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See how verdicts work2-bedroom flat · DL16 7GB
For saleReduced £1k (−1%) on 3 OctListed 285 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Located on the second floor, this spacious two-bedroom apartment offers modern living in a highly convenient location.
The property features a large open-plan lounge, dining, and kitchen area, ideal for both relaxing and entertaining.
Bedroom one is a generous double and benefits from a large en-suite bathroom comprising a shower cubicle, bath, WC, and wash basin. Bedroom two is also a well-proportioned double.
In addition, there is a family bathroom fitted with a large shower cubicle, wash basin, and WC. Further benefits include allocated parking and a secure telecom entry system.
The apartment is situated close to the town centre and within a short walk of Jubilee Park, with excellent transport links nearby. The service charge has been paid in in advance until January 2027.
The property is currently let at a rent of £595pcm until August 2026.Viewing is strongly recommended to fully appreciate the space and location on offer.
Entrance Vestibule Entrance Hall Open Plan Lounge/Dining/Kitchen 6.32m x 4.21m - 20'9” x 13'10” Bedroom One 4.92m x 2.81m - 16'2” x 9'3” En-Suite Bathroom Bedroom Two 3.04m x 2.31m - 9'12” x 7'7” Bathroom Allocated Parking
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 41, Studley Drive, Spennymoor
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