Modern Method of Auction
Auction date not yet published
3-bedroom terraced house · DL17 0BN
Sold STCListed 435 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
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 buyer will pay £300.00 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 4.50% 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.
Safe and Secure welcome to the market this Three Bedroom Mid Terraced House in the popular area of Encombe Terrace, Ferryhill.
This spacious property benefits from gas central heating, double glazing and yard to rear. Close to local amenities and transport links the property would suit a wide variety of buyers.
With vacant possession, viewings are recommended. Entrance hall Double glazed entrance door, double glazed window to front, radiator, staircase to first floor, spindle banister.
Lounge 15' 6" x 13' 0" (4.74m x 3.98m) Double glazed window to front, tiled inset and hearth, wood effect fireplace, coving to ceiling, radiator.
Dining room 12' 11" x 13' 3" (3.95m x 4.04m) Double glazed window to rear, coving to ceiling, radiator, understairs storage.
Kitchen 11' 3" x 8' 8" (3.45m x 2.66m) Double glazed window to side, fitted wall and base units with coordinating work surfaces, built in electric oven and hob, extractor hood, 1 1/2 bowl sink unit, space for washing machine and dishwasher, tiled floor, tiled walls.
Utility room 8' 2" x 7' 8" (2.51m x 2.34m) Double glazed window to side, wall and base units with coordinating work surfaces, tiled floor, radiator, double glazed door to side.
First floor landing Storage cupboard. Bedroom 1 13' 1" x 10' 9" (3.99 m x 3.28m) Double glazed window to rear, coving to ceiling, radiator.
Bedroom 2 12' 7" x 10' 7" (3.86m x 3.25m) Double glazed window to front, coving to ceiling, radiator.
Bedroom 3 9' 7" x 5' 8" (2.94m x 1.73m) Double glazed window to front, radiator, coving to ceiling.
First floor bathroom Double glazed window to side, white 4 piece suite comprising of a panelled bath, pedestal wash hand basin, low level w.c, step in shower cubicle, extractor fan, tiled walls, radiator, combi boiler storage cupboard.
Rear yard Walled boundaries, gates access.
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
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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 3, Encombe Terrace, Ferryhill
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