2-bedroom house · DH4 4RA
Sold STCReduced £10.1k (−9.1%) on 27 AugListed 79 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Charming Detached Cottage | Large Plot | Two Bedrooms Plus Two Loft Rooms | Private Garden & Parking A rare opportunity to acquire Thrift Cottage, a charming detached home on Mill Pit in the heart of Shiney Row.
Occupying a generous plot with a private rear garden and off-street parking, this unique property offers character, space and versatility, making it a home that truly needs to be viewed to be fully appreciated.
The well-planned accommodation includes a spacious lounge, providing a welcoming space to relax, alongside a well-appointed kitchen with ample storage and workspace.
The property benefits from two generous bedrooms on the main floor, complemented by a family bathroom.
Adding to its appeal are two versatile loft rooms, offering fantastic additional space that could be used as a home office, hobby room, dressing room or occasional accommodation, subject to individual requirements.
Outside, the generous plot provides excellent outdoor space, with a private rear garden offering the perfect setting for relaxing or entertaining.
Off-street parking adds further convenience, a valuable feature for this central village location.
Situated in the popular village of Shiney Row, the property is well placed for local shops, schools and everyday amenities, while excellent transport links provide easy access to Sunderland, Durham and the A19.
To book A viewing - You can use the brochure link in the full property description in the Rightmove advert or speak to an expert - whatever you need, we're available.
Reach us from 9am - 6pm between Monday and Friday, and from 9am - 5pm on a Saturday.
Property Ownership Information Tenure Freehold Council Tax Band A Property Description Disclaimer This is a general description of the property only, and is not intended to constitute part of an offer or contract.
It has been verified by the seller(s), unless marked as "draft".
Purplebricks conducts some valuations online and some of our customers prepare their own property descriptions, so if you decide to proceed with a viewing or an offer, please note this information may have been provided solely by the vendor, and we may not have been able to visit the property to confirm it.
If you require clarification on any point then please contact us, especially if you’re traveling some distance to view.
All information should be checked by your solicitor prior to exchange of contracts. Successful buyers will be required to complete anti-money laundering and proof of funds checks.
The current non-refundable cost is £80 inc. VAT per offer. You’ll need to pay this to Purplebricks and complete all checks before we can issue a memorandum of sale.
The cost includes obtaining relevant data and any manual checks and monitoring which might be required.
Value & comps
No previous sales on record.
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 asking
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 advisors 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
.png)
FAQ
About Thrift Cottage, Mill Pit, Houghton le Spring
Explore nearby