2-bedroom flat · DH8 5SR
Listing removedListed 140 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Apartment 14, Park Place, Park Road, Consett, DH8 5SR £695 PCM | Two Bedrooms | Ground Floor Apartment | Allocated Parking A spacious and well-presented two-bedroom ground floor apartment situated within the attractive and sought-after Park Place development in Consett.
Occupying a convenient position close to local amenities, transport links and Consett town centre, this impressive apartment offers generous accommodation with high ceilings, large windows and an abundance of natural light throughout.
The accommodation briefly comprises a welcoming entrance hallway, a spacious lounge/dining room, a fitted kitchen with integrated oven, hob and extractor hood, two well-proportioned bedrooms and a modern bathroom suite.
Externally, the development benefits from allocated resident parking and secure communal entrance access.
The attractive stone-built building provides excellent kerb appeal and a well-maintained environment.
This property would ideally suit professionals, couples or those looking to downsize whilst retaining spacious accommodation in a convenient location.
Key Features * Two-bedroom ground floor apartment * Spacious lounge/dining area * Fitted kitchen with integrated appliances * Modern bathroom suite * Gas central heating * Double glazing * Secure communal entrance * Allocated parking * Attractive stone-built development * Convenient location close to amenities and transport links Location Park Place is ideally situated on Park Road, providing easy access to Consett town centre, supermarkets, leisure facilities, schools and excellent road links to Durham, Newcastle and the surrounding areas.
Available Immediately
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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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
FAQ
About Park Place, Park Road, Blackhill, Durham
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