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See how verdicts work2-bedroom flat · DH6 1QS
Listing removedListed 51 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Nestled in the charming area of Sherburn Village, Durham, this first-floor flat on Mitford Drive offers a perfect blend of comfort and convenience.
The property is leasehold with only 45 years left on the lease. Hence the superbly competitive asking price which is sure to appeal to the right buyer.
This well presented and updated property offers two well-proportioned bedrooms, spacious lounge and a private enclosed garden to rear with delightful views to rear over open agricultural fields, making it an ideal choice for small families, couples, or individuals seeking a peaceful retreat.
The flat also features an attractive modern bathroom/wc with shower over bath, modern refitted kitchen with integrated appliances and a modern Gas combi boiler central heating system ensuring all essential amenities are readily available.
Just a short distance from the Village Centre which offers an attractive traditional green with an array of local shops, supermarkets, medical Centre and Primary School with regular bus services connecting to Durham City Centre, the popular Dragonville Retail Park and Teesside.
Early Viewing Recommended. Please note that due to the short period remaining on the leasehold for the property a buyer will most likely not be able to obtain a mortgage to purchase the property.
Therefore, interest is sought from cash buyers only is sought.
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
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FAQ
About 9, Mitford Drive, Durham
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