2-bedroom flat · DL12 8NG
To rentListed 22 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A well presented two bedroom, second floor apartment situated within an over 55s development.
The Property 4 Chapel Court is a well presented two bedroom second floor apartment located within easy reach of the town centre, within an over 55s development.
The accommodation in brief comprises a well proportioned living room, modern fitted kitchen and shower room, as well as two good sized bedrooms. Local Authority Durham County Council. Band C.
Services The property benefits from mains electricity, water and drainage. The property is heated by electric wall mounted heaters. Energy Performance Certificate The property is currently rated 73/C.
Parking There is an allocated off road parking space to the rear. Prospective tenants are advised to perform their own due diligence in respect of mobile coverage
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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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 Newgate, Barnard Castle, County Durham, DL12
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