2-bedroom flat · DH4 5NY
Listing removedListed 769 days
Opportunity summary
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About
Summary **great investment opportunity**two bedroom top floor apartment**secure entry system**allocated parking**popular location**tenant paying 590 pcm** Pattinson Estate agents are excited to welcome to the market this impressive two bed apartment located in the popular location of Harwood Drive, Mulberry Park, the apartment is situated on the top floor of this complex.
Conveniently located within easy access of local shops, other amenities, an array of popular local schools, great public transport and major road links via the A690.
Also within a short drive to Houghton Le Spring Town Centre, Rainton Meadows Nature Reserve, Sunderland and Durham City Centre's.
The apartment has a spacious and stylish layout through-out, in brief the property consists- secure door entry into the building, apartment entrance/hallway, spacious lounge, fitted kitchen, two bedrooms and a three piece family bathroom.
Externally there is an allocated parking bay and 'visitor parking' bays.
Early viewings come highly recommended to take advantage this spacious apartment, please call out Houghton branch to arrange a viewing.
Council Tax Band: A Tenure: Leasehold Length of Lease: 110 Annual Ground Rent Amount: 480.00 Service Charge Review Period: 150 Building Entrance The building entrance benefits from a secure entry system and stairs to each floor.
Property Entrance/Hallway Property entrancing leading to the hallway, which gives access to each room.
Lounge (3.92m x 6.13m) Spacious lounge with carpet flooring, radiator, a double glazed front aspect window and French doors with a Juliet balcony.
The lounge also gives open flow access to the kitchen.
Kitchen (3.80m x 2.14m) Fitted kitchen benefiting from a range of upper and lower units with contrasting worksurfaces with matching up-stands, a stainless steel sink unit, plumbing for a washing machine and an integrated oven with a gas hob.
Laminate flooring, space for a dryer and a double glazed front aspect window. Bedroom One (3.29m x 3.29m) Double bedroom with carpet flooring, radiator and a double glazed window.
Bedroom Two (3.88m x 2.28m) Double bedroom with carpet flooring, radiator and a double glazed window. The second bedroom also gives access to the loft hatch.
Bathroom (2.26m x 2.63m) Three piece bathroom benefiting from a paneled bath with an overhead shower, hand wash basin and W.C.
Laminate flooring, partly tiled walls, radiator and a double glazed window. External Externally there is an allocated parking bay and numerous 'visitor parking' bays.
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 59, Harwood Drive, Houghton Le Spring
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