2-bedroom flat · DH8 8NA
For saleListed 182 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Seven Keys welcomes to the market this two bedroom first floor flat, being sold with a sitting tenant as an investment opportunity. The current tenant is paying £400pcm and has no history of arrears.
The property is briefly comprising entrance hallway with stairs leading to the first floor, large living room and open kitchen with a number of wall and base units.
There are two bedrooms and a family bathroom consisting of freestanding bath with separate corner shower, low level toilet and pedestal wash basin.
The property is owned on a leasehold basis with a term of 125 years from the 31st of October 2005 (circa 104 years remaining).
Consett is a popular and well-connected town within County Durham, ideally positioned approximately 14 miles south-west of Newcastle upon Tyne.
The town offers a blend of local charm and everyday convenience, making it an attractive location for a wide range of buyers.
The property is situated on Turner Street, a relatively quiet residential road and conveniently located just off Derwent Street, providing easy access to the town centre and surrounding areas.
A good selection of local amenities can be found close by, including a Tesco Express, Shotley Bridge Hospital and Consett Leisure Centre, ensuring excellent facilities for shopping, healthcare and leisure.
For commuters, Newcastle Central Station is approximately 15 miles away and provides excellent rail connections, including direct services to London King’s Cross with journey times of around three hours.
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
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FAQ
About 20 St Oswins Place, Consett
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