1-bedroom flat · DH8 0JF
For saleReduced £5k (−4.2%) on 8 OctListed 124 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated within the highly desirable Oley Meadows development in the heart of Shotley Bridge, this beautifully presented one-bedroom apartment offers spacious, contemporary accommodation ideal for first-time buyers, downsizers, professionals, or investors alike.
Occupying a generous footprint of approximately 672 sq. Ft., the apartment has been thoughtfully designed to maximise both space and natural light.
The standout feature is the impressive open-plan kitchen, dining and living area, creating a stylish and sociable space perfectly suited to modern living.
The contemporary kitchen is fitted with a range of quality units and integrated appliances, while the spacious lounge area offers ample room for both relaxation and entertaining.
The well-proportioned double bedroom benefits from an adjoining dressing room, providing excellent storage and a practical separation of space.
A modern bathroom, finished to a high standard with contemporary fittings and a clean, neutral design, completes the accommodation.
The apartment is presented in excellent condition throughout, with modern décor and quality finishes creating a move-in ready home requiring little more than personal touches from its next owner.
Oley Meadows is ideally located within walking distance of the many amenities that make Shotley Bridge such a sought-after place to live, including independent shops, cafés, restaurants, scenic riverside walks and excellent transport links.
Nearby Consett provides a wider range of facilities, while Durham and Newcastle are both easily accessible for commuters.
The property is offered with vacant possession, allowing for a straightforward purchase process.
It is held on a leasehold basis with approximately 986 years remaining on the lease, providing long-term peace of mind. The annual service charge is approximately £500 per annum.
Combining generous proportions, modern styling and a prime village location, this is a superb opportunity to acquire a stylish apartment in one of the area's most popular developments.
Early viewing is strongly recommended.
Important Note to Potential Purchasers & Tenants: We endeavour to make our 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 photographs and measurements have been taken as a guide 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 traveling some distance to view.
Potential purchasers: Fixtures and fittings other than those mentioned are to be agreed with the seller.
Potential tenants: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details.
A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions.
Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases. STA260243/8
Value & comps
No previous sales on record.
Returns
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We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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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 advisors 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 2, Oley Meadows, Durham
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