1-bedroom flat · DL16 6QE
Listing removedListed 53 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A spacious & immaculately presented first floor apartment which has one bedroom as well as open plan living accomodation with a modern kitchen, a newly fitted bathroom and parking to the rear.
The property is located in the heart of Spennymoor town centre and is extremely well served by a wide variety of amenities and services.
The newly refurbished accommodation benefits from wi-fi electric radiators and has a spacious open plan living/dining/kitchen area, a large bedroom and a the modern bathroom.
Externally is a communal entrance, a shared yard and parking to the rear. Viewing is strongly recommended.
Entrance Hall Lounge/Kitchen/Dining Room A modern & spacious open plan living area which has two double glazed windows to the front, two wi-fi electric radiators and laminate flooring.
The kitchen has a modern range of wall & base units with worksurface space, electric hob with extractor hood/stainless steel splash back, stainless steel sink unit with mixer tap, plumbing for a washing machine and space for a fridge freezer.
Bedroom A spacious double bedroom which has a double glazed window to the rear and a wi-fi radiator.
Bathroom Having a panelled bath with shower over, a wc, wash basin set in fitted storage unit, tiling, a heated towel rail and a double glazed window.
Externally Entry to the property is to the rear via a shared yard which gives access to a communal hallway and staircase. Parking is to the rear.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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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
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FAQ
About 27a, Cheapside, Spennymoor
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