1-bedroom flat · DL16 6QJ
No longer listedListed 33 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
CENTRAL LOCATION WITHIN WALKING DISTANCE TO ALL LOCAL AMENITIES OF SPENNYMOOR TOWN CENTRE. A low-maintenance, small front garden with pathway leading directly to your private front entrance door.
Superbly presented One bedroom ground floor apartment with designated parking bay to the rear.
MODERN FINISH WITH NEW CARPETS AND FRESH PAINTED WALLS FULLY DOUBLE GLAZED WITH ELECTRIC STORAGE HEATERS/ HEATING SYSTEM A modern fitted kitchen equipped with an electric oven, hob, extractor fan, and space for a fridge-freezer and washing machine.
Double bedroom with room for a bed, wardrobe, and chest of drawers, overlooking the rear aspect.
A clean, contemporary white suite featuring a panelled bath with an overhead electric shower, vanity unit with wash basin, and WC. RENT £650.00 PCM BOND REQUIRED UPFRONT £650.00
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 King Street, Spennymoor
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