Presenting a three-bedroom property in DH8 that offers substantial refurbishment potential, ideal for investors or buyers looking to make a strategic investment. This home allows for various updates and modernisation efforts that could significantly increase its rental income potential, with estimates suggesting yields of around 9% post-renovation. The layout features three bedrooms, including two spacious doubles and a versatile single, which could easily be transformed into a home office or study space.
The living area greets you with natural light from a large window and includes a fireplace that serves as an appealing centerpiece. A secondary reception room can function as either an additional living space or a dining area, providing flexibility based on your needs.
The kitchen is equipped with essential appliances and offers ample storage solutions but could benefit from modern updates to enhance functionality and aesthetics. The bathroom features both a bath and separate WC, making it practical for family living.
Outside, there are enclosed gardens both at the front and rear of the property, offering private outdoor space for recreation or gardening. On-street parking availability adds to its convenience.
Situated in a well-connected region just minutes from local amenities, transport routes, and green spaces like Consett Park, this location is attractive for potential tenants and homeowners alike. With an Energy Performance Certificate rating of C, operational costs remain manageable—a crucial aspect for future occupants. Overall, Lilac Place presents an exciting opportunity to create significant value through thoughtful renovations.
