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See how verdicts work2-bedroom flat · SR8 2NT
Listing removedReduced £1.3k (−2%) on 26 AugListed 88 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated on the popular Grampian Drive in Peterlee, this spacious two-bedroom maisonette presents an excellent opportunity for first-time buyers, investors or those looking to downsize.
Offered to the market with the added benefit of no onward chain, the property provides well-proportioned accommodation throughout together with a private, enclosed garden.
The property is accessed via an entrance hall with stairs leading to the first-floor landing and a useful storage cupboard.
The accommodation opens into a generous 15ft living room, a bright and inviting space featuring patio doors that provide direct access to the rear garden, allowing plenty of natural light to flow through.
The living room seamlessly opens into a 9ft dining room, creating an ideal layout for both everyday living and entertaining.
The kitchen is fitted with a range of units and offers ample space for food preparation and storage.
To the first floor, the landing benefits from a built-in wardrobe, an additional storage cupboard and a cupboard housing the hot water tank.
The principal bedroom is a spacious double room complete with a built-in wardrobe, while the second bedroom is also a comfortable double, making it ideal for guests, children or a home office.
Completing the accommodation is a family bathroom fitted with a three-piece suite.
Externally, the property enjoys a fully enclosed garden, providing a private outdoor space for relaxation and entertaining.
The garden features a block-paved patio area, perfect for outdoor dining, together with a lawned section.
Combining generous room sizes, practical storage solutions, a private garden and the convenience of no chain, this attractive maisonette is sure to appeal to a wide range of purchasers and early viewing is highly recommended.
Entrance Hall 2.9972m x 1.8034m - 9'10” x 5'11” External door, storage cupboard, stairs leading to the first floor landing Living Room 4.6736m x 3.0226m - 15'4” x 9'11” Patio doors to the garden, opening into the dining room Dining Room 2.921m x 2.3876m - 9'7” x 7'10” Double glazed window to the rear elevation, storage cupboard Kitchen 3.556m x 1.8542m - 11'8” x 6'1” Fitted with a range of wall and base units with complementing work surfaces, splash back tiling, electric hob, electric oven, extractor hood, stainless steel sink with drainer and mixer tap, washing machine, fridge/freezer, double glazed window to the front elevation Landing Double glazed window to the side elevation, built in wardrobe, storage cupboard, cupboard housing hot water tank Bedroom One 3.7846m x 3.0226m - 12'5” x 9'11” Double glazed window to the rear elevation, built in wardrobe Bedroom Two 3.7846m x 2.4638m - 12'5” x 8'1” Double glazed window to the rear elevation, storage cupboard Bathroom 2.4384m x 1.778m - 8'0” x 5'10” Fitted with a 3 piece suite comprising of; Bath, pedestal wash hand basin, low level w/c, two double glazed windows to the rear elevation Garden Block paving and lawn garden
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
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FAQ
About 16, Grampian Drive, Peterlee
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