2 Bed Terraced House, Cash/Bridging Only, Bishop Auckland, DL14 8SJ, £39,999

13 David TerraceCoronationBishop AucklandCounty Durham, DL14 8SJ - 2 views - 10 months ago

Auction
Negative Equity
ROI: 10%
~68 m²
+4 photos

ValuationUndervalued

Sold Prices£27.5K - £230K
Sold Prices/m²£360/m² - £2.7K/m²

 

 

Square Metres

~68.11 m²
Price/m²£587/m²

Value Estimate

£52,530
BMV17%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£10,000

Stamp Duty & Legal Fees

£2,550

Total Cash In

£12,550

 

 

Cash Out

 

Rent Range

£375 - £1,350

Rent Estimate

£350

Running Costs/mo

£215

Cashflow/mo

£135

Cashflow/yr

£1,620

ROI

13%

Gross Yield

11%

Local Sold Prices

50 sold prices from £27.5K to £230K, average is £61.8K. £360/m² to £2.7K/m², average is £771/m².

PriceDateDistanceAddressBeds 
£63K04/210.02 mi12, David Terrace, Coronation, Bishop Auckland, Durham DL14 8SJ2
£62.5K06/230.02 mi4, James Terrace, Coronation, Bishop Auckland, County Durham DL14 8SH2
£27.5K04/210.18 mi15, Oxford Street, Eldon Lane, Bishop Auckland, County Durham DL14 8SY2
£50K05/230.22 mi3, Railway Houses, Eldon Lane, Bishop Auckland, County Durham DL14 8TB2
£230K02/210.22 mi11, Milford Meadow, South Church, Bishop Auckland, Durham DL14 6SJ2
£31K08/210.31 mi10, Edward Street, Eldon Lane, Bishop Auckland, Durham DL14 8TN2
£66K11/220.33 mi7, Rosemount Court, Bishop Auckland, County Durham DL14 6XN2
£85K03/210.41 mi14, Adelaide Terrace, Shildon, County Durham DL4 1BE2
£65K01/210.47 mi1, West View Terrace, Shildon, County Durham DL4 1BD2
£108K05/210.47 mi7, Brockwell Court, Coundon Grange, Bishop Auckland, County Durham DL14 8XH2
£108K05/210.47 mi7, Brockwell Court, Coundon Grange, Bishop Auckland, County Durham DL14 8XH2
£108K05/210.47 mi7, Brockwell Court, Coundon Grange, Bishop Auckland, County Durham DL14 8XH2
£30K02/230.57 mi19, South Row, Eldon, Bishop Auckland, County Durham DL14 8UT2
£48K02/210.57 mi6, Hillbeck Street, Bishop Auckland, County Durham DL14 6SF2
£180K02/230.63 mi70, St Andrews Road, Bishop Auckland, County Durham DL14 6RY2
£90K03/230.64 mi38, St Andrews Road, Bishop Auckland, County Durham DL14 6RY2
£177K04/210.66 mi19, Westcott Drive, Auckland Park, Bishop Auckland, County Durham DL14 8SG2
£104K12/220.67 mi12, Thornhill Gardens, Shildon, County Durham DL4 1ES2
£145K08/210.68 mi2, Dean Gardens, Shildon, County Durham DL4 1EX2
£126K12/220.71 mi4, Dean Gardens, Shildon, County Durham DL4 1EX2
£65K06/230.73 mi5, Office Row, Eldon, Bishop Auckland, County Durham DL14 8XA2
£80K11/210.75 mi24, Southland Gardens, Shildon, County Durham DL4 1EY2
£33.5K11/200.76 mi8, Albion Avenue, Shildon, Durham DL4 1ER2
£59K10/210.77 mi32, East View Terrace, Shildon, Durham DL4 1EP2
£50K02/230.77 mi8, Albion Avenue, Shildon, County Durham DL4 1ER2
£47K03/210.79 mi17, Waverley Terrace, Shildon, County Durham DL4 2HQ2
£59K02/230.79 mi3, Waverley Terrace, Shildon, County Durham DL4 2HQ2
£45K07/230.79 mi9, Pasture Row, Eldon, Bishop Auckland, County Durham DL14 8UZ2
£52K02/230.8 mi15, Pasture Row, Eldon, Bishop Auckland, County Durham DL14 8UZ2
£55K12/200.81 mi18, Foundry Street, Shildon, Durham DL4 2HE2
£36.3K11/200.81 mi43, Foundry Street, Shildon, Durham DL4 2HE2
£43K01/210.82 mi6, Queen Street, Shildon, County Durham DL4 2HD2
£45K06/210.82 mi17, Princes Street, Shildon, Durham DL4 1AX2
£57.5K05/210.83 mi33, Hampshire Place, Bishop Auckland, County Durham DL14 6UX2
£65K12/220.83 mi18, Queen Street, Shildon, County Durham DL4 2HD2
£46.4K04/230.83 mi9, Primitive Street, Shildon, County Durham DL4 1EQ2
£40K02/210.84 mi37, Brown Street, Shildon, Durham DL4 1EH2
£61K02/210.87 mi65, Main Street, Shildon, Durham DL4 1AN2
£63K04/230.88 mi23, Wesley Crescent, Shildon, County Durham DL4 1NQ2
£30K02/210.88 mi68, Main Street, Shildon, County Durham DL4 1AQ2
£58K10/210.88 mi68, Main Street, Shildon, County Durham DL4 1AQ2
£30K02/210.88 mi68, Main Street, Shildon, County Durham DL4 1AQ2
£60K12/220.89 mi16, Alexandra Street, Shildon, County Durham DL4 2EY2
£70K06/210.89 mi3, Suffolk Place, Bishop Auckland, County Durham DL14 6UT2
£105K12/220.9 mi11, Raby Gardens, Shildon, County Durham DL4 1NF2
£75K08/210.9 mi4, Bedford Place, Bishop Auckland, County Durham DL14 6TQ2
£75K08/210.9 mi4, Bedford Place, Bishop Auckland, County Durham DL14 6TQ2
£74K02/230.9 mi8, Bedford Place, Bishop Auckland, County Durham DL14 6TQ2
£74K03/210.9 mi9, Bedford Place, Bishop Auckland, County Durham DL14 6TQ2
£44K02/210.91 mi12, Alexandra Street, Shildon, Durham DL4 2EY2

Local Rents

16 rents from £375/mo to £1.4K/mo, average is £438/mo.

RentDateDistanceAddressBeds 
£45012/240.15 miElm Terrace, Eldon Lane, Bishop Auckland, DL142
£50005/240.19 mi-2
£47504/240.29 miHigh Street, Eldon Lane, Bishop Auckland, DL142
£39504/240.32 miEdward Street, Bishop Auckland, County Durham, DL142
£1,35003/250.32 mi-2
£40002/240.38 mi-2
£37503/240.38 miRandolph Street, Coundon Grange, Bishop Auckland, Durham2
£42509/240.52 mi-2
£52512/240.54 mi-2
£49903/250.54 mi-2
£42512/240.56 mi-2
£47512/240.56 miHillbeck Street, County Durham, DL142
£37504/240.57 miHillbeck Street, Bishop Auckland , DL14 6SF2
£47504/240.59 miSouth Row, Bishop Auckland, DL142
£42511/230.6 mi-2
£42511/240.6 mi-2

Local Area Statistics

Population in DL14

37,237

Population in Bishop Auckland

51,200

Town centre distance

1.24 miles away

Nearest school

0.40 miles away

Nearest train station

1.24 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 £39,999

December 28, 2024

Price changed to £42,500

December 4, 2024

Price changed to £45,000

September 26, 2024

Listed for £50,000

-8%

June 17, 2024

Sold for £54,000

2019

Sold for £68,000

2005

Sold for £37,750

2004

Sold for £13,000

2001

Floor Plans

Description

  • SOLD BY THE MODERN METHOD OF AUCTON +
  • RESERVATION FEES APPLY +
  • SOLD WITH A SITTING TENANT +
  • TWO BEDROOM MID TERRACED HOUSE +
  • TWO RECEPTION ROOMS +
  • ENERGY EFFICIENCY RATING D +
  • COUNCIL TAX BAND A +
  • TENURE FREEHOLD +

For Sale by the modern method of Auction. Starting Bids £45,000. Reservation Fees Apply

Sold with sitting tenant currently paying £350 P.C.M

Situated in the quiet hamlet of Coronation which is approximately 2 miles from Bishop Auckland town centre which has all the fantastic amenities and schools the town has to offer. This well presented two bedroom mid terrace property offers ample living space and benefits from gas central heating, fitted kitchen with integrated appliances, modern bathroom, two large double bedrooms and UPVC double glazing throughout. In brief the property comprises of entrance hall way, lounge, dining room, kitchen. To the first floor are two good sized bedrooms and the family bathroom. Externally there is an easy to maintain rear yard with useful brick stores.

Energy Efficiency Rating D | Council Tax Band A | Tenure Freehold

To arrange a viewing please call Robinsons on

Ground Floor -

Hallway -

Lounge - 3.71 x 3.48 (12'2" x 11'5") -

Dining Room - 4.09 x 3.51 (13'5" x 11'6") -

Kitchen - 3.28 x 1.88 (10'9" x 6'2") -

First Floor -

Landing -

Bedroom 1 - 4.62 x 3.66 (15'1" x 12'0") -

Bedroom 2 - 4.09 x 2.74 (13'5" x 8'11") -

Family Bathroom - 3.28 x 1.88 (10'9" x 6'2") -

Externally -

Agents Notes - Electricity Supply: Mains
Water Supply: Mains
Sewerage: Mains
Heating: Gas
Broadband: Basic 8Mbps, Superfast 80Mbps
Mobile Signal/Coverage: Average - Good
Tenure: Freehold
Council Tax: Durham County Council, Band A- Approx. £1621 (min)
Energy Rating: D

Disclaimer: The preceding details have been sourced from the seller and OnTheMarket.com. Verification and clarification of this information, along with any further details concerning Material Information parts A, B & C, should be sought from a legal representative or appropriate authorities. Robinsons cannot accept liability for any information provided.

Auctioneers Notes - This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold.
This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor. This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).
The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability.
Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded.
This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack.
The buyer will also make payment of £300.00 including VAT towards the preparation cost of the pack, where it has been provided by iamsold.
The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.
Referral Arrangements
The Partner Agent and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted.
Where services are accepted the Auctioneer or Partner Agent may receive payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you.

Agent Details

Robinsons, Bishop Auckland

01388 311499

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

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