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3 Bed Terraced House, Potential PLO/LOA, Bishop Auckland, DL14 8TJ, £55,000





ValuationUndervalued
Sold Prices | £31.5K - £275K |
Sold Prices/m² | £389/m² - £3.6K/m² |
| |
Square Metres | 80.38 m² |
Price/m² | £684/m² |
Value Estimate | £66,550£66,550 |
BMV | 21% |
Cashflows
Cash In | |
Purchase Finance | MortgageMortgage |
Deposit (25%) | £13,750£13,750 |
Stamp Duty & Legal Fees | £2,850£2,850 |
Total Cash In | £16,600£16,600 |
| |
Cash Out | |
Rent Range | £425 - £995£425 - £995 |
Rent Estimate | £350 |
Running Costs/mo | £262£262 |
Cashflow/mo | £88£88 |
Cashflow/yr | £1,058£1,058 |
ROI | 6%6% |
Gross Yield | 8%8% |
Local Sold Prices
49 sold prices from £31.5K to £275K, average is £87.5K. £389/m² to £3.6K/m², average is £895/m².
Price | Date | Distance | Address | Price/m² | m² | Beds | Type | |
£31.5K | 02/21 | 0.24 mi | 16, Heslop Street, Close House, Bishop Auckland, County Durham DL14 8RU | £389 | 81 | 3 | Terraced House | |
£88K | 03/23 | 0.29 mi | 5, Close House, Bishop Auckland, County Durham DL14 8RR | - | - | 3 | Detached House | |
£87K | 06/21 | 0.55 mi | 44, Rosemount Road, Bishop Auckland, Durham DL14 6SY | £777 | 112 | 3 | Terraced House | |
£140K | 03/21 | 0.62 mi | 37, Highland Gardens, Shildon, Durham DL4 1ET | £1,228 | 114 | 3 | Detached House | |
£220K | 05/21 | 0.66 mi | 2, Fulton Court, Shildon, County Durham DL4 1LN | £2,056 | 107 | 3 | Detached House | |
£275K | 06/23 | 0.67 mi | 6, Dean Close, Shildon, County Durham DL4 1QP | - | - | 3 | Detached House | |
£86.5K | 12/22 | 0.67 mi | 7, Elm Road, Shildon, County Durham DL4 1BH | £919 | 94 | 3 | Terraced House | |
£104K | 12/20 | 0.67 mi | 11, Stephenson Court, Shildon, County Durham DL4 1LB | £1,387 | 75 | 3 | Semi-Detached House | |
£75K | 04/21 | 0.68 mi | 14, Elm Road, Shildon, County Durham DL4 1BH | - | - | 3 | Terraced House | |
£45K | 12/20 | 0.68 mi | 67, William Street, Auckland Park, Bishop Auckland, Durham DL14 8RJ | £536 | 84 | 3 | Terraced House | |
£55.3K | 09/21 | 0.71 mi | 20, Elm Drive, Shildon, County Durham DL4 1BN | - | - | 3 | Terraced House | |
£260K | 11/20 | 0.72 mi | 31, Association Street, Shildon, County Durham DL4 1EF | £1,677 | 155 | 3 | Detached House | |
£112K | 06/21 | 0.73 mi | 11, Thornhill Close, Shildon, Durham DL4 1FL | - | - | 3 | Semi-Detached House | |
£150K | 05/21 | 0.74 mi | 25, Kirkham Way, Auckland Park, Bishop Auckland, Durham DL14 8SQ | £1,974 | 76 | 3 | Detached House | |
£117K | 01/23 | 0.74 mi | 31, Dean Street, Shildon, County Durham DL4 1HA | - | - | 3 | Semi-Detached House | |
£156K | 08/22 | 0.74 mi | 118, Auckland Terrace, Shildon, County Durham DL4 1AZ | £1,139 | 137 | 3 | Semi-Detached House | |
£45K | 03/21 | 0.75 mi | 26, Alexandra Street, Shildon, Durham DL4 2EY | £549 | 82 | 3 | Terraced House | |
£50K | 02/21 | 0.75 mi | 32, Alexandra Street, Shildon, Durham DL4 2EY | £746 | 67 | 3 | Terraced House | |
£55K | 02/21 | 0.78 mi | 5, Wesley Crescent, Shildon, County Durham DL4 1NQ | - | - | 3 | Terraced House | |
£64K | 02/23 | 0.79 mi | 7, Primitive Street, Shildon, County Durham DL4 1EQ | £865 | 74 | 3 | Terraced House | |
£98K | 10/21 | 0.8 mi | 21, Raby Gardens, Shildon, Durham DL4 1NF | £892 | 110 | 3 | Terraced House | |
£87.5K | 10/21 | 0.8 mi | 20, Raby Gardens, Shildon, County Durham DL4 1NF | £818 | 107 | 3 | Terraced House | |
£84K | 03/21 | 0.81 mi | 13, Douglas Crescent, Auckland Park, Bishop Auckland, County Durham DL14 8RG | £712 | 118 | 3 | Terraced House | |
£165K | 04/23 | 0.81 mi | 21, Westcott Drive, Auckland Park, Bishop Auckland, County Durham DL14 8SG | - | - | 3 | Terraced House | |
£70K | 10/22 | 0.82 mi | 11, Orchard Way, Shildon, County Durham DL4 2EW | - | - | 3 | Semi-Detached House | |
£42.5K | 05/23 | 0.82 mi | 12, Hillbeck Street, Bishop Auckland, County Durham DL14 6SF | £590 | 72 | 3 | Terraced House | |
£85K | 10/21 | 0.82 mi | 6, Orchard Way, Shildon, County Durham DL4 2EW | £988 | 86 | 3 | Semi-Detached House | |
£84.5K | 03/23 | 0.82 mi | 9, Wesley Crescent, Shildon, County Durham DL4 1NQ | £960 | 88 | 3 | Terraced House | |
£173K | 04/23 | 0.83 mi | 5, Talbot Court, Auckland Park, Bishop Auckland, County Durham DL14 8YP | £1,730 | 100 | 3 | Detached House | |
£68K | 02/21 | 0.84 mi | 32, Garbutt Street, Shildon, Durham DL4 1AR | £636 | 107 | 3 | Terraced House | |
£80K | 01/23 | 0.87 mi | 40, Main Street, Shildon, County Durham DL4 1AH | £622 | 129 | 3 | Terraced House | |
£225K | 04/21 | 0.9 mi | 10, Church Drive, Bishop Auckland, Durham DL14 6SE | - | - | 3 | Detached House | |
£192.5K | 11/20 | 0.9 mi | 77a, St Andrews Road, Bishop Auckland, County Durham DL14 6RY | £1,469 | 131 | 3 | Detached House | |
£226K | 01/23 | 0.9 mi | 85, St Andrews Road, Bishop Auckland, County Durham DL14 6RY | - | - | 3 | Detached House | |
£90K | 11/21 | 0.9 mi | 3, Harker Street, Shildon, County Durham DL4 1AD | £756 | 119 | 3 | Terraced House | |
£76K | 06/23 | 0.91 mi | 2, Princes Street, Shildon, County Durham DL4 1AX | £1,041 | 73 | 3 | Terraced House | |
£80K | 02/23 | 0.93 mi | 32, West Road, Shildon, County Durham DL4 1JX | £899 | 89 | 3 | Semi-Detached House | |
£147.5K | 04/23 | 0.94 mi | 29, Van Mildert Close, Bishop Auckland, County Durham DL14 7GF | £1,590 | 93 | 3 | Detached House | |
£62K | 06/23 | 0.96 mi | 18, Holly Hill, Shildon, County Durham DL4 2DA | £738 | 84 | 3 | Semi-Detached House | |
£62K | 06/23 | 0.96 mi | 15, Holly Hill, Shildon, County Durham DL4 2DA | £626 | 99 | 3 | Semi-Detached House | |
£117K | 09/22 | 0.96 mi | 9, Clarendon Court, Shildon, County Durham DL4 1RB | £1,444 | 81 | 3 | Semi-Detached House | |
£90K | 10/22 | 0.98 mi | 46, Jubilee Road, Shildon, County Durham DL4 2EG | £1,082 | 83 | 3 | Semi-Detached House | |
£47K | 01/21 | 0.99 mi | 51, Coronation Avenue, Shildon, County Durham DL4 2AA | £570 | 82 | 3 | Semi-Detached House | |
£100.5K | 08/21 | 0.99 mi | 12, Vaughan Street, Shildon, County Durham DL4 1LD | - | - | 3 | Terraced House | |
£63K | 01/21 | 0.99 mi | 7, Vaughan Street, Shildon, County Durham DL4 1LD | £636 | 99 | 3 | Terraced House | |
£73K | 06/21 | 0.99 mi | 34, Freville Street, Shildon, Durham DL4 1JT | - | - | 3 | Semi-Detached House | |
£136.5K | 12/21 | 0.99 mi | 30, St Catherines Way, Bishop Auckland, County Durham DL14 6DE | £1,482 | 92 | 3 | Semi-Detached House | |
£128.9K | 05/21 | 0.99 mi | 44, St Catherines Way, Bishop Auckland, County Durham DL14 6DE | £3,646 | 35 | 3 | Semi-Detached House | |
£88.5K | 02/22 | 1 mi | 1, Granville Avenue, Shildon, Durham DL4 1JN | £859 | 103 | 3 | Detached House |
Local Rents
33 rents from £425/mo to £995/mo, average is £600/mo.
Rent | Date | Distance | Address | Beds | Type | |
£850 | 03/25 | 0.07 mi | - | 3 | Terraced House | |
£475 | 12/24 | 0.16 mi | Lime Terrace, Bishop Auckland, DL14 | 3 | Terraced House | |
£500 | 04/24 | 0.16 mi | Lime Terrace, Eldon Lane, Bishop Auckland, County Durham, DL14 | 3 | Terraced House | |
£500 | 01/24 | 0.18 mi | - | 3 | Terraced House | |
£525 | 04/24 | 0.22 mi | Heslop Street, Close House, Bishop Auckland, County Durham, DL14 | 3 | Terraced House | |
£495 | 08/23 | 0.24 mi | - | 3 | Terraced House | |
£450 | 04/24 | 0.26 mi | Stanley Street, Close House, Bishop Auckland, DL14 | 3 | Terraced House | |
£575 | 12/24 | 0.32 mi | David Terrace Coronation, Bishop Auckland | 3 | Terraced House | |
£500 | 05/24 | 0.73 mi | - | 3 | Terraced House | |
£895 | 04/24 | 0.73 mi | Marsh Way, Bishops Auckland, D14 | 3 | House | |
£895 | 04/24 | 0.73 mi | Marsh Way, Bishops Auckland, D14 | 3 | House | |
£860 | 04/24 | 0.73 mi | Marsh Way, Bishops Auckland, D14 | 3 | House | |
£475 | 12/23 | 0.74 mi | - | 3 | Terraced House | |
£860 | 04/24 | 0.75 mi | Fordham Court, Bishops Auckland, D14 | 3 | Flat | |
£875 | 03/24 | 0.75 mi | Fordham Court, Bishops Auckland, D14 | 3 | Flat | |
£910 | 04/24 | 0.75 mi | Fordham Court, Bishops Auckland, D14 | 3 | House | |
£725 | 04/25 | 0.75 mi | - | 3 | Terraced House | |
£550 | 03/24 | 0.76 mi | Albert Street, Shildon, County Durham, DL4 | 3 | Terraced House | |
£425 | 05/24 | 0.77 mi | Albion Avenue, Shildon, Bishop Auckland, DL4 | 3 | Terraced House | |
£450 | 04/24 | 0.77 mi | Albert Street/Shildon/DL4 | 3 | House | |
£525 | 11/23 | 0.84 mi | - | 3 | Terraced House | |
£675 | 04/24 | 0.92 mi | Bradford Drive, Bishop Auckland | 3 | Semi-Detached House | |
£525 | 03/24 | 0.95 mi | Henry Street, Shildon, County Durham, DL4 | 3 | Terraced House | |
£600 | 01/25 | 0.99 mi | - | 3 | Semi-Detached House | |
£600 | 02/25 | 0.99 mi | - | 3 | Semi-Detached House | |
£600 | 03/25 | 0.99 mi | - | 3 | Semi-Detached House | |
£475 | 11/23 | 1 mi | - | 3 | Terraced House | |
£475 | 01/24 | 1 mi | - | 3 | Terraced House | |
£650 | 05/24 | 1.03 mi | - | 3 | Terraced House | |
£650 | 03/25 | 1.04 mi | - | 3 | Semi-Detached House | |
£600 | 04/25 | 1.08 mi | - | 3 | Terraced House | |
£800 | 04/24 | 1.16 mi | Hillside Road, Coundon, Bishop Auckland, DL14 | 3 | Semi-Detached House | |
£995 | 04/24 | 1.17 mi | Hutchinson Close, Coundon, Bishop Auckland | 3 | Detached House |
Local Area Statistics
Population in DL14 | 37,23737,237 |
Population in Bishop Auckland | 51,20051,200 |
Town centre distance | 1.54 miles away1.54 miles away |
Nearest school | 0.30 miles away0.30 miles away |
Nearest train station | 1.32 miles away1.32 miles away |
| |
Rental demand | Landlord's marketLandlord's market |
Rental growth (12m) | +7%+7% |
Sales demand | Seller's marketSeller's market |
Capital growth (5yrs) | -4%-4% |
Property History
Listed for £55,000
July 23, 2024
Sold for £104,000
2008
Description
- Excellent Investment Opportunity +
- Three Bedroom Terraced Home +
- POTENTIAL TO INCREASE RENT TO £475 - POTENTIAL 10% GROSS YEILD +
- SOLD WITH SITTING TENANT - CASHFLOW FROM DAY ONE! +
- £350 PCM Rental Income - 7% Gross Yield +
- Lettings/Management Services Available +
Attention investors and savvy buyers looking for a knockout deal! Feast your eyes on this gem - a three-bedroom mid-terraced house that’s not just your ordinary home, but a golden investment opportunity waiting to be snapped up!
Let’s cut to the chase - this property comes with a big cherry on top - a sitting tenant! That’s right folks, cashflow from day one, no need to stress about finding a renter. With £350 per month in rental income, you're looking at a juicy 7% gross yield. But wait, it gets even better - there’s potential to crank up the rent to £475, giving you a potential 10% gross yield! Cha-ching!
This three-bedroom terraced beauty has all the right ingredients for a smart investment move. With a solid base of rental income and the potential for even more, you’re looking at a solid addition to your portfolio or a perfect starter investment for those dipping their toes into the property game.
And don’t worry about the hassles of managing the property - lettings and management services are available to make your life easier. Sit back, relax, and watch the pounds roll in while someone else takes care of the day-to-day.
Location? Check. Investment potential? Check. Easy peasy rental income? Check. This property ticks all the boxes for those looking to make their money work harder for them. So, whether you're a seasoned property investor looking to expand your empire or a first-timer wanting to dip a toe in the landlord waters, this house screams opportunity!
Just imagine the satisfaction of knowing you have a property that practically pays for itself. So, what are you waiting for? With a sitting tenant in place, a healthy rental income, and services available to make your life easier, this property won’t hang around for long.
Don’t let this opportunity pass you by. Snatch up this investment dream and watch your bank account thank you later. Call now to arrange a viewing and secure your future cashflow from day one!
EPC Rating: D
Ground Floor -
Hallway - Entrance hallway, Upvc Door, carpet flooring, access to stairs.
Lounge - 3.74m x 3.61m (12'3" x 11'10") - Upvc window to front, carpet flooring, radiator.
Kitchen - 4.19m x 4.61m (13'8" x 15'1") - Large Kitchen/Diner, Upvc window to rear, vinyl flooring, fitted wall and base units, sink/drainer, under stairs storage cupboard.
Rear Lobby -
First Floor -
Bathroom/Wc - 2.20m x 1.95m (7'2" x 6'4") - Window to side, bath with shower over, basin, WC, vinyl flooring, radiator.
Bedroom One - 3.74m x 3.59m (12'3" x 11'9") - Window to front, carpet, radiator.
Bedroom Two - 3.22m x 2.85m (10'6" x 9'4") - Window to rear, carpet, radiator.
Bedroom Three - 4.19m x 1.67m (13'8" x 5'5") - Window to rear, carpet, radiator.