10 Rolling Mill (&Garage), Consett, County Durham, DH8 6NH

Description

Offered to sale by auction, this property presents an opportunity for investors, developers and prospective owner-occupiers seeking a property in a well presented area of Consett. The inclusion of a garage adds further appeal, offering useful additional space. With scope for buyers to explore the property's potential, this lot may appeal to anyone looking for a project with bags of opportunity for cosmetic enhancement and the chance to add their own stamp to this family home. Alternatively, it will also appeal to those looking for their next investment to add value to and/or rent in a high demand residential area.

Location

The property is situated within an established residential area of Consett, a town offering a wide range of local amenities, including shops, supermarkets, schools and leisure facilities. The town also benefits from public transport links and road connections to nearby towns and the wider North East, making it a convenient location for residents and commuters alike.

Tenure / Property Information

Investment Analysis

Same-street completed sales range from £170,000 for a terraced property to £240,000–£267,500 for two detached properties, with a higher detached sale at £319,950. The subject's exact construction, accommodation detail, condition and tenure are not supplied, so a reliable GDV cannot be selected from this wide range. The £186,000 guide is below the detached comparables but above the recorded terraced sale. The only supplied local rental evidence is a £1,250 pcm advertised asking rent for a four-bedroom property in Consett; this is not achieved rent evidence.

Investment Snapshot

Strategy Recommendation

Treat as a potential owner-occupier or BTL purchase only after confirming the legal pack, construction, condition, tenure, full accommodation and achievable rent. Do not bid on the current evidence alone if a refurbishment or resale strategy depends on a specific GDV.

Works Required

The description supports potential cosmetic enhancement and personalisation only. No specific defects, structural works, layout changes or statutory works are evidenced, so no refurbishment allowance can be reliably quantified.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR assessment cannot be completed reliably because GDV, refurbishment cost, property construction, condition, tenure and refinance assumptions are not sufficiently evidenced. The known guide plus the £3,600 administration charge is £189,600 before any other charges, works or finance costs.

Buy-to-Let Analysis

At the £186,000 guide, the single Consett advertised asking rent of £1,250 pcm implies approximately 8.1% gross yield before finance, management, maintenance, voids, tax and acquisition costs. This is an asking rent rather than achieved rent, and no EPC, condition, tenancy or operating-cost evidence is supplied. The separate £303 pcm West Auckland listing is not sufficiently comparable to use for a Consett rent range.

Flip Analysis

The sale comparables indicate materially different outcomes depending on whether the subject is comparable to the detached or terraced properties. Without confirmed construction, condition, floor area, tenure, works cost and selling-cost allowance, a reliable resale surplus cannot be calculated.

Investor Risks & Due Diligence

• Exact property type is not supplied, while the comparable sales range from terraced to detached properties.

• The wide £170,000–£319,950 comparable range makes GDV selection unreliable.

• Condition and required works are not specified beyond possible cosmetic enhancement.

• The £1,250 pcm figure is an advertised asking rent, not achieved or passing rent.

• Tenure, legal-pack obligations and additional auction charges remain unknown.

• No EPC, floor area, heating, council-tax or occupancy information is supplied.

Recommendation

Treat as a potential owner-occupier or BTL purchase only after confirming the legal pack, construction, condition, tenure, full accommodation and achievable rent. Do not bid on the current evidence alone if a refurbishment or resale strategy depends on a specific GDV.

Strategy Rating

Analysis Confidence

There are five same-street completed sales, one local four-bedroom asking-rent listing and a stated guide, but key valuation inputs are missing, including property type, floor area, condition, tenure, legal-pack details, EPC and works cost.