Modern Method of Auction
Auction date not yet published
2-bedroom semi-detached house · DL16 6RQ
For saleListed 13 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
For sale by modern auction, starting price £65,000 plus reservation fee.
Enjoying a pleasant position on the outskirts of this established residential development, we are delighted to offer for sale this competitively priced two-bedroom semi-detached home.
Requiring a degree of modernisation and updating throughout, the property presents an excellent opportunity for a first-time buyer looking to create their ideal home or a buy-to-let investor seeking a well-located addition to their portfolio.
Offered to the market with no onward chain, this property represents fantastic potential and value.
Situated within approximately a ten-minute walk of Spennymoor Town Centre, local shops, schools and amenities, the property is also ideally located for commuters travelling to Durham City Centre, Darlington and Teesside, with the A1(M) and A19 providing excellent road links throughout the region.
The floorplan briefly comprises: Entrance Hall, Lounge, Kitchen/Dining Room and Rear Lobby. To the first floor are two generous double Bedrooms and a Family Bathroom.
Externally, the property benefits from a garden and off-road parking to the front, whilst to the rear there is a good-sized enclosed garden enjoying a pleasant outlook over woodland.
Properties offering such potential in this popular location rarely remain on the market for long, therefore early viewing is highly recommended to avoid disappointment.
EPC Rating: TBC Council Tax Band: A This property is for sale by The Great North Property Auction powered by iam-sold Ltd.
* For Sale by Auction – T & C’s apply * Subject to an undisclosed Reserve Price * Reservation Fees Applicable * The Modern Method of Auction Hallway - Stairs to first floor.
Lounge - 3.66m x 4.09m max points (12'0 x 13'5 max points) - Upvc window, radiator.
Kitchen / Diner - 5.11m x 2.79m (16'9 x 9'2 ) - Base units, integrated oven, hob, stainless steel sink with mixer tap and drainer, plumbed for washing machine, Upvc window, radiator.
Rear Lobby - Access to rear. Landing - Loft access, storage cupboard. Bedroom One - 5.08m x 2.82m (16'8 x 9'3 ) - Upvc windows, radiator.
Bedroom Two - 3.20m x 2.90m (10'6 x 9'6) - Upvc window, radiator. Bathroom - Panelled bath with shower over, wash hand basin, W/C, chrome towel radiator, Upvc window.
Externally - To the front elevation is a easy to maintain garden and driveway, while to the rear there is a good sized enclosed patio/ garden.
Auction Notes - 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.
A Buyer Information Pack is provided. The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.50% 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. Payment varies but will be no more than £450.00.
These services are optional.
Agents Notes - Council Tax: Durham County Council, tax band - A Tenure: Freehold Property Construction – Standard Number & Types of Rooms – Please refer to the details and floorplan, all measurements are for guidance only Electricity supply – Mains Water Supply – Mains Sewerage – Mains Heating – Gas Estimated Mobile phone coverage – Please refer to the Ofcom Website - Estimated Broadband Download speeds – please refer to the Ofcom Website – Building Safety – The Vendor is not aware of any Building Safety issues.
However, we would recommend that the purchaser engages the services of a chartered surveyor to confirm.
Restrictions – covenants which affect the property are within the Land Registry Title Register which is available for inspection.
Selective licencing area – no Probate – no Rights & Easements – None known Flood risk – refer to the Gov website - Coastal Erosion – refer to the Gov website - Protected Trees – None known Planning Permission – Nothing in the local area to affect this property that we are aware of.
Accessibility/Adaptations – stair access only, no lift Mining Area – Coal Mining Reporting Area, further searches may be required by your legal representative.
Disclaimer: Our details have been compiled in good faith using publicly available sources and information obtained from the vendor prior to marketing.
Verification and clarification of this information, along with any further details concerning Material Information parts A, B & C, should be sought from a legal representative or appropriate authorities before making any financial commitments.
Robinsons cannot accept liability for any information provided subsequent amendments or unintentional errors or omissions.
HMRC Compliance requires all estate agents to carry out identity checks on their customers, including buyers once their offer has been accepted.
These checks must be completed for each purchaser who will become a legal owner of the property. An administration fee of £60 (inc. VAT) per individual purchaser applies for carrying out these checks.
Value & comps
No previous sales on record.
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Returns
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We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below starting price
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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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