3-bedroom house · DH5 0JH
Sold STCListed 575 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated in the East Durham village of Easington Lane, this delightful mid-terraced house offers a perfect blend of comfort and modern living.
The property has been recently improved, ensuring a well-presented home that is ready for you to move in.
The house features three good sized bedrooms, making it an ideal choice for families or those seeking space to work or a "man cave".
The reception rooms provide a welcoming atmosphere, perfect for relaxation or entertaining guests.
The property also boasts a fitted kitchen and well-maintained bathroom, catering to all your daily needs.
For those with vehicle there's an attached garage at the rear, adding to the convenience of this lovely home.
Its location in Easington Lane offers a friendly community vibe, with local amenities and transport links within easy reach, making it an attractive option for both homeowners and potential rental investors.
Whether you are looking to settle down or seeking a promising rental investment, this property presents an excellent opportunity.
With its blend of character and modern improvements, this house is sure to appeal to a wide range of buyers.
With an anticipated monthly rent of £650, this property can offer a fantastic gross yield of over 11%.
Entrance Vestibule - Via a UPVC door Living Room - 5.10m x 4.00m (16'8" x 13'1") - Double glazed window to front, picture rail, coving, radiator Dining Room - 5.10m x 4.30m (16'8" x 14'1" ) - Double glazed French doors to rear, stairs to 1st floor, understair cupboard, picture rail, coving, radiator Kitchen - 3.30m x 2.40m (10'9" x 7'10") - Double glazed window and UPVC door to side.
Range of base, wall and drawer units with complementing heat resistant work surfaces, incorporating; a one and a half bowl stainless steel sink unit a four ring electric hob with electric oven below and filter hood above, space for fridge/freezer, plumbed for washing machine, cupboard housing boiler, spotlights, tiled splashbacks Bathroom - Double glazed window to side, low level WC, pedestal wash hand basin, paneled bath, tiled walls, radiator Bedroom 1 - 4.10m x 3.90m (13'5" x 12'9") - Double glazed window to rear, radiator Bedroom 2 - 3.10m x 2.60m (10'2" x 8'6") - Double glazed window to front, radiator Bedroom 3 - 3.10m x 2.30m (10'2" x 7'6") - Double glazed window to front, radiator External - Private yard to rear.
Attached garage with up & over door power and light , accessed for the rear lane
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
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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 Smiths Terrace, Easington Lane, Houghton Le Spring
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