3 bed semi-detached house for sale

Derby Crescent, Consett, Durham DH8

***for sale via modern auction***

Situated on Derby Crescent, this spacious three-bedroom semi-detached terrace is a fantastic opportunity for investors looking for a strong return. With tenants currently in situ paying £550 per calendar month, the property offers a yield in excess of 10%, making it a great option for landlords seeking immediate income.

Inside, the home offers a well-proportioned layout, including a bright and generous living room, a separate dining room, and a fitted kitchen with plenty of storage. Upstairs, there are three comfortable bedrooms and a family bathroom, creating a practical living space that continues to attract long-term tenants.

Outside, the property benefits from gardens to both the front and rear – perfect for enjoying some outdoor space or potentially enhancing further over time.

The location is equally appealing, set within a well-established residential area close to a range of local amenities including shops, schools, and other facilities. Excellent transport links are also nearby, offering convenient access to surrounding areas – another key factor for renters and investors alike.

This property is being sold via the modern method of auction, offering a secure and transparent route to purchase. It is also freehold, meaning no ongoing lease or ground rent charges – a valuable advantage when it comes to long-term investment.

With a strong yield, existing tenants, and a sought-after location, this is a ready-made buy-to-let opportunity with fantastic potential.

Auction terms apply. Buyers should carry out their own due diligence prior to bidding.

Contact our team today to register your interest or find out more.

Auctioneer Comments

This property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 56 Day Reservation Period. Interested parties’ personal data will be shared with the Auctioneer (iamsold Ltd).

If considering a mortgage, inspect and consider the property carefully with your lender before bidding. A Buyer Information Pack is provided, which you must view before bidding. The buyer is responsible for the Pack fee. For the most recent information on the Buyer Information Pack fee, please contact the iamsold team.

The buyer signs a Reservation Agreement and makes payment of a Non-Refundable Reservation Fee of 4.5% of the purchase price inc VAT, subject to a minimum of £6,600 inc. VAT. This Fee is paid to reserve the property to the buyer during the
Reservation Period and is paid in addition to the purchase price. The Fee is considered within calculations for stamp duty.

Services may be recommended by the Agent/Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £960 inc. VAT. These services are optional.

Important Note to Potential Purchasers & Tenants:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. Potential purchasers: Fixtures and fittings other than those mentioned are to be agreed with the seller. Potential tenants: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.

COS250184/8

Kitchen

2.36 x 2.92

Dining Room

3.47 x 2.24m

Lounge (3.68m x 4.17m (12' 1" x 13' 8"))

Bedroom 1 (3.74m x 3.33m (12' 3" x 10' 11"))

Bedroom 2 (2.41m x 4.1m (7' 11" x 13' 5"))

Bedroom 3 (2.86m x 3.13m (9' 5" x 10' 3"))

Bathroom (2.28m x 2.28m (7' 6" x 7' 6"))