2-bedroom flat · DL12 8JJ
Listing removedReduced £100 (−15.4%) on 22 AugListed 104 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A two bedroom flat situated above the working men's club in the centre of Barnard Castle.
The flat benefits from double glazing and gas central heating and briefly comprises Hall, Living Room, Kitchen, Two Bedrooms and Bathroom.
Accommodation Private entrance door with staircase rising to the accommodation. Hall Doors to accommodation, large walk in storage cupboard.
Living Room Large window to the front elevation, radiator and laminate flooring.
Kitchen A good range of wall and floor units with contrasting work surfaces, slot in electric cooker with extractor hood above, washing machine, fridge with freezer drawer, stainless steel sink with mixer tap and drainer, cupboard housing the gas central heating boiler, large window to side elevation, vinyl flooring and radiator.
Bedroom One Large window to the rear elevation, fitted wardrobes, carpet to flooring and radiator. Bedroom Two Window to the rear elevation, carpet to flooring and radiator.
Bathroom Panelled bath with electric shower over, pedestal hand wash basin, w/c, airing cupboard, radiator, vinyl flooring and fully tiled walls.
Viewing Strictly by appointment through the agents Terms and Conditions The property will be let unfurnished on an Assured Periodic Tenancy at a rental of £650 per calendar month exclusive, payable monthly in advance by standing order.
In addition, a tenancy deposit of the equivalent of five week's rent will be payable prior to taking occupation.
The tenant will be responsible for all outgoings, including electricity, gas, water rates, Council Tax (Band A) and telephone charges.
Energy Efficient Rating - E Tenant Fees Schedule Holding Deposit of One Weeks Rent Unpaid Rent – Interest at 3% above the Bank of England base rate from Rent Due Date until paid in order to pursue non-payment of rent.
Please Note: This will not be levied until the rent is more than 14 days in arrears.
Lost Key(s) or other Security Device(s) – Tenants are liable to the actual cost of replacing any lost keys(s) or other security device(s).
If the loss results in locks needing to be changed, the actual costs of a locksmith, new lock and replacement keys for the tenant, landlord any other persons requiring keys will be charged to the tenant.
If extra costs are incurred there will be a charge of £15 per hour (inc.VAT) for the time taken replacing lost key(s) or other security device(s).
Variation of Contract (Tenant's Request) - £50 (inc.VAT) per agreed variation.
To cover the cost associated with taking landlord's instructions as well as the preparation and execution of new legal documents.
Change of Sharer (Tenant's Request) - £50 (inc.VAT) per replacement tenant or any reasonable costs incurred if higher.
To cover the costs associated with taking landlord's instructions, new tenant referencing and Right to Rent checks, deposit registration as well as the preparation and execution of new legal documents.
Commencement The property is available for immediate occupation.
A tenancy must commence within one month of receiving suitable references from an applicant, the payment of the first month's rent, tenancy deposit and the completion of a Tenancy Agreement.
Insurance The tenant will be responsible for insuring their own personal possessions/contents of the property upon taking occupation.
Restrictions No Pets, No smokers Compliance All our branches have Client Money Protection (CMP) and are protected by RICS and The Ombudsman an independent redress scheme.
Membership number T01921 Accommodation Private entrance door with staircase rising to the accommodation. Hall Doors to accommodation, large walk in storage cupboard.
Living Room Large window to the front elevation, radiator and laminate flooring.
Kitchen A good range of wall and floor units with contrasting work surfaces, slot in electric cooker with extractor hood above, washing machine, fridge with freezer drawer, stainless steel sink with mixer tap and drainer, cupboard housing the gas central heating boiler, large window to side elevation, vinyl flooring and radiator.
Bedroom 1 Large window to the rear elevation, fitted wardrobes, carpet to flooring and radiator. Bedroom 2 Window to the rear elevation, carpet to flooring and radiator.
Bathroom Panelled bath with electric shower over, pedestal hand wash basin, wc, airing cupboard, radiator, vinyl flooring and fully tiled walls.
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 Barnard Castle Working Mens Club, Main Car Park, Galgate, Barnard Castle, County Durham, DL12
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