2-bedroom terraced house · DH8 7QN
Sold STCReduced £10k (−10.5%) on 24 MayListed 219 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
NO ONWARD CHAIN. This extended end-of-link home in Leadgate occupies a desirable corner plot and presents a fantastic opportunity for those looking to create a versatile family residence.
The property comprises two first-floor bedrooms and benefits from a substantial ground-floor side extension, offering an additional reception room or a potential third bedroom with ensuite shower.
Set within a generous wrap-around garden, the home provides scope for refurbishment, allowing buyers to truly personalise the space.
With no onward chain, this property is an exciting prospect for families seeking a flexible layout in a convenient location, just a short walk to Our Lady & St Joseph's Catholic Primary School.
Viewing of this property comes highly recommended to appreciate the accommodation on offer. To schedule an appointment, please call the office today.
Leadgate is a small village set within the larger town of Consett, with a selection of local stores.
Consett town offers many amenities, including supermarkets, doctor surgery, cafes, restaurants/bars, sports facilities, and a fantastic range of schools from Nursery to Senior education.
It also has a bus station with great transport links to Newcastle and Durham, both of which are approximately fourteen miles away.
Council Tax Band: A (Durham CC) Tenure: Freehold Kitchen 2.02m x 4.0m Pantry Lounge 3.93m x 4.03m Lobby Reception Room 2 4.24m x 3.54m Shower Room 1.8m x 3.35m FIRST FLOOR: Landing Bathroom 1.71m x 1.81m Bedroom 2 2.86m x 3.15m Bedroom 1 3.19m x 3.66m Externally Garden Please note Agents Note to Purchasers: We strive to ensure all property details are accurate, however, they are not to be relied upon as statements of representation or fact and do not constitute or form part of an offer or any contract.
All measurements and floor plans have been prepared as a guide only.
All services, systems and appliances listed in the details have not been tested by us and no guarantee is given to their operating ability or efficiency.
Please be advised that some information may be awaiting vendor approval.
Please note Submitting an Offer: Please note that all offers will require financial verification including mortgage agreement in principle, proof of deposit funds, proof of available cash and full chain details including selling agents and solicitors down the chain.
To comply with Money Laundering Regulations, we require proof of identification from all buyers before acceptance letters are sent and solicitors can be instructed.
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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All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 Oak Terrace, Leadgate
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