Snows Green Road, Consett, County Durham, DH8
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Residential development for sale
Description
Beech & Holly House, The Gables, Snows Green, Shotley Bridge, DH8 0JG
&
Claremont Villas, Trinity Road, Darlington, DL3 7AW
Investment Summary
* A residential portfolio consisting of 17 units in total, comprising 11 two-bed flats forming part of Beech and Holly House in Shotley Bridge, together with 6 two-bed flats at Claremont Villas in Darlington.
* The subject properties form part of the larger development schemes in each location.
* The retained units form part of the legacy portfolio following the construction of the residential schemes by the seller.
* Fully occupied by way of unfurnished Assured Shorthold Tenancies with no significant rental voids.
* Opportunity to increase overall rent through upcoming lease events.
* A single lot sale is preferred, but consideration will be given to two separate sales.
* Gross income: £129,300 per annum
* We are contracted to seek offers in excess of £1,625,000
* Reflecting a gross yield of 8%
Location
Beech & Holly House are situated within the attractive village of Shotley Bridge, County Durham, located along Snows Green Road in the Benfieldside ward. The properties benefit from a peaceful riverside setting beside the River Derwent, in a village renowned for its picturesque stone bridge and historic charm.
The properties lie just off the A694 road, providing direct road access to Consett (1 mile south) and onward to Ebchester and Gateshead. They are approximately 15 miles northwest of Durham city and around 26 miles southwest of Newcastle upon Tyne.
Claremont Villas is situated in Darlington's prestigious West End, a well-established residential area known for its period architecture and close proximity to the town centre. The property is located just off Trinity Road, approximately 2.5 miles from Junction 58 of the A1(M), offering excellent road access to Newcastle, Durham, and North Yorkshire. Darlington Railway Station is 1.2 miles to the east, providing direct mainline services to London Kings Cross, York, Leeds, and Edinburgh.
The town centre of Darlington is located less than one mile to the east of the property, offering a wide range of retail, dining, leisure and cultural amenities. The nearest airport is Teesside International Airport, situated approximately 6.5 miles to the east.
Beech & Holly House, The Gables, Snows Green, Shotley Bridge, DH8 0JG
Beech & Holly House are attractive period-style residential buildings comprising a collection of well-appointed apartments in the picturesque village of Shotley Bridge, County Durham.
The buildings have been tastefully converted and refurbished in recent years to provide a series of self-contained two-bedroom apartments arranged over three floors. Both Beech House and Holly House have been finished to a good specification throughout. Externally, the properties retain traditional design elements and are set within landscaped communal grounds, bordered by mature trees and greenery. A private driveway leads to off-street parking with allocated bays for residents and visitor access.
The combined buildings occupy a well-proportioned and private site in a sought-after residential location within the Derwent Valley. The setting offers a strong balance of rural charm and village convenience, appealing to both owner-occupiers and investors seeking quality accommodation in
well-connected County Durham village.
Claremont Villas, Trinity Road, Darlington, DL3 7AW
Claremont Villas is a converted Victorian villa comprising a selection of high-quality residential apartments in Darlington's desirable West End. Situated just off Trinity Road, the property combines period character with modern convenience, in a well-established and sought-after residential setting close to the town centre.
The property has undergone a sympathetic conversion in recent years, transforming the original villa into a series of self-contained apartments arranged over ground and first floors. Claremont Villas has been finished to a high specification throughout and externally, the property retains its classic Victorian façade with stone detailing and gable features.
The property includes off-street parking to the rear, with allocated spaces for residents and visitors. Landscaped communal garden areas also feature to the rear of the building, providing shared outdoor space in a quiet and private setting.
Proposal
We are instructed to sell the whole at offers in excess of £1,625,000
The opportunity has a net rent of £129,300 per annum.
This reflects a gross yield of 8%.
Contact
For viewings and further information please contact:
Hugh Hodgson
Senior Chartered Surveyor
T:
E: h.
Brochures
Snows Green Road, Consett, County Durham, DH8
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Stocksfield Station5.7 miles
Notes
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