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See how verdicts work3-bedroom terraced house · DH5 0AT
Sold STCListed 88 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This three bedroom mid-terrace home, is positioned on Station Road in Houghton Le Spring.
Offered for sale with the benefit of no onward chain, the property presents an excellent opportunity for first time buyers.
For sale by Modern Method of Auction: Starting Bid Price £37,000 plus Reservation Fee This property is for sale by The Great North Property Auction powered by iam-sold.
The accommodation briefly comprises an entrance hallway leading to a spacious lounge, an open-plan kitchen and dining area, and ground floor bathroom WC.
To the first floor, there are three well-proportioned bedrooms, with the principal bedroom benefiting from its own en suite bathroom. Further benefits include gas central heating and double glazing.
Externally, the property offers a low-maintenance enclosed rear yard incorporating a covered car port, accessed via an up-and-over garage door, providing secure off-street parking.
The location offers a wide range of everyday amenities, including supermarkets, independent shops, cafés, schools for all ages and healthcare facilities, making it ideal for families, first-time buyers and downsizers alike.
Excellent transport links provide easy access to Sunderland, Durham and Newcastle via the A19 and A1(M), while regular public transport services connect the surrounding towns and villages.
Residents also benefit from nearby parks, walking routes and leisure facilities, offering a great balance of convenience and outdoor recreation.
For more information and to book a viewing, please call our team on . Tenure The agent understands the property to be freehold. However, this should be confirmed with a licenced legal representative.
Council Tax Band: A Auctioneer's Comments - 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
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 Station Road, Houghton Le Spring
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