2-bedroom bungalow · DL16 7AF
For saleReduced £9.9k (−8.3%) on 23 MayListed 212 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
***RARE TO THE MARKET *** Robinsons are delighted to present this rarely available two-bedroom detached bungalow, offered to the market with no upper chain.
Situated on the outskirts of Spennymoor, the property enjoys an excellent location just a short walk from local bus routes, while Spennymoor Town Centre and its wide range of amenities are approximately one mile away.
The bungalow benefits from UPVC double glazing, gas central heating, and spacious accommodation throughout, making it an ideal purchase for a buy-to-let investor, a retired couple, or anyone looking to downsize to a well-positioned and low-maintenance home.
Internally, the property briefly comprises a welcoming entrance porch leading into a bright and generous lounge, a well-presented kitchen, a useful rear lobby, two double bedrooms, and a modern shower room.
Externally, the front features an easy-to-maintain garden, while the rear boasts a larger-than-average garden with a patio area, offering a pleasant space for relaxation or outdoor entertaining.
This charming bungalow presents a fantastic opportunity in a sought-after location, and early viewing is highly recommended.
EPC Rating D Council Tax Band A Porch - Quality flooring, access to lounge Lounge - 4.98m x 4.75m (16'4 x 15'7) - UPVC window, radiator, quality flooring Kitchen - 3.71m x 2.44m (12'2 x 8'0) - Modern wall and base units, stainless steel sink with drainer, gas cooker point, plumbed for washing machine, space for fridge freezer, UPVC window, tiled splash backs Rear Lobby - 2.49m x 1.88m (8'2 x 6'2) - Access to front and rear UPVC window and radiator Inner Hall - Access to bedrooms and shower room Bedroom One - 3.78m x 3.35m (12'5 x 11'0) - UPVC window, Radiator, fitted wardrobes, quality flooring Bedroom Two - 3.28m x 2.92m (10'9 x 9'7) - UPVC window, radiator, fitted wardrobes, quality flooring Shower Room - 2.59m x 2.03m (8'6 x 6'8) - Double shower cubicle , wash hand basin, w/c, UPVC window, extractor fan, Loft Access, Storage base units, Chrome towel radiator.
Externally - To the front elevation is an easy to maintain garden, while to the rear there is a large enclosed garden and patio area Agents Notes - Council Tax: Durham County Council, Band A - Approx.
£ TBC Tenure: Freehold Estate Management Charge – NA Property Construction – Non-Standard Number & Types of Rooms – Please refer to the details and floorplan, all measurements are for guidance only Gas Supply - Mains Electricity supply – Mains Water Supply – Mains (not metered) Sewerage – Mains Heating – Gas Central Heating 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 – NA Probate – granted Rights & Easements – None known, check with seller Flood risk – Refer to the Gov website - Coastal Erosion – Refer to the Gov website - Protected Trees – check with seller Planning Permission – Nothing in the local area to affect this property that we are aware of.
Check with seller. Accessibility/Adaptations – NA 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 £30 (inc. VAT) per individual purchaser applies for carrying out these checks.
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.
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About Lyne Road, Spennymoor
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