Modern Method of Auction
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See how verdicts work3-bedroom terraced house · DL15 9EL
For saleListed 11 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Guide price £58,000 plus reservation fee 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).
Albert Street is a charming three-bedroom terraced house presents an excellent opportunity for those looking to invest or create their dream home.
The property boasts spacious accommodation, providing ample room for families or individuals seeking comfort and convenience benefitting from two reception rooms plus dining kitchen and three bedrooms to the first floor.
While the house is ripe for modernisation, it offers a blank canvas for potential buyers to infuse their personal style and preferences.
The generous layout allows for creative renovations, making it an ideal project for those with a vision.
Situated in a prime town centre location, residents will enjoy easy access to local amenities, shops, and transport links, ensuring that everything you need is just a stone's throw away.
This property not only promises a comfortable living space but also the potential for significant value enhancement through thoughtful updates.
Whether you are a first-time buyer, a growing family, or an astute investor, this terraced house on Albert Street is a remarkable find.
Embrace the opportunity to transform this property into a stunning home or a lucrative investment. Do not miss out on the chance to explore the possibilities that await within these walls.
The property is sold as seen Ground Floor Entrance Accessed via UPVC entrance door, stairs rise to the first floor, central heating radiator and access to a useful under stair storage cupboard.
Sitting Room (3.569 x 4.708 into bay (11'8" x 15'5" into bay)) Located to the front elevation is the property having UPVC window and central heating radiator.
Lounge Diner (4.219 x 5.745 (13'10" x 18'10")) Having UPVC window, central heating radiator, has fire with ample space for both living and dining furniture as required.
Inner Hallway Wooden window, storage cupboard, central heating radiator and access to a pantry storage cupboard with wooden window Dining Kitchen (2.987 x 3.537 (9'9" x 11'7")) Fitted with base and wall mounted storage units, laminate work surfaces over, stainless steel sink unit, UPVC window and space and plumbing from free standing appliances.
There is also ample room for a dining table if required. Rear Entrance UPVC door leads to the rear yard.
Bathroom/Wc Fitted with a three piece suite comprising bath, WC, wash hand basin and obscured UPVC window. Access to a useful storage cupboard housing the gas central heating boiler.
First Floor Landing Stairs rise from the entrance hall and provide access to the loft.
Bedroom One (4.607 x 3.923 (15'1" x 12'10")) Located to the front elevation of the property having UPVC window and access to a useful over stair storage cupboard.
Bedroom Two (2.768 x 4.279 (9'0" x 14'0")) Located to the rear elevation of the property having UPVC window.
Bedroom Three (3.301 x 2.848 (10'9" x 9'4")) Also located to the rear elevation of the property having UPVC window and double fitted wardrobe.
Exterior To the rear of the property is an enclosed yard with access to an outhouse. Agent Note Please note there is no central heating to the first floor. Agents Note This property is sold as seen.
Energy Performance Certificate EPC Grade D Auctioneers Comments 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.
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 if the service is taken.
Any payment that will be received by the Agent or Auctioneer will be confirmed to you in writing before services are taken. Services are optional.
Other General Information Tenure: Freehold Gas and Electricity: Mains Sewerage and water: Mains Broadband: Ultrafast Available Highest available download speed10000 Mbps Highest available upload speed10000 Mbps Mobile Signal/coverage: Good Coverage from Vodaphone, O2,3 and EE Council Tax: Durham County Council, Band: A Annual price: £ 1,666.64 (Maximum 2026) Energy Performance Certificate Grade: D Mining Area: This property is located in an area of historical mining works, a mining search is recommended.
This can be done via a solicitor as part of Conveyancing. Flood Risk: Very low risk of ground water flooding.
Very low risk of flooding from seas and rivers Disclaimer The preceding details have been sourced from the seller, and other third parties.
Verification and clarification of this information, along with any further details concerning Material Information parts A, B and C, should be sought from a legal representative or appropriate authorities.
Venture Properties (Crook) Limited cannot accept liability for any information provided.
Hmrc Compliance requires all estate agents to carry out identity checks on their customers, including buyers once their offer has been accepted.
These checks must be completed for each purchaser who will become a legal owner of the property. An administration fee of £30 (inc. VAT) per individual purchaser applies for carrying out these checks.
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
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 advisers 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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FAQ
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