2-bedroom flat · DH4 6QL
Listing removedReduced £5k (−5.3%) on 21 JunListed 545 days
Opportunity summary
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About
Summary **top floor apartment**two double bedrooms**stunning open plan lounge/kitcen**upgraded throughout**allocated parking**potential income of 750 pcm** Pattinson estate agents are happy to welcome to the market this immaculately presented, two bed apartment located on the top floor of this wonderful complex.
Perfectly positioned in the highly desirable Rainton gate, Houghton Le Spring, which is situated within close proximity to local amenities, good transport links via the A690 and walking distance to popular local schools.
Also within a short drive to Ramside Golf Course and Houghton Le Spring Town Centre.
This deceptively spacious home has being upgraded throughout and briefly consists of:- Entrance/hallway, a stunning open plan lounge/kitchen, two double bedrooms and a stylish three piece bathroom, externally to the front there is an allocated parking bay and communal grounds to the rear.
Additionally this apartment benefits from a gated entrance, secure intercom entry system and a visitor parking bays.
Properties in this location are extremely popular and an early viewing is essential, please call our Houghton office to arrange a viewing.
Council Tax Band: B Tenure: Leasehold Length of Lease: 106 Annual Ground Rent Amount: 200.00 Annual Service Charge Amount: 1,200.00 Building Entrance The building benefits from a gated entrance leading to the carpark and has a secure intercom system.
Apartment Entrance/Hallway Property entrance leading to the hallway, which gives access to each room, porcelain tiled flooring and a radiator. The hallway also allows access to the loft.
Lounge Area (4.73m x 5.31m) To the lounge area there is porcelain tiled flooring, a radiator and a double glazed front aspect window. The lounge also has open flow access to the kitchen.
Kitchen Beautiful kitchen area benefiting from a range of upper, lower and full length unit with contrasting square edge worktops and matching up-stands The kitchen has the bonus of an Integrated fridge/freezer, washing machine, dishwasher, and oven and a induction hob.
Bedroom One (4.44m x 3.71m) Double bedroom with carpet flooring, radiator and a double glazed rear aspect bay window.
Bedroom Two (3.79m x 2.68m) Double bedroom with carpet flooring, radiator and a double glazed rear aspect window.
Bathroom (2.14m x 2.66m) Stylish three piece bathroom benefiting from a paneled bath with an waterfall overhead shower, hand wash basin and W.C and a vanity unit.
Porcelain tile flooring, UPVC cladded splash back, a storage cupboard, a heated towel rail and a double glazed window.
External Gated development has communal gardens to the rear with allocated and visitors parking bays to the front.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About 19, Lambton View, Houghton Le Spring
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