4-bedroom house · DL16 7BX
Listing removedReduced £5k (−3.7%) on 8 AugListed 79 days
Opportunity summary
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About
Four bedroomed mid-terrace family home located in Everson Way, Spennymoor.
Ideally positioned to allow for easy access to a range of local amenities from supermarkets to popular retail stores and cafes as well as both primary and secondary schools.
There is an extensive public transport system in the area allowing for access to neighbouring towns and villages such as Bishop Auckland and Durham, whilst the A689 is nearby leading to the A1(M) both North and South.
In brief the property comprises; an entrance hall leading through into the open plan living room/dining room, kitchen and cloakroom to the ground floor.
The first floor contains the master bedroom, fourth bedroom, and bathroom while stairs lead up to the second floor containing two further bedrooms and shower room.
Externally there is an enclosed lawned garden with patio area idea for outdoor furniture. There is a parking bay and garage providing off street parking.
Living Room (4.15m x 3.94m (13'7" x 12'11")) Spacious living room located to the rear of the property with French doors to the rear elevation.
Kitchen (5.1m x 2.43m (16'8" x 7'11")) The kitchen is fitted with a range of wall, base and drawer units, contrasting work surfaces, tiled splash backs and sink/drainer unit.
Space is available for free standing appliances. Cloakroom (1.7m x 0.9m (5'6" x 2'11")) Fitted with a WC and wash hand basin.
Master Bedroom (3.97m x 3.82m (13'0" x 12'6")) The master bedroom is a spacious double bedroom, with room for a king sized bed, further furniture and window to the rear elevation.
Bathroom (2.1m x 2.0m (6'10" x 6'6")) The bathroom is fitted with a panelled bath, WC and wash hand basin.
Bedroom Four (3.4m x 2.1m (11'1" x 6'10")) The fourth bedroom is a single room with window to the front elevation.
Bedroom Two (3.9m x 3.7m (12'9" x 12'1")) Large double bedroom with window to the front elevation.
Jack & Jill Shower Room (2.0m x 1.85m (6'6" x 6'0")) Fitted with a single shower cubicle, WC and wash hand basin.
Bedroom Three (4.0m x 3.5m (13'1" x 11'5")) The third bedroom is a double bedroom with window to the rear elevation.
External Externally there is an enclosed lawned garden with patio area idea for outdoor furniture. There is a parking bay and garage providing off street parking.
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
Agent & docs
FAQ
About 16, Everson Way, Spennymoor
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