Modern Method of Auction
Auction date not yet published
2-bedroom flat · DL17 8PW
For saleListed 183 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Ground floor and top florr apartments sold together!
Apartments available to purchase with tenant in situ, currently paying Top floor apartment paying £310pcm, and ground floor paying £375pcm, providing an excellent investment opportunity!
Briefly comprising a living room, kitchen, bathroom, one bedroom, first floor apartment.
Council Tax - Band A - Durham Council This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period").
Interested parties personal data will be shared with the Auctioneer (iamsold). If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT.
This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken.
Any payment that will be received by the Agent or Auctioneer will be confirmed to you in writing before services are taken. Services are optional.
Ground Floor Apartment Open Plan Lounge/Kitchen Diner 3.81 x 3.63 - Part Carpet and Lino flooring, range of wall and base kitchen units, integrated gas oven and hob, plumbing for washer, sink.
Double glazed windows and radiator Bathroom 2.13 x 2.06 - 3 Peice bathroom suite with WC, wash hand basin, bath with over head shower, radiator and double glazed window Bedroom 4.57 x 2.74 - With carpet flooring, double glazed window and radiator Top Floor Apartment Open Plan Lounge/Kitchen Diner Part Carpet and Lino flooring, range of wall and base kitchen units, integrated gas oven and hob, plumbing for washer, sink.
Double glazed windows and radiator Bathroom 2.13 x 2.06 - 3 Peice bathroom suite with WC, wash hand basin, bath with over head shower, radiator and double glazed window Bedroom 4.57 x 2.74 - With carpet flooring, double glazed window and radiator DISCLAIMER Your home is at risk if you do not keep up repayments on your mortgage or other loans secured on it.
MORTGAGE ADVICE It is now a legal requirement under the Estate Agents Act 1991, to establish what mortgage, if any, is required and to confirm the applicants ability to obtain this finance.
If you need any help or advice over obtaining a mortgage, our mortgage department will be pleased to help and advise you on all Building Society or Bank mortgages without obligation.
This service is available even if you are not buying via ourselves. Written quotations available on request. There is no charge for this service.
Please note that all sizes have been measured with an electronic measuring tape and are approximations only.
Under the terms of the property miss-descriptions act we are obliged to point out that none of the services described in these particulars have been tested by ourselves.
We present these details of the property in good faith and they were accurate (truncated)
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
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 starting price
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
FAQ
About 17 and 17B Newton Street, Ferryhill, County Durham, DL17
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