare central Consett investment: two self-contained flats offered together as a freehold terraced building. Combined current rent is £1,095pcm (48A: £595pcm; 48B: £500pcm) with advertised potential for a gross yield above 10% at the guide price of £100,000. Both flats hold EPC rating C and Council Tax Band A, supporting lettability to budget tenants.
The property is Victorian-built with a sandstone/limestone facade, double glazing (installed post-2002) and gas central heating. Accommodation comprises a three-bedroom maisonette with private yard and a two-bedroom first-floor flat; the maisonette has produced stable income from the same tenant for over ten years, indicating letting resilience.
Key considerations: the building sits in a deprived area with generally slow broadband and small-to-medium rooms that will suit standard rental demand rather than premium lets. The fabric is traditional and assumed to lack wall insulation, so energy upgrades and internal modernisation would likely increase rental value. The sale will be by auction on 6–7 October; a £3,600 administration fee is payable on exchange and there are two separate titles offered together.
This is a hands-on buy-to-let for investors targeting immediate income and scope for value-add through active management, modest refurbishment, and rent uplift. Accepts typical risks of older terraced stock in an area with average crime and street parking only.
5 bedroom block of apartments for sale in 48A & 48B Derwent Street, Consett, County Durham DH8 8LZ, DH8 — £100,000 • 5 bed • 2 bath • 1980 ft²
3 bedroom property for sale in Gladstone Street, Consett, Durham, DH8 6AQ, DH8 — £120,000 • 3 bed • 2 bath • 1214 ft²
Property for sale in Church Street, Consett, DH8 — £449,950 • 1 bed • 1 bath • 5934 ft²
3 bedroom terraced house for sale in Plantation Street, Consett, DH8 — £88,000 • 3 bed • 1 bath • 980 ft²
2 bedroom maisonette for sale in Hartington Street, Consett, Durham, DH8 — £45,000 • 2 bed • 1 bath • 625 ft²
5 bedroom flat for sale in Middle Street, Consett, DH8 — £80,000 • 5 bed • 1 bath • 1388 ft²
