3-bedroom house · DH4 4GP
For saleListed 41 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
If a three-bedroom house that includes a garage for the family car and the family bikes, is on your new home shopping list, the Grasmere fits the bill.
Two bathrooms will prove to be a bonus as your family grows, and when family and friends want to come and stay.
Additional Information Tenure: Freehold Council tax band: Not made available by local authority until post-occupation Rooms Ground Floor Living Room (3.13 x 4.74 m) Kitchen/Dining Room (5.74 x 2.48 m) Garage (4.99 x 2.4 m) First Floor Bedroom 1 (5.74 x 2.75 m) Bedroom 2 (2.66 x 3.31 m) Bedroom 3/Study (2.99 x 2.19 m) About Herrington Grange Herrington Grange is ideally located between the cities of Durham and Sunderland, with a number of towns in the vicinity, meaning there's a vast range of shops, facilities and attractions to be found within half an hour of the development.
The location is well-suited to families, thanks to the excellent choice of schools nearby.
There are plenty of ways to stay active, too - the development is next to the stunning and spacious Herrington Country Park, and the beautiful Durham Heritage Coast is just 20 minutes away.
For day-to-day amenities you'll find a convenience store within walking distance, while a six-minute drive south will take you to the bustling town of Houghton-le-Spring and its high street packed with shops, supermarkets, banks and eateries.
Seven minutes in the other direction, Washington is home to several schools, a leisure centre and the Galleries Shopping Centre.
All your other retail needs are sure to be met in either Durham, a beautiful city awash with culture and historic architecture, or in Sunderland, a port city with a great arts and culture scene.
This development offers the following schemes: New Build Boost Deposit Boost: 5% Deposit Contribution Scheme Part Exchange your home Own New Home Change Key Worker Contribution Bank of Mum and Dad Early Bird Scheme Deposit Match: 5% Deposit Contribution Scheme Mortgage Assist Schemes are available on selected plots only, subject to status, terms and conditions apply.
Contact the development for latest information.
Leisure Herrington Country Park – 0.1 miles Houghton Sports & Wellness Centre – 2.0 miles Washington Leisure Centre – 3.2 miles Penshaw Monument – 1.5 miles Education New Penshaw Academy – 1.4 miles Kepier Academy – 2.0 miles Burnside Academy – 2.1 miles Newbottle Primary Academy – 2.3 miles Shopping Local Convenience Store – 0.3 miles Tesco Superstore – 2.0 miles Houghton Colliery Retail Park – 2.1 miles The Galleries Shopping Centre – 3.5 miles Transport Houghton-le-Spring Bus Station – 2.0 miles A690 – 1.0 miles A19 – 2.3 miles Chester-le-Street Railway Station – 5.0 miles Health Herrington Medical Centre – 0.9 miles Houghton Primary Care Centre – 2.0 miles Houghton Health Centre – 2.2 miles Sunderland Royal Hospital – 5.2 miles Opening Hours Monday 11:00 - 18:00, Tuesday 11:00 - 18:00, Wednesday Closed, Thursday 11:00 - 18:00, Friday 11:00 - 18:00, Saturday 11:00 - 18:00, Sunday 11:00 - 18:00
Value & comps
No previous sales on record.
Returns
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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
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FAQ
About 546, Market Crescent, Houghton Le Spring
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