Modern Method of Auction
Auction date not yet published
3-bedroom house · DH9 7QE
For saleReduced £8k (−11.8%) on 20 AugListed 119 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Summary Pattinson Estate Agents are pleased to offer for sale this three-bedroom mid-terrace house situated on Park Road, South Moor Currently tenanted at 650pcm and recently benefited from over 10,000 worth of building and refurbishment works.
Making it an ideal investment opportunity for those wanting an instant return.
Generous internal accommodation across two floors, the property also benefits from a single garage to the rear providing off-street parking or additional storage.
The accommodation briefly comprises an entrance hall, lounge, dining room, kitchen, and utility area to the ground floor. To the first floor are three well-proportioned bedrooms and a family bathroom.
Externally, the property benefits from an enclosed rear yard with access to the single garage. Further features include gas central heating, two reception rooms, and spacious accommodation throughout.
Park Road is conveniently located close to Stanley town centre, providing access to a range of shops, services, and local amenities.
The area benefits from good transport links to surrounding locations including Consett, Chester-le-Street, Durham, and Newcastle upon Tyne.
The A1 is easily accessible and can be reached within approximately ten minutes by car. Local attractions, including Beamish Museum, are also within easy reach.
Council Tax Band: A Tenure: Freehold Entrance Hallway Providing access to the ground floor accommodation and staircase to the first floor.
Lounge (3.9m x 4.0m) Front-facing reception room offering space for a range of furniture. Feature fireplace with surround, T.V. And telephone points, radiator and carpeted flooring.
Kitchen (2.15m x 3.60m) Range of fitted wall and floor units along with work tops, fitted electric oven, fitted gas hob with extractor fan over, stainless steel sink with mixer tap over, tiled splash backs and vinyl flooring.
Dining Room (3.9m x 4.7m) Second reception room suitable for formal dining or additional living space. Fitted with vinyl flooring and radiator.
Utility Room (2.2m x 2.6m) Useful ancillary space providing additional storage and laundry facilities.
Fitted work bench, plumbing for washer, central heating unit, radiator and access to the rear yard. First Floor Landing Loft hatch allowing access to the loft space.
Bedroom One (3.7m x 4.2m) Fitted with a radiator and carpeted flooring. Bedroom Two (3.7m x 4.8m) Fitted with a radiator and carpeted flooring. Access to store room.
Bedroom Three (2.30m x 2.75m) Fitted with radiator and carpeted flooring. Storage Room Rear storage room of from second bedroom fitted with radiator and carpeted flooring.
Family Bathroom (2.30m x 3.65m) Panelled bath, shower cubicle with mains fed shower over, W.C, pedestal hand wash basin, part tiled walls, radiator.
Garage (4.20m x 4.65m) Single garage located to the rear of the property, suitable for off-street parking or storage.
Externally Enclosed yard located to the rear of the property which allows access to the single garage. Auctioneers Additional Comments Pattinson Auction are referred to as The Auctioneer.
This auction lot is being sold by either conditional (Modern) or unconditional (Traditional) auction terms and overseen by The Auctioneer.
The method of auction sale and the applicable terms and conditions are found on the lot page of this property on The Auctioneers website.
The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer.
Please be aware that any enquiry, bid or viewing of the subject property will require your details to be shared between any marketing agent and The Auctioneer so that matters can be dealt with effectively.
The property is being sold via a transparent online auction. To submit a bid, all bidders must adhere to a verification of identity process in line with Anti Money Laundering procedures.
Bids can be submitted at any time and from anywhere.
Auctioneers Additional Comments The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price.
The Reserve Price is confidential to the seller and The Auctioneer and will typically be within a range above or below 10% of the Guide Price or Starting Bid. These prices are subject to change.
An auction can be closed at any time, with The Auctioneer permitting the property (the lot) to be sold prior to the end of the auction.
A Legal Pack associated with this property is available to view upon request and contains details relevant to the legal documentation, enabling all interested parties to make an informed decision prior to bidding.
The Legal Pack will also outline the buyers obligations and sellers commitments.
It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
Auctioneers Additional Comments In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price.
The deposit will form part of the purchase price.
A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum fee which could be up to 7,200 inc VAT) is also payable upon agreement of sale.
The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs.
Both the Marketing Agent and The Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received.
There is no requirement or obligation to use any recommended suppliers or services.
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 advisors 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
.png)
FAQ
About 125, Park Road, Stanley
Explore nearby