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See how verdicts work2-bedroom terraced house · DL17 0DL
For saleReduced £3.5k (−6.5%) on 26 OctListed 55 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
We are pleased to offer to the market this two bedroom mid-terraced property in Ferryhill, close to local schools and shops and on a good bus link to surrounding towns and villages.
The property benefits from gas central heating, double glazing, fitted kitchen, white bathroom suite, two good size bedrooms and enclosed rear courtyard.
In need of some updating and would appeal to the investor buyer. Available with no onward chain.
Ground Floor - Entrance Vestibule - Has UPVC entrance door, central heating radiator and staircase leading to the first floor.
Lounge - 3.66m x 3.71m (12'0 x 12'2) - Has coved ceiling and central heating radiator.
Dining Room - 3.66m x 3.53m (12'0 x 11'7) - Has coved ceiling, central heating radiator and understairs storage cupboard.
Kitchen - 2.44m x 2.13m (8'0 x 7'0) - Has a range of fitted wall and base units, laminate work surfaces, tiled splash backs, inset stainless steel sink unit with mixer tap, built in electric oven and hob, plumbing for automatic washing machine, laminate flooring, central heating radiator and UPVC entrance door leading out onto rear courtyard.
First Floor Landing - Has central heating radiator and storage cupboard housing combination gas boiler.
Bedroom 1 - 4.04m x 3.71m (13'3 x 12'2) - Has fitted wardrobes, coved ceiling and central heating radiator. Bedroom 2 - 3.48m x 2.87m (11'5 x 9'5) - Has coved ceiling and central heating radiator.
Bathroom - Has white suite comprising: panel bath with electric shower over, hand wash basin, WC, part tiled walls and central heating radiator. Exterior - Has enclosed rear courtyard.
Disclaimer - N.B. WE HAVE NOT TESTED ANY APPLIANCES OR SYSTEMS AT THE PROPERTY. IF IN DOUBT, PURCHASERS SHOULD SEEK PROFESSIONAL ADVICE.
THE MEASUREMENTS PROVIDED WITHIN THE DETAILS ARE FOR GUIDANCE PURPOSES ONLY. IF MORE ACCURATE MEASURMENTS ARE NEEDED, THEN THE PURCHASERS SHOULD TAKE SUCH MEASUREMENTS THEMSELVES.
THESE DETAILS INCLUDING PHOTOGRAPHY WERE PREPARED BY PETER CLARK PROPERTY SERVICES IN ACCORDANCE WITH THE SELLERS INSTRUCTIONS.
THE ACCURACY OF THESE PARTICULARS CANNOT BE GUARANTEED AND ANY PURCHASERS SHOULD SATISFY THEMSELVES BY INSPECTING OR OTHERWISE TO THE CORRECTNESS OF STATEMENTS CONTAINED IN THESE PARTICULARS.
THESE PARTICULARS DO NOT CONSTITUTE ANY PART OF AN OFFER OR CONTRACT.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
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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About Cochrane Terrace, Ferryhill
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