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See how verdicts work2-bedroom flat · DL16 7GB
For saleListed 173 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Robinsons are delighted to offer to the market this SMART TWO BEDROOM FIRST FLOOR APARTMENT which is sure to impress.
Located on this private and sought after residential development in this quiet location yet a few minutes walk from Spennymoor Town Centre, local shops, schools and amenities.
We feel this lovely apartment would suit a variety of buyers including retired couples, first time buyers and investors.
The property benefits from well presented kitchen and shower room, bedroom one having fitted wardrobes & en-suite, gas central heating & UPVC DOUBLE GLAZING.
The accommodation briefly comprises ENTRANCE VESTIBULE, ENTRANCE HALL, SPACIOUS LOUNGE, SUPERB FITTED KITCHEN, TWO DOUBLE BEDROOMS, MASTER with EN-SUITE FACILITIES and FAMILY BATHROOM.
EXTERNALLY the property has the benefit of ALLOCATED CAR PARKING, VIEWING IS HIGHLY RECOMMENDED and in more detail the accommodation comprises:- EPC Rating B Council Tax Band B Service Charge: £1,442.00 as of January 2026 £100 ground rent per annum Leasehold information - Hallway - Radiators.
Lounge - 6.10m x 4.27m (20'0 x 14'0 ) - Radiator, uPVC windows, juliet balcony.
Kitchen/Diner - 6.10m x 4.27m (20'0 x 14'0 ) - Modern wall and base units, integrated oven, hob, plumbed for washing machine, space for fridge freezer, stainless steel sink with mixer tap and drainer, french doors with juliet balcony, uPVC window, airing cupboard, radiator.
Bedroom One - 3.05m x 2.29m (10'0 x 7'6) - UPVC window, uPVC bay window, fitted wardrobes, radiator. En-Suite - Panelled bath, shower cubicle, wash hand basin, W/C, radiator, uPVC window.
Bedroom Two - 4.93m x 2.79m (16'2 x 9'2) - UPVC window, radiator. Shower Room - Shower cubicle, wash hand basin, W/C, uPVC window, radiator, tiled splashbacks.
Externally - To the rear there is an allocated parking bay with a visitors bay also.
Agent Notes - Electricity Supply: Mains Water Supply: Mains Sewerage: Mains Heating: Gas Central Heating Broadband: Super-fast 80Mbps * Mobile Signal/Coverage: Average Tenure: Leasehold Council Tax: Durham County Council, Band B - Approx.
£1,899.20 Energy Rating: B
Value & comps
No previous sales on record.
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 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.
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FAQ
About Studley Drive, Spennymoor
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