2 Bed Terraced House, Potential PLO/LOA, Bishop Auckland, DL14 7DB, £70,000

13 May Street, Bishop Auckland, Durham, DL14 7DB - 12 views - 2 years ago

Negative Equity
ROI: 5%
84 m²
+8 photos

ValuationUndervalued

Sold Prices£34K - £190K
Sold Prices/m²£468/m² - £2.3K/m²

 

 

Square Metres

84 m²
Price/m²£833/m²

Value Estimate

£72,468

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£17,500

Stamp Duty & Legal Fees

£3,450

Total Cash In

£20,950

 

 

Cash Out

 

Rent Range

£425 - £650

Rent Estimate

£425

Running Costs/mo

£324

Cashflow/mo

£101

Cashflow/yr

£1,215

ROI

6%

Gross Yield

7%

Local Sold Prices

50 sold prices from £34K to £190K, average is £72.8K. £468/m² to £2.3K/m², average is £863/m².

PriceDateDistanceAddressBeds 
£59.5K03/210.03 mi1, Bishop Street, Bishop Auckland, Durham DL14 7DF2
£61K12/200.04 mi10, Hutchinson Street, Bishop Auckland, Durham DL14 7DD2
£73K06/210.05 mi5, Oxford Terrace, Bishop Auckland, County Durham DL14 7DA2
£50K12/200.07 mi33, Durham Street, Bishop Auckland, County Durham DL14 7BN2
£120K05/210.1 mi26, Wesley Grove, Bishop Auckland, County Durham DL14 7TG2
£123K05/210.1 mi25, Wesley Grove, Bishop Auckland, Durham DL14 7TG2
£70K07/230.13 mi73, Surtees Street, Bishop Auckland, County Durham DL14 7DJ2
£68K12/200.14 mi43, Waldron Street, Bishop Auckland, County Durham DL14 7DS2
£36K12/200.15 mi22, Gibbon Street, Bishop Auckland, County Durham DL14 7DL2
£34K11/200.23 miPierremont, Blackett Street, Bishop Auckland, Durham DL14 7TD2
£75K06/210.25 mi14, West Road, Bishop Auckland, County Durham DL14 7PP2
£112K02/210.25 mi57, Etherley Lane, Bishop Auckland, County Durham DL14 7QZ2
£85K03/230.28 mi8, South Church Road, Bishop Auckland, County Durham DL14 7JY2
£60K01/210.32 mi13, Leopold Place, Bishop Auckland, County Durham DL14 6EJ2
£72.5K06/230.33 mi7, Leopold Place, Bishop Auckland, County Durham DL14 6EJ2
£55.3K04/210.35 mi1, Oak Terrace, Bishop Auckland, County Durham DL14 6ES2
£55.3K04/210.35 mi1, Oak Terrace, Bishop Auckland, County Durham DL14 6ES2
£55.3K04/210.35 mi1, Oak Terrace, Bishop Auckland, County Durham DL14 6ES2
£60K06/230.36 mi37, Bridge Street, Bishop Auckland, County Durham DL14 7PY2
£69K08/210.36 mi25, Queens Road, Bishop Auckland, County Durham DL14 7LX2
£38K08/210.39 mi18, Sun Street, Bishop Auckland, County Durham DL14 6DP2
£72K02/230.41 mi6, Sun Street, Bishop Auckland, County Durham DL14 6DP2
£45K06/230.43 mi2, Dixon Street, Bishop Auckland, County Durham DL14 6DW2
£75K11/210.44 mi12, Oaklea Terrace, Bishop Auckland, Durham DL14 6HH2
£69.5K04/210.44 mi9, Oaklea Terrace, Bishop Auckland, Durham DL14 6HH2
£74K09/210.44 mi3, Oaklea Terrace, Bishop Auckland, Durham DL14 6HH2
£80.8K05/230.44 mi9, Oaklea Terrace, Bishop Auckland, County Durham DL14 6HH2
£175K11/220.47 mi92, Escomb Road, Bishop Auckland, County Durham DL14 6TZ2
£78.5K07/210.49 mi2, Wear Chare, Bishop Auckland, County Durham DL14 7QQ2
£145K04/210.5 mi3, Westlea Avenue, Bishop Auckland, County Durham DL14 6HE2
£35K07/210.5 mi5, James Street, Bishop Auckland, Durham DL14 6HL2
£190K03/210.5 mi8, Pollards Drive, Bishop Auckland, County Durham DL14 6UE2
£63K06/210.54 mi9, Chatsworth Avenue, Bishop Auckland, County Durham DL14 6AX2
£164K12/200.55 mi38, Walmer Avenue, Bishop Auckland, Durham DL14 6NW2
£155K03/210.58 mi5, Dudley Grove, Bishop Auckland, Durham DL14 6NB2
£63K01/210.6 mi60, Seymour Street, Bishop Auckland, Durham DL14 6JD2
£49K01/210.61 mi27, Beaumont Street, Bishop Auckland, Durham DL14 6BJ2
£90K04/230.63 mi16, Helena Terrace, Bishop Auckland, County Durham DL14 6BP2
£63.5K12/200.64 mi33, Frances Terrace, Bishop Auckland, County Durham DL14 6BW2
£75K08/210.75 mi4, Bedford Place, Bishop Auckland, County Durham DL14 6TQ2
£75K08/210.75 mi4, Bedford Place, Bishop Auckland, County Durham DL14 6TQ2
£74K02/230.75 mi8, Bedford Place, Bishop Auckland, County Durham DL14 6TQ2
£74K03/210.75 mi9, Bedford Place, Bishop Auckland, County Durham DL14 6TQ2
£83.5K07/210.78 mi7, Irvin Avenue, Bishop Auckland, County Durham DL14 6QG2
£69K08/210.79 mi21, Jubilee Street, Toronto, Bishop Auckland, Durham DL14 7RT2
£90K03/230.81 mi38, St Andrews Road, Bishop Auckland, County Durham DL14 6RY2
£180K02/230.82 mi70, St Andrews Road, Bishop Auckland, County Durham DL14 6RY2
£98K03/210.84 mi54, Murphy Crescent, Bishop Auckland, County Durham DL14 6QH2
£100K10/210.86 mi3a, Hardisty Crescent, Bishop Auckland, Durham DL14 6PG2
£70K06/210.86 mi3, Suffolk Place, Bishop Auckland, County Durham DL14 6UT2

Local Rents

37 rents from £425/mo to £650/mo, average is £550/mo.

RentDateDistanceAddressBeds 
£59810/240.01 mi-2
£55004/240.04 miNelson Street, Bishop Auckland, DL142
£48004/240.05 miNelson Street, Bishop Auckland2
£52504/240.05 miGrey Street, Bishop Auckland2
£57504/240.05 miNelson Street, Bishop Auckland, DL142
£42504/240.05 miOxford Street, Bishop Auckland, DL142
£45012/230.05 mi-2
£58003/240.08 miDurham Street, Bishop Auckland2
£42510/230.09 mi-2
£55004/240.13 miStranton Street, Bishop Auckland2
£49503/240.17 miGibbon Street, Bishop Auckland, County Durham, DL142
£49510/240.18 mi-2
£65004/240.22 miGreat Gates, Bishop Auckland2
£45004/240.23 miBlackett Street, Bishop Auckland, Bishop Auckland, DL14 2
£59512/240.35 mi-2
£59504/250.35 mi-2
£65003/250.36 mi-2
£57512/240.38 mi-2
£52510/230.39 mi-2
£60004/250.39 mi-2
£47303/250.42 mi-2
£52503/250.43 mi-2
£59512/240.5 miSilver Street, Bishop Auckland2
£55003/240.5 miSilver Street, Bishop Auckland2
£55004/240.5 miSilver Street, Bishop Auckland2
£59512/230.5 mi-2
£59512/230.5 mi-2
£55004/240.56 miAintree Drive, Bishop Auckland2
£52503/240.56 miAintree Drive, Bishop Auckland2
£52504/240.56 miAintree Drive, Bishop Auckland2
£57504/240.57 miKensington Heights, Bishop Auckland, Bishop Auckland, DL14 2
£57503/250.58 mi-2
£50012/240.58 miArran Court, Bishop Auckland2
£48004/250.58 mi-2
£60003/240.59 miHigh Melbourne Street, Bishop Auckland2
£49510/230.61 mi-2
£54510/240.61 mi-2

Local Area Statistics

Population in DL14

37,237

Population in Bishop Auckland

51,200

Town centre distance

0.96 miles away

Nearest school

0.10 miles away

Nearest train station

0.22 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 £70,000

December 4, 2024

Listed for £75,000

-7%

April 28, 2023

Sold for £80,000

2007

Description

  • SPACIOUS FLOORPLAN +
  • IDEAL FIRST TIME BUY +
  • EXCELLENT LOCAL AMENITIES +
  • HANDY LOFT ROOM +
  • END OF TERRACE +
  • EPC RATING - D +

*SPACIOUS END OF TERRACE PROPERTY WITH HANDY LOFT ROOM MAKING THIS AN IDEAL PURCHASE FOR ANY FIRST TIME BUYER OR YOUNG FAMILY LOOKING TO GET ONTO THE PROPERTY LADDER* *SITUATED IN THE HEART OF BISHOP AUCKLAND WITH ALL EXCELLENT LOCAL AMENITIES WITHIN WALKING DISTANCE* Welcome to the heart of Bishop Auckland, where this charming 2-bedroom end-of-terrace property awaits. Situated amidst excellent local amenities right on its doorstep, this home offers unparalleled convenience for modern living. Beyond its prime location, this property boasts the added bonus of a loft room, providing extra versatility for work or leisure. Step inside to discover a cozy interior with well-appointed living spaces, perfect for relaxation and entertaining alike. Whether it's enjoying the nearby shops, cafes, and restaurants or retreating to the comfort of home, this property promises a delightful blend of convenience and comfort in the heart of Bishop Auckland with a floorplan briefly comprising Entrance into Reception Hall, good size Lounge, separate Dining Room and well fitted Kitchen whilst to the first floor there are 2 Bedrooms plus modern Bathroom and additonal WC plus handy Loft Room. Externally there is a wall enclosed yard area.

Agent Details

Dowen, Bishop Auckland

01388 311692

Next Steps?

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