2-bedroom house · DL16 7US
Listing removedReduced £3k (−2.3%) on 8 JulListed 215 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Modern 2-Bedroom Terraced Property. Set in a private position with a pleasant outlook to the front, this modern two-bedroom terraced home is ideal for first-time buyers.
The ground floor comprises an entrance vestibule, a convenient cloakroom/WC, a spacious lounge, and a modern dining kitchen featuring French doors that open out to the rear garden.
To the first floor, there are two well-proportioned double bedrooms (master with a walk-in wardrobe) and a modern family bathroom.
Externally, the property benefits from an enclosed rear garden with timber decking and an area of artificial lawn-perfect for low-maintenance outdoor living.
To the front, there is a block-paved driveway providing off-street parking.
Tucked away in a quiet spot on the popular Merrington Park estate, the property is conveniently located close to Spennymoor town centre and offers excellent transport links.
Early viewing is highly recommended.
Ground Floor Accommodation Entrance Vestibule Cloaks/Wc Lounge 3.89m x 3.43m - 12'9” x 11'3” Dining Kitchen 4.32m x 2.77m - 14'2” x 9'1” First Floor Accommodation First Floor Landing Bedroom One 3.35m x 3.23m - 10'12” x 10'7” Bedroom Two 3.4m x 2.31m - 11'2” x 7'7” Externally
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
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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.
Area
Agent & docs
FAQ
About 38, Woodward Road, Spennymoor
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