Property · DH8 5QA
Sold STCListed 494 days
Opportunity summary
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About
FOR SALE VIA ONLINE AUCTION: terms and conditions apply.
Link to bid: auction.bradleyhall.co.uk/lot/details/160056 LOCATION The subject property is located on Church St, Consett, which is situated in the town centre.
The A691 and A692 and situated in close proximity to the property, the former connecting Consett with Durham and the latter providing a direct connection to Newcastle and the A1(M) in the north.
DESCRIPTION The subject property comprises of a brick-built, mixed-use property with three commercial units to the ground floor and 5 flats to the first floor.
The ground floor units are currently occupied by Cash Converters, a barber shop and a deli. There is off street parking opposite the property.
ACCOMMODATION We calculate the approximate net/gross internal floor areas to be as follows: Commercial Units Unit 1 44.37 m² 478 ft² Unit 2 189.10 m² 2,036 ft² Unit 3 46.58 m² 501 ft² Residential Units Flat 1 60.00 m² 646 ft² Flat 2 49.00 m² 527 ft² Flat 3 58.00 m² 624 ft² Flat 4 40.00 m² 431 ft² Flat 5 63.00 m² 678 ft² Total 551.23 m² 5,934 ft² EPC RATING Flat 1 D Flat 2 D Flat 3 D Flat 4 D Flat 5 E Unit 1 B Unit 2 B Unit 3 B RATING ASSESSMENT Description RV Estimated Rates Payable Hairdressing Salon & Premises £6,100 £3,043.90 Shop & Premises £15,000 £7,485.00 Shop & Premises £6,600 £3,293.40 TENANCY SCHEDULE Commercial Units Rent (Per Annum) Unit 1 £9,997 Unit 2 £15,520 Unit 3 £9,864 Residential Units Rent (Per Annum) Rent (Per Month) Flat 1 £4,400 £370.00 Flat 2 £4,800 £400.00 Flat 3 £4,368 £364.00 Flat 4 £3,768 £314.00 Flat 5 £3,996 £333.00 Total £56,713 Tenure: Freehold | Council Tax Band: A | EPC Rating Band: TBC| Limited mobile phone coverage | Superfast Broadband available | Mains water, electricity, gas and drainage connected
Value & comps
No previous sales on record.
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Returns
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Archie refurb estimate: a Pro feature
0.0% below starting price
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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 Church Street, Consett, DH8
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