3 Bed Terraced House, Refurb/BRRR, Bishop Auckland, DL14 0HW, £150,000

Church Square, Bishop Auckland, DL14 0HW - 15 views - 2 years ago

Under Offer
Refurb/BRRR
~144 m²
+9 photos

ValuationUndervalued

Sold Prices£64K - £275K
Sold Prices/m²£673/m² - £2.9K/m²

 

 

Square Metres

~143.70 m²
Price/m²£1K/m²

Value Estimate

£163,200
BMV2%

 

 

End Value (After Refurb)

£269,468

Uplift in Value

+68%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£37,500

Stamp Duty & Legal Fees

£6,000

Refurb Costs

£55,181

Bridging Loan Interest

£3,938

Total Cash In

£104,368

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£269,468

Agent Fees (1%)

£2,695

Bridging Loan

£112,500

Bridging Loan Interest

£3,938

Flip Profit

£49,905

Local Sold Prices

50 sold prices from £64K to £275K, average is £133.5K. £673/m² to £2.9K/m², average is £1.6K/m².

PriceDateDistanceAddressBeds 
£85K01/210.06 mi73, Red Houses, High Etherley, Bishop Auckland, County Durham DL14 0HJ3
£125K09/210.19 mi4, Lilac Way, Toft Hill, Bishop Auckland, County Durham DL14 0TA3
£163.5K06/210.19 mi23, Lilac Way, Toft Hill, Bishop Auckland, County Durham DL14 0TA3
£85K03/230.2 mi26, Dale View, High Etherley, Bishop Auckland, County Durham DL14 0JH3
£215K01/230.23 mi14, Maple Court, Toft Hill, Bishop Auckland, County Durham DL14 0TB3
£175K02/210.24 mi7, Maple Court, Toft Hill, Bishop Auckland, Durham DL14 0TB3
£150K05/210.29 mi31, Chestnut Court, Toft Hill, Bishop Auckland, Durham DL14 0TQ3
£153K04/230.29 mi23, Chestnut Court, Toft Hill, Bishop Auckland, County Durham DL14 0TG3
£123K12/200.31 mi23, Chestnut Court, Toft Hill, Bishop Auckland, Durham DL14 0TG3
£140K07/210.38 mi35, South Road, High Etherley, Bishop Auckland, County Durham DL14 0LF3
£163K04/210.82 mi7, The Baltic, Witton Park, Bishop Auckland, County Durham DL14 0EP3
£117.5K05/231.17 mi13, High Queen Street, Witton Park, Bishop Auckland, County Durham DL14 0EE3
£75K03/231.25 mi2, Main Street, Witton Park, Bishop Auckland, County Durham DL14 0DY3
£185K02/231.29 mi8, Station Court, Witton Park, Bishop Auckland, County Durham DL14 0DW3
£117K06/211.35 mi11, Bishops Court, St Helen Auckland, Bishop Auckland, Durham DL14 9FB3
£120K11/201.38 mi23, Boyden Close, St Helen Auckland, Bishop Auckland, County Durham DL14 9EF3
£131K04/211.38 mi5, Boyden Close, St Helen Auckland, Bishop Auckland, Durham DL14 9EF3
£135K01/211.38 mi7, Boyden Close, St Helen Auckland, Bishop Auckland, Durham DL14 9EF3
£145K02/231.4 mi7, Derwent Avenue, West Auckland, Bishop Auckland, County Durham DL14 9LH3
£126.5K03/211.42 mi3, Windermere Drive, West Auckland, Bishop Auckland, County Durham DL14 9LE3
£188.5K05/211.42 mi16, Windermere Drive, West Auckland, Bishop Auckland, Durham DL14 9LE3
£140K10/211.47 mi10, Buttermere Grove, West Auckland, Bishop Auckland, County Durham DL14 9LG3
£93K07/231.47 mi97, Melrose Drive, St Helen Auckland, Bishop Auckland, County Durham DL14 9DP3
£135K09/211.47 mi90, Northbridge Park, St Helen Auckland, Bishop Auckland, County Durham DL14 9UG3
£120K08/211.47 mi96, Northbridge Park, St Helen Auckland, Bishop Auckland, Durham DL14 9UG3
£147K01/211.47 mi58, Northbridge Park, St Helen Auckland, Bishop Auckland, Durham DL14 9UG3
£130K11/211.48 mi124, Northbridge Park, St Helen Auckland, Bishop Auckland, Durham DL14 9UJ3
£115K06/211.48 mi100, Northbridge Park, St Helen Auckland, Bishop Auckland, Durham DL14 9UJ3
£95K06/211.49 mi19, Windermere Drive, West Auckland, Bishop Auckland, County Durham DL14 9LF3
£125K11/201.49 mi45, Windermere Drive, West Auckland, Bishop Auckland, County Durham DL14 9LF3
£132K06/211.49 mi4, Croftside, Etherley Moor, Bishop Auckland, Durham DL14 0ST3
£150.5K03/231.5 mi14, Croftside, Etherley Moor, Bishop Auckland, County Durham DL14 0ST3
£136.5K01/211.53 mi92, Copeland Road, West Auckland, Bishop Auckland, County Durham DL14 9JN3
£120K08/211.57 mi4, Cross Street, St Helen Auckland, Bishop Auckland, Durham DL14 9EU3
£95K01/211.6 mi50, Manor Road, St Helen Auckland, Bishop Auckland, Durham DL14 9EP3
£93K11/211.61 mi4, Dickenson Road, West Auckland, Bishop Auckland, Durham DL14 9JW3
£93K02/231.61 mi8, Simpson Road, West Auckland, Bishop Auckland, County Durham DL14 9JP3
£180K07/211.62 mi11, Calder Close, Bishop Auckland, County Durham DL14 0RT3
£275K12/211.62 mi29, High Escomb, Escomb, Bishop Auckland, Durham DL14 7ST3
£87.5K12/201.63 mi45, Staindrop Road, West Auckland, Bishop Auckland, Durham DL14 9JU3
£64K08/211.64 mi3, Millbank Close, West Auckland, Bishop Auckland, Durham DL14 9HN3
£135K05/211.65 mi12, Newark Avenue, Etherley Dene, Bishop Auckland, County Durham DL14 0RH3
£115K12/201.65 mi6, Newark Avenue, Etherley Dene, Bishop Auckland, Durham DL14 0RH3
£160K03/231.65 mi15, Holywell Grove, Bishop Auckland, County Durham DL14 0SJ3
£135K06/211.65 mi1, Killhope Grove, Bishop Auckland, Durham DL14 0SG3
£235K12/221.66 mi3, Holywell Grove, Bishop Auckland, County Durham DL14 0SJ3
£135K06/211.68 mi53, Rochester Close, Etherley Dene, Bishop Auckland, County Durham DL14 0RJ3
£137.5K12/201.68 mi29, Rochester Close, Etherley Dene, Bishop Auckland, County Durham DL14 0RJ3
£138K11/201.7 mi95, Beckett Close, Etherley Dene, Bishop Auckland, County Durham DL14 0SX3
£82.5K09/211.71 mi17, Central Grange, St Helen Auckland, Bishop Auckland, Durham DL14 9AY3

Local Rents

52 rents from £350/mo to £1.2K/mo, average is £575/mo.

RentDateDistanceAddressBeds 
£55012/230.2 mi-3
£60008/240.26 mi-2
£69504/240.3 miSouth Road, High Etherley2
£59511/231.06 mi-2
£60002/251.17 mi-3
£87512/241.23 miValley View, Witton Park, Bishop Auckland4
£85003/251.42 mi-3
£65004/241.47 miNorthbridge Park, St Helen Auckland 3
£47503/241.54 miThe Nursery, West Auckland, Bishop Auckland, Co Durham., DL142
£1,20004/241.55 miStaindrop Road, West Auckland3
£69502/251.55 mi-3
£95003/251.58 mi-3
£57503/241.62 miRiver Walk, West Auckland3
£57504/241.62 miRiver Walk, West Auckland3
£90004/241.68 miBeckett Close, Bishop Auckland, DL143
£55012/241.72 mi-3
£55001/251.72 mi-3
£65004/241.74 miOakley Green, West Auckland, Bishop Auckland, County Durham, DL143
£57512/241.82 miCroxdale Grove, Bishop Auckland, DL14 0SB2
£72503/241.84 miWalton Crescent, St. Helen Auckland, Bishop Auckland, County Durham, DL143
£62503/251.9 mi-3
£62503/251.9 mi-3
£87504/241.9 miLaburnum Grove, St. Helen Auckland, Bishop Auckland, County Durham, DL143
£52504/241.94 miMaude Terrace, St. Helen Auckland, Bishop Auckland, DL143
£55001/241.94 mi-2
£60012/231.95 mi-2
£52503/241.95 miMaud Terrace, Evenwood, Bishop Auckland, Durham, DL14 9RU2
£60004/241.95 miSwan Street, Evenwood,3
£55004/241.95 miOsborne Terrace, Evenwood, Bishop Auckland, County Durham, DL142
£57510/241.96 mi-2
£55011/231.97 mi-2
£35012/241.98 mi24 Waskerley GroveBishop AucklandCo Durham1
£69503/242.1 mi-2
£49502/242.18 mi-3
£45010/232.18 mi-2
£82512/242.19 mi-4
£82512/242.19 mi-4
£49512/242.2 miChapel Street, Evenwood, Bishop Auckland3
£57504/242.21 miTindale Crescent, St Helen Auckland, Bishop Auckland2
£55008/242.21 mi-2
£50002/242.21 mi-2
£55003/242.21 miHigh Grange, Crook2
£57504/242.25 miBoddy Street, Tindale Crescent, Bishop Auckland2
£55003/242.25 miWellgarth Evenwood Bishop Auckland, Bishop Auckland3
£1,10012/242.25 mi-5
£47502/252.3 mi-2
£50002/242.3 mi-3
£50002/242.3 mi-3
£60004/242.3 mi-3
£45012/242.3 miCambridge Court, Tindale Crescent, Bishop Auckland, DL14 9SR2
£59504/242.3 miDere Avenue, Bishop Auckland 2
£75004/242.3 miThe Towers - Witton le Wear3

Local Area Statistics

Population in DL14

37,237

Population in Bishop Auckland

51,200

Town centre distance

2.35 miles away

Nearest school

0.20 miles away

Nearest train station

2.72 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+7%

Sales demand

Seller's market

Capital growth (5yrs)

-4%

Property History

Price changed to £150,000

December 4, 2024

Price changed to £160,000

September 25, 2024

Listed for £145,000

January 27, 2023

Floor Plans

Description

  • THE PERFECT COTTAGE IN THE COUNTRYSIDE +
  • NO ONWARD CHAIN +
  • IMMEDIATE VACANT POSSESSION +
  • AMPLE OFF-ROAD PARKING +
  • A DREAM PROJECT +
  • MANY ORIGINAL FEATURES +
  • BEAUTIFUL COTTAGE GARDEN +

The Property
Wow! Are you looking for your dream cottage in the countryside? Well, this is it! Offered with no onward chain and immediate vacant possession. This deceptively spacious 3 bedroom stone built period property was originally part of a farmhouse that was built in the early 1800s. It was converted into three spacious cottages around 1910, still boasts many original features and is absolutely bursting with character. It is in need of modernisation, but this blank canvas would make a perfect countryside retreat, in this sleepy picturesque village. The roof was completely renewed in 2021 and a new Baxi combi boiler installed in 2022.

Situated in the village of High Etherley, surrounded by rolling countryside, whilst also being close to local amenities and just 3.5 miles from the market town of Bishop Auckland, with a great range of schools, shopping and recreational facilities.

This property benefits from having retained many of it's original features throughout and the internal layout briefly comprises of, central hallway, original staircase, a very well proportioned lounge with feature fireplace, a separate dining room which rivals the lounge with its space and character, and a kitchen with utility/storage room, and downstairs WC. To the first floor there are three bedrooms, two being spacious doubles and a family bathroom.

Externally to the front of the property there is a stone wall enclosed cottage garden - which is mature and well stocked. To the rear of the property there is an enclosed yard with access to the storage room and leading to ample off-road parking available to residents.

In our opinion this unique property requires an internal viewing to appreciate the accommodation available.

Please note: part of the title is a flying freehold.

Disclaimer for virtual viewings

Some or all information pertaining to this property may have been provided solely by the vendor, and although we always make every effort to verify the information provided to us, we strongly advise you to make further enquiries before continuing. If you book a viewing or make an offer on a property that has had its valuation conducted virtually, you are doing so under the knowledge that this information may have been provided solely by the vendor, and that we may not have been able to access the premises to confirm the information or test any equipment. We therefore strongly advise you to make further enquiries before completing your purchase of the property to ensure you are happy with all the information provided.

Agent Details

Purplebricks, covering Darlington

020 3889 9075

Next Steps?

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