2-bedroom property · DL17 9HR
For saleListed 19 daysAuction 20 Oct · today
Opportunity summary
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About
Mixed-Use Investment Opportunity – Former Takeaway Premises with Self-Contained Two Bedroom Flat – Fully Vacant An excellent opportunity to acquire a substantial freehold mixed-use property extending to approximately 114 sq.
m (1,227 sq. ft.), prominently positioned on the High Street in West Cornforth.
Offered with full vacant possession, the property comprises a former takeaway/commercial unit to the ground floor together with a spacious self-contained two-bedroom flat above, presenting excellent potential for owner occupiers, investors or those looking to reconfigure or enhance the existing accommodation (subject to any necessary consents).
EPC ordered.
The ground floor offers a large retail frontage leading into the former takeaway premises, with a spacious customer area, commercial kitchen/preparation room, additional storage areas, WC facilities and a rear yard with useful outbuilding.
The layout provides flexibility for a variety of commercial uses or potential alternative uses, subject to the necessary permissions.
The first-floor apartment benefits from its own independent access and briefly comprises a generous open-plan lounge/kitchen, two well-proportioned double bedrooms and a modern shower room.
The flat has been refurbished in recent years and is ready for immediate occupation or letting.
Externally, the property enjoys an enclosed rear yard with an additional outbuilding and separate WC, offering useful storage and servicing space.
This is a rare opportunity to acquire a fully vacant mixed-use building with immediate income-generating potential or scope for redevelopment, located within an established village centre with good transport links to Ferryhill, Spennymoor and the A1(M).
Tenure: Freehold EPC Rating: ordered
Value & comps
No previous sales on record.
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Returns
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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 10. High Street, West Cornforth, County Durham, DL17 9HR
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