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St. Marys Street, Blackhill, Consett, DH8 - Image 1
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St. Marys Street, Blackhill, Consett, DH8

North East

£200,000
Listed on 24/10/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This two-storey detached sandstone building presents a substantial opportunity for renovation and investment, located prominently on St Mary’s Street in the established area of Blackhill, Consett. The property features a classic pitched slate roof and is currently utilized as a day-care and residential support facility, offering various classrooms, a kitchen, offices, WC facilities, and storage areas. Notably, there is a small office on the first floor that has been inspected; however, access to the rest of the first floor was restricted. The building is presented in fair condition throughout but holds significant potential for redevelopment or alternative uses, subject to appropriate planning permissions. Its configuration allows for flexibility; with various spaces that could easily be repurposed to suit different commercial or mixed-use ventures. Externally, the property includes ample private parking and a garden area on the side—providing additional options for outdoor activities or expansion. As it is being sold with vacant possession, new owners can quickly implement their vision without existing operational constraints. Situated just off major routes A691 and A692, this location boasts excellent visibility and accessibility to surrounding areas including Durham and Newcastle upon Tyne. The bustling local centre offers an array of independent shops, cafes, and services that enhance foot traffic and community engagement. Nearby amenities such as supermarkets and schools further contribute to its attractiveness for potential business ventures. Public transport connections are robust with regular bus services linking Blackhill to Consett town centre. The presence of secure private parking alongside convenient on-street options ensures ease of access for staff and customers alike. In summary, this property not only benefits from its solid structural foundation but also presents an array of possibilities for reimagining its use in a vibrant community setting—a promising prospect for any investor looking to capitalize on the growth potential in this area.

Investment Analysis

(DH8 area)
Area Average
£156/sq ft
Avg Rent (weekly)
£183
Avg Yield
5.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £100,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
46
Average per month
Market Turnover
24%
Properties sold annually

Local Market Trend (DH8)

Area prices are rising by +5.2% over the last 12 months
3 year growth: 18.0%
5 year growth: 27.1%
Investment Disclaimer: Analysis based on DH8 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

St. Marys Street, Blackhill, Consett, DH8
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£733
Based on a loan of £150,000 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE