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Church Road, Blackhill, Consett DH8

North East

£50,000
Listed on 04/05/2026

Property Details

Bedrooms
2
Type
Flat
Area
619 sqft

Description

This ground floor flat, located centrally in Consett, offers a promising investment opportunity for those looking to make their mark. With two spacious bedrooms and a well-designed layout, the property is primed for renovation. While it currently requires refurbishment, the generous room sizes provide an excellent foundation for creating modern living spaces. The living room boasts ample natural light through a large front-facing window, and the kitchen presents a chance to transform it into a contemporary culinary hub. Both bedrooms feature built-in storage and are adaptable for various uses, enhancing their appeal post-renovation. The bathroom, equipped with essential fixtures, also allows for an update to meet current standards. This flat's location ensures easy access to local amenities and transport links, making it particularly attractive for resale or rental after improvements are made. With no onward chain, this is an ideal canvas for first-time buyers or investors seeking to increase value through thoughtful renovations.

Investment Analysis

(DH8 area)

Below Market Value

This property is priced -49.9% below area average per sq ft

-49.9%
Potential saving
This Property
£81/sq ft
Area Average
£161/sq ft
Avg Rent (weekly)
£177
Avg Yield
4.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£109,727
10% above area average per sq ft
Potential ROI
+46.3%
After renovation
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
18%
Properties sold annually

Local Market Trend (DH8)

Area prices are falling by -4.4% over the last 12 months
3 year growth: +12.8%
5 year growth: +16.8%
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

Church Road, Blackhill, Consett DH8
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£178
Based on a loan of £37,500 over 30 years at 3.97% 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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