2-bedroom flat · DH1 5XW
Sold STCListed 169 days
Opportunity summary
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About
*** CASH BUYERS ONLY, CURRENTLY TENANTED FOR £500 PCM, 32 YEARS REMAINING ON CURRENT LEASE, FRONT GARDEN, POPULAR LOCATION, GARAGE, VIEWINGS HIGHLY RECOMMENDED *** This two bedroom first floor flat is located on Carr House Drive in Newton Hall, Durham.
The property is currently rented for £500pcm and is located in a popular location.
The property comprises: an entrance porch, stairs to first floor, spacious living room, kitchen, two double bedrooms and a bathroom.
Externally there is a front garden laid to lawn and a garage located in a separate block. Viewings are recommended. Front External To the front of the property is a garden laid to lawn.
Entrance Porch With carpet flooring. Stairs to First Floor With carpet flooring. Landing Including carpet flooring, radiator and loft access.
Living Room 4.493m x 3.48m Spacious living room including a built in cupboard, carpet flooring, a radiator and a double glazed window to the front.
Kitchen 2.669m x 2.07m Kitchen including fitted wall and base units with contrasting work surface, one and a half sink/drainer with a mixer tap, an integrated oven, electric hob, extractor fan, plumbing for a washing machine, tiled splash back, laminate flooring, a radiator and a double glazed window to the rear.
Master Bedroom 3.648m x 2.738m Master bedroom including two built in wardrobes, carpet flooring, a radiator and a double glazed window to the front.
Bedroom Two 2.975m x 2.725m Bedroom with carpet flooring, a radiator and a double glazed window to the rear.
Bathroom 2.158m x 2.07m Including a bath with a shower above, low level WC, wash hand basin, chrome towel heater, laminate flooring and a double glazed window to the rear.
Leasehold Details The property is leasehold. The lease runs for 99 years from 1 March 1960.. The seller has confirmed the ground rent is £15 per annum. Agent Notes 1.
The property is in council tax band A. 2. Utilities - Mains water, sewerage, electricity and gas. 3. Superfast broadband available to this property (checker.ofcom.org.uk) 4.
Flood Risk - Rivers and Sea - very low, Surface Water - very low (gov.uk) Disclaimer The preceding details have been sourced from the seller and the websites listed above.
Verification and clarification of this information, along with any further details concerning Material Information parts A, B & C, should be sought from a legal representative or appropriate authorities.
Newfield Estates cannot accept liability for any information provided.
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 Carr House Drive, Newton Hall, Durham, DH1
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