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See how verdicts work2-bedroom terraced house · DH5 9RL
Listing removedListed 527 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This modern end link house, situated in the sought-after area of Greenbrook Drive, Houghton Le Spring.
Perfect for first-time buyers or those looking to step onto the property ladder, the home combines affordability with a host of desirable features.
The property boasts two generously sized double bedrooms, ideal for couples, small families, or professionals seeking additional space.
Both rooms are well-lit and provide ample space for storage, ensuring a practical yet comfortable living arrangement.
Upon entering the property, you are welcomed by an entrance hall which leads to the ground floor living space.
This space is perfect for entertaining guests, relaxing after a long day, or enjoying cosy evenings.
The open plan layout of the kitchen and living room allows for versatile furniture arrangements to suit your personal style.
The kitchen offers a contemporary design, with sufficient counter space and storage solutions to cater to your culinary needs.
A particularly convenient feature is the spacious ground floor WC, adding an extra layer of practicality for day-to-day living.
This complements the main family bathroom, which is situated on the upper floor and fitted with modern fixtures and fittings.
At the front of the property, a double driveway provides convenient off-street parking for two vehicles—perfect for households with multiple cars or visitors.
To the rear, the enclosed garden presents a private outdoor space for relaxing, gardening, or outdoor dining during warmer months.
The garden is easily maintainable, making it suitable for those with busy lifestyles. Greenbrook Drive is a well-regarded residential area, offering a blend of tranquillity and accessibility.
Local amenities, schools, and transport links are within easy reach, making it a practical location for a variety of buyers.
The shared ownership scheme allows prospective buyers to purchase a 50% share of the property, with the opportunity to staircase and increase your ownership share in the future.
Viewing is highly recommended to fully appreciate the quality, space, and potential this property has to offer.
GROUND FLOOR Entrance Lobby Wc (1.70m x 1.50m) Living Room / Kitchen (6.00m x 4.40m) FIRST FLOOR Landing Bedroom 1 (4.40m x 2.90m) Bedroom 2 (4.40m x 2.60m) Bathroom (2.10m x 2.00m) MATERIAL INFORMATION The following information should be read and considered by any potential buyers prior to making a transactional decision: Monthly Charges: If the freehold is not purchased, the property remains as leasehold and the following charges are payable Insurance: £33.00 Management charge: £5.42 Service charge: £14.03 If the FREEHOLD is purchased the following charges remain payable Service charge: £14.03 Management charge £5.42 The above charges are reviewed annually on 1st April.
Buyer costs due to Home Group on completion: 100% Leasehold: Notice of Assignment: £75.00 + VAT Notice of Mortgage: £75.00 + VAT Deed of Covenant: £175.00 + VAT The above charges are reviewed annually on 1st April.
100% FREEHOLD: If FREEHOLD is purchased there may be monthly fees due to the management company, to comply with the restriction.
Other useful information: Lease term: The lease term is 125 years from 1 April 2018 Freehold: Can be acquired for £150.00 + VAT Pets: Yes – no bird fowl or cat or other creature permitted without Home Group’s prior permission in the form of a licence Ground rent: Not payable.
Subletting: not permitted SERVICES We are advised by the seller that the property has mains provided gas, electricity, water and drainage.
WATER METER - Yes PARKING ARRANGEMENTS - Driveway / Street Parking BROADBAND SPEED The maximum speed for broadband in this area is shown by imputing the postcode at the following link here > ELECTRIC CAR CHARGER - No MOBILE PHONE SIGNAL No known issues at the property.
NORTHEAST OF ENGLAND - EX MINING AREA We operate in an ex-mining area. This property may have been built on or near an ex-mining site.
Further information can/will be clarified by the solicitors prior to completion.
The information above has been provided by the seller and has not yet been verified at the point of producing this material.
There may be more information related to the sale of this property that can be made available to any potential buyer.
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 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 Greenbrook Drive, East Rainton, Houghton le Spring, Tyne and Wear, DH5 9RL
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