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See how verdicts work2-bedroom flat · DL12 8EW
For saleListed 229 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A self-contained two bedroom first floor apartment located in this well-established development for the over 55s.
This property is ideally located for access into the centre of the popular market town of Barnard Castle and all its amenities.
The properties are well maintained by Anchor Trust, and there is a service charge, detailed below.
The property is accessed from the car park via well maintained gardens to a secure entry system with telephone access to the apartment.
The apartment also benefits from emergency pull cords in all rooms, thus giving total peace of mind.
FIRST FLOOR Hallway Storage heater, two storage cupboard one housing boiler and access to loft space.
Bathroom Panelled bath with electric shower over, low level wc, pedestal wash hand basin, wall heater and tiled splashbacks.
Living Room Storage heater, coving to ceiling, twin lights and French doors leading out to the balcony. Sliding door accessing the kitchen.
Bedroom One Coving to ceiling, storage heater and fitted sliding mirrored wardrobes.
Kitchen Selection of kitchen units with worktop incorporating stainless steel sink unit, tiled splashbacks, integrated oven, electric hob with extractor fan above, plumbing for washing machine and space for undercounter fridge.
Bedroom Two Storage heater and coving to ceiling. EXTERNALLY Ample parking spaces for both residents and visitors.
VIEWING Strictly by appointment through the selling agents Addisons Chartered Surveyors T: Opt 1.
PROPERTY INFORMATION Title Number(s): DU174110Tenure: LeaseholdLease Start Date: 10 Dec 1991Lease End Date: 01 Aug 2141Lease Term: 150 years from 1 August 1991Lease Term Remaining: 115 yearsLocal Authority: DurhamCouncil Tax: Band CWHAT3WORDS: ///suggested.ropes.snoozeAnnual Price: £2,268Conservation Area: NoFlood Risk: Very lowBroadband: Basic- 17 Mbps and Superfast - 80 MbpsSatellite / Fibre TV Availability: BT and SkyServices: Mains Electricity, Mains Water and Mains DrainageHeating: Storage HeatersThe service charge deals with all common maintenance including gardens, exterior and common interior parts, cleaning of windows, painting of external and internally of common areas septic and water charges.
The service charge is payable on a monthly basis are is currently £252.53.Managing Agents - Anchor Housing Association.Sinking Fund - A sinking fund exists to cover items of replacement.
Contributions are payable upon the sale of the property.Rates - Individual occupiers are responsible for the BROCHURE Details and photographs taken March 2025.
Value & comps
No previous sales on record.
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 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.
Area
Agent & docs
FAQ
About Grove Park, Barnard Castle, County Durham, DL12
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