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See how verdicts work2-bedroom terraced house · SR8 2BD
For saleListed 1 dayAuction 17 Nov · in 23 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Auction Commencing on Monday 16th November at 1pm and ending 23 hours later on Tuesday 17th November around 11am with Auction House North East Please register to bid via our website - auctionhouse.co.uk/northeast TWO BED TERRACED HOME IN PETERLEE This property offers an excellent opportunity for both investors and owner-occupiers, situated in an area of good rental demand.
The accommodation briefly comprises an entrance porch leading into the main living accommodation, with a spacious lounge and a fitted kitchen to the ground floor.
To the first floor are the bedrooms and family bathroom, providing practical accommodation suited to a range of prospective purchasers.
The property is presented in good condition and would be suitable for immediate occupation or letting, making it an attractive option for landlords seeking a rental investment or buyers looking for a home ready to move into.
There is also scope for further improvement and modernisation, offering the potential to enhance the property's overall appeal and add value over time.
With its combination of immediate usability, rental potential and opportunity for improvement, this property is likely to appeal to a broad range of buyers from investors to those looking to create a home tailored to their own requirements.
Tenure: See Legal Pack Administration Fee: £3600 inc VAT payable on exchange of contracts.
Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
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
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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 18 Layburn Place, Peterlee SR8 2BD
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