2-bedroom terraced house · DL15 0RX
Listing removedListed 159 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
* NO FORWARD CHAIN * For sale by modern auction - guide price £32,000, plus reservation fee.
Robinsons are delighted to offer to the sales market this two bedroom mid terrace house, located in Helmington Row and enjoys a pleasant open outlook to the front aspect.
The house does require renovation works, this has been reflected in the asking price, however it does present a fantastic opportunity for a number of buyers who are looking for a project.
The internal accommodation comprises; entrance hallway, which leads to two reception rooms, the front facing reception room enjoys a window to the front aspect, while the rear facing reception room has doors leading to the yard.
Kitchen and a large understairs storage cupboard conclude the ground floor. To the first floor there are two bedrooms and a bathroom.
Outside there is a small forecourt garden to the front, and a enclosed yard with brick storage shed to the rear.
Helmington Row is conveniently positioned between Crook and Willington and is on a regular bus route. Within walking distance there is a village petrol station/shop.
Contact Robinsons for further information and to arrange an internal viewing.
Modern Auction - This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period").
Interested parties personal data will be shared with the Auctioneer (iamsold). If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT.
This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken.
Any payment that will be received by the Agent or Auctioneer will be confirmed to you in writing before services are taken. Services are optional.
Agent Notes - Council Tax: Durham County Council, Band A Approx.
£1748.00 Tenure: Freehold Property Construction – Standard Number & Types of Rooms – Please refer to the details and floorplan, all measurements are for guidance only Gas Supply - None Electricity supply – Mains Water Supply – Mains Sewerage – Mains Heating – None 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 – N/A Rights & Easements – not known Flood risk – refer to the Gov website - Coastal Erosion – refer to the Gov website - Protected Trees – No Planning Permission – Nothing in the local area to affect this property that we are aware of.
Check with seller. Accessibility/Adaptations – No 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 £30 (inc. VAT) per individual purchaser applies for carrying out these checks.
Value & comps
No previous sales on record.
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Returns
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Archie refurb estimate: a Pro feature
0.0% below starting price
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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 advisors before making any investment decisions.
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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
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FAQ
About Coronation Terrace, Helmington Row, Crook
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