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 · DL16 6DX
Sold STCListed 108 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
For sale by Modern Method of Auction: Starting Bid Price £55,000 Plus Reservation Fee Offered to the market with no onward chain, this well-presented two-bedroom end-terraced property is sure to appeal to a variety of purchasers, including first-time buyers and investors.
The home has been well maintained throughout and offers spacious, comfortable living accommodation.
Ideally located within walking distance of Spennymoor town centre, the property enjoys easy access to a wide range of local amenities, shopping facilities, schools and excellent transport links.
Benefiting from UPVC double glazing and gas central heating, the accommodation briefly comprises an entrance vestibule, spacious open-plan lounge and dining room, a well-appointed kitchen, rear lobby, and family bathroom.
To the first floor are two generous double bedrooms. Externally, the property features a lengthy garden to the front and an enclosed rear yard, providing useful outdoor space.
In our opinion, this is an excellent opportunity to purchase a ready-to-move-into home in a convenient location, and early viewing is recommended.
This property is for sale by The Great North Property Auction powered by iam-sold Ltd.
* For Sale by Auction – T & C’s apply * Subject to an undisclosed Reserve Price * Reservation Fees Applicable * The Modern Method of Auction EPC Rating TBC Council Tax Band A Lounge - 3.56m x 3.58m max points (11'8 x 11'9 max points) - UPVC windows, Radiator Dining Room - 3.68m x 3.58m max points (12'1 x 11'9 max points) - Radiator, stairs to 1st floor Kitchen - 3.40m x 2.13m (11'2 x 7'0 ) - Modern wall & base units, integrated fridge freezer, oven, hob, extractor fan, stainless steel sink with mixer tap & drainer, UPVC windows, radiator, plumbed for washing machine Bathroom - White panelled bath with shower over, Wash hand basin, w/c, tiled splash backs, feature radiator, UPVC windows Landing - Bedroom One - 3.73m x 3.58m max points (12'3 x 11'9 max points) - UPVC windows, radiator Bedroom Two - 3.96m x 2.64m (13'0 x 8'8) - UPVC windows, Radiator, A/C Externally - To the front elevation is a long garden while to the rear there is an enclosed garden Agent Notes - Council Tax: Durham County Council, tax band - A Tenure: Freehold Property Construction – Standard Number & Types of Rooms – Please refer to the details and floorplan, all measurements are for guidance only Electricity supply – Mains Water Supply – Mains Sewerage – Mains Heating – Gas 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 Probate – 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.
Accessibility/Adaptations – stair access only, no lift 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.
Auction Notes - This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period").
Interested parties personal data will be shared with the Auctioneer (iamsold). If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.50% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT.
This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00.
These services are optional.
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
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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 South Terrace, Spennymoor
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