5 bedroom block of apartments

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

Administration Fee: £3600 inc VAT payable on exchange of contracts.

Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.