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Ash Terrace, Leadgate, Consett, DH8

North East

£55,000
Listed on 04/11/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
588 sqft

Description

This two-bedroom terraced home in the village of Leadgate offers a unique opportunity for buyers looking to invest or personalize their living space. The property, which comes with freehold ownership, features a spacious layout with a large rear garden and the convenience of off-street parking. Upon entering, you will find a bright living room that provides ample space for both relaxation and gatherings. The kitchen, located at the back of the house, has a functional design but presents an excellent chance for modernization and enhancement. With some cosmetic updates throughout, this home could be transformed into a stylish retreat tailored to your preferences. Upstairs hosts two well-sized bedrooms. The main bedroom is notably spacious, accommodating a double bed and additional furniture with ease. The second bedroom is versatile enough to serve as a guest room, home office, or children's room. The bathroom situated on the landing also offers potential for reimagining, allowing you to create a space that reflects your personal style. A key feature of this property is the expansive rear garden. Its generous lawn area and patio provide an ideal canvas for outdoor activities or gardening projects—perfect for those looking to cultivate a vibrant outdoor living space. With off-street parking supported by a dropped curb at the back, practicality is blended seamlessly with comfort. This home is being sold with no onward chain, simplifying the purchasing process significantly. It stands out as an attractive option whether you're aiming to enter the property market as a first-time buyer or seeking an investment opportunity with renovation potential. Considering its features and location within Leadgate, this residence represents great value and opportunities for growth through thoughtful upgrades. Explore how this property can fit your vision by arranging a viewing today.

Investment Analysis

(DH8 area)

Below Market Value

This property is priced -41.2% below area average per sq ft

-41.2%
Potential saving
This Property
£94/sq ft
Area Average
£159/sq ft
Avg Rent (weekly)
£170
Avg Yield
5.2%

Renovation Potential

Light Refurb
Est. Renovation Cost
£5,000 - £15,000
Target Value
£102,971
10% above area average per sq ft
Potential ROI
+47.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
43
Average per month
Market Turnover
22%
Properties sold annually

Local Market Trend (DH8)

Area prices are rising by +2.7% over the last 12 months
3 year growth: 15.0%
5 year growth: 29.9%
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.

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Location

Ash Terrace, Leadgate, Consett, DH8
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