Modern Method of Auction
Auction date not yet published
2-bedroom terraced house · DL1 1UR
Sold STCListed 47 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
*** NO CHAIN SALE *** *** FULL REFURBISHMENT REQUIRED THROUGHOUT *** In need of a full refurbishment, this two bedroom mid-terraced house, situated close to the town centre, ideal for an investor, developer, or large family.
The property comprises of; entrance hall, living room, leading to a good size open plan dining room, with a kitchen located to the rear of the property.
The first floor provides a landing with two double bedrooms and a family bathroom. Externally, the property has a rear parking area, and a back yard.
This property is for sale by the Modern Method of Auction which is not to be confused with traditional auction. The Modern Method of Auction is a flexible buyer friendly method of purchase.
We do not require the purchaser to exchange contracts immediately, but grant 28 days to achieve exchange of contracts from the date the buyer's solicitor is in receipt of the draft contracts and a further 28 days thereafter to complete.
Allowing the additional time to exchange on the property means interested parties can proceed with traditional residential finance.
Upon close of a successful auction or if the vendor accepts an offer. For a viewing contact SMITH & FRIENDS - Estate Agents Darlington, Early viewing is highly recommended. FOR SALE BY AUCTION.
STARTING BID PRICE £40,000 Ground Floor - Entrance Hall - 0.92m x 0.95m (3'0" x 3'1") - Living Room - 3.94m x 4.09m (12'11" x 13'5") - Dining Room - 3.63m x 4.83m (11'10" x 15'10") - Kitchen - 4.73m x 1.71m (15'6" x 5'7") - First Floor - Landing - 0.76m x 2.79m (2'5" x 9'1") - Bedroom 1 - 3.94m x 4.09m (12'11" x 13'5") - Bedroom 2 - 3.59m x 2.83m (11'9" x 9'3") - Family Bathroom - 2.67m x 2.28m (8'9" x 7'5") - Auctioneers 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 Part Payment Deposit of 4.5% of the purchase price, subject to a minimum of £6,600.00.
This is paid to reserve the property to the buyer during the Reservation Period and is used as part-payment towards 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.
Any payment that will be received by the Agent or Auctioneer will be confirmed to you in writing before services are taken. 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 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

FAQ
About High Northgate, Darlington
Explore nearby