2-bedroom terraced house · DL5 7BH
Listing removedListed 63 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This stylish two-bedroom terraced house offers a fantastic combination of modern living, practical accommodation and attractive finishes, making it an ideal home for an eligible first-time buyer.
The property is being sold under the Government First Homes scheme and is available at £98,000 , representing a 30% discount from the full market value of £140,000.
Please note that the property can only be purchased by buyers who meet the First Homes eligibility criteria.
The lounge benefits from French doors opening onto the private rear garden and patio, creating a lovely connection between the indoor and outdoor spaces and providing an ideal setting for entertaining or relaxing.
The modern kitchen/diner is fitted with sleek white units and integrated appliances, together with practical laminate flooring and plenty of natural light.
It provides a well-equipped space for everyday cooking and entertaining.
Upstairs, the spacious principal bedroom benefits from built-in storage and a large window, while the second bedroom offers a versatile space suitable for a child, guest bedroom or home office.
The contemporary family bathroom features a bath with shower over, modern fittings, stylish tiling and useful storage beneath the sink. A ground floor WC provides additional convenience.
Externally, the property benefits from a well-maintained south facing private garden with a generous patio and outdoor seating area, enclosed by modern fencing to provide privacy.
There is also convenient off-road parking to the front. The property is being offered under the First Homes scheme , meaning certain restrictions apply to who can purchase it.
Prospective purchasers must: Be first-time buyers , with all purchasers in a joint application required to be first-time buyers who have never held an ownership interest in a residential property.
Have a total household income of less than £80,000 per year Meet the scheme's key worker criteria Have a local connection to County Durham through employment, residency or caring responsibilities.
For joint applicants, only one purchaser needs to satisfy the local connection requirement.
This is an excellent opportunity to purchase a stylish and well-presented two-bedroom home at a substantial discount through the First Homes scheme.
With modern accommodation, two reception rooms, a contemporary kitchen, private garden and off-road parking, early viewing is highly recommended, subject to meeting the scheme's eligibility criteria.
EPC Rating: B Hallway (1.13m x 1.08m) Kitchen / Diner (4.38m x 3.07m) WC (1.59m x 0.87m) Lounge (4.02m x 3.72m) Landing (1.98m x 1.47m) Bedroom 1 (3.40m x 2.69m) Bedroom 2 (4.00m x 2.55m) Bathroom (2.04m x 1.94m) Parking - Allocated Parking
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 7 Birch Way, Newton Aycliffe
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