2 Bed Terraced House, Single Let, Bishop Auckland, DL14 9QJ, £60,000

Evenwood, Bishop Auckland, DL14 9QJ - 7 views - 9 months ago

BTL
ROI: 8%
~68 m²
+5 photos

ValuationUndervalued

Sold Prices£39K - £230K
Sold Prices/m²£556/m² - £2.3K/m²

 

 

Square Metres

~68.11 m²
Price/m²£881/m²

Value Estimate

£63,493

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£15,000

Stamp Duty & Legal Fees

£3,300

Total Cash In

£18,300

 

 

Cash Out

 

Rent Range

£400 - £620

Rent Estimate

£480

Running Costs/mo

£304

Cashflow/mo

£177

Cashflow/yr

£2,118

ROI

12%

Gross Yield

10%

Local Sold Prices

33 sold prices from £39K to £230K, average is £82K. £556/m² to £2.3K/m², average is £932/m².

PriceDateDistanceAddressBeds 
£64K07/230.05 mi14, West View, Evenwood, Bishop Auckland, County Durham DL14 9QH2
£100K12/200.08 mi41, Fairfield, Evenwood, Bishop Auckland, County Durham DL14 9SE2
£51K12/210.09 mi6, Victoria Street, Evenwood, Bishop Auckland, County Durham DL14 9QQ2
£77.5K03/230.1 mi16, Raby Street, Evenwood, Bishop Auckland, County Durham DL14 9QG2
£47.5K01/210.16 mi36, The Centre, Evenwood, Bishop Auckland, Durham DL14 9QF2
£39K06/230.25 mi24, Alpine Terrace, Evenwood, Bishop Auckland, County Durham DL14 9QT2
£79K02/230.45 mi24, Newholme Crescent, Evenwood, Bishop Auckland, County Durham DL14 9RY2
£47K12/210.56 mi5, Maude Terrace, Evenwood, Bishop Auckland, County Durham DL14 9RU2
£67K02/230.59 mi28, Rochdale Street, Evenwood, Bishop Auckland, County Durham DL14 9RP2
£42K01/210.93 mi28, Gordon Lane, Ramshaw, Bishop Auckland, Durham DL14 0NL2
£90K06/230.93 mi19, Gordon Lane, Ramshaw, Bishop Auckland, County Durham DL14 0NL2
£95K12/201.01 mi3, Station Terrace, Ramshaw, Bishop Auckland, Durham DL14 0NH2
£107K03/231.01 mi1, Station Terrace, Ramshaw, Bishop Auckland, County Durham DL14 0NH2
£93K08/211.13 mi5, Ramshaw Row, Ramshaw, Bishop Auckland, Durham DL14 0NQ2
£60K04/211.41 mi10, George Street, West Auckland, Bishop Auckland, County Durham DL14 9JR2
£84K11/201.41 mi17, Thirlmere Grove, West Auckland, Bishop Auckland, County Durham DL14 9LW2
£90K07/231.47 mi16, Copeland Road, West Auckland, Bishop Auckland, County Durham DL14 9JJ2
£153K10/201.48 mi23, Ennerdale Grove, West Auckland, Bishop Auckland, County Durham DL14 9LN2
£89K02/231.57 mi33, Staindrop Road, West Auckland, Bishop Auckland, County Durham DL14 9JU2
£110K02/231.59 mi1, Raby Terrace, West Auckland, Bishop Auckland, County Durham DL14 9LA2
£64K11/201.62 mi11, Katrine Walk, West Auckland, Bishop Auckland, County Durham DL14 9UA2
£189K06/231.69 mi45, Front Street, West Auckland, Bishop Auckland, County Durham DL14 9HL2
£82K05/211.85 mi86, Front Street, Cockfield, Bishop Auckland, Durham DL13 5AA2
£48.5K04/231.86 mi11, Station Road, West Auckland, Bishop Auckland, County Durham DL14 9HF2
£230K03/211.86 mi59, Darlington Road, West Auckland, Bishop Auckland, County Durham DL14 9HT2
£105.1K04/211.9 mi29, High Lands, Cockfield, Bishop Auckland, Durham DL13 5AR2
£55K02/211.95 mi15, Victoria Terrace, Cockfield, Bishop Auckland, County Durham DL13 5DH2
£110K05/231.97 mi53, High Lands, Cockfield, Bishop Auckland, County Durham DL13 5AS2
£70K03/211.97 mi42, High Lands, Cockfield, Bishop Auckland, County Durham DL13 5AS2
£105K03/231.97 mi61, High Lands, Cockfield, Bishop Auckland, County Durham DL13 5AT2
£70K07/211.97 mi61, High Lands, Cockfield, Bishop Auckland, Durham DL13 5AT2
£105K06/231.97 mi62, High Lands, Cockfield, Bishop Auckland, County Durham DL13 5AT2
£59.5K07/231.99 mi14, Meadow View, West Auckland, Bishop Auckland, County Durham DL14 9HB2

Local Rents

11 rents from £400/mo to £620/mo, average is £550/mo.

RentDateDistanceAddressBeds 
£49502/240.05 mi-2
£49502/240.05 mi-2
£45010/230.26 mi-2
£40006/230.44 mi-2
£62010/230.44 mi-2
£59009/240.44 mi-2
£60012/230.54 mi-2
£55004/240.55 miOsborne Terrace, Evenwood, Bishop Auckland, County Durham, DL142
£52503/240.56 miMaud Terrace, Evenwood, Bishop Auckland, Durham, DL14 9RU2
£55001/240.58 mi-2
£55011/230.58 mi-2

Local Area Statistics

Population in DL14

37,237

Population in Bishop Auckland

51,200

Town centre distance

3.53 miles away

Nearest school

0.40 miles away

Nearest train station

4.23 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 £60,000

January 19, 2025

Price changed to £68,000

December 4, 2024

Listed for £70,000

July 3, 2024

Floor Plans

Description

  • TWO BEDROOMS +
  • MID TERRACE +
  • NO ONWARD CHAIN +
  • GAS CENTRAL HEATING +
  • UPVC DOUBLE GLAZING +
  • ON STREET PARKING +
  • REAR YARD +
  • EPC GRADE +

Two bedroomed mid terrace property offered for sale with no onward chain, located in the semi rural village of Evenwood. It allows for access to a range of local amenities such as shops, cafés, doctors surgery and primary schools. For commuters the A688 is nearby which leads to the A1(M) both North and South, whilst the neighbouring towns Bishop Auckland and Barnard Castle provide a further array of amenities which include supermarkets, restaurants, secondary schools, popular high street retail stores as well further healthcare services. There is an extensive public transport system in the area with frequent bus services through the village.

In brief the property comprises; an entrance hall leading through into the living room, dining room, kitchen and bathroom to the ground floor. The first floor contains two spacious double bedrooms. Externally the property has an enclosed yard to the rear with gated access into the back lane, whilst to the front on street parking is available.

Living Room - 3.8m x 3.7m (12'5" x 12'1") - Bright spacious living room located to the front of the property, with ample space for furniture and window to the front elevation.

Dining Room - 4.0m x 3.6m (13'1" x 11'9") - The second reception room is another good size with space for a dining table and chairs, further furniture and window to the rear elevation.

Kitchen - 3.64m x 2.1m (11'11" x 6'10") - The kitchen is fitted with a range of wall, base and drawer units, complementing work surfaces, tiled splash backs and sink/drainer unit. Benefiting from an integrated electric oven, hob and overhead extractor hood, along with space for further free standing appliances.

Bathroom - 2.1m x 1.62m (6'10" x 5'3" ) - The bathroom is fitted with a panelled bath with overhead shower, WC and wash hand basin.

Master Bedroom - 5.0m x 3.7m (16'4" x 12'1") - The master bedroom provides space for a king sized bed, further furniture and window to the front elevation.

Bedroom Two - 4.0m x 3.6m (13'1" x 11'9") - The second bedroom is another double bedroom with window to the rear elevation.

External - Externally the property has an enclosed yard to the rear with gated access into the back lane, whilst to the front on street parking is available.

Agent Details

Hunters, Bishop Auckland

01388 311339

Next Steps?

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