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See how verdicts work1-bedroom flat · DL16 6QJ
Sold STCListed 236 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Robinsons are pleased to offer to the market this ONE BEDROOMED GROUND FLOOR APARTMENT which is also offered to the market with no onward chain.
This brilliant investment opportunity or first time buyer property is located in the heart of Spennymoor, being within a couple of minutes walk from the Town centre and local amenities.
This cosy property benefits from UPVC DOUBLE GLAZING and is warmed via electric heaters, The property comprises of ENTRANCE HALLWAY, GOOD SIZED LOUNGE/ Dining room, FITTED KITCHEN, DOUBLE BEDROOM, Shower room.
and separate W/C Externally the property benefits from ALLOCATED BLOCK PAVED PARKING to the REAR and a small easy to maintain garden.
In more detail the accommodation comprises of Service Chargers - ground rent is £220 PA. Years left on lease - The lease started in 1 January 1990 and is a 999 year lease.
EPC Rating TBC Council Tax Band A Hallway - Access to first floor, Upvc window. Lounge - 4.47m x 3.25m max points (14'8 x 10'8 max points - Upvc bay window, electric radiator.
Kitchen - 4.27m x 2.29m (14'0 x 7'6 ) - Morden wall and base units, integrated oven, hob, extractor fan, stainless steel sink with mixer tap and drainer, tiled splash backs, Upvc window, electric radiator, space for under counter fridge / freezer, space for small dining room table.
Bedroom One - 3.25m x 2.62m (10'8 x 8'7 ) - Upvc window, radiator, fitted wardrobe, storage cupboard. Ensuite - Shower cubicle, tiled splash backs W/C - W/C.
Externally - To rear is a allocated parking bay.
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 King Street, Spennymoor
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