5 bedroom terraced house for sale

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
-Spacious Three Bedroom Maisonette with generous living accommodation and private yard.
-Let to the same tenant for over 10 years, demonstrating stability and reliability.
-Current rent: £595pcm.

48B Derwent Street
- Two Bedroom First Floor Flat
-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.


IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.

QCO250343/2