Lilac Place, Consett, DH8 7RD

Welcome to Lilac Place, DH8, a three-bedroom property offering excellent potential for investors or buyers looking for a refurbishment project with strong long-term returns.

Refurbishment & Investment Potential: This property presents an exciting refurbishment project.

With some modernisation, it has the potential to become a strong investment, capable of generating an estimated 9% yield once refurbished.

Its layout and bedroom configuration make it well-suited to the rental market, offering scope to enhance rental income.

Prime Location: Situated in a practical and well-connected area, the property is just a 6-minute drive from Consett Park, offering scenic walking routes and green open space, and an 8-minute drive from Shotley Bridge Hospital.

There are multiple bus stops nearby, making day-to-day travel straightforward.

The property also benefits from easy access to key road links connecting to Consett, Durham, and surrounding towns, ideal for commuters and tenants alike.

Energy Efficiency: The property benefits from an EPC rating of C, providing a solid level of energy efficiency and helping to keep running costs manageable, an attractive feature for both investors and future occupiers.

Upon entering the property, you are welcomed into a spacious living room, featuring a fireplace that acts as a focal point to the room, along with a large window allowing plenty of natural light to flow through.

Leading on from here is a second reception room, ideal for use as a dining area or additional living space.

To the rear of the property is the kitchen, offering ample storage with both wall and base units.

The kitchen includes a built-in oven, hob, and extractor fan, along with space for white goods such as a washing machine or dishwasher.

Upstairs, the property offers three bedrooms, comprising two double bedrooms and one single bedroom, which could also be used as a home office or study.

The bathroom is fitted with a bath, a detachable shower head and sink, alongside a separate WC, adding practicality for family living or shared occupancy.

Externally, the property benefits from an enclosed front garden and a spacious enclosed rear garden, providing private outdoor space. There is also on-street parking available.

Lilac Place is well-positioned for everyday convenience, with easy access to local amenities, transport links, and green spaces.

With nearby bus routes, quick access to Consett town centre, and strong road connections to neighbouring areas, this location continues to appeal to both homeowners and tenants, further strengthening its investment credentials.

Council Tax Band: A (Durham County Council) Tenure: Freehold