2-bedroom terraced house · DL15 0NJ
Listing removedReduced £7k (−14.9%) on 24 MayListed 223 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
AUCTION ENDS 20TH MARCH AT 1PM.
An excellent buy-to-let investment opportunity, offered for sale via auction with the benefit of a sitting long-term tenant currently paying £510 per calendar month, providing an immediate and reliable rental income from day one.
The property is presented in good order throughout and further benefits from being an end-terrace home, offering additional privacy and space.
Externally, the property enjoys a good-sized rear garden, while to the front it boasts a pleasant open outlook over a green, enhancing the overall appeal for tenants.
Located close to excellent local amenities, the property sits within a popular residential area where rental demand remains strong, making this a solid and attractive addition to any investment portfolio.
The presence of a long-term tenant further adds to the appeal, offering stability and reduced void risk for prospective investors.
Please note the property is being sold via auction, and a reservation fee applies. Opportunities such as this are always in demand — early interest is strongly advised.
Don't miss out on this excellent investment opportunity.
Living Room – 4.8m x 3.25m (15'8" x 10'7") A spacious and welcoming living room positioned to the front of the property, offering ample space for a full range of lounge furniture.
Dual-aspect windows allow an abundance of natural light to flow through the room, creating a bright and airy atmosphere.
Kitchen – 4.0m x 3.17m (13'1" x 10'4") The kitchen is fitted with a range of wood-effect wall, base, and drawer units complemented by contrasting work surfaces and splashbacks.
A stainless steel sink with drainer is incorporated, with space available for freestanding kitchen appliances, making this a practical and functional cooking space.
Master Bedroom – 4.8m x 3.27m (15'8" x 10'8") A generously sized double bedroom located to the front of the property, featuring a built-in storage cupboard and a window to the front elevation, providing a comfortable and well-proportioned main bedroom.
Bedroom Two – 3.0m x 3.0m (9'10" x 9'10") The second bedroom is another well-proportioned double room, benefiting from a window overlooking the rear elevation.
Bathroom – 2.0m x 1.73m (6'6" x 5'8") The bathroom is fitted with a panelled bath with overhead shower, WC, and wash hand basin. A window to the rear elevation provides natural light and ventilation.
External Externally, the property benefits from on-street parking and an enclosed garden to the front and side elevations, featuring hedged boundaries for privacy and gated access to the rear.
Agents Note This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period").
Interested parties personal data will be shared with the Auctioneer (iamsold). If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT.
This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken.
Any payment that will be received by the Agent or Auctioneer will be confirmed to you in writing before services are taken. Services are optional. #/?channel=RES_BUY
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 advisors 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 Coleridge Close, Sunnybrow, Crook, County Durham, DL15
Explore nearby