1-bedroom flat · DL16 7NE
For saleListed 139 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
**WOW** ONLY BY VIEWING THIS APARTMENT WILL YOU APPRECIATE ITS FLOWING LIVING ACCOMODATION WITH QUALITY FITTED FEATURES INCLUDING SHUTTERS TO ALL WINDOWS.
Superbly well appointed first floor Apartment situated opposite side of Jubilee Park and walking distance to the town centre of Spennymoor.
Through an enclosed courtyard with stone paving and timber boxed border planters to the entrance door into hall with floor to ceiling Storage cupboards, stairs to first floor spacious landing flowing into an open concept beautifully fitted Kitchen-Diner with intergrated appliances.
light and airy lounge, modern fully tiled spotless bathroom with rainfall shower head in a separate shower cubicle, bedroom with fitted floor to ceiling wardrobes.
The apartment offers plenty of storage space throughout, spot lights to all ceilings, gas fired central heating system, double glazing.
We are advised the property is Leasehold with 94yr remaining with Ground rent of £10.00 per year. Entrance Hall Floor to ceiling fitted Storage cupboards, Stairs to first floor landing.
First Floor Landing Loft access Storage cupboard. Kitchen-Diner 19' 0'' x 9' 0'' (5.79m x 2.74m) Superb gloss fitted Base, wall units and drawers.
Intergrated Dishwasher, washing machine, eye level microwave and double oven, 5 ring gas hob with extractor hood. Granite worktops, stainless steel one and half bowl inset sink with mixer tap.
Storage cupboard housing the Baxi Boiler. Two Upvc double glazed windows to the rear with Shutters.
Space for American Fridge Freezer Lounge 17' 0'' x 11' 0'' (5.18m x 3.35m) Wall mounted electric feature fire. Upvc Double glazed window to the front with Shutters.
Bedroom 13' 0'' x 9' 0'' plus fitted wardrobes (3.96m x 2.74m) Upvc double glazed window to the front with shutters. Floor to ceiling fitted wardrobes.
Bathroom Fully tiled walls, D-shape bath with chrome shower mixer tap, W/C, wall mounted vanity unit with wash basin, shower cubicle with rain fall double shower head, chrome heated towel rail.
Wall mounted vanity cabinets with fixed wall mirrors. Externally Enclosed rear courtyard with stone paving.
Value & comps
No previous sales on record.
Returns
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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.
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FAQ
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