64 Arkless Grove, Consett, DH8 8AB

Description

• PRIME NEW LISTING. We are excited to present this tenanted 3-bedroom terraced house located within a prime location in DH8 8AB.

• **63 Arkless Grove, Consett, DH8 8AB sold for £140,000 in 2022. 46 Arkless Grove, Consett, DH8 8AB sold for £195,000 in 2022. 3 Arkless Grove, Consett, DH8 8AB sold for £190,000 in 2022.**

• With a current rental achievement of £2,500 per month, totalling £30,000 per annum including all bills, this property offers a remarkable gross yield of 33% if acquired at the guide price. It's a fantastic turnkey investment opportunity for discerning investors.

• The property is in excellent condition and boasts proximity to local amenities and transport links. This makes it an ideal choice for investors seeking long-term capital growth and potential rental upside.

• Transforming the property into a serviced accommodation unit could yield impressive returns, potentially achieving £150 per night based on local Airbnb comparables. With a 70% occupancy rate, this could generate an astounding £38,325 per annum, subject to necessary approvals.

PRIME NEW LISTING. We are excited to present this tenanted 3-bedroom terraced house located within a prime location in DH8 8AB.

The property comprises an inviting entrance hallway, a cosy living room, an open-plan kitchen dining room perfect for entertaining, two well-appointed bathrooms, and three spacious bedrooms.

With a current rental achievement of £2,500 per month, totalling £30,000 per annum including all bills, this property offers a remarkable gross yield of 33% if acquired at the guide price. It's a fantastic turnkey investment opportunity for discerning investors.

The property is in excellent condition and boasts proximity to local amenities and transport links. This makes it an ideal choice for investors seeking long-term capital growth and potential rental upside.

Transforming the property into a serviced accommodation unit could yield impressive returns, potentially achieving £150 per night based on local Airbnb comparables. With a 70% occupancy rate, this could generate an astounding £38,325 per annum, subject to necessary approvals.

The property is being offered at a fantastic discount to ensure a sale. Should appeal to anyone looking for a straightforward purchase with excellent upside potential.

Excellent sales evidence in the area:

**63 Arkless Grove, Consett, DH8 8AB sold for £140,000 in 2022. 46 Arkless Grove, Consett, DH8 8AB sold for £195,000 in 2022. 3 Arkless Grove, Consett, DH8 8AB sold for £190,000 in 2022.**

This lot is open to immediate offers. Should you wish to offer NOW, you can do so via our “Offer NOW” button on our website.

This property is offered at a fantastic price to ensure an Auction sale. The property will feature in our upcoming timed online auction. To participate in the live auction, you must have a bidding account created.

For further details on how to have a bidding account created, please contact the team.

Location

Consett is a vibrant town located in County Durham, known for its friendly community and rich industrial history. It offers an array of local shops, eateries, and recreational facilities, making it a desirable place for families and professionals alike. With easy access to nearby cities, Consett provides the perfect blend of suburban peace and urban convenience.

Map

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Terms of Sale

All buyers must verify terms prior to placing a bid. Some sellers may have variations within their contracts. Should you place a bid you are confirming you are happy to proceed as per the Terms of the contract.