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See how verdicts work1-bedroom flat · DH2 3DG
SoldListed 328 daysAuction 13 Jan · ended
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
For sale by online auction on Tuesday, 13 Jan 2026 ending at 14:43 Buy-to-Let Opportunity | Tenanted | £6,900 Per Annum Income Tenanted Investment Opportunity – £575 pcm Offered for sale by auction is this well-presented one-bedroom ground floor flat, situated within the popular and established residential development of Gibbs Court, DH2 3DG.
The property is currently let and producing an income of £575 per calendar month (£6,900 per annum), making it an ideal buy-to-let investment for landlords seeking immediate rental return.
The accommodation extends to approximately 47 sq. Metres (505 sq. Ft.) and briefly comprises: Entrance hall, spacious living room, fitted kitchen, double bedroom and bathroom.
The property benefits from double glazing and a practical layout, suitable for long-term rental demand. Externally, the building is set within well-maintained communal grounds with a pleasant outlook.
The location offers convenient access to local amenities, transport links and surrounding towns, supporting continued tenant demand.
Investment Summary: Let at £575 pcm £6,900 per annum gross income Ground floor one-bedroom flat Popular residential development Ideal auction investment opportunity Tenanted and income producing from completion This property is recommended for investors seeking a straightforward, income-producing asset to add to their portfolio.
Viewing strictly by appointment. Full legal pack available on request.
Tenure: Leasehold EPC Rating: C Portrait Video Tour False Additional Fees Administration Charge - £3,600 inc vat payable upon the fall of the virtual gavel Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Price Information * Guides are provided as an indication of each seller's minimum expectation.
They are not necessarily figures which a property will sell for and may change at any time prior to the auction.
Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
Additional Fees Information Please be aware there may be additional fees payable on top of the final sale price.
This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion.
Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.
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.
Area
Agent & docs
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FAQ
About 82 Gibbs Court, Chester le Street
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