We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work2-bedroom terraced house · DL3 0HD
Sold STCListed 229 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
LIVESTREAM AUCTION commencing on Wednesday 08th April from 11am with Auction House North East.
Please register to bid via our website - auctionhouse.co.uk/northeast Two Bedroom Mid-Terrace House – Let at £500 PCM.
An excellent opportunity to acquire a well-presented two bedroom mid-terraced property situated within a popular residential area of Darlington.
The property is currently let at £500 per calendar month, making it an attractive income-producing investment for landlords.
The accommodation is arranged over two floors and briefly comprises an entrance hall leading into a spacious living room with bay window, followed by a separate dining room providing additional reception space.
To the rear is a galley-style kitchen with access through to a utility area and the rear yard/garden.
To the first floor there are two bedrooms, including a generous main bedroom, together with a family bathroom fitted with bath, wash basin and WC.
Externally, the property benefits from a small forecourt to the front and an enclosed rear garden, providing useful outdoor space.
The property extends to approximately 77 sq m (829 sq ft) and is conveniently located for local shops, schools and transport links, with Darlington town centre easily accessible.
This property will appeal to buy-to-let investors seeking an immediate rental income with potential for future growth.
Accommodation Ground Floor •{tab}Hallway •{tab}Living Room – 3.8m x 5.4m •{tab}Dining Room – 3.8m x 3.9m •{tab}Kitchen – 1.4m x 4.3m •{tab}Utility – 1.4m x 0.9m First Floor •{tab}Landing •{tab}Bedroom 1 – 3.8m x 3.9m •{tab}Bedroom 2 – 1.8m x 4.9m •{tab}Bathroom – 1.9m x 2.6m Tenancy The property is currently let at £500 per calendar month (£6,000 per annum).
Tenure Freehold (assumed – buyers should verify). Auctioneers Note Buyers are advised to inspect the legal pack for full tenancy details.
Tenure: Freehold EPC Rating: D Administration Fee: £3600 inc VAT payable on exchange of contracts.
Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
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 starting price
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 advisers 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 24 Crosby Street, Darlington, County Durham DL3 0HD
Explore nearby
