Consett, County Durham a great area to invest?

Read how the Consett, County Durham, market is doing:

Consett, located in County Durham, is a vibrant town offering excellent investment potential. With a history of strong rental demand,it attracts families, professionals, and retirees due to its affordability, good schools, and convenient transport links to Durham and Newcastle. The town has seen recent regeneration projects, enhancing local amenities, and its proximity to scenic areas like the Durham Dales adds to its appeal.

For investors, Consett offers competitive yields and a steady tenant base, making it an ideal spot for property investment.

Consett is steady right now when it comes to property sales, and it is still doing better than the national average. Over the last three months, prices here have jumped + 0.2%, compared to -0.3% nationally.

The biggest growth driver in Consett, though, is the rental market. It's up 2.6% over the last 3 months vs. 1.0% nationally.

Consett: A Red-Hot Investment Opportunity! 🔥

Forster Street, DH8: This 2-bedroom house was rented at £525 pcm in 2022. Fast forward to 2024, and it's achieving £595pcm and took 7 days to let - a clear sign of growing demand!

Caribees, DH8: This two bedroom semi detached house rented for £500 pcm in 2021. In 2024, this rented for £595 pcm showing a decent growth in rent.

Edith Street, DH8: This two bedroom terraced house rented for £525 in 2023 and in 2024, it is currently achieving for £575 pcm, again showing a decent growth in rent.

Why Invest in Consett?
With property values starting from around £75k for 2 bedroom properties, Consett offers a great investment opportunity. Yields are as high as 10% combined with strong rental demand make this area a hotspot for investors aiming for reliable returns and long-term growth.