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





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£45,445 |
| |
End Value (After Refurb) | £104,005£104,005 |
Uplift in Value | +73%+73% |
Investment Opportunity
Cash In | |
Purchase Finance | Bridging LoanBridging Loan |
Deposit (25%) | £14,999£14,999 |
Stamp Duty & Legal Fees | £3,000£3,000 |
Refurb Costs | £26,155£26,155 |
Bridging Loan Interest | £1,575£1,575 |
Total Cash In | £47,478£47,478 |
| |
Cash Out | |
Monetisation | FlipRefinance & RentFlip |
Estimated Sale Price | £104,005£104,005 |
Agent Fees (1%) | £1,040£1,040 |
Bridging Loan | £44,996£44,996 |
Bridging Loan Interest | £1,575£1,575 |
Flip Profit | £10,491£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.
Price | Date | Distance | Address | Price/m² | m² | Beds | Type | |
£177K | 04/21 | 0.18 mi | 19, Westcott Drive, Auckland Park, Bishop Auckland, County Durham DL14 8SG | £2,637 | 67 | 2 | Detached House | |
£48K | 02/21 | 0.51 mi | 6, Hillbeck Street, Bishop Auckland, County Durham DL14 6SF | £667 | 72 | 2 | Terraced House | |
£66K | 03/21 | 0.53 mi | 7, Grange View, Coundon Gate, Bishop Auckland, County Durham DL14 8QJ | £733 | 90 | 2 | Terraced House | |
£90K | 03/23 | 0.57 mi | 38, St Andrews Road, Bishop Auckland, County Durham DL14 6RY | £1,429 | 63 | 2 | Terraced House | |
£66K | 11/22 | 0.57 mi | 7, Rosemount Court, Bishop Auckland, County Durham DL14 6XN | £1,375 | 48 | 2 | Detached House | |
£180K | 02/23 | 0.59 mi | 70, St Andrews Road, Bishop Auckland, County Durham DL14 6RY | - | - | 2 | Semi-Detached House | |
£45K | 06/23 | 0.6 mi | 2, Dixon Street, Bishop Auckland, County Durham DL14 6DW | £900 | 50 | 2 | Terraced House | |
£69K | 08/21 | 0.6 mi | 25, Queens Road, Bishop Auckland, County Durham DL14 7LX | £863 | 80 | 2 | Terraced House | |
£38K | 08/21 | 0.63 mi | 18, Sun Street, Bishop Auckland, County Durham DL14 6DP | - | - | 2 | Terraced House | |
£72K | 02/23 | 0.65 mi | 6, Sun Street, Bishop Auckland, County Durham DL14 6DP | - | - | 2 | Terraced House | |
£145K | 04/21 | 0.68 mi | 3, Westlea Avenue, Bishop Auckland, County Durham DL14 6HE | £2,164 | 67 | 2 | Detached House | |
£85K | 03/23 | 0.68 mi | 8, South Church Road, Bishop Auckland, County Durham DL14 7JY | £538 | 158 | 2 | Terraced House | |
£55.3K | 04/21 | 0.72 mi | 1, Oak Terrace, Bishop Auckland, County Durham DL14 6ES | £658 | 84 | 2 | Terraced House | |
£55.3K | 04/21 | 0.72 mi | 1, Oak Terrace, Bishop Auckland, County Durham DL14 6ES | £658 | 84 | 2 | Terraced House | |
£55.3K | 04/21 | 0.72 mi | 1, Oak Terrace, Bishop Auckland, County Durham DL14 6ES | £658 | 84 | 2 | Terraced House | |
£230K | 02/21 | 0.72 mi | 11, Milford Meadow, South Church, Bishop Auckland, Durham DL14 6SJ | - | - | 2 | Detached House | |
£62.5K | 06/23 | 0.72 mi | 4, James Terrace, Coronation, Bishop Auckland, County Durham DL14 8SH | - | - | 2 | Terraced House | |
£72.5K | 06/23 | 0.73 mi | 7, Leopold Place, Bishop Auckland, County Durham DL14 6EJ | £718 | 101 | 2 | Terraced House | |
£60K | 01/21 | 0.73 mi | 13, Leopold Place, Bishop Auckland, County Durham DL14 6EJ | £632 | 95 | 2 | Semi-Detached House | |
£27.5K | 04/21 | 0.74 mi | 15, Oxford Street, Eldon Lane, Bishop Auckland, County Durham DL14 8SY | £444 | 62 | 2 | Terraced House | |
£63K | 04/21 | 0.74 mi | 12, David Terrace, Coronation, Bishop Auckland, Durham DL14 8SJ | - | - | 2 | Terraced House | |
£108K | 05/21 | 0.77 mi | 7, Brockwell Court, Coundon Grange, Bishop Auckland, County Durham DL14 8XH | - | - | 2 | Semi-Detached House | |
£108K | 05/21 | 0.77 mi | 7, Brockwell Court, Coundon Grange, Bishop Auckland, County Durham DL14 8XH | - | - | 2 | Semi-Detached House | |
£108K | 05/21 | 0.77 mi | 7, Brockwell Court, Coundon Grange, Bishop Auckland, County Durham DL14 8XH | - | - | 2 | Semi-Detached House | |
£34K | 11/20 | 0.77 mi | Pierremont, Blackett Street, Bishop Auckland, Durham DL14 7TD | £479 | 71 | 2 | Semi-Detached House | |
£31K | 08/21 | 0.79 mi | 10, Edward Street, Eldon Lane, Bishop Auckland, Durham DL14 8TN | £425 | 73 | 2 | Terraced House | |
£35K | 07/21 | 0.81 mi | 5, James Street, Bishop Auckland, Durham DL14 6HL | £500 | 70 | 2 | Terraced House | |
£75K | 11/21 | 0.81 mi | 12, Oaklea Terrace, Bishop Auckland, Durham DL14 6HH | £468 | 160 | 2 | Terraced House | |
£69.5K | 04/21 | 0.81 mi | 9, Oaklea Terrace, Bishop Auckland, Durham DL14 6HH | £874 | 80 | 2 | Terraced House | |
£74K | 09/21 | 0.81 mi | 3, Oaklea Terrace, Bishop Auckland, Durham DL14 6HH | £827 | 90 | 2 | Terraced House | |
£80.8K | 05/23 | 0.81 mi | 9, Oaklea Terrace, Bishop Auckland, County Durham DL14 6HH | £1,016 | 80 | 2 | Terraced House | |
£50K | 05/23 | 0.81 mi | 3, Railway Houses, Eldon Lane, Bishop Auckland, County Durham DL14 8TB | £806 | 62 | 2 | Terraced House | |
£63K | 01/21 | 0.86 mi | 60, Seymour Street, Bishop Auckland, Durham DL14 6JD | £612 | 103 | 2 | Semi-Detached House | |
£75K | 08/21 | 0.88 mi | 4, Bedford Place, Bishop Auckland, County Durham DL14 6TQ | - | - | 2 | Terraced House | |
£75K | 08/21 | 0.88 mi | 4, Bedford Place, Bishop Auckland, County Durham DL14 6TQ | - | - | 2 | Terraced House | |
£74K | 02/23 | 0.88 mi | 8, Bedford Place, Bishop Auckland, County Durham DL14 6TQ | £1,000 | 74 | 2 | Terraced House | |
£74K | 03/21 | 0.88 mi | 9, Bedford Place, Bishop Auckland, County Durham DL14 6TQ | - | - | 2 | Terraced House | |
£73K | 06/21 | 0.92 mi | 5, Oxford Terrace, Bishop Auckland, County Durham DL14 7DA | - | - | 2 | Terraced House | |
£120K | 05/21 | 0.93 mi | 26, Wesley Grove, Bishop Auckland, County Durham DL14 7TG | £2,308 | 52 | 2 | Semi-Detached House | |
£123K | 05/21 | 0.93 mi | 25, Wesley Grove, Bishop Auckland, Durham DL14 7TG | - | - | 2 | Semi-Detached House | |
£61K | 12/20 | 0.94 mi | 10, Hutchinson Street, Bishop Auckland, Durham DL14 7DD | - | - | 2 | Terraced House | |
£57.5K | 05/21 | 0.95 mi | 33, Hampshire Place, Bishop Auckland, County Durham DL14 6UX | - | - | 2 | Terraced House | |
£49K | 01/21 | 0.96 mi | 27, Beaumont Street, Bishop Auckland, Durham DL14 6BJ | £533 | 92 | 2 | Terraced House | |
£70K | 06/21 | 0.96 mi | 3, Suffolk Place, Bishop Auckland, County Durham DL14 6UT | £911 | 77 | 2 | Terraced House | |
£59.5K | 03/21 | 0.97 mi | 1, Bishop Street, Bishop Auckland, Durham DL14 7DF | £736 | 81 | 2 | Terraced House | |
£63K | 06/21 | 0.98 mi | 9, Chatsworth Avenue, Bishop Auckland, County Durham DL14 6AX | - | - | 2 | Terraced House | |
£36K | 12/20 | 1 mi | 22, Gibbon Street, Bishop Auckland, County Durham DL14 7DL | £574 | 63 | 2 | Terraced House |
Local Rents
52 rents from £375/mo to £1.4K/mo, average is £525/mo.
Rent | Date | Distance | Address | Beds | Type | |
£525 | 03/24 | 0.48 mi | Aintree Drive, Bishop Auckland | 2 | Flat | |
£525 | 04/24 | 0.48 mi | Aintree Drive, Bishop Auckland | 2 | Flat | |
£550 | 04/24 | 0.48 mi | Aintree Drive, Bishop Auckland | 2 | Flat | |
£375 | 04/24 | 0.51 mi | Hillbeck Street, Bishop Auckland , DL14 6SF | 2 | Terraced House | |
£475 | 12/24 | 0.53 mi | Hillbeck Street, County Durham, DL14 | 2 | Terraced House | |
£1,350 | 03/25 | 0.58 mi | - | 2 | Flat | |
£650 | 02/25 | 0.6 mi | - | 2 | Terraced House | |
£525 | 02/25 | 0.63 mi | - | 2 | Flat | |
£400 | 02/24 | 0.68 mi | - | 2 | Terraced House | |
£450 | 12/24 | 0.69 mi | Elm Terrace, Eldon Lane, Bishop Auckland, DL14 | 2 | Terraced House | |
£500 | 05/24 | 0.74 mi | - | 2 | Terraced House | |
£525 | 10/23 | 0.74 mi | - | 2 | Terraced House | |
£450 | 04/24 | 0.77 mi | Blackett Street, Bishop Auckland, Bishop Auckland, DL14 | 2 | Terraced House | |
£375 | 03/24 | 0.77 mi | Randolph Street, Coundon Grange, Bishop Auckland, Durham | 2 | Terraced House | |
£473 | 03/25 | 0.79 mi | - | 2 | Terraced House | |
£395 | 04/24 | 0.79 mi | Edward Street, Bishop Auckland, County Durham, DL14 | 2 | Terraced House | |
£600 | 03/24 | 0.8 mi | High Melbourne Street, Bishop Auckland | 2 | Detached House | |
£425 | 09/24 | 0.83 mi | - | 2 | Terraced House | |
£500 | 12/24 | 0.83 mi | Arran Court, Bishop Auckland | 2 | Flat | |
£525 | 12/24 | 0.84 mi | - | 2 | Terraced House | |
£499 | 03/25 | 0.84 mi | - | 2 | Terraced House | |
£475 | 04/24 | 0.85 mi | High Street, Eldon Lane, Bishop Auckland, DL14 | 2 | House | |
£595 | 12/24 | 0.88 mi | - | 2 | Semi-Detached House | |
£425 | 04/24 | 0.91 mi | Oxford Street, Bishop Auckland, DL14 | 2 | Terraced House | |
£650 | 04/24 | 0.93 mi | Great Gates, Bishop Auckland | 2 | Terraced House | |
£575 | 04/24 | 0.93 mi | Kensington Heights, Bishop Auckland, Bishop Auckland, DL14 | 2 | Flat | |
£480 | 03/25 | 0.94 mi | - | 2 | Terraced House | |
£525 | 04/24 | 0.94 mi | Grey Street, Bishop Auckland | 2 | Terraced House | |
£598 | 10/24 | 0.95 mi | - | 2 | Terraced House | |
£550 | 04/24 | 0.97 mi | Stranton Street, Bishop Auckland | 2 | Terraced House | |
£495 | 10/23 | 0.98 mi | - | 2 | Terraced House | |
£545 | 10/24 | 0.98 mi | - | 2 | Terraced House | |
£425 | 10/23 | 0.98 mi | - | 2 | Flat | |
£450 | 12/23 | 0.98 mi | - | 2 | Terraced House | |
£550 | 04/24 | 0.99 mi | Nelson Street, Bishop Auckland, DL14 | 2 | Terraced House | |
£595 | 12/24 | 0.99 mi | Silver Street, Bishop Auckland | 2 | Flat | |
£500 | 12/24 | 1 mi | - | 2 | Terraced House | |
£500 | 12/24 | 1 mi | - | 2 | Terraced House | |
£480 | 04/24 | 1 mi | Nelson Street, Bishop Auckland | 2 | Terraced House | |
£550 | 04/24 | 1 mi | Silver Street, Bishop Auckland | 2 | Flat | |
£595 | 12/23 | 1 mi | - | 2 | Flat | |
£595 | 12/23 | 1 mi | - | 2 | Flat | |
£550 | 03/24 | 1 mi | Silver Street, Bishop Auckland | 2 | Flat | |
£550 | 12/24 | 1 mi | - | 2 | Terraced House | |
£500 | 06/24 | 1 mi | - | 2 | Terraced House | |
£495 | 10/24 | 1 mi | - | 2 | Semi-Detached House | |
£495 | 03/24 | 1 mi | Gibbon Street, Bishop Auckland, County Durham, DL14 | 2 | Terraced House | |
£575 | 04/24 | 1 mi | Nelson Street, Bishop Auckland, DL14 | 2 | Terraced House | |
£425 | 12/24 | 1.02 mi | - | 2 | Terraced House | |
£575 | 03/25 | 1.02 mi | - | 2 | Terraced House | |
£580 | 03/24 | 1.02 mi | Durham Street, Bishop Auckland | 2 | Terraced House | |
£565 | 10/23 | 1.03 mi | - | 2 | Terraced House |
Local Area Statistics
Population in DL14 | 37,23737,237 |
Population in Bishop Auckland | 51,20051,200 |
Town centre distance | 1.31 miles away1.31 miles away |
Nearest school | 0.50 miles away0.50 miles away |
Nearest train station | 0.86 miles away0.86 miles away |
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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 £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.