3-bedroom terraced house · DH6 2LA
For saleListed 86 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
WELL EQUIPPED HAIR DRESSING SALON WITH RESIDENTIAL FLAT. Full Description - Well appointed and fully renovated to a high standard, we offer this excellent investment opportunity.
Investors can easily look to secure two independent income streams, or live in one unit while operating their own business. The commercial unit is currently operating as a hair salon.
Internally the property consist of a spacious hairdressing salon with separate treatment room and toilet facilities. The residential accommodation is currently let at £600PCM.
Accessed via its own entrance lobby with door leading to a spacious and tastefully decorated lounge and extensively fitted kitchen with central island, breakfast bar with seating, integrated oven, hob and microwave and has the addition of a useful utility room with rear access door.
Stairs from the lounge lead to the first floor with 3 carpeted bedrooms, stylish fully tiled bathroom with both bath and shower cubicle and there is a separate cloakroom/wc.
Externally there is an enclosed yard to the rear and detached double garage with power, lighting and remote controlled door.
Benefiting from gas central heating and UPVC double glazing throughout the building.
Potto Street is centrally positioned within Shotton Colliery, with an excellent footfall and excellent local amenities close by.
It is well connected via local roadways to nearby towns like Peterlee, Durham, and Sunderland. Available with no onward chain, internal inspection is essential.
Commercial Unit - 24 Potto Street - Main Salon - 8.18m x 4.14m (26'10 x 13'7) - Treatment Room - Cloakroom/Wc - Residential Flat - 22 Potto Street - Situated over two floors Entrance Lobby - With door leading to the lounge.
Ground Floor - Lounge - 5.49m x 4.09m (18'0 x 13'5) - Spacious lounge with double radiator, spot lighting and open staircase with under stair storage cupboard leading to the first floor Ground Floor - Kitchen - 6.58m x 3.48m (21'7 x 11'05) - Extensive range of handless, high gloss wall and floor units, incorporating central island with seating and breakfast bar with laminate worktops, matching upstands and inset stainless steel sink and drainer unit with mixer tap.
Integrated electric oven/microwave with ceramic hob and extractor hood. Spot lights and stylish ceramic tiled flooring.
Ground Floor - Utility Room - 5.69m x 1.68m (18'8 x 5'6) - With rear entrance door.
First Floor- Bathroom - White suite comprising: large vanity storage unit with inset wash hand basin, separate shower cubicle with mains fed shower, panel bath, fully tiled walls and flooring, spot lighting, double radiator and chrome heated towel rail.
Separate Wc - Close coupled wc and wash hand basin. Bedroom 1 - 4.22m x 3.23m (13'10 x 10'7) - Double radiator and spot lights. Bedroom 2 - 4.37m x 3.25m (14'4 x 10'8) - Radiator and spot lights.
Bedroom 3 - 3.15m x 1.83m (10'4 x 6'0) - Radiator and and spot lights. Rear Yard - Enclosed with gated access.
Double Garage - Situated to the rear of the property with power, lighting and remote controlled garage door. Epc. - EPC Rating - D EPC Link - Freehold.
- We have been informed that the property is Freehold. Interested purchasers should seek clarification of this from their Solicitors. Important Information.
- Please note that all sizes have been measured with an electronic measure tape and are approximations only.
Under the terms of the Misdescription Act we are obliged to point out that none of these services have been tested by ourselves.
We cannot vouch that any of the installations described in these particulars are in perfect working order.
We present the details of this property in good faith and they were accurate at the time of which we inspected the property.
Stuart Edwards for themselves and for the vendors or lessors of this property whose agents they are, give notice, that: (1) the particulars are produced in good faith, are set out as a general guide only, and do not constitute any part of a contract; (2) no person in the employment of Stuart Edwards has the authority to make or give any representation or warranty in relation to this property.
Property Viewing. - Contact Stuart Edwards Estate Agents for an appointment to view. Property Portals. - We are proud to be affiliated with the UK's leading property portals.
Our properties are displayed on Rightmove.co.uk, Zoopla.co.uk & OnTheMarket.com. Free Valuation.
- Our family run business is made up of friendly, professional people who have extensive experience of the housing market.
We understand estate agencies come and go, but Stuart Edwards Estate Agents has consistently secured high levels of sales throughout a 40 year period.
If you would like to arrange a free no obligation valuation, please contact Stuart Edwards Estate Agents today!
Financial Assistance - YOUR HOME IS AT RISK IF YOU DO NOT KEEP UP THE REPAYMENTS ON THE MORTGAGE OR LOANS SECURED ON THE PROPERTY.
Through our association with a leading independent mortgage advisor we can offer the best mortgage deals available anywhere. The Property Ombudsman.
- Membership is held with The Property Ombudsman for sales and lettings. Thanks. - Thank you for accessing these details.
Should there be anything further we can assist with, please contact our office. Please note Stuart Edwards Estate Agents is the trading name for Bluepace Durham Ltd.
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.
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About Potto Street, Shotton Colliery
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