3-bedroom terraced house · DL14 9RE
For saleListed 193 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
1-2 Stones end represents a very unique opportunity to purchase a large house, that could be developed into something really special.
The whole plot is just under a 1/4 of an acre and is made up of two properties, a very large garden and two garages, one with an inspection pit.
Number 1 has recently been used as a beauty shop and comprises of a shop front/waiting room, a rear treatment room with a sink fitted, and a hallway at the rear.
It features electrical heating via storage heaters. The first floor comprises of a generously proportioned room which could offer storage or additional accommodation and this is accessed via a ladder.
Number 1 offers a multitude of potential uses including incorporating into number two to create one big, 4 or 5 bedroom property, or changing it to a property to let as our clients have submitted pre application advice to the council seeking direction on changing its use to residential from commercial.
Number 2 is a substantial, double fronted, three bedroom house that has undergone a programme of refurbishment keeping some of the house's period features intact such as the stain glass windows.
Both reception rooms feature bay windows providing ample light. The kitchen is located at the rear of the property and overlooks the garden, and a rear hallway provides access to the back.
A Cloakroom/wc completes the layout on the ground floor.
The first floor has three bedrooms - two generous doubles and a single and a very impressively sized bathroom made up of a toilet, sink, double spa bath and separate shower cubicle.
The rear ground floor extension has recently had a new rubberised roof.
The property sits on an extensive plot which had planning permission for the building of a detached three bedroom house, which in itself would be a good sized property.
This permission was granted in November 2018 and has since lapsed.
Stone's End lies in the centre of the village which boasts a number of local amenities that include a couple of convenience sized supermarkets, food outlets, beauty shops, two primary schools - both rated as "Good" by Ofsted, a garage and pub.
Evenwood also lies a short distance from both the retail park at Tindale and Bishop Auckland town centre.
MATERIAL INFORMATION: In compliance with the Consumer Protection from Unfair Trading Regulations 2008 and National Trading Standards Estate and Letting Agency Team’s Material information in property listings Guidance PART A Local Authority – Durham County Council Council Tax Band – Number 2 - A, Number 1 - rateable value of £2900 per year Tenure – Freehold PART B Property Type – terrace Property Construction – Stone and Brick Number & Types of Rooms – Please refer to the details and floorplan, all measurements taken being the maximum dimensions available between internal walls Electricity supply – Mains Water Supply - Mains Sewerage – Mains Heating - mains gas fired boiler with radiators and open fires Estimated Mobile phone coverage – Please refer to the Ofcom Website - EPC 1 - F EPC 2 - D Estimated Broadband Download speeds – please refer to the Ofcom Website – Parking: driveway and two garages PART C Building Safety – The Vendor is not aware of any Building Safety issues.
However, we would recommend that the purchaser engages the services of a chartered surveyor to confirm Restrictions - Restrictive covenants are noted on the title Rights & Easements- none Article 4 Planning Restricted area – the property is subject to Article 4 Direction Flood risk – very low Coastal Erosion - NA Protected Trees – no Conservation area – no Planning Permission – Yes - For more information on the planning permission, please go to the Planning portal on the Durham County Council website and use the reference number of DM/18/02493/FPA.
Accessibility – The property has not been altered for accessibility Mining Area – yes, located in a historical mining area Selective License Area – no Included/excluded from the sale - sold as seen No other Material Information disclosures have been made by the vendor.
This information has been compiled in good faith using resources readily available online and by enquiry of the vendor prior to marketing.
However, such information could change after compilation of the data, so J W Wood cannot be held liable for any changes post compilation or any accidental errors or omissions.
Furthermore, J W Wood are not legally qualified and conveyancing documents are often complicated, necessitating judgement on our part about which parts are “Material Information” to be disclosed.
If any information provided, or other matter relating to the property, is of particular importance to you, please do seek verification from a legal advisor before committing to expenditure.
HMRC supervises the legal obligation for all estate agents to conduct identity checks on their customers, this includes buyers when their offer is accepted.
This must be completed, per purchaser, who in the transaction will result in being the legal owner(s) of the property.
There is a £30 (inc VAT) administration fee per individual purchaser, for these checks
Value & comps
No previous sales on record.
Returns
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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 1-2, Stones End, Evenwood, Bishop Auckland, DL14
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