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See how verdicts work2-bedroom flat · DL12 8NY
Listing removedListed 408 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
5 Summerlea is a superbly presented two bedroom ground floor apartment with parking and easy access to the centre of Barnard Castle. No onward chain.
Bishop Auckland 15 miles, Darlington 16 miles, Durham 25 miles, Newcastle upon Tyne 42 miles, A1(M) 15 miles. Please note all distances are approximate.
Situated in the historic market town of Barnard Castle, this property provides easy access to the amenities within the town and its surrounding area.
Darlington and Bishop Auckland are both within close proximity, while the cities of Newcastle, Durham, York and Leeds also easily accessible.
There are main line train stations at Darlington and Durham, with International Airports to be found at Newcastle and Leeds/Bradford.
The property lies within easy reach of the A66 and A1(M) bringing many areas within commuting distance.
The Property - This two bedroom ground floor apartment briefly comprises a communal entrance door, hallway, kitchen, living room, two bedrooms and a house bathroom.
Externally, there is one designated parking space. Accommodation - With communal entrance doors to leading to number 5, hallway with two built-in storage cupboards and door to kitchen.
The kitchen includes a matching range of wall and base units incorporating rolled edge worksurfaces with stainless steel sink unit, built-in electric oven, gas hob, integrated washing/drying machine and fridge/freezer with wall mounted gas central heating boiler.
The living room has a window to front elevation. There are two bedrooms and a house bathroom which comprises a panelled bath with shower over, pedestal wash hand basin and low level WC.
Externally - Parking - The property benefits from one designated parking space. Tenure - The property is believed to be offered leasehold with vacant possession on completion.
The lease is for a term of 999 years from December 2008, with approximately 982 years remaining. Service charge £620 per annum. Local Authority And Council Tax - Durham County Council Tel: .
For Council Tax purposes the property is banded B. Services And Other Information - Mains electricity, gas and drainage, and water are connected. Gas fired central heating.
Particulars - Particulars written in September 2025. Photographs taken in September 2025.
Conditions Of Sale – Anti-Money Laundering - Should a purchaser(s) have an offer accepted on a property marketed by GSC Grays they will need to undertake an identification check.
This is done to meet our obligation under Anti Money Laundering Regulations (AML) and is a legal requirement. We use a specialist third party service to verify your identity.
The cost of these checks is £37.50 plus VAT (£45.00 inc VAT) per buyer, which is paid in advance, when an offer is agreed and prior to a sales memorandum being issued. This charge is non-refundable.
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 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
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FAQ
About 5 Summerlea, Barnard Castle
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