2-bedroom house · DL16 6RQ
Listing removedListed 231 days
Opportunity summary
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About
Offers are invited on this well presented and well sized semi detached property set within this popular residential area within spennymoor.
The property is currently subject to A tenancy which is generating an income of £595 per calendar month, from A long standing tenant thus A gross yield of 8% at asking price.
Benefitting from A generously sized plot with gardens to both front and rear of which the rear benefits from A large amount of privacy due to backing on to open space with no houses over-looking, including A lengthy driveway to the front allowing off street parking for two vehicles.
In brief the property offers (fromt rear to front) A kitchen diner, and A spacious reception room, and A front entrance hall to the groundfloor whilst there are two double sized bedrooms and A family bathroom to the upper floor.
The property has UPVC double glazing throughout and has A gas central heating combi boiler.
Entrance Hall The property is accessed from the front elevation into a hall way, which allows internal access into the reception room to the front whilst also providing access up to the first floor accommodation courtesy of a staircase.
Reception Room / Lounge (13'5 x 11'9 (max) (42'7"'16'4" x 36'1"'29'6" (max)) A generously sized reception room with a front facing UPVC double glazed window, a central heating radiator, coving to the ceiling, and a feature fireplace with timber surround and marble effect insert and an electric fire inset.
There is an opening to the rear that allows access in to the Breakfast Kitchen to the extreme rear of the property.
Breakfast Kitchen (16'9 x 9'2 (max) (52'5"'29'6" x 29'6"'6'6" (max))) A 'full width of property' Kitchen which is fitted with a range of wall and base units with contrasting work surfaces set over inset with a sink and drainer unit.
And allowing space for a cooker point and further space for a washing machine.
There is a built in cupboard for additional storage, a breakfast bar allowing somewhere to dine and a rear facing UPVC double glazed window allowing views over the rear garden.
The Kitchen also offers a central heating radiator, and tiled splash back areas whilst an external door allows access out into the Garden.
First Floor Landing Offering access in to all the first floor accommodation Bedroom 1 (17' x 9'4 (maximum) (55'9"' x 29'6"'13'1" (maximum) A spacious double Bedroom located to the front of the property offering a central heating radiator, coving to the ceiling, and two front facing UPVC double glazed windows allowing elevated views over the street and beyond Bedroom 2 (10'6 x 9'4 (32'9"'19'8" x 29'6"'13'1")) A second double Bedroom to the rear of the property which offers a rear facing UPVC double glazed window, a radiator, and a rear facing UPVC double glazed window which offers an elevated view over the rear garden and open ground beyond.
Family Bathroom Offering a white three piece Bathroom suite comprising of a low level WC, a wash hand basin, and a panelled Bath.
The Bathroom has fully tiled walls, a central heating radiator and a rear facing UPVC double glazed window Exterior To the front of the property is a generously sized front Garden which offers an area of lawn and a single double length block paved driveway.
The driveway is accessed by double metal gates and dwarf red brick walling. Timber fencing and a hedge separate this property from its neighbours.
A pathway runs down the side of the house to the rear garden with an additional pathway leading to the front door.
To the rear is a paved patio area directly outside of the back door, beyond which is a good sized lawned area with raised decking and a spacious timber shed sat at the extreme rear of the garden.
The boundaries are fence enclosed.
Value & comps
No previous sales on record.
Returns
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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.
Area
Agent & docs
FAQ
About 121, Wood Vue, Spennymoor
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