3-bedroom house · DH6 1BS
Listing removedListed 225 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
No Chain ** Ideal Starter Home ** Being Sold at 20% Discount Under Discounted Market Scheme (Criteria Applies) ** Popular Village ** Local Amenities & Good Road Links ** Rear Garden ** Parking Space & Visitor Parking ** Early Viewing Advised ** The floor plan comprises; entrance hallway, comfortable lounge, inner hall with cloak/WC, stairs to the first floor and door to the kitchen diner, which in-turn leads out to the rear garden.
The first floor has two double bedrooms and main bathroom/WC. The top floor has the main bedroom with large en-suite shower room/WC.
Sherburn Village is a well-established and popular village located approximately four miles east of Durham City, offering an appealing balance of village life and everyday convenience.
The village benefits from a strong sense of community and a good range of local amenities, including a Co-op, local shops, pharmacy, GP surgery, primary school, library, pubs, takeaways and community facilities.
Residents enjoy access to nearby green spaces and walking and cycling routes, including former railway paths and surrounding countryside.
Sherburn is particularly well connected, with regular bus services into Durham City and excellent road links via the A688 and A1(M), providing easy access to Durham, Sunderland, Newcastle and the wider North East.
Overall, Sherburn appeals to buyers seeking a well-connected village lifestyle with practical amenities and close proximity to Durham City.
Entrance Porch - Lounge - 4.50m x 3.61m (14'9 x 11'10) - Kitchen - 3.71m x 2.79m (12'2 x 9'2) - Hallway - Cloaks Wc - Landing - Bedroom 2 - 3.61m x 3.20m (11'10 x 10'6) - Bedroom 3 - 3.61m x 2.69m (11'10 x 8'10) - Bathroom Wc - 2.39m x 1.91m (7'10 x 6'3) - Bedroom 1 - 5.69m x 2.59m (18'8 x 8'6) - En Suite - 3.40m x 2.01m (11'2 x 6'7) - Dms - What is Discount Market Sale?
Discount Market Sale (DMS) are homes that, if you are eligible, you can buy at a percentage discount on the open market price.
The discount you get depends on the legal agreement made with the Developer and the Council and can be up to 50% of the price.
The percentage discount that you receive would be passed on to all future owners of the home. For example you could see a home that is worth £100,000 with a 20% discount.
You would buy this for £80,000. When you come to sell it could now be worth £125,000 and you could sell for a maximum of £100,000. Who can apply?
Anyone can make an application to check their eligibility to buy a DMS to the council.
Only the council can confirm that you are eligible, however sales teams and estate agents may advise you that you would be unsuccessful depending on your circumstances.
The eligibility requirements for each site will differ, however broadly you would need to meet the following criteria; •As a household have an income of less than £80,000 per year •Be legally allowed to own a property in the UK •Have a local connection to the area through residency, employment or caring responsibilities •Not own another property at point of purchase (either in the UK or abroad) •Be buying the house to live in it.
Agents Notes - Council Tax: Durham County Council, Band C - Approx.
£2,268 p.a Tenure: Freehold Estate Management Charge – Yes approximately £120 Property Construction – Standard Gas Supply - Mains Electricity supply – Mains Water Supply – Mains Sewerage – Mains Heating – Gas Central Heating Estimated Mobile phone coverage – Please refer to the Ofcom Website - Estimated Broadband Download speeds – please refer to the Ofcom Website – Building Safety – The Vendor is not aware of any Building Safety issues.
However, we would recommend that the purchaser engages the services of a chartered surveyor to confirm.
Restrictions – Covenants which affect the property are within the Land Registry Title Register which is available for inspection.
Selective licencing area – No Rights & Easements – None known Flood risk – Refer to the Gov website - Coastal Erosion – Refer to the Gov website - Protected Trees – None known Planning Permission – Nothing in the local area to affect this property that we are aware of.
Check with seller. Accessibility/Adaptations – None known Mining Area – Coal Mining Reporting Area, further searches may be required by your legal representative.
Disclaimer: Our details have been compiled in good faith using publicly available sources and information obtained from the vendor prior to marketing.
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 before making any financial commitments.
Robinsons cannot accept liability for any information provided subsequent amendments or unintentional errors or omissions.
HMRC Compliance requires all estate agents to carry out identity checks on their customers, including buyers once their offer has been accepted.
These checks must be completed for each purchaser who will become a legal owner of the property. An administration fee of £30 (inc. VAT) per individual purchaser applies for carrying out these checks.
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisors before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 Parkinson Crescent, Sherburn Village, Durham
Explore nearby