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13 Howard House, Clarks Yard, Darlington DL3 7QG
Marketed by:
Auction House Lincolnshire
124 Trinity St, Gainsborough DN21 1JD, UK
01427 616436
1 Bed Flat Investment Opportunity
13 Howard House, Clarks Yard, Darlington DL3 7QG
Sold
£10,000+
Key Features
1 Bed Flat Investment Opportunity
Guide price £10,000+
Located at 13 Howard House, Clarks Yard, Darlington DL3 7QG
Suggested strategy: Buy-to-Let
Description
One-bedroom flat in Darlington offering a low-entry investment opportunity; lease terms and service charges should be checked in the legal pack.
Location
The property is in Clarks Yard. The investment case should be checked against local transport, amenities, employment and tenant-demand drivers before bidding.
Investment Analysis
Investment Snapshot
Guide Price | £10,000+ |
Tenure | Refer to auction particulars / legal pack |
Condition | HB: refurbishment / due-diligence allowance assumed |
HB Estimated Market Rent | £550–£800 pcm |
HB Estimated Annual Rent | £6,600–£9,600 pa |
Refurbishment / Works Budget | HB indicative £8,000–£18,000 |
Purchase + Works | £18,000–£28,000 |
HB Indicative GDV / Value | £55,000–£90,000 |
Gross Yield on Guide | 66.0%–96.0% |
Gross Yield on Project Cost | 23.6%–53.3% |
Suggested Strategy | Buy-to-Let |
Strategy Recommendation
Buy-to-Let. The low auction guide provides potential headroom, but the maximum bid should be tested against condition, legal-pack liabilities, achievable rent and local comparable evidence.
Works Required
Obtain a full survey and contractor quotations. Budget for property-specific repairs, compliance works, services testing, decoration and any kitchen/bathroom or common-parts upgrades identified on inspection.
Rental & Market Context
HB indicative rent: £550–£800 pcm (£6,600–£9,600 pa). This is an HB estimate, not an auctioneer-quoted rent, unless an existing tenancy is specifically stated above.
Sold within approximately 5 miles
Reliable sold-comparable evidence should be checked against Land Registry data before setting a maximum bid; no unverified comparable addresses or prices have been inserted.
Potential BRRR Position
Illustrative 75% refinance on the HB indicative value range is approximately £41,250–£67,500. Actual refinance depends on lender valuation, rent stress testing, property type, condition and borrower circumstances.
Flip Analysis
Indicative gross spread before transaction and finance costs is approximately £27,000–£72,000. This is not profit and excludes SDLT, auction/legal fees, finance, holding costs, professional fees, selling costs, tax and contingency.
Investor Risks & Due Diligence
Review the legal pack, title, special conditions, buyer fees, completion period, survey, services, EPC, planning/building regulations, finance and local rental/sold evidence. For leasehold property also verify lease length, ground rent, service charge and major works.
Recommendation
Initial recommendation: Buy-to-Let. Proceed only after verifying the legal pack, physical condition, total acquisition costs and local market evidence.
Strategy Rating
Buy-to-Let: ★★★★☆ | BRRR: ★★★☆☆ | Flip: ★★★☆☆
Auction Details :
Auction House Lincolnshire
Auction Date :
07/09/26
Lot Number :
Property Location:
13 Howard House, Clarks Yard, Darlington DL3 7QG
View our Property Calculators:
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BRRR Calculator - Estimate your potential returns after refurbishment and refinancing.
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Buy to Let Calculator - Calculate rental yield, cash flow and potential return.
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Property Development Calculator - Assess development costs, GDV and potential profit.
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Build Cost Calculator - Estimate refurbishment, extension and construction costs.
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Bridging Finance Calculator - Estimate borrowing costs and potential finance requirements.