Modern Method of Auction
Auction date not yet published
2-bedroom terraced house · DL3 0NJ
For saleListed 4 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This deceptively spacious two-bedroom end-terraced property comes to the market via auction and offers an excellent investment opportunity for the discerning purchaser.
Although the property requires modernisation, it benefits from generous accommodation throughout, with the additional potential to create an attic room, subject to the necessary consents.
A long-standing tenant is currently in situ. The property is mostly double glazed and benefits from gas central heating.
Situated in the sought-after area of Harrowgate Hill, the home is conveniently located within walking distance of local amenities and North Road Train Station.
The spacious accommodation briefly comprises an entrance hall, lounge, dining room and kitchen to the ground floor.
To the first floor are two bedrooms, a bathroom and access to the attic, which offers further potential. Externally, there is an enclosed yard to the rear.
An excellent opportunity for investors looking to acquire a property with substantial potential to modernise, enhance and add value.
Hallway Lounge (14'6 x 13'1 (45'11"'19'8" x 42'7"'3'3")) Dining Room (15'5 x 11'8 (49'2"'16'4" x 36'1"'26'2")) Kitchen (12'8 x 9'2 (39'4"'26'2" x 29'6"'6'6")) First Floor Bedroom One (17'11 x 14'5 (55'9"'36'1" x 45'11"'16'4")) Bedroom 2 (9'7 x 11'9 (29'6"'22'11" x 36'1"'29'6")) Attic Room Bathroom (7'9 x 5'6 (22'11"'29'6" x 16'4"'19'8")) Outside Auctioneers Comments This property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 56- day Reservation Period.
Interested parties’ personal data will be shared with the Auctioneer (iamsold Ltd). If considering a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided, which you must view before bidding. The buyer is responsible for the Pack fee.
The buyer signs a Reservation Agreement and makes payment of a Non-Refundable Reservation Fee of 4.5% of the purchase price inc VAT, subject to a minimum of £6,600 inc. VAT.
Services may be recommended by the Agent/Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £500 inc. VAT.
These services are optional. For sale by Modern Auction – T & Cs apply.
• Subject to a hidden Reserve Price • Buyers’ Fees apply • Buyer Information Pack available Tenure Freehold Property Details Local Authority: Darlington Council Tax Band: A Annual Price: £1,663 Conservation Area No Flood Risk Very low Floor Area 1,173 ft 2 / 109 m 2 Plot size 0.02 acres Mobile coverage EE Vodafone Three O2 Satellite / Fibre TV Availability BT Sky Virgin Note Important note to purchasers: We endeavour to make our sales particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact.
The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given.
All measurements have been taken as a guide to prospective buyers only, and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed.
If you require clarification or further information on any points, please contact us, especially if you are travelling some distance to view.
Fixtures and fittings other than those mentioned are to be agreed with the seller. We cannot also confirm at this stage of marketing the tenure of this house.
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
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 starting price
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.
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