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See how verdicts work3-bedroom house · DL16 6HP
Listing removedListed 236 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Three bedroomed mid terraced property, offered with no onward chain. The property is situated on Pearson Street in Spennymoor. This property is ideal for investment or first time buyers alike.
Spennymoor has a range of local amenities such as supermarkets, schools, retail stores, cafes and local shops.
There is a regular bus service through the town providing access to neighbouring towns and villages whilst the A688 is nearby leading to the A1(M) both North & South.
In brief the property comprises; an entrance hall leading through into the living room, kitchen, utility room and WC to the ground floor.
The first floor contains three bedrooms along with a shower room.
Externally the property has on street parking available to the front, whilst to the rear there is an enclosed yard with gated access into the rear lane.
Living Room Spacious living room, with ample space for furniture, space for an inset stove and large window to the front elevation.
Kitchen The kitchen contains a range of wall, base and drawer units, work surfaces, splash backs and sink/drainer unit. Space is available for free standing appliances.
Utility Room The utility room provides additional storage space along with room for additional free standing appliances. Wc Fitted with a WC and wash hand basin.
Master Bedroom The master bedroom is a double bedroom with window to the front elevation. Bedroom Two The second bedroom is another double bedroom with window to the rear elevation.
Bedroom Three The third bedroom is a single bedroom with window to the front elevation. Shower Room Fitted with a shower cubicle, WC and wash hand basin.
External Externally the property has on street parking available to the front, whilst to the rear there is an enclosed yard with gated access into the rear lane.
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
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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
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FAQ
About 38, Pearson Street, Spennymoor
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