2-bedroom terraced house · DL17 9LH
For saleListed 1182 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Investment opportunity. Established tenant currently residing. For sale with tenant in situ. Current rental agreement £450PCM. Ben Charles are delighted to offer this two bedroom house to the market.
The accommodation briefly comprises to the ground floor: Entrance hallway, cloakroom/WC, living/dining room and kitchen. To the first floor are two bedrooms and family bathroom/wc.
Externally there is an enclosed rear garden with patio area and an allocated parking space to the front. Situated pleasantly within the popular location of Reading Street, West Cornforth.
With easy access to all of the immediate amenities offered in and around the area, the property is also a short drive into Sedgefield and is within good commuting distance to all major road networks & bus routes.
An excellent opportunity to acquire a tenanted property, returning a strong yield. Early viewing is recommended. Entrance Hallway Double glazed entrance door and storage cupboard.
Cloakroom/WC (1.61m x 0.77m) Double glazed window to front, low level WC, wash hand basin and radiator.
Living/Dining Room (4.91m x 3.86m) Television point, radiator, staircase to first floor, radiator and double glazed patio doors leading to rear garden.
Kitchen (3.74m x 1.72m) Fitted wall and base units with coordinating work surfaces, single drainer sink unit, integrated electric oven, integrated electric hob, extractor hood, space for washing machine, partially tiled walls, radiator and double glazed window to front.
First Floor Landing Access to roof space. Master Bedroom (4.13m x 3.9m) Double glazed window to rear, radiator and storage cupboard.
Bedroom Two (3.53m x 3.29m) Two double glazed windows to front and radiator.
Bathroom (1.85m x 1.8m) White three piece suite comprising panelled bath with shower over, pedestal wash hand basin, low level WC, extractor fan and radiator.
Front Garden Driveway providing off street parking. Rear Garden Laid to lawn with paved patio, fenced boundaries and gated access. EPC Rating Tbc Council Tax Band A
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
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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 33, Reading Street, Ferryhill
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