We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work2-bedroom house · DL2 3SY
Sold STCListed 84 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
FOR SALE VIA MODERN AUCTION.
We are delighted to offer a two bedroom mid-terrace stone built cottage, situated on the edge of the highly sought after village of Piercebridge, moments from the River Tees.
2 Holmes House Cottage is located on the edge of Piercebridge Village with amenities such as a farm shop, cafe and a post office, two public houses and a church.
Barnard Castle 11 miles, Darlington 5 miles, Bishop Auckland 10 miles (all mileage is approximate). For the commuter the A1, A67 and A68 provide links with major commercial centres of the North East.
Darlington main line railway station and Durham Tees Valley International Airport offers further communications with the rest of the country.
Ground Floor - With entrance door to kitchen including a matching range of wall and base units incorporating rolled edge worksurfaces, stainless steel sink unit, space for dishwasher, fridge and electric freestanding cooker.
There is a useful space/utility room on the left as you enter the property with space and plumbing for washing machine.
The property boasts a double reception room providing living space as well as space for dining. The focal point of the room is a cast iron multi-fuel stove with back boiler.
There are two windows to front elevation overlooking a small front garden and fields beyond.
First Floor - With two bedrooms on the first floor both with beautiful views over the countryside and one with fitted wardrobes.
The house bathroom will require completing and further work, however, there is currently a working shower, sink and low level WC.
Externally - Garden - To the front of the property there is a small front garden, mainly laid to gravel with gated access.
To the rear of the property there is a small gravel area and two external stores. Parking - Communal parking area providing off-street parking.
Tenure - The property is believed to be offered freehold with vacant possession on completion.
Local Authority And Council - North Yorkshire County Council For Council Tax purposes the property is banded B. Particulars - Particulars written in July 2025. Photographs taken in July 2025.
Conditions Of Sale – Anti-Money Laundering - Should a purchaser(s) have an offer accepted on a property marketed by GSC Grays they will need to undertake an identification check.
This is done to meet our obligation under Anti Money Laundering Regulations (AML) and is a legal requirement. We use a specialist third party service to verify your identity.
The cost of these checks is £37.50 plus VAT (£45.00 inc VAT) per buyer, which is paid in advance, when an offer is agreed and prior to a sales memorandum being issued. This charge is non-refundable.
Services And Other Information - Mains electricity and water, drainage to shared Septic Tank. Radiators heated via solid fuel back boiler.
What3words - plot.will.waltzes Auction Conditions - This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period").
Interested parties personal data will be shared with the Auctioneer (iamsold). If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT.
This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken.
Any payment that will be received by the Agent or Auctioneer will be confirmed to you in writing before services are taken. Services are optional.
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
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 starting price
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
Agent & docs

FAQ
About 2 Holme House Cottages, Piercebridge
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