4-bedroom semi-detached house · DL16 7UT
For saleListed 22 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
The Madrid is a spacious, light filled contemporary home, with plenty of room for everyone in the family to have somewhere to do what they love.
The open plan kitchen and dining area has a large feature window making it a bright and airy space to get together for family meals, entertain guests or simply enjoy a relaxing coffee.
The lounge stretches across the entire back of the ground floor, with French doors leading onto the garden, so you can spend lazy summer days snoozing in the sun and cosy winter nights unwinding on the sofa.
The first floor has two double bedrooms and a family bathroom; ideal for giving children or visitors their own space, or even adapting to use as a playroom, home office or snug.
The light and airy master suite, along with a further double bedroom, is on the second floor, and has an ensuite shower room and plenty of space for wardrobes and storage.
However you choose to use your home, the Madrid provides the perfect backdrop for both fun family time, and quieter moments to work or relax. ABOUT STRATA Our homes provide the backdrop to our lives.
Whether working or playing, eating or sleeping, alone or in company, home is the place we are most ourselves.
Our designs are inspired by the Scandinavian approach, blending functionality, simplicity, and carefully selected materials to create spaces that enhance wellbeing and give a sense of calm and belonging.
The Strata team is proud of every single home it builds, but more than this, we are driven by being part of helping our customers create the lives they really want.
All marketing materials are for illustrative purposes only. Details may vary by plot and development. Please check with your Experience Manager. Virtual tour -
Value & comps
No previous sales on record.
Returns
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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 Merrington Lane, Spennymoor, Country Durham, DL16
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