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48A & 48B Derwent Street, Consett... 5 bed block of apartments for sale
48A & 48B Derwent Street, Consett, County Durham DH8 8LZ
£100,000
48A & 48B Derwent Street, Consett, County Durham DH8 8LZ
£100,000
Our Summary
- Auction Commencing on Monday 07th October at 1pm and ending 24 hours later on Tuesday 08th October at 1pm with Auction House North EastPlease register to bid via our website - auctionhouse
- Investment Opportunity – Two Self-Contained FlatsAn excellent opportunity to acquire a pair of self-contained flats located in Consett town centre, offering strong rental potential and immediate income
- -Potential to improve income stream with active management
- -Attractive investment with potential for over 10% gross yield
- -Ideal buy-to-let purchase with scope to add value through management and rental uplift
Description
This property is an ideal buy-to-let opportunity in the heart of Consett, comprising two self-contained flats. The first floor flat at 48A Derwent Street has two bedrooms and is let to the same tenant for over 10 years, generating a current rent of £595 per month. The three-bedroom maisonette at 48B Derwent Street has a private yard space and modern fixtures, and is currently let at £500 per month. The combined rental income is £1,095 per month, offering an attractive investment potential with a gross yield of over 10%. The property is situated in a popular rental location, close to local shops, amenities, schools, and transport links, making it an excellent opportunity for investors looking to add to their portfolio.