2 Bed Terraced House, Potential PLO/LOA, Bishop Auckland, DL14 6HH, £40,000

6 Oaklea Terrace, Bishop Auckland, County Durham, DL14 6HH - 3 views - 7 months ago

Sold STC
Auction
Negative Equity
ROI: 14%
91 m²
+4 photos

ValuationUndervalued

Sold Prices£34K - £190K
Sold Prices/m²£468/m² - £2.6K/m²

 

 

Square Metres

90.60 m²
Price/m²£442/m²

Value Estimate

£54,900
BMV22%

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 - £650

Rent Estimate

£400

Running Costs/mo

£225

Cashflow/mo

£175

Cashflow/yr

£2,100

ROI

17%

Gross Yield

12%

Local Sold Prices

50 sold prices from £34K to £190K, average is £72.8K. £468/m² to £2.6K/m², average is £863/m².

PriceDateDistanceAddressBeds 
£75K11/210 mi12, Oaklea Terrace, Bishop Auckland, Durham DL14 6HH2
£69.5K04/210 mi9, Oaklea Terrace, Bishop Auckland, Durham DL14 6HH2
£74K09/210 mi3, Oaklea Terrace, Bishop Auckland, Durham DL14 6HH2
£80.8K05/230 mi9, Oaklea Terrace, Bishop Auckland, County Durham DL14 6HH2
£35K07/210.06 mi5, James Street, Bishop Auckland, Durham DL14 6HL2
£145K04/210.13 mi3, Westlea Avenue, Bishop Auckland, County Durham DL14 6HE2
£55.3K04/210.16 mi1, Oak Terrace, Bishop Auckland, County Durham DL14 6ES2
£55.3K04/210.16 mi1, Oak Terrace, Bishop Auckland, County Durham DL14 6ES2
£55.3K04/210.16 mi1, Oak Terrace, Bishop Auckland, County Durham DL14 6ES2
£63K01/210.16 mi60, Seymour Street, Bishop Auckland, Durham DL14 6JD2
£72.5K06/230.17 mi7, Leopold Place, Bishop Auckland, County Durham DL14 6EJ2
£60K01/210.17 mi13, Leopold Place, Bishop Auckland, County Durham DL14 6EJ2
£72K02/230.19 mi6, Sun Street, Bishop Auckland, County Durham DL14 6DP2
£63K06/210.19 mi9, Chatsworth Avenue, Bishop Auckland, County Durham DL14 6AX2
£49K01/210.22 mi27, Beaumont Street, Bishop Auckland, Durham DL14 6BJ2
£38K08/210.22 mi18, Sun Street, Bishop Auckland, County Durham DL14 6DP2
£45K06/230.24 mi2, Dixon Street, Bishop Auckland, County Durham DL14 6DW2
£34K11/200.24 miPierremont, Blackett Street, Bishop Auckland, Durham DL14 7TD2
£63.5K12/200.27 mi33, Frances Terrace, Bishop Auckland, County Durham DL14 6BW2
£164K12/200.27 mi38, Walmer Avenue, Bishop Auckland, Durham DL14 6NW2
£90K04/230.28 mi16, Helena Terrace, Bishop Auckland, County Durham DL14 6BP2
£75K08/210.31 mi4, Bedford Place, Bishop Auckland, County Durham DL14 6TQ2
£75K08/210.31 mi4, Bedford Place, Bishop Auckland, County Durham DL14 6TQ2
£74K02/230.31 mi8, Bedford Place, Bishop Auckland, County Durham DL14 6TQ2
£74K03/210.31 mi9, Bedford Place, Bishop Auckland, County Durham DL14 6TQ2
£120K05/210.35 mi26, Wesley Grove, Bishop Auckland, County Durham DL14 7TG2
£123K05/210.35 mi25, Wesley Grove, Bishop Auckland, Durham DL14 7TG2
£61K12/200.4 mi10, Hutchinson Street, Bishop Auckland, Durham DL14 7DD2
£85K03/230.41 mi8, South Church Road, Bishop Auckland, County Durham DL14 7JY2
£90K03/230.42 mi38, St Andrews Road, Bishop Auckland, County Durham DL14 6RY2
£70K06/210.42 mi3, Suffolk Place, Bishop Auckland, County Durham DL14 6UT2
£69K08/210.43 mi25, Queens Road, Bishop Auckland, County Durham DL14 7LX2
£155K03/210.43 mi5, Dudley Grove, Bishop Auckland, Durham DL14 6NB2
£180K02/230.43 mi70, St Andrews Road, Bishop Auckland, County Durham DL14 6RY2
£73K06/210.45 mi5, Oxford Terrace, Bishop Auckland, County Durham DL14 7DA2
£175K11/220.46 mi92, Escomb Road, Bishop Auckland, County Durham DL14 6TZ2
£112K02/210.47 mi57, Etherley Lane, Bishop Auckland, County Durham DL14 7QZ2
£59.5K03/210.47 mi1, Bishop Street, Bishop Auckland, Durham DL14 7DF2
£57.5K05/210.47 mi33, Hampshire Place, Bishop Auckland, County Durham DL14 6UX2
£83.5K07/210.48 mi7, Irvin Avenue, Bishop Auckland, County Durham DL14 6QG2
£100K10/210.5 mi3a, Hardisty Crescent, Bishop Auckland, Durham DL14 6PG2
£48K02/210.5 mi6, Hillbeck Street, Bishop Auckland, County Durham DL14 6SF2
£50K12/200.51 mi33, Durham Street, Bishop Auckland, County Durham DL14 7BN2
£98K03/210.55 mi54, Murphy Crescent, Bishop Auckland, County Durham DL14 6QH2
£190K03/210.56 mi8, Pollards Drive, Bishop Auckland, County Durham DL14 6UE2
£70K07/230.58 mi73, Surtees Street, Bishop Auckland, County Durham DL14 7DJ2
£36K12/200.58 mi22, Gibbon Street, Bishop Auckland, County Durham DL14 7DL2
£68K12/200.58 mi43, Waldron Street, Bishop Auckland, County Durham DL14 7DS2
£177K04/210.65 mi19, Westcott Drive, Auckland Park, Bishop Auckland, County Durham DL14 8SG2
£90K01/210.67 mi57, Shawbrow View, Bishop Auckland, County Durham DL14 6XH2

Local Rents

35 rents from £375/mo to £650/mo, average is £525/mo.

RentDateDistanceAddressBeds 
£47303/250.03 mi-2
£60004/250.07 mi-2
£52510/230.1 mi-2
£50012/240.14 miArran Court, Bishop Auckland2
£60003/240.15 miHigh Melbourne Street, Bishop Auckland2
£57504/240.17 miKensington Heights, Bishop Auckland, Bishop Auckland, DL14 2
£48004/250.18 mi-2
£49510/230.22 mi-2
£54510/240.22 mi-2
£57503/250.24 mi-2
£45004/240.25 miBlackett Street, Bishop Auckland, Bishop Auckland, DL14 2
£55001/240.27 mi-2
£57504/240.27 miHelena Terrace, Bishop Auckland, County Durham, DL142
£57504/240.28 miHelena Terrace, Bishop Auckland, County Durham2
£55004/240.32 miAintree Drive, Bishop Auckland2
£52503/240.32 miAintree Drive, Bishop Auckland2
£52504/240.32 miAintree Drive, Bishop Auckland2
£65003/250.35 mi-2
£57512/240.37 mi-2
£59810/240.43 mi-2
£42504/240.44 miOxford Street, Bishop Auckland, DL142
£57504/240.48 miNelson Street, Bishop Auckland, DL142
£52504/240.48 miGrey Street, Bishop Auckland2
£55004/240.48 miNelson Street, Bishop Auckland, DL142
£48004/240.49 miNelson Street, Bishop Auckland2
£45012/230.5 mi-2
£37504/240.5 miHillbeck Street, Bishop Auckland , DL14 6SF2
£47512/240.51 miHillbeck Street, County Durham, DL142
£58003/240.51 miDurham Street, Bishop Auckland2
£42510/230.53 mi-2
£55004/240.56 miStranton Street, Bishop Auckland2
£49503/240.6 miGibbon Street, Bishop Auckland, County Durham, DL142
£49510/240.61 mi-2
£52503/250.62 mi-2
£65004/240.62 miGreat Gates, Bishop Auckland2

Local Area Statistics

Population in DL14

37,237

Population in Bishop Auckland

51,200

Town centre distance

0.61 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 £40,000

December 5, 2024

Listed for £45,000

-11%

September 3, 2024

Sold for £50,000

2016

Description

  • IDEAL FOR INVESTMENT +
  • BEING SOLD VIA AUCTION +
  • TENANT IN SITU +
  • RESERVATION FEE APPLIES +
  • POPULAR STREET +
  • EPX RATING - D +

*EXCELLENT INVESTMENT OPPORTUNITY BEING SOLD WITH A TENANT IN SITU* *PROPERTY TO BE SOLD VIA AUCTION* *TENANT PAYING £500pcm* *RESERVATION FEE APPLIES** Situated in the heart of Bishop Auckland, this two-bedroom mid-terrace property is being sold via auction and comes with a tenant in situ, making it an ideal investment opportunity. With its central location, the property offers easy access to local amenities, ensuring its ongoing appeal to renters. The convenience of an existing tenancy eliminates the need for immediate tenant sourcing, allowing for a seamless transition for investors looking to add a ready-made income-generating asset to their portfolio. This property represents a hassle-free investment in a sought-after area with strong rental demand along with a floorplan that briefly comprises Entrance into Reception Hall, good size Lounge, separate Dining Room and well fitted Kitchen whilst to the first floor there are 2 generous Bedrooms plus well appointed Bathroom. Externally to the rear there is a wall enclosed yard. Viewing advised.

Agent Details

Dowen, Bishop Auckland

01388 311692

Next Steps?

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