2 Bed Terraced House, Refurb/BRRR, Bishop Auckland, DL14 8RG, £59,995

27 Douglas Crescent, Bishop Auckland, Durham, DL14 8RG - 9 views - 4 months ago

Under Offer
Refurb/BRRR
ROI: 2%
~68 m²
+11 photos

ValuationOvervalued

Sold Prices£27.5K - £230K
Sold Prices/m²£425/m² - £2.6K/m²

 

 

Square Metres

~68.11 m²
Price/m²£881/m²

Value Estimate

£45,445

 

 

End Value (After Refurb)

£104,005

Uplift in Value

+73%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£14,999

Stamp Duty & Legal Fees

£3,000

Refurb Costs

£26,155

Bridging Loan Interest

£1,575

Total Cash In

£47,478

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£104,005

Agent Fees (1%)

£1,040

Bridging Loan

£44,996

Bridging Loan Interest

£1,575

Flip Profit

£10,491

Local Sold Prices

47 sold prices from £27.5K to £230K, average is £69K. £425/m² to £2.6K/m², average is £726/m².

PriceDateDistanceAddressBeds 
£177K04/210.18 mi19, Westcott Drive, Auckland Park, Bishop Auckland, County Durham DL14 8SG2
£48K02/210.51 mi6, Hillbeck Street, Bishop Auckland, County Durham DL14 6SF2
£66K03/210.53 mi7, Grange View, Coundon Gate, Bishop Auckland, County Durham DL14 8QJ2
£90K03/230.57 mi38, St Andrews Road, Bishop Auckland, County Durham DL14 6RY2
£66K11/220.57 mi7, Rosemount Court, Bishop Auckland, County Durham DL14 6XN2
£180K02/230.59 mi70, St Andrews Road, Bishop Auckland, County Durham DL14 6RY2
£45K06/230.6 mi2, Dixon Street, Bishop Auckland, County Durham DL14 6DW2
£69K08/210.6 mi25, Queens Road, Bishop Auckland, County Durham DL14 7LX2
£38K08/210.63 mi18, Sun Street, Bishop Auckland, County Durham DL14 6DP2
£72K02/230.65 mi6, Sun Street, Bishop Auckland, County Durham DL14 6DP2
£145K04/210.68 mi3, Westlea Avenue, Bishop Auckland, County Durham DL14 6HE2
£85K03/230.68 mi8, South Church Road, Bishop Auckland, County Durham DL14 7JY2
£55.3K04/210.72 mi1, Oak Terrace, Bishop Auckland, County Durham DL14 6ES2
£55.3K04/210.72 mi1, Oak Terrace, Bishop Auckland, County Durham DL14 6ES2
£55.3K04/210.72 mi1, Oak Terrace, Bishop Auckland, County Durham DL14 6ES2
£230K02/210.72 mi11, Milford Meadow, South Church, Bishop Auckland, Durham DL14 6SJ2
£62.5K06/230.72 mi4, James Terrace, Coronation, Bishop Auckland, County Durham DL14 8SH2
£72.5K06/230.73 mi7, Leopold Place, Bishop Auckland, County Durham DL14 6EJ2
£60K01/210.73 mi13, Leopold Place, Bishop Auckland, County Durham DL14 6EJ2
£27.5K04/210.74 mi15, Oxford Street, Eldon Lane, Bishop Auckland, County Durham DL14 8SY2
£63K04/210.74 mi12, David Terrace, Coronation, Bishop Auckland, Durham DL14 8SJ2
£108K05/210.77 mi7, Brockwell Court, Coundon Grange, Bishop Auckland, County Durham DL14 8XH2
£108K05/210.77 mi7, Brockwell Court, Coundon Grange, Bishop Auckland, County Durham DL14 8XH2
£108K05/210.77 mi7, Brockwell Court, Coundon Grange, Bishop Auckland, County Durham DL14 8XH2
£34K11/200.77 miPierremont, Blackett Street, Bishop Auckland, Durham DL14 7TD2
£31K08/210.79 mi10, Edward Street, Eldon Lane, Bishop Auckland, Durham DL14 8TN2
£35K07/210.81 mi5, James Street, Bishop Auckland, Durham DL14 6HL2
£75K11/210.81 mi12, Oaklea Terrace, Bishop Auckland, Durham DL14 6HH2
£69.5K04/210.81 mi9, Oaklea Terrace, Bishop Auckland, Durham DL14 6HH2
£74K09/210.81 mi3, Oaklea Terrace, Bishop Auckland, Durham DL14 6HH2
£80.8K05/230.81 mi9, Oaklea Terrace, Bishop Auckland, County Durham DL14 6HH2
£50K05/230.81 mi3, Railway Houses, Eldon Lane, Bishop Auckland, County Durham DL14 8TB2
£63K01/210.86 mi60, Seymour Street, Bishop Auckland, Durham DL14 6JD2
£75K08/210.88 mi4, Bedford Place, Bishop Auckland, County Durham DL14 6TQ2
£75K08/210.88 mi4, Bedford Place, Bishop Auckland, County Durham DL14 6TQ2
£74K02/230.88 mi8, Bedford Place, Bishop Auckland, County Durham DL14 6TQ2
£74K03/210.88 mi9, Bedford Place, Bishop Auckland, County Durham DL14 6TQ2
£73K06/210.92 mi5, Oxford Terrace, Bishop Auckland, County Durham DL14 7DA2
£120K05/210.93 mi26, Wesley Grove, Bishop Auckland, County Durham DL14 7TG2
£123K05/210.93 mi25, Wesley Grove, Bishop Auckland, Durham DL14 7TG2
£61K12/200.94 mi10, Hutchinson Street, Bishop Auckland, Durham DL14 7DD2
£57.5K05/210.95 mi33, Hampshire Place, Bishop Auckland, County Durham DL14 6UX2
£49K01/210.96 mi27, Beaumont Street, Bishop Auckland, Durham DL14 6BJ2
£70K06/210.96 mi3, Suffolk Place, Bishop Auckland, County Durham DL14 6UT2
£59.5K03/210.97 mi1, Bishop Street, Bishop Auckland, Durham DL14 7DF2
£63K06/210.98 mi9, Chatsworth Avenue, Bishop Auckland, County Durham DL14 6AX2
£36K12/201 mi22, Gibbon Street, Bishop Auckland, County Durham DL14 7DL2

Local Rents

52 rents from £375/mo to £1.4K/mo, average is £525/mo.

RentDateDistanceAddressBeds 
£52503/240.48 miAintree Drive, Bishop Auckland2
£52504/240.48 miAintree Drive, Bishop Auckland2
£55004/240.48 miAintree Drive, Bishop Auckland2
£37504/240.51 miHillbeck Street, Bishop Auckland , DL14 6SF2
£47512/240.53 miHillbeck Street, County Durham, DL142
£1,35003/250.58 mi-2
£65002/250.6 mi-2
£52502/250.63 mi-2
£40002/240.68 mi-2
£45012/240.69 miElm Terrace, Eldon Lane, Bishop Auckland, DL142
£50005/240.74 mi-2
£52510/230.74 mi-2
£45004/240.77 miBlackett Street, Bishop Auckland, Bishop Auckland, DL14 2
£37503/240.77 miRandolph Street, Coundon Grange, Bishop Auckland, Durham2
£47303/250.79 mi-2
£39504/240.79 miEdward Street, Bishop Auckland, County Durham, DL142
£60003/240.8 miHigh Melbourne Street, Bishop Auckland2
£42509/240.83 mi-2
£50012/240.83 miArran Court, Bishop Auckland2
£52512/240.84 mi-2
£49903/250.84 mi-2
£47504/240.85 miHigh Street, Eldon Lane, Bishop Auckland, DL142
£59512/240.88 mi-2
£42504/240.91 miOxford Street, Bishop Auckland, DL142
£65004/240.93 miGreat Gates, Bishop Auckland2
£57504/240.93 miKensington Heights, Bishop Auckland, Bishop Auckland, DL14 2
£48003/250.94 mi-2
£52504/240.94 miGrey Street, Bishop Auckland2
£59810/240.95 mi-2
£55004/240.97 miStranton Street, Bishop Auckland2
£49510/230.98 mi-2
£54510/240.98 mi-2
£42510/230.98 mi-2
£45012/230.98 mi-2
£55004/240.99 miNelson Street, Bishop Auckland, DL142
£59512/240.99 miSilver Street, Bishop Auckland2
£50012/241 mi-2
£50012/241 mi-2
£48004/241 miNelson Street, Bishop Auckland2
£55004/241 miSilver Street, Bishop Auckland2
£59512/231 mi-2
£59512/231 mi-2
£55003/241 miSilver Street, Bishop Auckland2
£55012/241 mi-2
£50006/241 mi-2
£49510/241 mi-2
£49503/241 miGibbon Street, Bishop Auckland, County Durham, DL142
£57504/241 miNelson Street, Bishop Auckland, DL142
£42512/241.02 mi-2
£57503/251.02 mi-2
£58003/241.02 miDurham Street, Bishop Auckland2
£56510/231.03 mi-2

Local Area Statistics

Population in DL14

37,237

Population in Bishop Auckland

51,200

Town centre distance

1.31 miles away

Nearest school

0.50 miles away

Nearest train station

0.86 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+7%

Sales demand

Seller's market

Capital growth (5yrs)

-4%

Property History

Listed for £59,995

November 29, 2024

Sold for £29,500

1995

Description

  • 2 Bed End Of Terrace +
  • Sought After Location +
  • Excellent Transport Links +
  • Gas Central Heating +
  • Double Glazing +
  • 2 Reception Rooms +
  • GARAGE/WORKSHOP +
  • Open Views To Rear +
  • NO ONWARD CHAIN +

Rea Estates offer to the sales market this 2 Bedroom End of Terrace property, situated within a popular residential area, approximately 1.5 miles from Bishop Auckland town centre, offering a range of schools, shopping and recreational facilities.
The historic City of Durham is approximately 12 miles away and the property has excellent transport links with the A688 trunk road giving access to the A1M for travel both North and South.
Warmed via Gas Central Heating and benefitting from uPVC Double Glazing, the accommodation briefly comprises, Entrance Vestibule with staircase rising to the first floor, Lounge with double doors opening to the Dining Room, Kitchen/Breakfast Room and a Hallway/Utility with pedestrian door opening to an attached Garage.
To the first floor there are 2 Bedrooms and a Wet Room/Wc.
Externally to the front of the house there is a paved forecourt. Gated side access opens to an enclosed yard.
In our opinion this property, which is offered for sale with no onward chain, is competitively priced to reflect that a degree of modernisation is required and therefore should prove of interest to a variety of purchasers.

Entrance Vestibule
Glazed entrance door opening to vestibule with staircase rising to the first floor and door to:

Lounge: 14'11 x 12'06 (4.55m x 3.81m)
A well proportioned lounge with double glazed window to the front elevation, cornice to ceiling, dado rail to wall, two wall light points, stone built fire surround, central heating radiator and double doors opening to the dining room.

Dining Room:
14'01 x 10'11 (4.29m x 3.33m)
The dining room provides ample space for a family size table and chairs or could be utilised as a sitting room. Double glazed window to the side elevation, cornice, dado rail, radiator, under stair storage cupboard and door to kitchen.

Kitchen:
13'07 x 12'0 (4.14m x 3.66m)
Fitted with a range of base and wall units, laminated work surfaces with inset stainless steel sink unit and tiled splash back. Free standing gas cooker point, space and plumbing for washing machine. Cornice, double glazed window to the rear, radiator and door to hallway/utility.

Hallway/Utility:
11'10 x 6'0 (3.61m x 1.83m)
A versatile room with double glazed window and external door opening to the side elevation, radiator and pedestrian door to garage.

First Floor Landing
Central heating radiator and doors to:

Bedroom One: 15'0 x 12'05 into robe (4.57m x 3.78m)
A double bedroom of generous proportions providing ample space for a range of free standing furniture. Double glazed window to the front elevation, cornice, two built in wardrobes and a walk in storage cupboard with hanging rail.

Bedroom Two: 10'11 x 9'0 (3.33m x 2.74m)
Double glazed window to the side elevation, fitted wardrobes, radiator and wall mounted central heating boiler.

Wet Room/Wc: 7'09 x 4'09 (2.36m x 1.45m)
Tiled wet room comprising; easily accessible shower with electric unit, low level w/c and pedestal wash hand basin. Cornice, radiator, wall mounted extractor fan and obscure double glazed window.

Garage/Workshop: 12'08 x 11'0 max (3.86m x 3.35m)
With up and over door.

Agent Details

REA Estates, Bishop Auckland - Sales

01388 311719

Next Steps?

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