Modern Method of Auction
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See how verdicts work2-bedroom terraced house · DH9 9NA
For saleListed 43 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Summary Pattinson Estate Agents are delighted to present to the market via auction this beautifully appointed two-bedroom mid-terraced home, situated within the sought-after village of Tanfield Lea.
Recently renovated throughout, the property is currently tenanted at 710 per calendar month, making it an excellent opportunity for investors seeking an immediate rental return.
With a modern kitchen, modern bathroom and gardens to both the front and rear, the property is sure to attract considerable interest.
On the ground floor, the entrance hallway gives way to a comfortable front-facing lounge, which benefits from built-in storage and provides a welcoming reception space.
To the rear, the kitchen diner is fitted with a range of wall and base units beneath roll-top worktops, and is equipped with a four-ring electric hob, electric oven, extractor fan and stainless steel single sink, along with plumbing for a washing machine and space for a fridge freezer.
A rear lobby with built-in storage and a part-glazed door leads out to the rear courtyard, providing a practical everyday connection between the kitchen and garden.
To the first floor are two well-proportioned bedrooms, each offering built-in storage, with the second bedroom benefiting from access to a useful additional room housing the combi boiler.
The modern family bathroom is fitted with a white suite comprising WC, pedestal wash hand basin, bath and mains shower over, complemented by part-clad walls and a chrome towel rail.
Externally, the property enjoys a lawned front garden with a block-paved path and gated access, while to the rear is an enclosed block-paved courtyard with gated access to the rear lane, an external water source and external storage a low-maintenance outdoor space well suited to tenant use.
Tanfield Lea is a popular village situated approximately one mile north of Stanley, offering a range of local amenities including shops, schools and community facilities, with further shopping and leisure options available in nearby Stanley.
The property is well positioned for access to the A693 and A692, providing good road links towards Stanley, Consett, Gateshead and Newcastle upon Tyne, and public transport links are readily available from the surrounding area.
The village is set within attractive countryside and offers a pleasant setting whilst remaining within easy reach of the wider North East region, making this an appealing investment in a well-regarded and consistently popular location.
Council Tax Band: A Tenure: Freehold Entrance Hallway The entrance hallway is accessed via a part-glazed UPVC front door and provides a welcoming first impression, with carpeted flooring and stairs rising to the first floor.
Lounge (4.39m x 3.98m) The lounge is positioned to the front of the property and is a comfortable reception room benefiting from a double-glazed front-aspect window, a central heating radiator and built-in storage, with carpeted flooring throughout.
Kitchen / Diner (5.00m x 3.42m) The kitchen diner is fitted with a range of wall and base units beneath roll-top worktops, with a stainless steel single sink, four-ring electric hob, electric oven and extractor fan.
There is plumbing for a washing machine and space for a fridge freezer, with a central heating radiator, vinyl flooring and a double-glazed rear-aspect window completing the room.
Rear Lobby (1.64m x 1.55m) The rear lobby offers practical everyday utility, with vinyl flooring, built-in storage and a part-glazed UPVC door opening onto the rear courtyard.
First Floor Landing Providing access to the loft via a hatch. Carpet flooring.
Bedroom One (4.39m x 4.05m) A well-proportioned double-glazed front-aspect bedroom with carpeted flooring, a central heating radiator and the benefit of built-in storage.
Bedroom Two (3.56m x 3.46m) The second bedroom enjoys a double-glazed rear-aspect window, carpeted flooring, a central heating radiator and built-in storage.
A door from this room leads to an additional space with a UPVC double-glazed rear-aspect window, currently housing the combi boiler.
Family Bathroom (3.54m x 1.42m) The family bathroom is fitted with a white suite comprising WC, pedestal wash hand basin, bath and mains shower over bath, with part-clad walls adding a contemporary finish.
A chrome towel rail, central heating radiator, extractor fan and vinyl flooring complete the room, which is served by a double-glazed rear-aspect window.
Externally To the front of the property is a lawned garden with a block-paved path and gated access, providing a neat and tidy approach to the front entrance.
The rear of the property features an enclosed block-paved courtyard with gated access to the rear lane, an external water source and external storage, offering a low-maintenance outdoor space with practical everyday amenity.
Auctioneers Additional Comments Pattinson Auction are referred to as The Auctioneer.
This auction lot is being sold by either conditional (Modern) or unconditional (Traditional) auction terms and overseen by The Auctioneer.
The method of auction sale and the applicable terms and conditions are found on the lot page of this property on The Auctioneers website.
The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer.
Please be aware that any enquiry, bid or viewing of the subject property will require your details to be shared between any marketing agent and The Auctioneer so that matters can be dealt with effectively.
The property is being sold via a transparent online auction. To submit a bid, all bidders must adhere to a verification of identity process in line with Anti Money Laundering procedures.
Bids can be submitted at any time and from anywhere.
Auctioneers Additional Comments The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price.
The Reserve Price is confidential to the seller and The Auctioneer and will typically be within a range above or below 10% of the Guide Price or Starting Bid. These prices are subject to change.
An auction can be closed at any time, with The Auctioneer permitting the property (the lot) to be sold prior to the end of the auction.
A Legal Pack associated with this property is available to view upon request and contains details relevant to the legal documentation, enabling all interested parties to make an informed decision prior to bidding.
The Legal Pack will also outline the buyers obligations and sellers commitments.
It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
Auctioneers Additional Comments In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price.
The deposit will form part of the purchase price.
A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum fee which could be up to 7,200 inc VAT) is also payable upon agreement of sale.
The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs.
Both the Marketing Agent and The Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received.
There is no requirement or obligation to use any recommended suppliers or services.
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.
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FAQ
About 5, West Street, Stanley
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