4-bedroom house · DL11 7HF
For saleListed 81 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
2 Lanehead Cottages is a fabulous four bedroom house with a lovely garden and paddock, in a glorious rural location 6.5 miles from Barnard Castle.
Location 2, Lanehead Cottages is less than a mile outside Hutton Magna, a small rural village on the southern edge of County Durham.
Barnard Castle (6.5 miles) is the nearest market town and has primary and secondary schools, extensive amenities including local shops and supermarkets.
Richmond (9.2 miles) has further services including schools, supermarkets, a twice weekly market, a theatre and cinema.
Barnard Castle School is a well regarded private school with a prep and senior school. Darlington (17 miles) has a train station on the East Coast Main Line.
The Property The house is one of a pair of cottages, offering well planned accommodation set in 0.62 of an acre.
There is a good sized sitting room with dual aspect and a door to the front of the house.
The kitchen/living room is a fabulous space with room for a dining table and sitting area, it has bi-folding doors to two sides opening on to a very civilised decked terrace.
To the first floor there are three good sized bedrooms and a house bathroom. The light and airy master bedroom is on the second floor with a vaulted ceiling and open shower room at one end.
The garden and grounds are extensive and offer a lawned area, paddock land, a small orchard and a vegetable garden.
The house is accessed over a short drive onto a parking area where there is a timber garage. Services Private drainage, mains water and oil central heating.
Council Tax Band B paid to Durham Council Connectivity Standard broadband is available (Ofcom) and mobile reception is "good outdoor" (Ofcom)
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 2, Lanehead Cottages, Hutton Magna, Richmond
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