3-bedroom detached house · SR8 3RL
SoldListed 281 daysAuction 29 Jan · ended
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
**** FOR SALE BY AUCTION 29th JANUARY 2026 OPTION 1 BIDDING OPENS 24HOURS PRIOR*** ***SOLD WITH TENANT IN SITU*** Nestled in the desirable location of Welfare Close, Peterlee, this impressive three-bedroom detached house presents a fantastic opportunity for those seeking a modern and comfortable family home.
Boasting a thoughtful layout and contemporary finishes, this property is sure to appeal to a wide range of prospective buyers.
Upon entering, you are greeted by a welcoming entrance that leads directly into the heart of the home. The ground floor features a convenient WC, essential for family living and guest use.
The true highlight of this level is the exceptionally spacious open-plan living area.
This versatile space is designed for modern lifestyles, seamlessly integrating relaxation, dining, and entertaining.
Large windows ensure an abundance of natural light, creating a bright and airy atmosphere throughout.
The open-plan design offers flexibility for furniture arrangement and allows for effortless social interaction, making it perfect for both quiet evenings in and lively gatherings.
Ascending to the first floor, you will find two generously proportioned bedrooms, each designed with comfort in mind.
Bedroom two features an ensuite bathroom, an invaluable addition that offers convenience and privacy for family members or guests.
The third bedroom is equally well-sized, offering flexibility for use as a child's room, a guest room, or a dedicated home office, catering to the diverse needs of contemporary living.
Continuing to the second floor, the master bedroom is a true sanctuary, benefiting from its own private ensuite bathroom, providing a luxurious and private retreat.
In total, the property boasts three bathrooms, ensuring ample facilities for all residents. Externally, the property is a detached residence, offering a sense of privacy and space.
While specific external details are awaiting, the detached nature typically provides benefits such as side access and potential for garden space, enhancing the overall appeal of the home.
The property's location in Welfare Close, Peterlee, offers access to local amenities, schools, and transport links, making it a practical choice for families and commuters alike.
This property is being offered for sale by auction, presenting a unique purchasing opportunity.
Prospective buyers are encouraged to conduct their due diligence and familiarise themselves with the auction process.
An Energy Performance Certificate (EPC) is currently awaiting assessment, and further details will be made available in due course.
In summary, this three-bedroom detached house in Welfare Close combines spacious open-plan living with the luxury of two ensuite bedrooms and a ground floor WC, all within a sought-after Peterlee location.
Its auction sale method adds an intriguing dimension for those looking to secure a valuable asset.
Early viewing is highly recommended to fully appreciate the quality and potential this superb home has to offer.
GROUND FLOOR Entrance Hall Living room (4.90m x 4.90m) Kitchen (4.80m x 2.80m) Wc (2.4m x 1.0m) FIRST FLOOR Bedroom 2 (4.90m x 2.90m) Ensuite (2.20m x 1.90m) Bedroom 3 (4.70m x 2.90m) Bathroom (3.20m x 2.0m) SECOND FLOOR Bedroom 1 (6.40m x 3.0m) Ensuite (3.10m x 2.10m) Disclaimer Each auction property is offered at a guide price and is also subject to a reserve price.
The guide price is the level where the bidding will commence. The reserve price is the sellers' minimum acceptable price at auction and the figure below which the auctioneer cannot sell.
The reserve price, which may be up to 10% higher than the guide price, is not disclosed and remains confidential between the seller and the auctioneer.
Both the guide price and the reserve price can be subject to change up to and including the day of the auction. The successful buyer pays a £2000+vat (total £2400) Auction Administration Fee.
Disclaimer A copy of the title is available upon request via Agents Property Auction, we recommend all potential buyers take legal advice, satisfy their requirements on all matters and have finance in place prior to purchase.
Disclaimer We are advised by the seller that the property has mains provided gas, electricity, water and drainage.
MATERIAL INFORMATION The following information should be read and considered by any potential buyers prior to making a transactional decision: SERVICES We are advised by the seller that the property has mains provided gas, electricity, water and drainage.
WATER METER - TBC PARKING ARRANGEMENTS - Street Parking ELECTRIC CAR CHARGER - No MOBILE PHONE SIGNAL No known issues at the property BROADBAND SPEED The maximum speed for broadband in this area is shown by imputing the postcode at broadband checker.
FLOOD RISK RATING Please check the online long term flood risk checker on the gov.uk website. NORTHEAST OF ENGLAND - EX MINING AREA We operate in an ex-mining area.
This property may have been built on or near an ex-mining site. Further information can/will be clarified by the solicitors prior to completion.
The information above has been provided by the seller and has not yet been verified at the point of producing this material.
There may be more information related to the sale of this property that can be made available to any potential buyer.
These particulars are intended to give a fair and reliable description of the property but no responsibility for any inaccuracy or error can be accepted and do not constitute an offer or contract.
All measurements are approximate and for guidance only. Disclaimer Each auction property is offered at a guide price and is also subject to a reserve price.
The guide price is the level where the bidding will commence. The reserve price is the sellers' minimum acceptable price at auction and the figure below which the auctioneer cannot sell.
The reserve price, which may be up to 10% higher than the guide price, is not disclosed and remains confidential between the seller and the auctioneer.
Both the guide price and the reserve price can be subject to change up to and including the day of the auction. The successful buyer pays a £2000+vat (total £2400) Auction Administration Fee.
Disclaimer A copy of the title is available upon request via Agents Property Auction, we recommend all potential buyers take legal advice, satisfy their requirements on all matters and have finance in place prior to purchase.
Disclaimer We are advised by the seller that the property has mains provided gas, electricity, water and drainage.
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
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 starting price
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 advisors 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 Welfare Close, Peterlee, Durham, SR8 3RL
Explore nearby