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See how verdicts work2-bedroom bungalow · DH7 0NP
For saleReduced £5k (−2.7%) on 24 MayListed 213 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
* NEW KITCHEN * NEW SHOWER ROOM* FEATURE WALL MOUNTED FIRE * NEW FLOORING * WELL PRESENTED THROUGHOUT * RARELY AVAILABLE BUNGALOW * ENCLOSED REAR GARDEN * CONSERVATORY * POPULAR VILLAGE LOCATION * This well presented bungalow has been thoughtfully updated and now benefits from a new fitted kitchen, a new bathroom, new floorings, and a stylish wall mounted fire, making it a particularly attractive option for those seeking comfortable, move-in ready accommodation in a popular village setting.
The floorplan comprises an entrance porch leading into a bright lounge and dining room, a modern fitted kitchen breakfast room, and a spacious conservatory to the rear.
There are two good sized bedrooms and a new shower room with WC, providing practical and well-appointed single storey living throughout.
Externally, the property features an attractive stepped garden to the front and a lovely enclosed garden to the rear, providing a pleasant and usable outdoor space.
Oakwood is a modern estate of houses and bungalows situated just off Durham Road, within half a mile of Lanchester village centre.
The village offers a good range of local amenities including shops, restaurants and everyday services, along with well-regarded primary and secondary schooling, including St.
Bede's Catholic School and Sixth Form College. Lanchester is well placed for access to Consett, Durham and Newcastle, with the A691 providing straightforward road links to each.
The surrounding area also offers pleasant walks and cycle routes, including along the former Lanchester Valley Railway Line, which runs close to the estate.
Entrance Porch - Lounge / Diner - 5.82 x 3.05 (19'1" x 10'0") - Breakfast Kitchen - 3.02 x 2.69 (9'10" x 8'9") - Conservatory - 3.76 x 2.46 (12'4" x 8'0") - Inner Lobby - Bedroom - 3.38 x 3.10 (11'1" x 10'2") - Bedroom - 3.12 x 2.82 (10'2" x 9'3") - Bathroom - Agent's Notes - Council Tax: Durham County Council, Band B - Approx.
£1,984 p.a Tenure: Freehold Property Construction – Standard Number & Types of Rooms – Please refer to the details and floorplan, all measurements are for guidance only Gas Supply - Mains Electricity supply – Mains Water Supply – Mains Sewerage – Mains Heating – Gas Central Heating Estimated Mobile phone coverage – Please refer to the Ofcom Website - Estimated Broadband Download speeds – please refer to the Ofcom Website – Building Safety – We are not aware of any Building Safety issues.
However, we would recommend that the purchaser engages the services of a chartered surveyor to confirm.
Restrictions – covenants which affect the property are within the Land Registry Title Register which is available for inspection.
Selective licencing area – no Probate – NA Rights & Easements – None known Flood risk – refer to the Gov website - Coastal Erosion – refer to the Gov website - Protected Trees – None known Planning Permission – Nothing in the local area to affect this property that we are aware of.
Accessibility/Adaptations – stairs down to access Mining Area – Coal Mining Reporting Area, further searches may be required by your legal representative.
Disclaimer: Our details have been compiled in good faith using publicly available sources and information obtained from the vendor prior to marketing.
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 before making any financial commitments.
Robinsons cannot accept liability for any information provided subsequent amendments or unintentional errors or omissions.
HMRC Compliance requires all estate agents to carry out identity checks on their customers, including buyers once their offer has been accepted.
These checks must be completed for each purchaser who will become a legal owner of the property. An administration fee of £30 (inc. VAT) per individual purchaser applies for carrying out these checks.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
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
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FAQ
About Oakwood, Lanchester, Durham
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