3-bedroom semi-detached house · DL16 7UW
Listing removedListed 112 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Available now and first month rent half price! An ideal family home available on the Rent to Buy scheme.
The ground floor has a lounge and open plan kitchen with dining area and French doors leading on to the garden. On the first floor there are two double bedrooms, a single and family bathroom.
Pictures are for illustrative purposes only. Viewings can be arranged once applications are approved.
The Rent to Buy scheme The ultimate aim of the scheme is to allow you to take advantage of the reduced market rent in the 5 year term, allowing you to save for a deposit.
After 5 years, if the property is not purchased, the rent will increase to be in line with full Market Rent.
At the end of the 5 year term, you will have first refusal to buy the property, subject to meeting the criteria and financial qualification.
The sale of the property will always be agreed at Market Value, established by a qualified, RICS valuer. The 4 key eligibility requirements for this scheme are: 1.
The property must be your only home 2. At least one member of your household needs to be in permanent employment 3. The rent should utilise 25% - 45% of your household income 4.
If you are an existing homeowner, you may be eligible, for example, if due to a relationship breakdown Email us to find out more. *Photos for illustration purpose only*
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.
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 Edison Drive, Spennymoor, Durham
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