1-bedroom flat · DH8 6AQ
Sold STCReduced £5k (−10%) on 5 SepListed 403 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Summary Great investment opportunity with this spacious one bedroom lower flat located in Consett. The current tenant i paying 550 per month and is looking to stay on in the property.
This property offers comfortable and convenient living. Upon entry, you are greeted by a hallway leading to a spacious bedroom.
The property features a modern three-piece bathroom suite with shower over and a bright, welcoming living room that flows seamlessly into the kitchen.
The kitchen is spacious and well-equipped, ideal for meal preparation, and provides direct access to the rear yard area. This lovely flat is now available for rent.
For more information or to arrange a viewing, please contact Consett on Council Tax Band: A Tenure: Leasehold Length of Lease: 999 Lounge (4.6m x 3.5m) Rear aspect UPVC double-glazed window, radiator, and carpeted flooring, providing a warm and comfortable space Kitchen (3.5m x 2.1m) Fitted with rolled-edge worktops, sink with drainer, and space for white goods.
Includes a combi boiler, extractor fan, side aspect UPVC double-glazed window, and a UPVC door leading to the rear yard.
Bathroom (3.6m x 2.4m) Fitted with a corner bath with overhead shower, wash basin, and WC, complemented by a rear aspect double-glazed window providing natural light and ventilation.
Bedroom (4.2m x 3.9m) Front aspect UPVC double-glazed window, radiator, and carpeted flooring, creating a bright and welcoming space.
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
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FAQ
About 23, Gladstone Street, Consett
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