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See how verdicts workProperty · DL16 6AR
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Lock up garage for sale in Spennymoor. Close to town centre in a tucked away location, this building is located off Dundas Street with all local amenities within walking distance.
The double height building is currently arranged over one floor however does have a mezzanine deck.
Believed to be a former stable or similar, this character property is suitable for a variety of uses subject to planning and is sold chain free with vacant possession.
The owner informs us the building is currently unrated for council tax/business rate purposes with no bills as it was used for parking cars / personal storage.
Location: Spennymoor is serviced by excellent transportation links and benefits from inclusion within the catchment area of well regarded local schools.
A more comprehensive range of professional, retail and recreational services can be accessed in nearby historic Durham City.
Use Class: Interested parties should make their own enquiries with Durham County Council.
Size: 39.07 sqm / 427.20 sq ft 7.83m x 5.09m Terms: The freehold property is available to purchase for £50,000 Viewing at your earliest convenience is strongly recommended.
Disclaimer: Our details have been compiled in good faith using publicly available sources and information obtained from the vendor prior to marketing.
Verification and clarification of this information, along with any further details concerning Material Information parts A, B & C, should be sought from a legal representative or appropriate authorities before making any financial commitments.
Ben Charles Ltd cannot accept liability for any information provided subsequent amendments or unintentional errors or omissions.
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.
Area
Agent & docs
FAQ
About Lock Up, Off Dundas Street, Spennymoor, Durham, DL16
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