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See how verdicts work1-bedroom flat · DL16 7NG
Listing removedListed 171 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Rarely available this chain free, one bedroom, ground floor flat which is conveniently situated in this quiet residential development within close proximity of Spennymoor Town Centre and local amenities.
This chain free property is an excellent opportunity for the first time buyer or investors alike, the property further benefits from double glazing and gas central heating.
The floorplan briefly comprises; Entrance hallway, open plan living/dining room, kitchen, primary bedroom and bathroom.
Externally to the side of the property there is a driveway providing off street parking whilst also having gardens to the front and rear. Entrance Hallway Double glazed entrance door.
Living/Dining Room (4.46m x 3.47m) Double glazed window to front and radiator.
Kitchen (3.02m x 1.85m) Fitted base units with coordinating work surfaces, single drainer sink unit, electric cooker point, space for washing machine, space for fridge freezer.
Partially tiled walls, tiled floor, radiator and double glazed window to rear. Primary Bedroom (3.02m x 1.85m) Double glazed window to rear, fitted wardrobes, radiator and cupboard housing boiler.
Bathroom Three piece suite comprising panelled bath with electric shower over, pedestal wash hand basin, low level WC, partially tiled walls, double glazed window to side and radiator.
Front Garden Laid to lawn. Rear Garden Laid to lawn with paved patio area, fenced boundaries and gated access. Driveway Hardstand for two cars in tandem to the side of the property.
EPC Rating C Agent Notes Council Tax: Durham County Council, Band A Tenure: Leasehold, confirmation of this should be confirmed by your legal representative.
Approximately 950 years remaining on an original 999 year lease. Estate Management Charge – No. Property Construction – Standard Gas Supply - Mains.
Electricity supply – Mains Water Supply – Mains Sewerage – Mains Heating – Gas Central Heating Estimated Mobile phone coverage – Please refer to the Ofcom Website Estimated Broadband Download speeds – Please refer to the Ofcom Website 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 – Covenants which affect the property are within the Land Registry Title Register which is available for inspection. Selective licensing area – No. Agent Notes Cont.
Rights & Easements – None known.
Flood risk – Refer to the Gov website Coastal Erosion – Refer to the Gov website Protected Trees – None known Planning Permission – Nothing in the local area to affect this property that we are aware of.
Check with seller and solicitors. Accessibility/Adaptations – None known Mining Area – Coal Mining Reporting Area, further searches may be required by your legal representative.
Disclaimer Disclaimer: Our details have been compiled in good faith using publicly available sources and information obtained from the vendor prior to marketing.
Verification and clarification of this information, along with any further details concerning Material Information parts A, B & C, should be sought from a legal representative or appropriate authorities before making any financial commitments.
Ben Charles Ltd cannot accept liability for any information provided subsequent amendments or unintentional errors or omissions.
Leasehold The owner informs is there is a peppercorn ground rent of zero and no service charge.
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
Agent & docs
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FAQ
About 4, St. Pauls Close, Durham
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