2-bedroom flat · TS21 2HZ
For saleListed 286 days
Opportunity summary
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About
** ARE YOU LOOKING TO INVEST? THIS PROPERTY WOULD GENERATE A FIGURE OF £650 PCM THEREFORE A YIELD OF JUST UNDER 10% AT BASE PRICE.
OTHERWISE IT WOULD MAKE AN EASY TO MAINTAIN, PLEASANTLY LOCATED HOME FOR ANYONE WISHING TO RESIDE WITHIN.
** Located in a pleasing just off centre location with the ever popular village of Sedgefield this two bedroom first floor apartment offers an abundance of space whilst being well maintained and presented throughout.
The apartment in brief externally yields its own private entrance, a private lawned rear garden, and off street parking, whilst internally there are two good sized double Bedrooms, a spacious Lounge, a modern Kitchen and a Bathroom with a white suite.
The property is double glazed and is all electric. The apartment is a mere half a mile or a likely ten minute walk to Sedgefield's bustling centre, with various shops, eateries, and amenities.
This could be a high yielding easy to manage investment or a lovely home for an incoming buyer, Ground Floor Entrance Hall - The property is accessed from the front elevation into a private entrance hall, which has stairs leading up to the main body of the property.
Hall - Access into the two Bedrooms, the Lounge and the Bathroom is gained via the Hall, which also offers a storage cupboard.
Lounge - 3.273 x 4.404 (10'8" x 14'5") - A beautifully sized, light and airy reception room located to the front of the property which offers elevated views over green areas and trees courtesy of the large UPVC double glazed front facing window.
The Lounge also offers a wall mounted heater, is dressed in neutral shades and offers a feature fireplace with electric fire inset as the focal point.
A door leads into the Kitchen Kitchen - 2.693 x 2.329 (8'10" x 7'7") - A compact and modern Kitchen to the rear of the property which has a range of fitted wall and base units with contrasting work surfaces set over which are inset with a sink and drainer unit, whilst offering space for a cooker point, space for a washing machine and also allocated space for a fridge freezer.
There is a rear facing UPVC double glazed window overlooking the rear garden and parking area beyond.
Bathroom - Offering a recently renewed white suite comprising of a low level w.c., a wash hand basin, and a panelled bath, There are part-tiled walls, and a rear facing upvc double glazed window.
Bedroom (Rear) - 2.599 x 3.039 (8'6" x 9'11") - A second Bedroom located to the rear of the property dressed in neutral shades and offering a wall mounted heater and a rear facing UPVC double glazed window Bedroom (Front) - 3.814 x 3.078 (12'6" x 10'1") - A well sized double Bedroom located to the front of the property offering a wall mounted heater and a UPVC front facing window again offering elevated views, Exterior - To the rear is ample communal off street parking, with gated access into the private Garden which belongs solely to this apartment.
The garden has timber fenced boundaries and is mainly laid to lawn.
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 13, Wallington Drive
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