3-bedroom bungalow · DL16 6LN
Sold STCListed 155 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Three bedroomed, semi detached dormer bungalow with large gardens and garage offered for sale with no onward chain.
Pleasantly situated on Oval Park within the small, sought-after Tudhoe Village, only approx. 1.5miles from nearby Spennymoor and 4.5miles from Durham City.
The property has access to a range of local amenities including a popular country pub/restaurant, primary school and convenience store.
Further facilities are available in the nearby towns including secondary schools, supermarkets, high street shops, restaurants, retail stores and recreational services.
The A1 (M) and A167 are both close by for commuters whilst there is a regular bus service nearby leading to the neighbouring towns, villages and Durham City.
In brief the property comprises; an entrance hall leading into the living room, kitchen, garden room, two double bedrooms and family bathroom.
Stairs ascend to the first floor contains a further large double bedroom and ensuite.
Externally, the property has substantially sized gardens to the side and rear of the property, mainly laid to lawn with established perimeter borders and patio areas ideal for outdoor furniture.
The summerhouse and storage shed are great additions to the garden, both fitted with power alongside the glazed potting shed. Single garage providing off street parking.
Living Room (4.95m x 3.7m (16'2" x 12'1")) Spacious and bright living room situated to the front of the property providing ample space for furniture, gas fire with feature surround, neutral decor and large window to the front elevation.
Garden Room (4.0m x 3.37m (13'1" x 11'0")) Suitable for a variety of purposes, the second reception room is another great size, with space for a dining table and chairs along with further furniture.
Dual aspect windows providing lots of natural light and French doors lead out into the garden.
Kitchen (3.4m x 2.45m (11'1" x 8'0")) The kitchen is fitted with a range of wall, base and drawer units, complementing work surfaces, tiled splash backs and sink/drainer unit.
Space is available for free standing kitchen appliances.
Master Bedroom (4.0m x 2.75m (13'1" x 9'0")) The master bedroom is a generously sized double room with space for a king sized bed and further furniture, neutral decor, storage cupboard and large window to the rear elevation.
Bedroom Two (3.4m x 2.9m (11'1" x 9'6")) The second bedroom is a further good size double bedroom with plenty of space for a double bed and further furniture, fitted wardrobes, neutral decor and large window to the rear elevation.
Shower Room (2.45m x 1.96m (8'0" x 6'5")) The large shower room contains a walk in shower, heated towel rail, WC and wash hand basin.
Bedroom Three (5.0m x 4.3m (16'4" x 14'1")) The third bedroom is an enviably sized double bedroom with ample space for a king sized bed, further furniture, two windows to the rear elevation and access into the ensuite.
Ensuite (2.1m x 2.0m (6'10" x 6'6")) Fitted with a corner shower cubicle, WC and wash hand basin.
External Externally, the property has substantially sized gardens to the side and rear of the property, mainly laid to lawn with established perimeter borders and patio areas ideal for outdoor furniture.
The summerhouse and storage shed are great additions to the garden, both fitted with power alongside the glazed potting shed. Single garage providing off street parking.
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.
Area
Agent & docs
FAQ
About 40, Oval Park, Spennymoor
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