2-bedroom flat · DL16 6NS
Sold STCListed 62 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Robinsons are delighted to bring to the market this beautiful TWO-BEDROOM GROUND-FLOOR APARTMENT, built by Wimpey Homes and situated within this popular private residential development.
Ideally positioned in a quiet setting, the property is nevertheless only a short walk from Spennymoor Town Centre, with a range of local shops, schools and amenities close by.
This superb apartment is likely to appeal to a wide range of buyers, including first-time buyers, retired couples and investors.
The property is also ideally located for commuters, providing convenient access to Durham City, Darlington and Teesside.
The accommodation benefits from UPVC DOUBLE GLAZING and briefly comprises: a communal entrance hallway, an impressive L-SHAPED LOUNGE/DINING ROOM with archway leading through to a STUNNING RECENTLY FITTED KITCHEN with integrated cooking appliances, TWO DOUBLE BEDROOMS and a BEAUTIFUL RECENTLY FITTED SHOWER ROOM.
Externally, the property benefits from ALLOCATED PARKING together with a COMMUNAL GARDEN TO THE REAR.
EPC rating - C Council tax band - A Hallway - Storage cupboard, electric radiator, airing cupboard Lounge/Diner - 5.36m x 4.14m (17'7 x 13'7 ) - Electric radiator, UPVC windows, space for dining room Kitchen - 2.39m x 2.21m (7'10 x 7'3) - Modern wall & base units, integrated oven, hob, extractor fan, plumbed for washing machine, stainless steel sink with mixer tap & drainer, space for fridge/freezer, tiled splash backs Bedroom One - 3.33m x 2.97m (10'11 x 9'9) - UPVC windows, electric radiator Bedroom Two - 2.97m x 1.96m (9'9 x 6'5) - UPVC window, electric radiator Shower Room - 2.39m x 1.75m (7'10 x 5'9) - Large walk in shower, wash hand basin, w/c, chrome towel radiator, tiled flooring & splash backs, extractor fan Externally - To the front elevation is a parking bay while to the rear the apartment enjoys a communal garden Agent Notes - Council Tax: Durham County Council A Tenure: Leasehold , 999-year lease from 1999.
Ground rent and service charge are currently approximately £1,100 per annum.
Property Construction – Standard Number & Types of Rooms – Please refer to the details and floorplan, all measurements are for guidance only Electricity supply – Mains Water Supply – Mains Sewerage – Mains Heating – Gas Central Heating Estimated Mobile phone coverage – Please refer to the Ofcom Website - Estimated Broadband Download speeds – please refer to the Ofcom Website – Building Safety – The Vendor is not aware of any Building Safety issues.
However, we would recommend that the purchaser engages the services of a chartered surveyor to confirm.
Restrictions – covenants which affect the property are within the Land Registry Title Register which is available for inspection.
Selective licencing area – no Probate –NA Rights & Easements – None known Flood risk – refer to the Gov website - Coastal Erosion – refer to the Gov website - Protected Trees – None known Planning Permission – Nothing in the local area to affect this property that we are aware of.
Accessibility/Adaptations – stair access only, no lift Mining Area – Coal Mining Reporting Area, further searches may be required by your legal representative.
Disclaimer: Our details have been compiled in good faith using publicly available sources and information obtained from the vendor prior to marketing.
Verification and clarification of this information, along with any further details concerning Material Information parts A, B & C, should be sought from a legal representative or appropriate authorities before making any financial commitments.
Robinsons cannot accept liability for any information provided subsequent amendments or unintentional errors or omissions.
HMRC Compliance requires all estate agents to carry out identity checks on their customers, including buyers once their offer has been accepted.
These checks must be completed for each purchaser who will become a legal owner of the property.
An administration fee of £35 + VAT (£42 including VAT per individual purchaser applies for carrying out these checks.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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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 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.
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