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See how verdicts work3-bedroom bungalow · DL15 8GB
For saleReduced £30k (−7.9%) on 26 OctListed 230 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
"Albany Cottage" is a brand new bungalow, built by reputable local builder, known for their high quality and popular bungalows.
This spacious property offers three double bedrooms, a shower room, bathroom/wc, kitchen with utility and a living room with patio doors opening onto the garden.
It features an air source heat pump which controls the heating, and the system has been set up to facilitate simple switch to air conditioning in the future, should a new owner decide to install this.
The property also features high spec windows which dampen the noise from the passing traffic, ensuring that the inside of the property remains a tranquil place.
The specification in the kitchen consists of Dishwasher, electric induction hob with extraction above, full height fridge and matching freezer (Hisense), a microwave, an electric oven with sliding door, two washer dryers in the utility room and a great selection of units with worktops.
The bedrooms feature USB sockets and two of the bedrooms feature fitted storage which comes with internal lighting.
Externally, the property features a garden with patio and off street parking on the block paved driveway for cars in addition to the integral single garage.
The property also features an electric vehicle charging point. The property has planning permission for the installation of Solar panels on the roof however the builders will not be installing them.
The village of Fir Tree lies on the A68 highway which provides swift connections to Bishop Auckland and Darlington in one direction, Corbridge and Weardale in the other.
The village offers a couple of pubs, a garage with convenience sized shop and of course a multitude of walks in the fields and lanes that surround the village.
MATERIAL INFORMATION: In compliance with the Consumer Protection from Unfair Trading Regulations 2008 and National Trading Standards Estate and Letting Agency Team’s Material information in property listings Guidance PART A Local Authority – Durham County Council Council Tax Band – Not Yet banded Tenure – Freehold PART B Property Type – Detached Bungalow Property Construction – Standard Number & Types of Rooms – Please refer to the details and floorplan, all measurements taken being the maximum dimensions available between internal walls Electricity supply – Mains Water Supply - Mains Sewerage – Mains Heating - Air source heat pump Estimated Mobile phone coverage – Please refer to the Ofcom Website - Estimated Broadband Download speeds – please refer to the Ofcom Website – Parking: Drive and garage PART C Building Safety – The Vendor is not aware of any Building Safety issues.
However, we would recommend that the purchaser engages the services of a chartered surveyor to confirm Restrictions - none Rights & Easements- The property is accessed by vehicles over the driveway for next door - this is a legal right of way Flood risk – low Coastal Erosion - NA Protected Trees – no Conservation area – no Planning Permission – no Accessibility – The property offers lateral living and a walk in shower Mining Area – Records available show some historical mining in the village but none in the near proximity of the property Selective License Area – No The property will come with a ten year structural, insurance backed Warranty issued by Buildzone, and the appliances in the kitchen will also come with a manufacturer’s Warranty - We have used AI to generate images that provide Virtual dressing to show how this property could look like once occupied No other Material Information disclosures have been made by the vendor.
This information has been compiled in good faith using resources readily available online and by enquiry of the vendor prior to marketing.
However, such information could change after compilation of the data, so J W Wood cannot be held liable for any changes post compilation or any accidental errors or omissions.
Furthermore, J W Wood are not legally qualified and conveyancing documents are often complicated, necessitating judgement on our part about which parts are “Material Information” to be disclosed.
If any information provided, or other matter relating to the property, is of particular importance to you, please do seek verification from a legal advisor before committing to expenditure.
HMRC supervises the legal obligation for all estate agents to conduct identity checks on their customers, this includes buyers when their offer is accepted.
This must be completed, per purchaser, who in the transaction will result in being the legal owner(s) of the property.
There is a £30 (inc VAT) administration fee per individual purchaser, for these checks
Value & comps
No previous sales on record.
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 asking
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 advisers 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 Priorswood, Fir Tree, Crook, DL15
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