Summary - 48b, Derwent Street, CONSETT DH8 8LZ
5 bed 2 bath Block of Apartments
Immediate rental income with clear refurbishment upside in town centre.
Two self-contained flats sold together on separate titles
A compact investment packaged as two self-contained flats in central Consett, offered freehold and sold at auction. The pair comprises a two-bedroom first-floor flat (let to the same tenant for over 10 years) and a three-bedroom maisonette with private yard — current combined rent £1,095pcm, producing immediate income.
The buildings are Victorian stone mid-terrace units (circa 1900–1929) and present typical period characteristics alongside clear maintenance and upgrade opportunities. Walls are likely original sandstone/limestone with no insulation assumed; property notes indicate a need for modernisation and a risk of damp in places. EPC information is available in the legal pack and the stated rating is C.
This lot will be offered at auction with an administration fee of £3,600 (inc. VAT) payable on exchange and sold as two titles together. The location is town-centre, within walking distance of shops, schools and transport links, but sits within a deprived local area classification and a neighbourhood of ageing communities and social renters — factors that affect tenant mix and rent growth potential.
For an investor, this is a value-driven buy-to-let with existing income and scope for increased returns through active management, energy-efficiency upgrades and selective refurbishment. Buyers should budget for renovation, potential damp remedial work, wall insulation installation and auction-related fees when assessing total cost.
5 bedroom terraced house for sale in Derwent Street, Blackhill, Consett, Durham, DH8 — £100,000 • 5 bed • 2 bath • 1973 ft²
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