2-bedroom terraced house · DH4 7ER
Sold STCListed 25 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Ivydene, Old Penshaw is an exceptionally spacious two-bedroom home offering far more accommodation than you might initially expect.
With generous proportions throughout, two excellent double bedrooms, two bathrooms and a substantial garden, this is a fantastic home for first-time buyers, couples or anyone looking for plenty of space.
The ground floor is centred around an impressive open-plan living and dining space, providing a superb area for both everyday living and entertaining.
Bright, comfortable and particularly generous in size, there is ample room for multiple seating areas as well as a full dining table.
The kitchen is modern and well presented, finished with an extensive range of fitted units, contrasting work surfaces and integrated appliances.
Its size provides excellent storage and preparation space while maintaining a bright, contemporary feel.
Also located on the ground floor is a modern family bathroom, finished with contemporary tiling and a white suite including a bath with shower over, WC and wash basin.
Upstairs are two genuinely generous bedrooms. The master bedroom is particularly impressive, comfortably accommodating substantial bedroom furniture while also benefiting from its own en-suite.
The second bedroom is another excellent-sized room, making this a home where there is no compromise on the secondary bedroom.
Externally, one of the property's standout features is the size of the garden.
Predominantly laid to lawn with a paved seating area, it offers an excellent amount of outdoor space for entertaining, children, pets or simply enjoying the warmer months.
The property occupies a convenient position in Old Penshaw, with Penshaw Monument and Herrington Country Park close by, while Washington, Houghton-le-Spring and Sunderland are all readily accessible.
There are convenient road connections via the A183, A690 and surrounding routes, providing access towards the A19 and wider North East road network.
Families are also well catered for, with several schools in the surrounding area.
New Penshaw Academy is approximately 400 metres away, with Barnwell Academy and other primary options nearby, while secondary schools including Biddick Academy and St Robert of Newminster are also within the wider area.
A home that really needs to be viewed to appreciate the amount of space on offer, particularly the impressive living accommodation, bedroom sizes and generous garden Living / Dining Area (5.36m x 4.75m, 17'7" x 15'7") Kitchen (4.40m x 3.55m, 14'5" x 11'7") Bathroom (2.32m x 1.54m, 7'7" x 5'0") Master Bedroom (5.39m x 4.41m, 17'8" x 14'5") Ensuite (1.88m x 2.09m, 6'2" x 6'10") Bedroom Two (3.27m x 3.78m, 10'8" x 12'4")
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
Agent & docs
FAQ
About Ivydene, Penshaw Lane, Houghton Le Spring
Explore nearby