2-bedroom house · DL16 6NW
Listing removedListed 279 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A modern first-floor apartment benefiting from a secure telecom entry system and allocated parking.
The property features a spacious lounge with open-plan access to a dining area, which in turn leads through an archway to a well-appointed kitchen.
Accommodation includes two good-sized double bedrooms and a family bathroom, making the apartment ideal for comfortable living.
Conveniently located within walking distance of the town centre amenities, the property also enjoys excellent transport links.
An ideal opportunity for first-time buyers or investors, with an anticipated rental income of approximately £550 per calendar month. Viewing is strongly recommended.
Entrance Hall Lounge 4.24m x 2.87m - 13'11” x 9'5” Dining Room 2.46m x 1.8m - 8'1” x 5'11” Kitchen 2.5m x 2.3m - 8'2” x 7'7” Bedroom One 3.37m x 3.07m - 11'1” x 10'1” Bedroom Two 3.2m x 3.12m - 10'6” x 10'3” Bathroom Allocated Parking
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 38, Bamburgh Parade, Spennymoor
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