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See how verdicts work2-bedroom semi-detached house · TS28 5JP
Listing removedReduced £16k (−29.1%) on 23 MayListed 249 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This semi-detached house in Wingate village is a fantastic opportunity for investors, as it needs some work but has great potential.
Boasting two bedrooms, a functional kitchen, and a cosy living room, this property is ideal for modernisation. The spacious garden offers a peaceful retreat for outdoor activities.
Listed via the modern method of sale, this property is perfectly suited for investors or first time buyers looking to maximise its value and create a desirable living space.
Situated in the sought-after Wingate location, close to amenities, schools, and transport links, this property presents a lucrative investment opportunity.
While some renovation work is required, the property's prime location, generous layout, and appealing features make it a compelling choice for those looking to increase its value.
Don't miss the chance to transform this property into a profitable asset. Contact us today to schedule a viewing.
Kitchen 2.4m x 4.5m Counter top with cupboards, tiled flooring, gas hob with oven, stainless steel sink. Living Room 4m x 3.1m UPVC window, entrance from hallway.
Bedroom one 2.4m x 4.5m UPVC window to rear, radiator. Bedroom two 3.7m x 3.5m UPVC window, radiator. Bathroom Bath, sink basin, toilet, upvd frosted window.
Modern method disclaimer Auctioneer Comments: This property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 56 Day Reservation Period.
Interested parties’ personal data will be shared with the Auctioneer (iamsold Ltd). If considering a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided, which you must view before bidding. The buyer will pay £349 inc VAT for this pack.
The buyer signs a Reservation Agreement and makes payment of a Non-Refundable Reservation Fee of 4.5% of the purchase price inc VAT, subject to a minimum of £6,600 inc VAT.
This Fee is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. The Fee is considered within calculations for stamp duty.
Services may be recommended by the Agent/Auctioneer in which they will receive payment from the service provider if the service is taken.
Payment varies but will (truncated) Disclaimer Your home is at risk if you do not keep up repayments on your mortgage or other loans secured on it.
It is now a legal requirement under the Estate Agents Act 1991, to establish what mortgage, if any, is required and to confirm the applicants ability to obtain this finance.
If you need any help or advice over obtaining a mortgage, our mortgage department will be pleased to help and advise you on all Building Society or Bank mortgages without obligation.
This service is available even if you are not buying via ourselves. Written quotations available on request. There is no charge for this service.
Please note that all sizes have been measured with an electronic measuring tape and are approximations only.
Under the terms of the property miss-descriptions act we are obliged to point out that none of the services described in these particulars have been tested by ourselves.
We present these details of the property in good faith and they were accurate at the time at which we (truncated) Material information We are advised by the seller that the property has mains provide gas, electricity, water and drainage.
MAINTENANCE/SERVICE CHARGES-n/a PARKING ARRANGEMENTS: On street BROADBAND SPEED: The maximum speed for broadband in this area is shown by inputting the postcode at the following link here> Broadband Speed Checker - UK's No.1 Broadband Speed Test ELECTRIC CAR CHARGER- No MOBILE PHONE SIGNAL: No known issues at the property NORTH EAST OF ENGLAND- EX MINING AREA: We operate in an ex-mining area.
This property may have been built on or near an ex-mining site. Further information can/will be clarified by the Solicitors prior to completion.
The information above has been provided by the seller and has not yet been verified at this point of producing this material.
There may be more information related to the sale of this property that can be made available to any potential buyer.
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.
Area
Agent & docs
FAQ
About Kings Road, Wingate, TS28
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