Modern Method of Auction
Auction date not yet published
2-bedroom terraced house · DH4 7DT
For saleListed 114 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
OFFERED FOR SALE BY MODERN METHOD OF AUCTION VIA IAMSOLD – VACANT POSSESSIONREALISTICALLY PRICED – NO UPPER CHAINSwift Moves are delighted to offer this two-bedroom mid-terraced property for sale by Modern Method of Auction via iamsold, with vacant possession.Ideally situated in a convenient central location, the accommodation briefly comprises an entrance hallway, lounge, kitchen/breakfast room, two well-proportioned bedrooms and a family bathroom.Externally, the property benefits from an enclosed rear yard providing valuable off-street parking.The property is offered as seen, presenting an excellent opportunity for investors, first-time buyers or those looking for a renovation project.Early viewing is highly recommended.For further information or to arrange a viewing, please contact the Auction Team on .
ENTRANCE HALL LOUNGE BREAKFASTING KITCHEN FIRST FLOOR LANDING BEDROOM ONE BEDROOM TWO BATHROOM NOTES: This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period").
Interested parties personal data will be shared with the Auctioneer (iamsold). If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT.
This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider...
Value & comps
No previous sales on record.
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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
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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 Boult Terrace, Houghton Le Spring
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