2 Bed Terraced House, Potential PLO/LOA, Bishop Auckland, DL14 6AY, £46,950

15, Rutland Avenue, Bishop Auckland, County Durham, DL14 6AY - 16 views - 7 months ago

Sold STC
Negative Equity
ROI: 18%
80 m²
+4 photos

ValuationUndervalued

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

 

 

Square Metres

80 m²
Price/m²£587/m²

Value Estimate

£57,279
BMV22%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£11,738

Stamp Duty & Legal Fees

£2,609

Total Cash In

£14,346

 

 

Cash Out

 

Rent Range

£425 - £650

Rent Estimate

£480

Running Costs/mo

£263

Cashflow/mo

£217

Cashflow/yr

£2,607

ROI

18%

Gross Yield

12%

Local Sold Prices

50 sold prices from £34K to £190K, average is £74K. £468/m² to £2.3K/m², average is £852/m².

PriceDateDistanceAddressBeds 
£63K06/210.05 mi9, Chatsworth Avenue, Bishop Auckland, County Durham DL14 6AX2
£90K04/230.05 mi16, Helena Terrace, Bishop Auckland, County Durham DL14 6BP2
£63.5K12/200.06 mi33, Frances Terrace, Bishop Auckland, County Durham DL14 6BW2
£164K12/200.08 mi38, Walmer Avenue, Bishop Auckland, Durham DL14 6NW2
£49K01/210.08 mi27, Beaumont Street, Bishop Auckland, Durham DL14 6BJ2
£63K01/210.17 mi60, Seymour Street, Bishop Auckland, Durham DL14 6JD2
£35K07/210.22 mi5, James Street, Bishop Auckland, Durham DL14 6HL2
£75K11/210.23 mi12, Oaklea Terrace, Bishop Auckland, Durham DL14 6HH2
£69.5K04/210.23 mi9, Oaklea Terrace, Bishop Auckland, Durham DL14 6HH2
£74K09/210.23 mi3, Oaklea Terrace, Bishop Auckland, Durham DL14 6HH2
£80.8K05/230.23 mi9, Oaklea Terrace, Bishop Auckland, County Durham DL14 6HH2
£83.5K07/210.25 mi7, Irvin Avenue, Bishop Auckland, County Durham DL14 6QG2
£155K03/210.26 mi5, Dudley Grove, Bishop Auckland, Durham DL14 6NB2
£75K08/210.27 mi4, Bedford Place, Bishop Auckland, County Durham DL14 6TQ2
£75K08/210.27 mi4, Bedford Place, Bishop Auckland, County Durham DL14 6TQ2
£74K02/230.27 mi8, Bedford Place, Bishop Auckland, County Durham DL14 6TQ2
£74K03/210.27 mi9, Bedford Place, Bishop Auckland, County Durham DL14 6TQ2
£100K10/210.28 mi3a, Hardisty Crescent, Bishop Auckland, Durham DL14 6PG2
£98K03/210.32 mi54, Murphy Crescent, Bishop Auckland, County Durham DL14 6QH2
£70K06/210.34 mi3, Suffolk Place, Bishop Auckland, County Durham DL14 6UT2
£145K04/210.34 mi3, Westlea Avenue, Bishop Auckland, County Durham DL14 6HE2
£175K11/220.36 mi92, Escomb Road, Bishop Auckland, County Durham DL14 6TZ2
£55.3K04/210.39 mi1, Oak Terrace, Bishop Auckland, County Durham DL14 6ES2
£55.3K04/210.39 mi1, Oak Terrace, Bishop Auckland, County Durham DL14 6ES2
£55.3K04/210.39 mi1, Oak Terrace, Bishop Auckland, County Durham DL14 6ES2
£72.5K06/230.39 mi7, Leopold Place, Bishop Auckland, County Durham DL14 6EJ2
£60K01/210.39 mi13, Leopold Place, Bishop Auckland, County Durham DL14 6EJ2
£57.5K05/210.41 mi33, Hampshire Place, Bishop Auckland, County Durham DL14 6UX2
£72K02/230.42 mi6, Sun Street, Bishop Auckland, County Durham DL14 6DP2
£34K11/200.44 miPierremont, Blackett Street, Bishop Auckland, Durham DL14 7TD2
£44K10/210.45 mi12, Douthwaite Road, Bishop Auckland, Durham DL14 6QP2
£38K08/210.46 mi18, Sun Street, Bishop Auckland, County Durham DL14 6DP2
£190K03/210.46 mi8, Pollards Drive, Bishop Auckland, County Durham DL14 6UE2
£45K06/230.48 mi2, Dixon Street, Bishop Auckland, County Durham DL14 6DW2
£120K05/210.48 mi26, Wesley Grove, Bishop Auckland, County Durham DL14 7TG2
£123K05/210.48 mi25, Wesley Grove, Bishop Auckland, Durham DL14 7TG2
£112K02/210.49 mi57, Etherley Lane, Bishop Auckland, County Durham DL14 7QZ2
£61K12/200.54 mi10, Hutchinson Street, Bishop Auckland, Durham DL14 7DD2
£180K02/230.54 mi70, St Andrews Road, Bishop Auckland, County Durham DL14 6RY2
£90K03/230.54 mi38, St Andrews Road, Bishop Auckland, County Durham DL14 6RY2
£147K05/230.55 mi24, Shawbrow View, Bishop Auckland, County Durham DL14 6XH2
£90K01/210.55 mi57, Shawbrow View, Bishop Auckland, County Durham DL14 6XH2
£125K02/210.55 mi30, Shawbrow View, Bishop Auckland, County Durham DL14 6XH2
£158.5K12/220.57 mi49, Shawbrow View, Bishop Auckland, County Durham DL14 6XH2
£73K06/210.6 mi5, Oxford Terrace, Bishop Auckland, County Durham DL14 7DA2
£59.5K03/210.6 mi1, Bishop Street, Bishop Auckland, Durham DL14 7DF2
£85K03/230.63 mi8, South Church Road, Bishop Auckland, County Durham DL14 7JY2
£48K02/210.63 mi6, Hillbeck Street, Bishop Auckland, County Durham DL14 6SF2
£50K12/200.64 mi33, Durham Street, Bishop Auckland, County Durham DL14 7BN2
£69K08/210.66 mi25, Queens Road, Bishop Auckland, County Durham DL14 7LX2

Local Rents

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

RentDateDistanceAddressBeds 
£57503/250 mi-2
£55001/240.05 mi-2
£57504/240.05 miHelena Terrace, Bishop Auckland, County Durham, DL142
£57504/240.05 miHelena Terrace, Bishop Auckland, County Durham2
£49510/230.06 mi-2
£54510/240.06 mi-2
£48004/250.09 mi-2
£57504/240.1 miKensington Heights, Bishop Auckland, Bishop Auckland, DL14 2
£50012/240.19 miArran Court, Bishop Auckland2
£60003/240.23 miHigh Melbourne Street, Bishop Auckland2
£47303/250.26 mi-2
£60004/250.31 mi-2
£57512/240.32 mi-2
£52510/230.33 mi-2
£45004/240.45 miBlackett Street, Bishop Auckland, Bishop Auckland, DL14 2
£55004/240.54 miAintree Drive, Bishop Auckland2
£52503/240.54 miAintree Drive, Bishop Auckland2
£52504/240.54 miAintree Drive, Bishop Auckland2
£59810/240.57 mi-2
£65003/250.58 mi-2
£42504/240.59 miOxford Street, Bishop Auckland, DL142
£57504/240.6 miNelson Street, Bishop Auckland, DL142
£55004/240.61 miNelson Street, Bishop Auckland, DL142
£48004/240.61 miNelson Street, Bishop Auckland2

Local Area Statistics

Population in DL14

37,237

Population in Bishop Auckland

51,200

Town centre distance

0.39 miles away

Nearest school

0.20 miles away

Nearest train station

0.38 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+7%

Sales demand

Seller's market

Capital growth (5yrs)

-4%

Property History

Listed for £46,950

-83%

September 20, 2024

Sold for £86,000

2007

Sold for £24,750

2000

Floor Plans

Description

  • TWO BEDROOMS +
  • MID TERRACE +
  • NO ONWARD CHAIN +
  • REAR YARD +
  • ON STREET PARKING +
  • INVESTMENT OPPORTUNITY +
  • CLOSE TO AMENTIES +
  • EPC GRADE F +

Hunters are now in receipt of an offer for the sum of £50,000 for 15, Rutland Avenue, Bishop Auckland, County Durham, DL14 6AY.

Anyone wishing to place an offer on the property should contact Hunters, 147 - 149, Newgate Street, BISHOP AUCKLAND, County Durham, DL14 7EN telephone number prior to exchange of contracts.

Two bedroomed property located on Rutland Avenue in Bishop Auckland. Situated just a short distance from both the town centre, as well as Tindale's Retail Park. There is an extensive public transport system in the area allowing for access to not only the neighbouring towns and villages, but to further afield places such as Darlington, Durham, Newcastle and York. Local amenities include supermarkets, schools, popular high street retail stores, restaurants, cafes as well as a range of healthcare services.

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

Living Room - 3.7m x 3.6m (12'1" x 11'9") - The living room is located to the front of the property, with ample space for furniture and window to the front elevation.

Dining Room - 3.9m x 3.7m (12'9" x 12'1") - The second reception room is another good size with window to the rear elevation.

Kitchen - 2.6m x 1.9m (8'6" x 6'2") - The kitchen contains a range of wall, base and drawer units, complementing work surfaces and tiled splash backs. Space is available for free standing appliances.

Bathroom - 1.9m x 1.6m (6'2" x 5'2") - The bathroom contains a panelled bath, WC and was hand basin.

Master Bedroom - 4.6m x 3.7m (15'1" x 12'1") - The master bedroom provides space for a double bed, further furniture and window to the front elevation.

Bedroom Two - 3.9m x 2.7m (12'9" x 8'10") - The second bedroom is another double room with window to the rear elevation.

External - Externally the property has an enclosed yard to the rear with gated access into the rear lane.

Notes - All services and appliances have not and will not be tested.

Agent Details

Hunters, Bishop Auckland

01388 311339

Next Steps?

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