2-bedroom flat · DL16 7LD
Listing removedListed 116 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
We are delighted to market for rent this well-presented two bedroom apartment with contemporary open aspect living space.
The property is conveniently located within central Spennymoor location within easy access of local amenities, schooling and recreation facilities.
The property would appeal to a variety of occupants and comprises of: Vestibule and Entrance Hall to the Ground Floor.
To the First Floor is Landing, Shower Room, Open Aspect Lounge / Dining / Kitchen and Two Bedrooms.
Ground Floor Vestibule With double glazed entry door to the front elevation and decorated with colour washed walls and carpet floor covering.
Entrance Hall With stairs leading to first floor accommodation and double panel heating radiator. Decorated with colour washed walls and carpet floor covering.
First Floor Landing Decorated with colour washed walls and carpet floor covering Shower Room With double glazed window to the rear elevation, fitted with a contemporary suite comprising of: Walk in shower cubicle with mains powered shower, push button wc and wash hand basin with vanity unit below and stainless steel towel rail.
Decorated with pvc panelled walls and cushioned floor covering.
Lounge / Dining / Kitchen With double glazed window to the rear elevation, fitted with a variety of wall and floor mounted units with contrasting laminate working surfaces incorporating 1 1/2 stainless steel sink unit, integrated electric oven and gas hob, plumbing for automatic washing machine, Vokera heating boiler, x2 convector style heating radiators and access to attic space.
Decorated with colour washed walls and both carpet and cushioned floor covering. Bedroom One With double glazed window to the front elevation and double panel heating radiator.
Decorated with colour washed walls and carpet floor covering. Bedroom Two With double glazed window to the front elevation and single panel heating radiator.
Decorated with colour washed walls and carpet floor covering. EPC Rating tbc Council Tax Band A Minimum income - £18,000, Current Landlord Reference Needed, Guarantor Required and Bond of £575
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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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 18, Whitworth Terrace, Spennymoor
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