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See how verdicts work2-bedroom terraced house · DH7 9SF
For saleListed 5 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Description ### well-presented 2 bedroom end terrace offered to the market with 50% or 100% ownership and no upper chain ### (part ownership subject to eligibilty with bernicia housing association)Offered for sale with no onward chain is this end terrace home, available to purchase on a 50% or 100% ownership basis.
Occupying a pleasant position, the property should appeal to first-time buyers and those looking to take advantage of an affordable route onto the property ladder.
The property comprises an entrance hallway, downstairs WC, fitted kitchen and a spacious lounge with French doors opening onto the enclosed rear garden.
To the first floor there are two bedrooms, the main bedroom benefitting from en suite facilities, together with a wet room.Externally, there is a garden to the front, an enclosed rear garden and an allocated parking space.Tenure: Leasehold with approximately 78 years remaining (99-year lease commencing 1 January 2006).
- freehold tenure will be passed onto A buyer if 100% ownership is purchased.Council Tax: Durham County Council, Band B.EPC Rating: CRoom DescriptionHallway - Enter via Hardwood front door into a hallway with vinyl flooring and access to a kitchen and WC.
Wall mounted radiator.Lounge - 13' x 13'3 (3.97m x 4.06m) - Spacious lounge with laminate flooring, double set of UPVC French doors leading to a rear garden and rear-facing UPVC double glazed window.
Carpeted staircase to the first floor and under stairs cupboard. Wall mounted - 9'1 x 6'3 (2.80m x 1.93m) - Vinyl flooring, range of fitted base and wall units with work surfaces and tiled splashback.
Integrated electric oven, gas hob and overhead extractor. Integrated fridge/freezer and space for a freestanding washing machine. Enclosed Worcester combination boiler.
Stainless steel sink with mixer tap below a forward-facing UPVC double glazed window. Wall mounted radiator.WC - 5'9 x 2'4 (1.80m x 0.73m) - Vinyl flooring, access to a toilet and wash basin.
Forward-facing UPVC double glazed window and wall mounted radiator.First Floor Landing - Carpeted landing with a side-facing UPVC double glazed window. Access to 2 bedrooms and a bathroom.
Wall mounted radiator.Bedroom One - 10'2 x 13'3 (3.13m x 4.07m) - Laminate flooring, 2 rear-facing UPVC double glazed window, 2 wall mounted radiators, fitted wardrobe, loft hatch and access to an ensuite.Ensuite - 3'2 x 7' (0.97m x 2.13m) - Tiled flooring and splashback, access to a toilet, wash basin and shower cubicle with a jet stream mains mixer shower.
Extractor fan.Bedroom Two - 9'4 x 6'9 (2.89m x 2.11m) - Laminate flooring, forward-facing UPVC double glazed window, fitted wardrobe and wall mounted radiator.Wet Room -6'2 x 5'3 (1.92m x 1.62m) - Vinyl flooring and tiled splashback.
Access to a toilet, wash basin and walk-in shower area with a mains mixer shower. Forward-facing UPVC double glazed window, wall mounted radiator and extractor fan.Exterior - Garden to the front.
Larger private garden to the rear with shed.The Shared Ownership Scheme is designed to assist first-time buyers and those in genuine housing need who may not otherwise be able to purchase a suitable home outright.
The property is held on a 99-year lease commencing 1 January 2006.
Any purchaser must first be approved by Bernicia before a sale can proceed and must not own another property unless it is currently being sold.
The property cannot be purchased for sub-letting purposes.Shared Ownership - The following points also apply to shared ownership:1.The Shared Ownership Scheme is aimed at assisting first time buyers and people in genuine housing difficulties who would not normally be able to purchase a suitable property outright on the open market.2.The lease commenced 01 January 2006 for a period of 99 light of our continuing interest in the property, no sale must progress or offer be accepted until the applicant has been approved by Bernicia.
All applications are to be submitted to and forms can be obtained from Robinsons office or emailing Bernicia.4.The applicant must not own another property, unless they are currently selling it.5.Under the terms of the Lease the purchaser must not be purchasing in order to sub-let the property.6.There are charges to be paid to Bernicia in respect of the property and prospective purchasers must be made aware of these.
The rent is reviewed annually each April, and the monthly charges are currently:Rent £409.72Service charge inc buildings insurance: £16.68Administration: £14.91Total £441.31
Value & comps
No previous sales on record.
Returns
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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.
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About 23 The Woodlands, Langley Park
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