We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work2-bedroom house · DL17 8JT
Listing removedReduced £10k (−7.7%) on 21 JunListed 194 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Summary Available with no upper chain, Pattinson is delighted to offer for sale Via Auction this modernised detached, 2 bedroom bungalow having spacious accommodation throughout.
An impressive open-plan kitchen, diner and sitting area, creating the perfect space for modern living, entertaining and socialising.
The kitchen has been refitted with an upgraded comprehensive range of units, complemented by contrasting worktops and incorporating a stainless steel sink with drainer and mixer tap.
Integrated appliances include a double oven, gas hob with stainless steel extractor hood, fridge, freezer and washing machine.
Additional features to the kitchen include a UPVC double glazed window to the rear, tiled splashbacks, wood-like laminate flooring, radiator, and a fireplace housing an electric fire.
A charming stable-style door provides access to the su room.
This versatile sun room, with windows overlooking the garden and an external door providing direct access to the rear of the property is an ideal space for a multitude of uses such as a hobby or simple relaxation area to enjoy reading a book.
The property benefits from two generously sized double bedrooms.
The principal bedroom features a UPVC double glazed bay window to the front, while the second bedroom includes a UPVC double glazed window to the side and built-in wardrobes providing ample storage.
A well-appointed and generously proportioned wet room, designed with both practicality and accessibility in mind including being fully tiled in neutral beige tones with a decorative horizontal border.
The bathroom features a walk-in shower with overhead shower and curtain rail, a pedestal wash hand basin with chrome fittings, alongside a low-level WC positioned beneath a large frosted window, allowing for plenty of natural light while maintaining privacy.
A built-in storage unit offers excellent space for towels and toiletries whilst the flooring is durable and easy to maintain, perfectly suited to a wet room environment.
Externally, to the front, the property is set back from the pedestrian public pathway with a walled front garden with bedding plants and steps lead up to the front door.
A driveway allows for private off street parking, and a secure gate divides and offers access to the rear garden where further parking is available for multiple cars.
The low maintenance paved garden to the rear offers a lovely area to enjoy alfresco dining and summer days. A large wooden storage shed can be used to store gardening equipment or used as workshop.
The property is well located within Ferryhill, close to a range of local amenities including shops, supermarkets, schools and leisure facilities, with further options available in nearby Bishop Auckland and Durham.
The area offers good transport links, including regular bus services. There is also convenient access to the A1(M) and A167 for commuting across the region.
Viewing is highly recommended for full appreciation of this property contact your local Pattinson Durham Branch to arrange.
Council Tax Band: A Tenure: Freehold Entrance/Hallway Entrance Hall - Welcoming hallway entered via UPVC double glazed door. Having wood laminate flooring and radiator.
Living Room Living Room - 4.76 x 4.21 (15'7" x 13'9") - Spacious reception room with a UPVC double glazed bay window to the front, further UPVC double glazed window to the side, feature fireplace housing an electric fire and two radiators Kitchen Open Plan Kitchen, Dining And Sitting Room - 6.41 x 3.68 (21'0" x 12'0" Bedroom 1 Bedroom One - 4.76 x 3.45 (15'7" x 11'3") - Generous double bedroom with a UPVC double glazed bay window to the front and radiator.
Bedroom 2 Bedroom Two - 4.34 x 3.32 (14'2" x 10'10") - Further double bedroom with a UPVC double glazed window, a window to the side, fitted wardrobes providing ample storage and a radiator.
Bathroom Bathroom/Wc - 3.18 x 2.51 (10'5" x 8'2") - A refitted wetroom comprising of a mains fed shower, pedestal wash basin, WC, tiled splashbacks, extractor fan and UPVC double glazed opaque window Sun Room Conservatory/Rear Lobby - 6.20 x 1.70 (20'4" x 5'6") - Having windows overlooking the garden and an external door.
Externally External - The property enjoys surrounding low maintenance gardens including gates to the side providing access for parking.
To the rear is a large wooden shed/garage which is ideal for storage. Auctioneers Additional Comments Pattinson Auction are referred to as The Auctioneer.
This auction lot is being sold by either conditional (Modern) or unconditional (Traditional) auction terms and overseen by The Auctioneer.
The method of auction sale and the applicable terms and conditions are found on the lot page of this property on The Auctioneers website.
The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer.
Please be aware that any enquiry, bid or viewing of the subject property will require your details to be shared between any marketing agent and The Auctioneer so that matters can be dealt with effectively.
The property is being sold via a transparent online auction. To submit a bid, all bidders must adhere to a verification of identity process in line with Anti Money Laundering procedures.
Bids can be submitted at any time and from anywhere.
Auctioneers Additional Comments The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price.
The Reserve Price is confidential to the seller and The Auctioneer and will typically be within a range above or below 10% of the Guide Price or Starting Bid. These prices are subject to change.
An auction can be closed at any time, with The Auctioneer permitting the property (the lot) to be sold prior to the end of the auction.
A Legal Pack associated with this property is available to view upon request and contains details relevant to the legal documentation, enabling all interested parties to make an informed decision prior to bidding.
The Legal Pack will also outline the buyers obligations and sellers commitments.
It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
Auctioneers Additional Comments In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price.
The deposit will form part of the purchase price.
A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum fee which could be up to 7,200 inc VAT) is also payable upon agreement of sale.
The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs.
Both the Marketing Agent and The Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received.
There is no requirement or obligation to use any recommended suppliers or services.
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
.png)
FAQ
About 51, Parker Terrace, Ferryhill
Explore nearby