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49 Front Street, Leadgate, Consett, DH8 7SE - Image 1

49 Front Street, Leadgate, Consett, DH8 7SE

North East

£3,000Guide Price

Listed on 05/10/2026

The listing

Property details

Bedrooms
2
Type
Flat

Description

This leasehold flat, located at the junction with Durham Road, offers a prime opportunity for renovation. Situated close to the amenities of Consett Town Centre and the nearby Consett Park, the property is being sold with vacant possession. The first-floor flat comprises a living room combined with a kitchen, two bedrooms, and a bathroom/WC. It requires modernisation, making it an ideal project for investors or those looking to create their dream home. The lease has approximately 963 years remaining, with a peppercorn ground rent, adding to its appeal. Offered at auction on 21st October 2026, this property presents a chance to secure a valuable asset in a developing area.

WHOTS analysis

Our WHOTS verdict

An internal assessment of the opportunity to acquire, improve and create value.

36out of 100
Grade ELow opportunity

Confidence: LOW

This leasehold flat in Consett presents a blank canvas for those looking to invest in a renovation project. With its first-floor position and vacant possession, it offers a straightforward entry into the property market. The flat requires modernisation, allowing you to tailor the space to your own taste and specifications, though specific details on the interior condition are currently unavailable.

While the overall opportunity score is on the lower side, the asking price of £3,000 positions it as an attractive prospect for buyers willing to undertake light renovations. Although the lack of usable floor area means we cannot assess the price per square foot against local averages, the low asking price may appeal to those looking for a budget-friendly project. Keep in mind that bidding can drive the final price above the guide, so it’s worth considering how much you’re willing to invest.

Key opportunities

  • Vacant possession allows for immediate renovation and personalisation.
  • A long lease of 963 years provides security for investment.
  • The location near Consett Town Centre offers convenient access to amenities.

Key risks

  • The absence of detailed condition notes on the interior means potential unforeseen issues could arise during renovation.
  • Limited economic data may affect the assessment of long-term value.

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Map

Location

49 Front Street, Leadgate, Consett, DH8 7SE
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Finance

Mortgage calculator

Illustrative repayments based on the asking price, not a mortgage offer.

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£11
Based on a loan of £2,250 over 30 years at 4.45% 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.

Tax

Stamp duty calculator

Indicative tax based on the asking price and the options you select.

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