2-bedroom terraced house · DL16 7TT
For saleListed 993 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This property is an excellent investment opportunity and available to the market with tenant in situ paying an annual rent of £4,800 providing an immediate income upon purchase.
The property is a deceptively spacious two bedroom terrace with two generously proportioned reception rooms and is conveniently located within easy access of Spennymoor Town Centre and local amenities.
The property is double glazed throughout and gas centrally heated.
Internal viewing will reveal accommodation set over two floors comprising of: Entrance Hall, Lounge, Dining Room, Kitchen and Rear Porch to the Ground Floor.
To the First Floor there are Two Double Bedrooms and Family Bathroom. Externally the property enjoys an Enclosed Yard to the Rear with gated access.
Entrance hall With frosted double glazed entry door to the front elevation and stairs leading to first floor accommodation. Decorated with textured walls and carpet floor covering.
Lounge With double glazed entry door to the front elevation and double panel heating radiator. Decorated with colour washed walls and carpet floor covering.
Dining room With under stair storage cupboard and double panel heating radiator. Decorated with colour washed walls and carpet floor covering.
Kitchen With double glazed window to the side elevation, fitted with a range of wall and floor mounted units with contrasting laminate working surface incorporating stainless steel drainer sink unit, electric cooker point and plumbing for automatic washing machine.
Decorated with colour washed walls and cushioned floor covering. Rear porch With double glazed entry door and two glazed windows to the rear elevation. Decorated with colour washed walls.
First floor Landing With access to all first floor rooms. Decorated with colour washed walls and carpet floor covering.
Bedroom one With double glazed window to the front elevation and single panel heating radiator. Decorated with colour washed walls and carpet floor covering.
Bedroom two With double glazed window to the rear elevation, Main heating boiler and single panel heating radiator. Decorated with textured walls and carpet floor covering.
Bathroom With frosted double glazed window to the rear elevation, fitted with a suite comprising panelled bath, push button wc and wash hand basin, single panel heating radiator and built in storage cupboard.
Decorated with part tiled and colour washed walls and cushioned floor covering. External To the rear of the property is an enclosed yard with gated access.
EPC rating E council tax band A tenure freehold
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 16, South Street, Spennymoor
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