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See how verdicts work2-bedroom terraced house · NE39 2BH
Listing removedListed 150 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
***FOR SALE BY MODERN METHOD OF AUCTION*** This lovely feel two bedroom end terrace on Ethel Terrace is ideal for a range of buyers looking for a home in the heart of High Spen Village.
The ground floor features an open plan lounge and dining area with galley kitchen to the rear with additional built in storage options.
Upstairs boasts two good sized double bedrooms and a spacious white suite bathroom! Externally there is a small courtyard style entrance to the front and enclosed yard to the rear.
The owners currently rent the allotment/drive space opposite the property which they understand can also be transferred to new owners for a small admin charge to take over the tenancy.
This is a property packed with potential and will make someone a really special home. EPC Rating E.
Lounge 16' 1'' x 12' 8'' (4.90m x 3.87m) Open lounge leading to dining space through feature arch way.
Dining Area 12' 6'' x 10' 8'' (3.80m x 3.24m) Max Open plan spacious dining area leading to the kitchen, ideal for entertaining.
The dining area also benefits from an under stairs cupboard for storage.
Kitchen 15' 0'' x 7' 2'' (4.56m x 2.18m) Features a range of wall and base units for storage and space for white goods, benefiting from a pleasant outlook to the yard area and surrounding green.
Bedroom 1 16' 4'' x 12' 0'' (4.97m x 3.67m) Max Bedroom one benefits from a built in storage cupboard.
Bedroom 2 12' 10'' x 10' 0'' (3.92m x 3.06m) Max Features a pleasant outlook over the surrounding gardens and allotments to the rear of the property.
Bathroom 12' 4'' x 7' 2'' (3.77m x 2.18m) Max Features white suite W/C, wash basin and walk in shower.
Externally To the front of the property there is a little court yard garden entrance giving the property a lovely curb appeal.
To the rear is an enclosed yard with the detached allotment/drive area opposite the property.
Allotment/Driveway Space The garden allotment and drive area at the rear of the property is not owned by the vendors but rented on a yearly basis from Youngs RPS.
They have advised that this is approx £50 per annum, with a one of admin fee of £50 to action a name change once the property is purchased.
Additional Information We understand this property is freehold. Council tax band A. EPC rating E.
Mobile phone coverage and broadband availability: Coal mining: The North East has a widespread coal mining heritage and many properties are built within the vicinity of historic coal mining.
We have not been made of aware of any specific issues with this property. Your conveyancer may carry out a coal mining search.
Important Note To Purchasers We have prepared these sales particulars as a general guide to give a broad description of the property.
They are not intended to constitute part of an offer or contract. The measurements are a guide to prospective buyers only and are not precise.
We have not carried out a structural survey and the services, appliances and fittings have not been tested by us. If you require any further information, please contact us.
Auctioneer 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.
For the most recent information on the Buyer Information Pack fee, please contact the iamsold team.
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.
This Fee is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. The Fee is considered within calculations for stamp duty.
Services may be recommended by the Agent/Auctioneer in which they will receive...
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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About Ethel Terrace, High Spen
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