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See how verdicts work2-bedroom flat · DH1 5XY
Sold STCListed 378 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Venture Properties are delighted to offer for sale with no chain involved, this well presented, ground floor apartment with two double bedrooms in a sought after location, enjoying superb commuting links via the A167 and close to the Arnison Retail Park.
Ideal for a range of buyers including buy to let investors with potential rental income up to £750 PCM.
This spacious floor plan comprises of an entrance lobby, hallway, large living room, comprehensively fitted kitchen, two generous double bedrooms and modern bathroom/WC.
Externally there are communal gardens, an allocated parking space and additional visitor bays. Early viewing is highly recommended to avoid disappointment..
Ground Floor - Entrance Lobby - Entered from the communal entrance hallway. With an internal door to the hall. Hall - Having an entry telephone, electric heater and airing cupboard.
Living Room - 4.59 x 3.31 (15'0" x 10'10") - Spacious reception room with a UPVC double glazed window and electric heater.
Kitchen - 3.00 x 2.50 (9'10" x 8'2") - Fitted with a comprehensive range of wall and floor units having contrasting worktops incorporating a stainless steel sink and drainer unit with mixer tap, a built in oven and hob with extractor over, plumbing for a washing machine and fridge/freezer space.
Further features include a UPVC double glazed window, recessed spotlighting and an electric heater.
Bedroom One - 4.47 x 2.92 (14'7" x 9'6") - Generous double bedroom with a UPVC double glazed window, built in double wardrobe and electric heater.
Bedroom Two - 3.41 x 2.92 (11'2" x 9'6") - Further double bedroom with a UPVC double glazed window and electric heater.
Bathroom/Wc - 1.99 x 1.81 (6'6" x 5'11") - Comprising of a bath with mains fed shower over, pedestal wash basin, WC, stainless steel heated towel rail and extractor fan.
External - Externally there are communal gardens, an allocated parking space and further visitor bays.
Value & comps
No previous sales on record.
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 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 Farrier Close, Pity Me, Durham
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