2-bedroom house · DL16 7US
To rentListed 1 day
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Viewing is essential to appreciate this immaculate home to rent.
This property is located on the ever-popular Merrington Park development, which is approximately a ten-minute walk from Spennymoor Town centre, local shops, schools and amenities and leisure centre.
Ideally located for the commuter travelling to nearby Durham City, Darlington and Teesside. This lovely home benefits from UPVC DOUBLE GLAZING and GAS CENTRAL HEATING.
The property briefly comprises of; ENTRANCE HALL with staircase to first floor landing, LOUNGE with archway to SUPERB CONTEMPORARY STYLE KITCHEN/BREAKFAST AREA, TWO well-proportioned BEDROOMS with master having the added bonus of fitted wardrobes and ATTRACTIVE BATHROOM.
Externally there is ALLOCATED PARKING and SINGLE GARAGE.
In more detail the accommodation comprises of; EPC Rating C Council Tax Band B Tenant Earnings £20,850 per year Guarantor Earnings £25,020 per year Entrance Hall - Staircase to first floor and single central heating radiator.
Landing - UPVC window to rear elevation, single central heating radiator, large storage cupboard and double storage cupboard, quality flooring.
Lounge - 5.31m x 4.04m (17'5 x 13'3 ) - Two uPVC bay windows to front elevation, double central heating radiator, quality flooring, BT point, TV point and archway to kitchen/breakfast room.
Kitchen/Diner - 4.11m x 2.16m (13'6 x 7'1 ) - A range of contemporary high gloss wall and base units with contrasting work surfaces, stainless steel sink and mixer tap, plumbing for automatic washing machine, stainless steel gas hob, stainless steel splashback, split level electric oven, integrated fridge/freezer, stainless steel chimney style extractor hood, double central heating radiator, uPVC window to rear elevation, boiler for domestic hot water and gas central heating.
Bedroom One - 3.38m x 3.12m (11'1 x 10'3 ) - UPVC window to front elevation, single central heating radiator and double built in wardrobes, quality flooring.
Bedroom Two - 3.38m x 3.12m max points (11'1 x 10'3 max points - UPVC window to front elevation, single central heating radiator, quality flooring and storage cupboard.
Bathroom - Fitted with a modern white suite comprising of panelled bath, over bath mains fed shower and screen, pedestal wash hand basin, low level w/c, chrome effect fittings, part tiled walls, single central heating radiator, extractor fan and uPVC window to rear elevation.
Externally - There is a blocked paved driveway leading to single garage with up and over door, power and lighting.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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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
Agent & docs
FAQ
About Woodward Road, Spennymoor
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