Modern Method of Auction
Auction date not yet published
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 work3-bedroom terraced house · SR8 3RU
No longer listedReduced £8k (−20%) on 23 MarListed 262 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Pattinson Estate Agents are delighted to offer for sale VIA AUCTION this spacious three-bedroom mid-terrace property located in the popular coastal village of Easington Colliery.
Great turn-key ready property potential rent £550 PCM Internally, the accommodation briefly comprises an entrance vestibule leading to a bright and well-proportioned living room, a generous kitchen/dining room fitted with a range of modern units, and a useful utility space.
To the first floor are three good-sized bedrooms and a family bathroom with a white three-piece suite. Externally, there is an enclosed rear yard providing low-maintenance outdoor space.
Finished in neutral décor throughout, the property offers modern, ready-to-let accommodation and represents an ideal buy-to-let investment in a convenient residential location close to local amenities, schools, and transport links.
An excellent investment opportunity – early viewing is strongly recommended.
Council Tax Band: A Tenure: Freehold Entrance Vestibule The front door opens into a small vestibule, providing a useful area for coats and shoes before leading into the main living accommodation.
Living Room 3.72m x 5.2m A bright and spacious main reception room, freshly decorated in neutral tones and featuring modern wood-effect LVT flooring.
The large window to the front elevation allows plenty of natural light to fill the space, creating an inviting and versatile room perfect for relaxation or entertaining.
Kitchen / Diner 3.72m x 4.05m Positioned to the rear of the property, the kitchen is fitted with a range of modern white wall and base units with contrasting dark worktops and tiled splashbacks.
There’s ample room for a dining table and chairs, and a window overlooking the rear courtyard ensures a pleasant, light-filled cooking and dining space.
A rear door provides convenient access to the outside. LVT wood effect flooring. Utility Space 1.2m x 1.5m Located opposite the stairs.
A useful additional space with a side window, housing the gas combi boiler and offering potential for laundry appliances or extra storage.
Bedroom One 2.8m x 3.75m A generous double bedroom located to the front of the property.
Finished in light, neutral décor with contemporary LVT flooring and a large arched window which floods the room with natural light.
Bedroom Two 2.98m x 4.08m Another good-sized bedroom to the rear, continuing the modern grey and white theme with ample space for bedroom furniture and a feature arched window.
Bedroom Three 2.28m x 2.67m A cosy single bedroom, ideal as a child’s room, study, or dressing room, again featuring the attractive arched window detail and clean, neutral décor.
Bathroom 2.07m x 2.5m Modern white three-piece suite comprising a panelled bath, wash hand basin with storage unit, and low-level WC.
The walls are finished in stylish marble-effect cladding for a fresh, low-maintenance look.
LVT flooring and extractor Externally To rear of the property there is a low-maintenance enclosed yard with brick boundary walls and gated access to the back lane.
The space offers potential for outdoor seating, storage, or as a practical area for bins and bikes. Auctioneers Additional Comments Pattinson Auction are referred to as The Auctioneer.
This auction lot is being sold by either conditional (Modern) or unconditional (Traditional) auction terms and overseen by The Auctioneer.
The method of auction sale and the applicable terms and conditions are found on the lot page of this property on The Auctioneers website.
The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer.
Please be aware that any enquiry, bid or viewing of the subject property will require your details to be shared between any marketing agent and The Auctioneer so that matters can be dealt with effectively.
The property is being sold via a transparent online auction. To submit a bid, all bidders must adhere to a verification of identity process in line with Anti Money Laundering procedures.
Bids can be submitted at any time and from anywhere.
Auctioneers Additional Comments The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price.
The Reserve Price is confidential to the seller and The Auctioneer and will typically be within a range above or below 10% of the Guide Price or Starting Bid. These prices are subject to change.
An auction can be closed at any time, with The Auctioneer permitting the property (the lot) to be sold prior to the end of the auction.
A Legal Pack associated with this property is available to view upon request and contains details relevant to the legal documentation, enabling all interested parties to make an informed decision prior to bidding.
The Legal Pack will also outline the buyers obligations and sellers commitments.
It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
Auctioneers Additional Comments In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price.
The deposit will form part of the purchase price.
A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum fee which could be up to 7,200 inc VAT) is also payable upon agreement of sale.
The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs.
Both the Marketing Agent and The Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received.
There is no requirement or obligation to use any recommended suppliers or services.
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
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 Ascot Street, Easington, Peterlee, Durham, SR8 3RU
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