2-bedroom flat · DL16 7NE
Listing removedListed 133 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Welcome to Princess Court, a charming ground floor flat located in the heart of Spennymoor, County Durham.
This well-presented property boasts two generously sized bedrooms, making it an ideal choice for couples, small families, or individuals seeking extra space.
The modern kitchen is designed for both functionality and style, providing a delightful space for culinary enthusiasts to prepare meals.
The flat also features an easy-to-maintain garden, perfect for enjoying the outdoors without the burden of extensive upkeep. One of the standout features of this property is its prime location.
It is an excellent choice for commuters, with superb transport links to nearby Durham City, Darlington, and Teesside.
This connectivity opens up a wealth of employment opportunities and leisure activities, ensuring that you are never far from the action.
Additionally, the flat is conveniently situated close to Spennymoor Town Centre, where you will find a variety of local shops, schools, and essential amenities.
This proximity ensures that all your daily needs are easily accessible, enhancing your living experience.
In summary, Princess Court offers a perfect blend of comfort, convenience, and modern living in a desirable location. This property is sure to meet your expectations and provide a welcoming home.
Tenant Earnings: £16,500 per year Guarantor Earnings: £19,800 per year EPC Rating C Council Tax Band A Lounge - Kitchen - Bedroom One - Bedroom Two - Bathroom - Externally - Redress - For Redress we subscribe to the Property Redress Scheme (PRS) – Premiere House, 1st Floor, Elstree Way, Borehamwood, Hertfordshire WD6 1JH Agent Notes - Electricity Supply: Mains Water Supply: Mains Sewerage: Mains Heating: Gas Central Heating Broadband: Mobile Signal/Coverage: Tenure: Freehold Council Tax: Durham County Council, Band A - Approx.
£1,703.96 p.a Energy Rating: C Disclaimer: The preceding details have been sourced from the seller and OnTheMarket.com.
Verification and clarification of this information, along with any further details concerning Material Information parts A, B & C, should be sought from a legal representative or appropriate authorities.
Robinsons cannot accept liability for any information provided.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 Princess Court, Spennymoor, County Durham
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