2-bedroom flat · DH8 5EH
Listing removedListed 312 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A well-presented, modern and comparatively spacious first floor flat, with a garage, parking space and two double bedrooms, conveniently situated in Consett town centre.
Built in 1996, by reputable local builder Kevin Moody, as one of four self-contained flats, the property has gas central heating (via combi. boiler) and UPVC double glazing.
The ground floor entrance lobby has stairs up to the first floor accommodation, which comprises: hall, living room with bay window, fitted breakfasting kitchen, two good double bedrooms one of which having a large storage cupboard and a bathroom.
The garage is situated to the rear of the building, just across from the entrance to the flat, with the allocated parking space located beside the garage block.
The flat is situated within the centre of Consett, close to local shops and facilities, including the bus station off Victoria Road, which provides public transport links to the outlying villages and other major towns such as Chester-le-Street and Stanley, and further to the regional centres of Durham and Newcastle, which are both within 14 miles.
The property is leasehold, with a peppercorn rent and the remainder of a 999-year lease that began on 1st July 1995. There is no service or maintenance charge applicable.
PART A Local Authority – Durham County Council Council Tax Band – A Tenure – Leasehold, peppercorn ground rent.
PART B Property Type – First Floor Flat Property Construction – Standard Number & Types of Rooms – Please refer to the details and floorplan, all measurements taken being the maximum dimensions available between internal walls Electricity supply – Mains Water Supply – Mains- Metered Sewerage – Mains Heating - Gas Fixtures, Fittings & Equipment- As seen Estimated Mobile phone coverage – Please refer to the Ofcom Website - Estimated Broadband Download speeds – please refer to the Ofcom Website – PART C Building Safety – (The Vendor is not aware of any Building Safety issues.
However, we would recommend that the purchaser engages the services of a chartered surveyor to confirm) Restrictions – Covenants which affect the property are contained within the Land Registry Title Register which is available for inspection.
Selective licencing area – The Property is in a selective licencing area. Article 4 Planning Restricted area - The Property is not in an Article 4 Planning Restricted area.
Rights & Easements- There property has rights and easements.
Flood risk – Very Low Coastal Erosion – n/a Planning Permission – ***no planning applications in the locality*** Accessibility/Adaptations – None Mining Area – Coal Mining Reporting Area, further searches may be required.
No other Material Information disclosures have been made by the vendor.
This information has been compiled in good faith using resources readily available online and by enquiry of the vendor prior to marketing.
However, such information could change after compilation of the data, so J W Wood cannot be held liable for any changes post compilation or any accidental errors or omissions.
Furthermore, J W Wood are not legally qualified and conveyancing documents are often complicated, necessitating judgement on our part about which parts are “Material Information” to be disclosed.
If any information provided, or other matter relating to the property, is of particular importance to you, please do seek verification from a legal advisor before committing to expenditure.
HMRC supervises the legal obligation for all estate agents to conduct identity checks on their customers, this includes buyers when their offer is accepted.
This must be completed, per purchaser, who in the transaction will result in being the legal owner(s) of the property.
There is a £30 (inc VAT) administration fee per individual purchaser, for these checks
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About Briton Terrace, Consett, County Durham, DH8
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