3-bedroom terraced house · DL16 6HR
Sold STCListed 64 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Available for sale with no chain involved, this spacious end of terrace property is a perfect option for both first time buyers and buy to let investors, with potential rental income up to £700 pcm.
Well presented throughout and sensibly priced, early viewing is highly recommended. The floor plan comprises of an entrance lobby, two generous reception rooms and fitted kitchen to the ground floor.
To the first floor there are two double bedrooms, a further well proportioned single bedroom and bathroom/WC. Externally there is an enclosed yard with storage shed.
The property is located within easy reach of all town centre amenities and enjoys good road and public transport links. Ground Floor Entrance Lobby Entered via UPVC double glazed door.
With an internal door to the living room.
Living Room (4.93 x 3.60 (16'2" x 11'9")) Well presented living room with UPVC double glazed window to the front, stairs leading to the first floor, an understairs storage cupboard and radiator.
Dining Room (4.93 x 3.40 (16'2" x 11'1")) Further spacious reception room with a UPVC double glazed window to the rear, storage cupboard and radiator.
Kitchen (3.21 x 2.68 (10'6" x 8'9")) Fitted with a range of units having contrasting worktops incorporating a stainless steel sink and drainer unit with mixer tap, an electric cooker with stainless steel extractor over, plumbing for a washing machine and fridge/freezer space.
Further features include a radiator and UPVC double glazed window and door to the rear yard. First Floor Landing With access to the loft which is partly boarded for storage.
Bedroom One (3.42 x 3.00 (11'2" x 9'10")) Double bedroom with a UPVC double glazed window to the rear, radiator and cupboard housing the combi gas central heating boiler.
Bedroom Two (3.62 x 2.53 (11'10" x 8'3")) Double bedroom with a UPVC double glazed window to the front and radiator.
Bedroom Three (2.52 x 2.33 (8'3" x 7'7")) Further well proportioned bedroom having a UPVC double glazed window to the front, radiator and storage cupboard/wardrobe.
Bathroom/Wc (1.80 x 1.78 (5'10" x 5'10")) Comprising of a panelled bath with electric shower over, pedestal wash basin, WC, extractor fan, radiator and UPVC double glazed opaque window to the rear.
External To the rear of the property is an enclosed, paved yard with storage shed, cold water tap and access gate.
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 5, Grainger Street, Spennymoor
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