Auction Commencing on Monday 07th October at 1pm and ending 24 hours later on Tuesday 08th October at 1pm with Auction House North East
Please register to bid via our website - auctionhouse.co.uk/northeast
Description
Auction Commencing on Monday 07th October at 1pm and ending 24 hours later on Tuesday 08th October at 1pm with Auction House North East
Please register to bid via our website - auctionhouse.co.uk/northeast
Ideal Buy-to-Let Opportunity in the Heart of Consett.
Investment Opportunity – Two Self-Contained Flats
An excellent opportunity to acquire a pair of self-contained flats located in Consett town centre, offering strong rental potential and immediate income.
48A Derwent Street
-Two-bedroom first floor flat.
-Let to the same tenant for over 10 years, demonstrating stability and reliability.
-Current rent: £595pcm.
48B Derwent Street
-Spacious three-bedroom maisonette with generous living accommodation, private yard space, and modern fixtures.
-Currently let at £500pcm.
-Potential to improve income stream with active management.
Location
Situated in the popular town of Consett, within walking distance of local shops, amenities, schools, and transport links. Consett is well-connected to Durham, Newcastle, and surrounding areas, making it a popular rental location.
Summary
-Two separate titles, offered together.
-Combined rental income of £1,095pcm when fully performing.
-Attractive investment with potential for over 10% gross yield.
-Ideal buy-to-let purchase with scope to add value through management and rental uplift.
EPC Ratings: Available on legal pack.
Tenure: Freehold
EPC Rating: C
Important Notice to Prospective Buyers
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Administration Charge
£3,600 inc vat payable upon the fall of the virtual gavel
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- Block of Apartments
- 5 Bedrooms
- Unconditional (Immediate Exchange)
Call the team on 0191 908 9691 for more information
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