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Kelvin Gardens, Consett, DH8

North East

£55,000
Listed on 25/01/2026

Property Details

Bedrooms
2
Type
Terraced house

Description

This two-bedroom terraced house offers a promising investment opportunity, ideal for first-time buyers or seasoned investors looking to enhance their portfolio. Nestled in a sought-after area of the North East, the property serves as a blank slate ready for renovation. The ground floor features a spacious living room that flows into the separate kitchen area, while the upper level hosts two comfortably-sized bedrooms. Although the home requires some updating, its layout provides significant flexibility for modernisation and personalisation. With thoughtful improvements, this property has the potential to evolve into a comfortable home or an attractive rental unit. Seize this chance to realise its full value and create a space that meets your aspirations.

Investment Analysis

(DH8 area)
Area Average
£158/sq ft
Avg Rent (weekly)
£190
Avg Yield
5.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
44
Average per month
Market Turnover
60%
Properties sold annually

Local Market Trend (DH8)

Area prices are stable by -2.0% over the last 12 months
3 year growth: +14.1%
5 year growth: +18.6%
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

Kelvin Gardens, Consett, DH8
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£198
Based on a loan of £41,250 over 30 years at 4.06% 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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