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See how verdicts work2-bedroom flat · DL12 8QD
For saleListed 229 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Flat 2 Thorngate Mill is a spacious two-bedroom, ground floor apartment, positioned close to the centre of the market town of Barnard Castle, located in a Grade II Listed converted Mill.
Available with no onward chain.
The Property Flat 2 Thorngate Mill offers two well proportioned double bedrooms, one of which benefits from an en-suite, an open plan living/dining area, and kitchen space boasting integrated appliances.
The lobby is situated to the front elevation, there is a lift and staircase which provides access to all of the apartments within the building, although Flat 2 is conveniently positioned on the ground floor.
From the lobby a door allows entry into the corridor where doors radiate to all further accommodation.
The living/dining area is a large space, benefiting from dual aspect views allowing for a bright and airy atmosphere. The room also boasts an original Mill stanchion creating a traditional feature.
There is ample space for dining furniture, with the kitchen lying just off the living room.
The kitchen has a range of wall and base mounted storage units with integral appliances, including an electric oven with gas hob and extractor fan over, microwave, fridge/freezer, dishwasher and a washer/dryer.
The combination boiler is also housed in the kitchen, the current boiler was installed in 2024 with a 10-year warranty.
The main bedroom is a good-sized double having two large windows to the front elevation and benefitting from an en-suite shower room. The en-suite comprises a shower cubicle, WC and wash hand basin.
The second bedroom is another double with fitted wardrobes and views to the front of the property. The bathroom features an original stanchion, being fitted with a bath, WC and wash hand basin.
Externally, a gated entrance opens to the resident parking with one allocated parking space for the property. Thorngate Mill has CCTV and key fob entry providing additional security.
Tenure & Possession The property is leasehold on a 999 year lease starting on 31st August 2004 with vacant possession upon completion. There is a current annual service charge of £2,205.81 for 2025.
The cost of buildings insurance is covered within the service charge, however please note pets are not permitted in the building. Please note, the annual service charge for 2025 has been paid in full.
EPC Rating This property has been certified with an EPC Rating of 79/C. Local Authority Durham County Council. The property is rated Council Tax Band C.
Utilities The property benefits from mains electricity, water and drainage and has gas central heating via the gas combination boiler. Parking There is an allocated parking space with the property.
Characteristics Broadband is not currently connected at the property. Mobile coverage is available. Interested parties are advised to perform their own due diligence in respect of availability.
The property is located within a Grade II Listed building. Pets are not permitted in the building. Fixtures and fittings may be available by separate negotiation.
what3words Every three metre square of the world has been given a unique combination of three words. ///test.imparting.fended Viewings Viewings are strictly by prior appointment with GFW.
Important Notice Every care has been taken with the preparation of these particulars, but they are for general guidance only and complete accuracy cannot be guaranteed.
If there is any point, which is of particular importance professional verification should be sought. All dimensions/boundaries are approximate.
The mention of fixtures, fittings &/or appliances does not imply they are in full efficient working order.
Photographs are provided for general information and you may not republish, retransmit, redistribute or otherwise make the material available to any party or make the same available on any website.
These particulars do not constitute a contract or part of a contract.
Barnard Castle is an historic market town providing a range of shopping, educational and recreational facilities including The Witham which provides the town with a café along with hosting a range of events.
Often referred to as the gateway to Teesdale, there are many renowned beauty spots close at hand along with access to the Lake District, Swaledale and North Yorkshire Moors.
For the commuter the A66, A67 and A1(M) provide links with the major commercial centres of the North East.
Darlington Main Line Railway Station and Teesside International Airport offer further communications with the rest of the country.
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
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.
Area
Agent & docs
FAQ
About 2, Thorngate, Barnard Castle, County Durham, DL12
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