1-bedroom flat · DL3 9NH
Listing removedListed 57 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A first floor STUDIO apartment situated within easy reach on the Darlington Memorial Hospital - available from end October. Please call to register for our viewing session.
Communal Entrance - Canopy with quarry tiled floor leading into communal entrance. Heron bone parquet flooring with 1930's staircase to first floor.
Under stairs storage with meters, window to front, down lighting and fire door leading to flats 1 and 2. Half Landing - Leaded light windows to sides and UPVC window to front.
First Floor Landing - Doors to flat 3, 4, 5 and 6. Entrance Reception - Down lighting, intercom system and further door to lounge/bedroom and walk through to kitchen.
Kitchen - Single drainer fed by mixer taps, fitted with a range of base and drawer units with worktop surfaces, ceramic hob with below oven, glass splash back and above extractor fan.
Plumbing for automatic washer, built in cupboard housing the central heating boiler. Telephone point, central heating radiator, down lighting and UPVC window to side. Door to shower room/w.c.
Lounge/Bedroom - UPVC windows to front and side, central heating radiator, TV point and downlighting.
Shower Room/W.C - Low level w.c, hand basin with below vanity cupboard, walk in shower cubicle with shower boarding to walls, shaver point and down lighting.
Externally - Electric gates lead to the courtyard having ample parking and communal grounds which surround the apartment block. Mostly laid to lawn with flower and shrub borders.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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
FAQ
About Milbank Road, Darlington
Explore nearby
