2-bedroom house · DL12 8PL
Listing removedListed 190 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
An exciting opportunity for a developer/investor to purchase over 1,900 sq ft of accommodation on one of Barnard Castles oldest streets.
This former Chinese takeaway with first floor flat is available for sale by modern auction.
Bishop Auckland 15 miles, Darlington 17 miles, Durham 25 miles, Newcastle upon Tyne 42 miles, A1(M) 17 miles. Please note all distances are approximate.
Situated in the historic market town of Barnard Castle, this property provides easy access to the amenities within the town and its surrounding area.
There are a number of nurseries, primary and secondary schools in Barnard Castle including Barnard Castle School and Teesdale School.
Darlington and Bishop Auckland are both within close proximity, while the cities of Newcastle, Durham, York and Leeds also easily accessible.
The property lies within easy reach of the A66 and A1(M) bringing many areas within commuting distance.
Accommodation - Entrance to former shop/reception area leading to stairs to first floor accommodation and reception room. The reception area provides access to a generous cellar, ideal for storage.
At the rear of the property is a commercial kitchen with fixtures and fittings still available plus separate WC.
There is also a separate utility space acting as an extension of the kitchen that is accessed externally.
The first floor offers accommodation including two bedrooms, a spacious living room, three piece bathroom with shower and a kitchen overlooking the rear garden.
Additionally, there is access to a loft room via ladder. Externally - Parking is available on street to the front.
The generous rear elevated garden is accessible via a secure alleyway and benefits from a stone built store.
Auction Terms - This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period").
Interested parties personal data will be shared with the Auctioneer (iamsold). If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT.
This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken.
Any payment that will be received by the Agent or Auctioneer will be confirmed to you in writing before services are taken. Services are optional.
Tenure - The property is believed to be offered freehold with vacant possession on completion. Local Authority And Council Tax - Durham County Council Tel: .
For Council Tax purposes the flat is banded A. Commercial business rates would be applicable to the ground floor when occupied. Particulars - Particulars written in April 2026.
Photographs taken in April 2026. Services And Other Inforamtion - Mains electricity, gas, drainage and water are connected. Gas fired central heating.
Condition Of Sale - Anti Money Laundering - Should a purchaser(s) have an offer accepted on a property marketed by GSC Grays they will need to undertake an identification check.
This is done to meet our obligation under Anti Money Laundering Regulations (AML) and is a legal requirement. We use a specialist third party service to verify your identity.
The cost of these checks is £37.50 plus VAT (£45.00 inc VAT) per buyer, which is paid in advance, when an offer is agreed and prior to a sales memorandum being issued. This charge is non-refundable.
Agents Note - There is an alley way that provides access to the rear garden and to a neighbouring property.
Value & comps
No previous sales on record.
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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
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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 advisors 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 Rice Go, 31 The Bank, Barnard Castle
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