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See how verdicts work3-bedroom bungalow · DL17 0LP
Sold STCListed 228 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Reeds Rains exclusively invite you to discover this unique three bedroom detached bungalow.
The property, as a former school, boasts a rich history with links to former Prime Minister Anthony Eden, and would appeal to a variety of buyers, whether that be to live in or to explore the development possibilities.
The ground floor briefly comprises a kitchen, lounge, bathroom, WC, and two bedrooms, while the attic has been partly converted to accommodate another bedroom.
To the front of the property is a generous garden, and to the rear is a courtyard with a triple garage and an outhouse. To arrange a viewing call us on .
Council Tax Band E EPC E IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS: We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact.
The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given.
All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed.
If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view.
POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller.
POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details.
A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions.
Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.
DCI250281/2 Entrance Hall Door to the front leading into internal hallway, with access to lounge and attic bedroom.
Lounge 3.78m x 6.8m (12' 5" x 22' 4") Spacious living room with windows to the front and rear.
Kitchen 3.3m x 3.18m (10' 10" x 10' 5") Laminate units and worktops house integrated appliances and space for kitchen items. With windows to the side and a door to the rear.
Hallway Leading to the lounge, two bedrooms, a bathroom and a WC. Bedroom 2.8m x 4.01m (9' 2" x 13' 2") Double bedroom with a window to the front and fitted wardrobes.
Bedroom 4.01m x 5.18m (13' 2" x 17' 0") Spacious double bedroom with windows to the side and front. Bathroom Featuring a bath, a walk-in shower, a sink, and a frosted window to the rear.
WC Featuring a toilet and a frosted window to the rear. Attic Bedroom 3.1m x 2.77m (10' 2" x 9' 1") Double bedroom with a window to the side.
External Courtyard to the rear with a triple garage and an outhouse, and a generous garden to the front.
Additional Information Plot Size 0.22 acres Local Authority Durham Council Tax Band E Council Tax Estimate £3,118 Flood Risk Rivers & Seas: Very low Surface Water: Very low Land Registry Tenure Freehold Agent's Note HMRC is a supervisory body for money laundering regulations, of which all estate agents need to be registered.
As part of this, there are multiple requirements that agents must rigorously and consistently meet to ensure they stay compliant with the regulations and protect their clients.
To do this, we use an identity verification service, approved by the Government as part of the Digital Identity and Attributes Trust Framework (DIATF).
This method and the process we follow to ensure compliance for your transaction come with significant time, financial and legal implications hence a portion of this is passed on to our clients.
We elected for this verification process due to the speed, certainty, and accuracy it delivers.
This helps us to protect all our client's interests by using the most advanced verification process to help prevent the impacts of money laundering alongside our internal manual policies and procedures while staying compliant with HMRC.
. The administrative charge for this process is £40 plus VAT for a sole purchaser, £65 plus VAT for two purchasers and £75 plus VAT three or more purchasers.
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
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
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FAQ
About Rushyford, Ferryhill, Durham, DL17
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