9 John Street Square, Consett, County Durham, DH8 5AR

Description

Commercial property requiring renovation, offered with vacant possession and excellent development potential, subject to any necessary consents. The property requires a full programme of refurbishment and offers potential for a variety of future uses, subject to obtaining any necessary planning consents. It comprises a front commercial sales area with large display window, a rear kitchen area with access to a store room and separate WC, and two first-floor rooms previously utilised as ancillary accommodation. The property also benefits from an enclosed rear yard with rear access and requires comprehensive modernisation throughout.

Accommodation

Front commercial sales area with large display window; rear kitchen area with access to a store room and separate WC; two first-floor rooms previously utilised as ancillary accommodation; enclosed rear yard with rear access.

Location

Positioned within Consett town centre.

Tenure / Property Information

Investment Analysis

The most relevant evidence is the same-property sale at £17,500 on 16 July 2026. The older £42,000 sale at 4 John Street Square from 2006 is materially less reliable due to its age and lacks condition/use context. A base GDV of £17,500 is therefore used cautiously. The £10,000 guide plus the £3,600 known admin charge totals £13,600 before refurbishment and other possible charges, but the full refurbishment cost is unsupported.

Investment Snapshot

Strategy Recommendation

Do not proceed on the current evidence alone. Consider only after reviewing the legal pack, confirming permitted future use and obtaining a detailed refurbishment quotation; the current data does not support a reliable BTL, BRRR or flip bid.

Works Required

Full refurbishment and comprehensive modernisation of the existing commercial sales area, rear kitchen, store room, WC, two first-floor ancillary rooms and enclosed rear yard, subject to survey and any necessary consents. No specific repair or installation costs are evidenced.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A theoretical 75% refinance of the £17,500 base GDV is £13,125, but refinance eligibility, loan terms and valuation treatment for this vacant commercial property are unknown. The strategy cannot be assessed reliably without a refurbishment budget, planning review, commercial rent evidence and finance terms.

Buy-to-Let Analysis

BTL returns cannot be established because no property-specific commercial rent or passing rent is supplied. The £4,238 pcm figure is only a general advertised commercial rental result and is not evidenced as comparable to this property. The residential rental listings are not applicable to the described commercial asset.

Flip Analysis

Using the £17,500 same-property sale as a cautious base GDV, the guide and known admin charge leave £3,900 before refurbishment, selling costs and other auction charges. Since refurbishment and selling allowances are unsupported, no reliable flip surplus or maximum bid can be calculated.

Investor Risks & Due Diligence

• The property requires a full refurbishment and comprehensive modernisation, but no cost evidence is supplied.

• Future uses are subject to any necessary planning consents.

• The legal-pack tenure is not confirmed in the supplied evidence.

• Additional search, seller, legal and transfer charges may apply.

• No property-specific commercial rent or passing rent is provided, so income and yield cannot be established.

• Vacant possession means there is no evidenced existing rental income.

Recommendation

Do not proceed on the current evidence alone. Consider only after reviewing the legal pack, confirming permitted future use and obtaining a detailed refurbishment quotation; the current data does not support a reliable BTL, BRRR or flip bid.

Strategy Rating

Analysis Confidence

There is a very recent same-property sale and a detailed accommodation description, but no refurbishment budget, commercial rent evidence, legal-pack tenure details, planning position, selling costs or full auction fee schedule.