48A & 48B Derwent Street, Consett, County Durham, DH8 8LZ

Lot 23 · DH8 8LZ · Auction House North East · North East

£127,000guide price
10.3%gross yield
Residential10.3% gross yield
48A & 48B Derwent Street, Consett, County Durham, DH8 8LZ
Photo: Auction House North East catalogue

Pre-bid risk check

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Two signals already stand out. The £19 pack checks them against official sources, then adds planning, licensing, flood, sold-price context and our own repeat-lot history. It is not a legal opinion.

EPC C

No listing-level EPC red flag, subject to official certificate expiry and address match.

medium confidence, Auction listing enrichment

Freehold listed

The listing indicates freehold tenure. Confirm against title and special conditions.

medium confidence, Auction listing

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About this lot

5 Bed Apartment

Auction Commencing on Monday 07th October at 1pm and ending 24 hours later on Tuesday 08th October at 1pm with Auction House North East Please register to bid via our website - auctionhouse.co.uk/northeast Ideal Buy-to-Let Opportunity in the Heart of Consett. Investment Opportunity – Two Self-Contained Flats An excellent opportunity to acquire a pair of self-contained flats located in Consett town centre, offering strong rental potential and immediate income. 48A Derwent Street -Two-bedroom first floor flat. -Let to the same tenant for over 10 years, demonstrating stability and reliability. -Current rent: £595pcm. 48B Derwent Street -Spacious three-bedroom maisonette with generous living accommodation, private yard space, and modern fixtures. -Currently let at £500pcm. -Potential to improve income stream with active management. Location Situated in the popular town of Consett, within walking distance of local shops, amenities, schools, and transport links. Consett is well-connected to Durham, Newcastle, and surrounding areas, making it a popular rental location. Summary -Two separate titles, offered together. -Combined rental income of £1,095pcm when fully performing. -Attractive investment with potential for over 10% gross yield. -Ideal buy-to-let purchase with scope to add value through management and rental uplift. EPC Ratings: Available on legal pack. Tenure: Freehold EPC R…

From the Auction House North East listing. Read the full listing and legal pack →

Key facts

23Lot number
ResidentialUse class
FreeholdTenure
CEPC
£13K/yrPassing income

Recent sold prices nearby

11 registered sales in this postcode sector over the last two years, straight from HM Land Registry. What nearby properties actually sold for — not what they were guided at.

66 DE***** ST****DH8 8LZ£95,000
THE COACH HOUSE DU**** RO**DH8 8RS£121,000
THE COACH HOUSE DU**** RO**DH8 8RS£121,000

8 more sales with full addresses, sale dates and prices — including any prior sale of this exact lot.

Contains HM Land Registry data © Crown copyright and database right 2026, licensed under the Open Government Licence v3.0. Sales typically register 6–12 weeks after completion, so very recent transactions may not yet appear.

Renovation upside in DH8

Evidence from 136 properties in this postcode district that sold twice with material uplift — the signature of value-add work between sales.

+81.3%median uplift
£29,750typical value added
3.9 yearstypical hold period

See 136 example projects — real before/after sale pairs with postcodes, prices and dates. Plus the planning applications that likely explain each uplift.

Derived from 136 registered sale pairs in DH8 where the property gained ≥15% between two arms-length sales (HM Land Registry Price Paid data, OGL v3.0). The planning applications visible above may explain individual uplifts. Past performance is not a guarantee of future returns.

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