2-bedroom flat · DH4 6QL
For saleReduced £6k (−6.5%) on 21 JunListed 1666 days
Opportunity summary
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About
*** sold with A sitting tenant paying £545 per month *** Igomove take pleasure in listing this superb self contained first floor, two bedroom apartment located in Lambton View, Rainton Meadow, this immaculate property is ideally situated for commuting to Durham and Sunderland, it offers several desirable features which include; two well proportioned bedrooms, fully tiled bathroom, contemporary open concept lounge/ diner/ kitchen, gas central heating, uPVC double glazing, superb views to the rear, well maintained grounds, allocated parking, leasehold.
Durham county council tax band B, current energy rating B.
Contemporary purpose built apartment building, allocated parking, block paved areas, gardens with well maintained shrubbery, communal entrance with intercom entry system, stairs to the first floor.
Private entrance, entrance hall from which all rooms are accessed with fitted storage cupboard, neutrally decorated.
Contemporary open concept lounge/ diner/ kitchen with two windows ( one of which is a bay), decorative coving, spacious lounge and dining area with the kitchen comprising modern wall, base and drawer cabinetry, complimentary heat resistant surfaces, mosaic tiled backsplash, integrated oven, integrated gas hob, stainless multifunction extractor hood, space for fridge freezer, stainless sink with chrome mixer swivel tap, plumbing for washing machine, recessed spotlights, tiled floor.
Excellent bathroom comprising bath with over bath shower, WC and vanity wash basin combination unit, large fitted storage cupboard, recessed spotlights, fully tiled walls and floor.
Bedroom one is a good sized double room with immaculate decor and decorative coving. Bedroom two is a well proportioned single room with decorative coving and neutral decor.
Outside this property benefits from allocated parking, communal grounds and stunning countryside views.
This neutrally presented, contemporary first floor apartment enjoys scenic views and is a must-see property, ideal for a first purchase or investment opportunity, contact Igomove at your first opportunity to view.
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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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 14, Lambton View, Houghton Le Spring
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