2 Bed Terraced House, Refurb/BRRR, Bishop Auckland, DL14 9JT, £50,000

Edith Terrace, West Auckland, Bishop Auckland, Durham, DL14 9JT - 23 views - 5 months ago

Sold STC
Refurb/BRRR
ROI: 4%
~68 m²
+8 photos

ValuationFair Value

Sold Prices£39K - £230K
Sold Prices/m²£512/m² - £3K/m²

 

 

Square Metres

~68.11 m²
Price/m²£734/m²

Value Estimate

£50,000

 

 

End Value (After Refurb)

£102,372

Uplift in Value

+105%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£12,500

Stamp Duty & Legal Fees

£2,700

Refurb Costs

£26,155

Bridging Loan Interest

£1,313

Total Cash In

£44,417

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£102,372

Agent Fees (1%)

£1,024

Bridging Loan

£37,500

Bridging Loan Interest

£1,313

Flip Profit

£19,431

Local Sold Prices

50 sold prices from £39K to £230K, average is £89K. £512/m² to £3K/m², average is £1.4K/m².

PriceDateDistanceAddressBeds 
£90K07/230.05 mi16, Copeland Road, West Auckland, Bishop Auckland, County Durham DL14 9JJ2
£153K10/200.06 mi23, Ennerdale Grove, West Auckland, Bishop Auckland, County Durham DL14 9LN2
£89K02/230.09 mi33, Staindrop Road, West Auckland, Bishop Auckland, County Durham DL14 9JU2
£60K04/210.09 mi10, George Street, West Auckland, Bishop Auckland, County Durham DL14 9JR2
£110K02/230.1 mi1, Raby Terrace, West Auckland, Bishop Auckland, County Durham DL14 9LA2
£64K11/200.14 mi11, Katrine Walk, West Auckland, Bishop Auckland, County Durham DL14 9UA2
£84K11/200.19 mi17, Thirlmere Grove, West Auckland, Bishop Auckland, County Durham DL14 9LW2
£189K06/230.21 mi45, Front Street, West Auckland, Bishop Auckland, County Durham DL14 9HL2
£48.5K04/230.37 mi11, Station Road, West Auckland, Bishop Auckland, County Durham DL14 9HF2
£230K03/210.44 mi59, Darlington Road, West Auckland, Bishop Auckland, County Durham DL14 9HT2
£59.5K07/230.5 mi14, Meadow View, West Auckland, Bishop Auckland, County Durham DL14 9HB2
£76K01/210.65 mi89, Manor Road, St Helen Auckland, Bishop Auckland, County Durham DL14 9ER2
£76K02/210.67 mi16, Bishops Court, St Helen Auckland, Bishop Auckland, Durham DL14 9FB2
£100K12/220.84 mi15, Old Hall Farm Road, St Helen Auckland, Bishop Auckland, County Durham DL14 9EQ2
£82K12/200.88 mi12, Walton Crescent, St Helen Auckland, Bishop Auckland, Durham DL14 9GE2
£80K07/210.99 mi33, Central Grange, St Helen Auckland, Bishop Auckland, County Durham DL14 9AY2
£88K06/230.99 mi42, Central Grange, St Helen Auckland, Bishop Auckland, County Durham DL14 9AY2
£137.5K01/211.4 mi7, South Road, High Etherley, Bishop Auckland, County Durham DL14 0HZ2
£174.9K09/211.41 mi11, Auckland View, High Etherley, Bishop Auckland, County Durham DL14 0JQ2
£79K02/231.45 mi24, Newholme Crescent, Evenwood, Bishop Auckland, County Durham DL14 9RY2
£149K06/231.48 mi7, Garth Meadows, High Etherley, Bishop Auckland, County Durham DL14 0JJ2
£77.5K03/231.51 mi16, Raby Street, Evenwood, Bishop Auckland, County Durham DL14 9QG2
£51K12/211.51 mi6, Victoria Street, Evenwood, Bishop Auckland, County Durham DL14 9QQ2
£64K07/231.52 mi14, West View, Evenwood, Bishop Auckland, County Durham DL14 9QH2
£47K12/211.53 mi5, Maude Terrace, Evenwood, Bishop Auckland, County Durham DL14 9RU2
£47.5K01/211.53 mi36, The Centre, Evenwood, Bishop Auckland, Durham DL14 9QF2
£100K12/201.56 mi41, Fairfield, Evenwood, Bishop Auckland, County Durham DL14 9SE2
£67K02/231.58 mi28, Rochdale Street, Evenwood, Bishop Auckland, County Durham DL14 9RP2
£95K12/201.59 mi3, Station Terrace, Ramshaw, Bishop Auckland, Durham DL14 0NH2
£107K03/231.59 mi1, Station Terrace, Ramshaw, Bishop Auckland, County Durham DL14 0NH2
£165K06/231.6 mi14, Willow Court, Toft Hill, Bishop Auckland, County Durham DL14 0JW2
£163K05/231.6 mi21, Willow Court, Toft Hill, Bishop Auckland, County Durham DL14 0JW2
£139.9K12/201.6 mi15, Willow Court, Toft Hill, Bishop Auckland, Durham DL14 0JW2
£125K04/211.6 mi6, Willow Court, Toft Hill, Bishop Auckland, County Durham DL14 0JW2
£155K05/231.6 mi8, Willow Court, Toft Hill, Bishop Auckland, County Durham DL14 0JW2
£155K10/201.62 mi17, Rookhope Grove, Bishop Auckland, County Durham DL14 0SW2
£39K06/231.63 mi24, Alpine Terrace, Evenwood, Bishop Auckland, County Durham DL14 9QT2
£45.4K10/201.64 mi29, Ramsey Crescent, Bishop Auckland, County Durham DL14 6TL2
£89K06/231.64 mi10, Croxdale Grove, Bishop Auckland, County Durham DL14 0SB2
£93K04/231.65 mi74, Red Houses, High Etherley, Bishop Auckland, County Durham DL14 0HJ2
£83K02/231.65 mi7, Richardson Avenue, Bishop Auckland, County Durham DL14 6TP2
£48K11/201.65 mi12, Dent Street, Bishop Auckland, County Durham DL14 9SZ2
£62K04/231.67 mi4, Brantwood Terrace, Bishop Auckland, County Durham DL14 9TA2
£100K11/201.67 mi35, Chestnut Court, Toft Hill, Bishop Auckland, Durham DL14 0TQ2
£93K08/211.68 mi5, Ramshaw Row, Ramshaw, Bishop Auckland, Durham DL14 0NQ2
£160K11/221.69 mi22, Middlehope Grove, Bishop Auckland, County Durham DL14 0SH2
£40K11/201.7 mi66, West Lane, Bishop Auckland, County Durham DL14 0QY2
£165K05/231.71 mi23, Furness Close, Bishop Auckland, County Durham DL14 0SR2
£171K01/231.71 mi33, Furness Close, Bishop Auckland, County Durham DL14 0SR2
£42K01/211.71 mi28, Gordon Lane, Ramshaw, Bishop Auckland, Durham DL14 0NL2

Local Rents

52 rents from £350/mo to £1.2K/mo, average is £575/mo.

RentDateDistanceAddressBeds 
£1,20004/240.11 miStaindrop Road, West Auckland3
£85003/250.18 mi-3
£95003/250.32 mi-3
£47503/240.37 miThe Nursery, West Auckland, Bishop Auckland, Co Durham., DL142
£69502/250.41 mi-3
£65004/240.52 miNorthbridge Park, St Helen Auckland 3
£57503/240.53 miRiver Walk, West Auckland3
£57504/240.53 miRiver Walk, West Auckland3
£65004/240.55 miOakley Green, West Auckland, Bishop Auckland, County Durham, DL143
£55012/240.74 mi-3
£55001/250.74 mi-3
£72503/240.88 miWalton Crescent, St. Helen Auckland, Bishop Auckland, County Durham, DL143
£49508/240.88 mi-2
£87504/241.07 miLaburnum Grove, St. Helen Auckland, Bishop Auckland, County Durham, DL143
£52504/241.2 miMaude Terrace, St. Helen Auckland, Bishop Auckland, DL143
£57510/241.23 mi-2
£69504/241.36 miSouth Road, High Etherley2
£60008/241.4 mi-2
£40006/231.43 mi-2
£62010/231.48 mi-2
£59008/241.48 mi-2
£60012/231.52 mi-2
£55004/241.53 miOsborne Terrace, Evenwood, Bishop Auckland, County Durham, DL142
£49502/241.53 mi-2
£49502/241.53 mi-2
£49502/241.53 mi-3
£45010/231.53 mi-2
£52503/241.54 miMaud Terrace, Evenwood, Bishop Auckland, Durham, DL14 9RU2
£55001/241.55 mi-2
£60004/241.55 miSwan Street, Evenwood,3
£55011/231.59 mi-2
£49512/241.6 miChapel Street, Evenwood, Bishop Auckland3
£57504/241.63 miTindale Crescent, St Helen Auckland, Bishop Auckland2
£55008/241.63 mi-2
£50002/241.63 mi-2
£62503/251.63 mi-3
£62503/251.63 mi-3
£57504/241.64 miBoddy Street, Tindale Crescent, Bishop Auckland2
£55003/241.64 miWellgarth Evenwood Bishop Auckland, Bishop Auckland3
£57512/241.65 miCroxdale Grove, Bishop Auckland, DL14 0SB2
£50002/241.66 mi-3
£50002/241.66 mi-3
£60004/241.66 mi-3
£47502/251.73 mi-2
£45012/241.73 miCambridge Court, Tindale Crescent, Bishop Auckland, DL14 9SR2
£59511/231.75 mi-2
£59504/241.75 miDere Avenue, Bishop Auckland 2
£55012/231.77 mi-3
£35012/241.78 mi24 Waskerley GroveBishop AucklandCo Durham1
£69512/241.97 miDouthwaite Road, Bishop Auckland, DL14 6QP3
£55012/241.99 mi-3
£60012/242.02 mi-3

Local Area Statistics

Population in DL14

37,237

Population in Bishop Auckland

51,200

Town centre distance

2.04 miles away

Nearest school

0.10 miles away

Nearest train station

2.75 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+7%

Sales demand

Seller's market

Capital growth (5yrs)

-4%

Property History

Listed for £50,000

November 9, 2024

Floor Plans

Description

This spacious two-bedroom, end of terraced property is offered to the market with the advantage of having no onward chain, the property offers the potential for the buyer to improve as it is currently in need of some cosmetic refurbishment. Located in the well-serviced town of West Auckland perfectly placed to take full advantage of a range of local amenities, schooling & leisure facilities, and offers excellent road links for the commuter, making it ideal for a range of buyers.

Over two floors the internal accommodation comprises an entrance lobby, a lounge with a double-glazed window, an inner hall with staircase leading to the first floor landing, a kitchen, a three-piece ground floor house bathroom.

Ascending to the first-floor a landing branches to two double bedrooms. To the exterior of the property, there is an enclosed rear a yard that has a brick-built outhouse. Beyond the yard is a substantial garden.

With the added benefits of gas central heating, double glazing throughout, viewing is essential to appreciate the size, location, and potential of the accommodation on offer.

Agent Details

Ryan James Estate Agents, Bishop Auckland

01308 800944

Next Steps?

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