2-bedroom flat · DL16 6NW
For saleListed 3 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 beautifully presented two-bedroom ground floor apartment, which has been enhanced throughout with upgraded flooring, a stylish contemporary kitchen, and a stunning modern shower room.
Constructed by Wimpey Homes, the apartment is pleasantly situated within a sought-after private residential development in a quiet location, while remaining just a short walk from Spennymoor Town Centre, local shops, schools, and a range of everyday amenities.
This attractive home is sure to appeal to a wide variety of purchasers, including first-time buyers, downsizers, retired couples, and buy-to-let investors.
Further benefits include UPVC double glazing and well-maintained communal areas.
The accommodation briefly comprises: entrance hallway, spacious L-shaped lounge/dining room with archway leading to a modern white fitted kitchen complete with integrated cooking appliances, two generously sized double bedrooms, and a stylish shower room.
Externally, the property enjoys access to a shared rear garden, together with allocated parking and additional visitor parking to the front.
This is superb opportunity to acquire a ready-to-move-into apartment in a convenient and highly regarded location, so early viewing is advised to avoid any disappointment.
EPC Rating D Council Tax Band A Leasehold Information: 999-year lease from 1999.
Current annual ground rent and service charge £1130.65 per year Hallway - Storage cupboard, intercom entry system, quality flooring, storage heater and airing cupboard L-Shaped Lounge/Diner - 5.36m x 4.22m (17'7 x 13'10) - Two uPVC windows to front elevation, quality flooring, two wall heaters, TV point and BT point Kitchen - 2.36m x 2.21m (7'9 x 7'3) - Fitted kitchen with a range of wall and base units with contrasting work surfaces, part tiled walls, tiled flooring, sink with mixer tap, electric hob, built in electric oven, extractor hood and plumbing for automatic washing machine Bedroom One - 3.30m x 2.95m (10'10 x 9'8) - UPVC window to rear elevation, quality flooring and wall heater Bedroom Two - 3.25m x 2.51m (10'8 x 8'3) - Quality flooring, uPVC window to rear elevation with wall heater Shower Room - Large walk in shower, wash hand basin, w/c, chrome towel radiator, extractor fan and quality flooring Externally - To the front of the property there are allocated parking to the rear enclosed shared gardens Agents Notes - Council Tax: Durham County Council, Band Property Construction – Standard Number & Types of Rooms – Please refer to the details and floorplan, all measurements are for guidance only Electricity supply – Mains Water Supply – Mains Sewerage – Mains Heating – Gas Central Heating Estimated Mobile phone coverage – Please refer to the Ofcom Website - Estimated Broadband Download speeds – please refer to the Ofcom Website – Building Safety – The Vendor is not aware of any Building Safety issues.
However, we would recommend that the purchaser engages the services of a chartered surveyor to confirm.
Restrictions – covenants which affect the property are within the Land Registry Title Register which is available for inspection.
Selective licencing area – no Probate –NA Rights & Easements – None known Flood risk – refer to the Gov website - Coastal Erosion – refer to the Gov website - Protected Trees – None known Planning Permission – Nothing in the local area to affect this property that we are aware of.
Accessibility/Adaptations – stair access only, no lift Mining Area – Coal Mining Reporting Area, further searches may be required by your legal representative.
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.
Robinsons cannot accept liability for any information provided subsequent amendments or unintentional errors or omissions.
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 £50.00 + VAT (£60.00 including VAT) per individual purchaser applies for carrying out these checks.
Value & comps
No previous sales on record.
Returns
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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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