2-bedroom terraced house · DL13 5JS
Listing removedListed 288 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
*** EPC TO FOLLOW *** Rea Estates offer to the sales market this Two Bedroom Mid Terrace Cottage situated in a much sought after semi-rural location.
Southside is a small community, which lies in open countryside approximately one mile north of Butterknowle, situated between the market towns of Bishop Auckland (7 miles to the east) and Barnard Castle (6 miles to the south-west).
There are many public footpaths, both in the immediate area and surrounding countryside of Teesdale and nearby Weardale, making this a popular destination for walkers, being an Area of Outstanding Natural Beauty.
The internal layout briefly comprises, Entrance Vestibule, a spacious Lounge with double doors opening to a Kitchen Diner and rear vestibule with door to rear garden.
To the first floor there is a Family Bathroom and Two Double Bedrooms. Externally to the rear of the property there is an enclosed courtyard garden.
In our opinion this property, which is offered for sale with no onward chain is competitively priced to reflect that a degree of modernisation is required (the adjoining property is currently undergoing an extensive programme of modernisation) and should prove of great interest to a variety of purchasers.
An early viewing is highly recommended.
Entrance Vestibule uPVC entrance door to vestibule with staircase rising to the first floor and door to: Lounge: 14'8 x 14'2 (4.46m x 4.30m) A well-proportioned lounge the focal point of which is an artisan fireplace with a multi fuel boiler inset to the inglenook, to provide efficient heating.
Window to the front elevation, offering far reaching open views, exposed beamed ceiling, alcove bookshelves, under stairs cupboard and slate flooring. French doors opening to kitchen diner.
Kitchen Diner: 16'4 x 10'10 (4.97m x 3.31m) The kitchen diner provides ample space for family dining and entertaining.
Fitted with a range of base and wall units, laminated work surfaces with ceramic one and a half bowl sink unit and tiled splash backs.
Integrated electric oven, hob and extractor hood, space and plumbing for washing machine. Window to the rear elevation, exposed beams and slate flooring.
Rear Vestibule Shelved household cupboard and timber door to rear garden.
First Floor Landing Loft access hatch and doors to: Bedroom One: 14'5 x 13'4 (4.39m x 4.06m) Double bedroom situated to the front of the cottage with excellent views to the south over open countryside, providing ample space for a range of free standing furniture.
Original latched door and over stair storage cupboard. Bedroom Two: 11'0 x 10'2 (3.35m x 3.09m) Double bedroom with open views to the rear.
Bathroom: 7'5 x 6'0 (2.26m x 1.85m) Comprising; electric shower and glass screen over panelled bath, low level w/c and pedestal wash hand basin. Window to the rear.
Externally To the rear of the cottage there is a small courtyard garden with patio and open views across pastureland.
Value & comps
No previous sales on record.
Returns
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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
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FAQ
About Southside, Butterknowle, Bishop Auckland, DL13
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