2-bedroom terraced house · DL14 8UL
Sold STCListed 377 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
***IDEAL INVESTMENT OPPORTUNITY WHICH HAS THE ADDED BONUS OF NO CHAIN*** ***EXCELLENT LOCAL AMENITIES CLOSE BY*** We are pleased to offer for sale this 2 bedroom mid terrace property situated in Coundon Grange overlooking a park which is in good order throughout and is ready to move into making this the ideal purchase for any first time buyer or buy to let investor.
The property also has the added bonus of being double-glazed with gas central heating (combi-boiler) and enjoys a deceptively spacious well presented floorplan that briefly comprises:- Reception Hall, Lounge, separate Dining Room, Kitchen and ground floor Bathroom whilst to the first floor there are 2 generous Bedrooms.
Externally to the rear of the property there is wall enclosed yard area. Viewing Advised. Entrance Via upvc framed double glazed door.
Reception Hall Tiled flooring, stairs accessing the first floor, access into:- Lounge 4.2926m x 3.5306m - 14'1" x 11'7" Upvc framed double glazed window, radiator, feature coal effect fire with tiled hearth and brick surround, archway leading into:- Dining Room 4.5974m x 2.2098m - 15'1" x 7'3" Upvc framed double glazed window, radiator, tiled flooring, ample room for dining table and chairs, breakfast bar area, large understairs storage area with built in unit, access into:- Kitchen 2.667m x 1.8796m - 8'9" x 6'2" Fitted with a good range of wooden base and wall units, heat resistant worktops, stainless steel unit with mixer tap, integrated oven with hob, tiling to splashbacks, plumbing for automatic washing machine, tiled flooring, upvc framed double glazed window, radiator, space for fridge freezer, access into:- Rear Porch Tiled flooring, radiator, door accessing the rear of the property, access into:- Bathroom Fitted with a white 3 piece suite comprising:- panel bath with overhead shower, pedestal handwash basin, low level WC, tiling to the walls, upvc framed double glazed window, radiator, tiled flooring, extractor, towel holder.
Landing Loft access. Master Bedroom 4.318m x 3.6576m - 14'2" x 12'0" Upvc framed double glazed window, radiator.
Bedroom 2 4.572m x 2.159m - 15'0" x 7'1" Upvc framed double glazed window, radiator. Externally To the rear of the property there is a wall enclosed yard.
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 Randolph Street, Close House, Bishop Auckland, DL14
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