2-bedroom terraced house · DL13 5QB
Listing removedListed 342 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A traditional stone built, terraced cottage with fabulous views over the fields for miles, offered to the market with no onward chain.
Ideally suited to anyone seeking the rural lifestyle, this property is surrounded by walks and open green spaces.
It has been in the ownership of our clients for over 40 years and is now offered to the market with the added bonus of no onward chain.
The accommodation comprises of an entrance porch which opens into an open plan living room/dining room with feature bay window and multifuel stove set in a stone fireplace.
There is a generous store in the cupboard under the stairs.
The kitchen is located towards the rear of the property and is a galley style with a selection of units for storage along with some integrated appliances and space for free standing ones as well.
The bathroom completes the layout on the ground floor. On the first floor there are two generous double bedrooms - both of which feature fitted store cupboards and enjoy fine views from the windows.
Externally, the property features a pleasant garden to the front of the property along with an enclosed rear yard and detached garage.
Folly view lies on the edge of the village of Butterknowle where a selection of local amenities can be found.
Other villages close by such as Cockfield and Evenwood offer other shops, healthcare, food out lets, primary schooling and transport links.
MATERIAL INFORMATION: In compliance with the Consumer Protection from Unfair Trading Regulations 2008 and National Trading Standards Estate and Letting Agency Team’s Material information in property listings Guidance PART A Local Authority – Durham County Council Council Tax Band – B Tenure – Freehold - Currently not registered however deeds have been sighted to confirm this PART B Property Type – Mid Terrace Property Construction – Stone Number & Types of Rooms – Please refer to the details and floorplan, all measurements taken being the maximum dimensions available between internal walls Electricity supply – Mains Water Supply - Mains un metered Sewerage – Mains Heating - Solid fuel stove with back boiler Estimated Mobile phone coverage – Please refer to the Ofcom Website - Estimated Broadband Download speeds – please refer to the Ofcom Website – Parking: Garage PART C 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 - None Rights & Easements- None Flood risk – very low Coastal Erosion - NA Protected Trees – No Conservation area – No Planning Permission – No Accessibility – The property has not been altered for accessibility Mining Area – Located in a historical mining area Selective License Area – no Included/excluded from the sale - sold as seen No other Material Information disclosures have been made by the vendor.
This information has been compiled in good faith using resources readily available online and by enquiry of the vendor prior to marketing.
However, such information could change after compilation of the data, so J W Wood cannot be held liable for any changes post compilation or any accidental errors or omissions.
Furthermore, J W Wood are not legally qualified and conveyancing documents are often complicated, necessitating judgement on our part about which parts are “Material Information” to be disclosed.
If any information provided, or other matter relating to the property, is of particular importance to you, please do seek verification from a legal advisor before committing to expenditure.
HMRC supervises the legal obligation for all estate agents to conduct identity checks on their customers, this includes buyers when their offer is accepted.
This must be completed, per purchaser, who in the transaction will result in being the legal owner(s) of the property.
There is a £30 (inc VAT) administration fee per individual purchaser, for these checks
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 Folly View, Butterknowle, Bishop Auckland, DL13
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