2 Bed Terraced House, Refurb/BRRR, Bishop Auckland, DL14 6HA, £65,000

Craddock Street, Bishop Auckland, DL14 6HA - 6 views - 4 months ago

Refurb/BRRR
ROI: 4%
~68 m²
+6 photos

ValuationOvervalued

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

 

 

Square Metres

~68.11 m²
Price/m²£954/m²

Value Estimate

£57,357

 

 

End Value (After Refurb)

£72,458

Uplift in Value

+11%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£16,250

Stamp Duty & Legal Fees

£3,150

Refurb Costs

£26,155

Bridging Loan Interest

£1,706

Total Cash In

£49,011

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£72,458

Mortgage (After Refinance)

£54,344

Mortgage LTV

75%

Cash Released

£5,594

Cash Left In

£43,417

Equity

£18,115

Rent Range

£375 - £650

Rent Estimate

£525

Running Costs/mo

£351

Cashflow/mo

£174

Cashflow/yr

£2,083

ROI

4%

Gross Yield

10%

Local Sold Prices

50 sold prices from £34K to £190K, average is £72.8K. £468/m² to £2.6K/m², average is £842/m².

PriceDateDistanceAddressBeds 
£55.3K04/210.08 mi1, Oak Terrace, Bishop Auckland, County Durham DL14 6ES2
£55.3K04/210.08 mi1, Oak Terrace, Bishop Auckland, County Durham DL14 6ES2
£55.3K04/210.08 mi1, Oak Terrace, Bishop Auckland, County Durham DL14 6ES2
£72.5K06/230.08 mi7, Leopold Place, Bishop Auckland, County Durham DL14 6EJ2
£75K11/210.08 mi12, Oaklea Terrace, Bishop Auckland, Durham DL14 6HH2
£69.5K04/210.08 mi9, Oaklea Terrace, Bishop Auckland, Durham DL14 6HH2
£74K09/210.08 mi3, Oaklea Terrace, Bishop Auckland, Durham DL14 6HH2
£80.8K05/230.08 mi9, Oaklea Terrace, Bishop Auckland, County Durham DL14 6HH2
£60K01/210.09 mi13, Leopold Place, Bishop Auckland, County Durham DL14 6EJ2
£72K02/230.12 mi6, Sun Street, Bishop Auckland, County Durham DL14 6DP2
£145K04/210.13 mi3, Westlea Avenue, Bishop Auckland, County Durham DL14 6HE2
£35K07/210.13 mi5, James Street, Bishop Auckland, Durham DL14 6HL2
£38K08/210.15 mi18, Sun Street, Bishop Auckland, County Durham DL14 6DP2
£34K11/200.17 miPierremont, Blackett Street, Bishop Auckland, Durham DL14 7TD2
£45K06/230.17 mi2, Dixon Street, Bishop Auckland, County Durham DL14 6DW2
£63K01/210.24 mi60, Seymour Street, Bishop Auckland, Durham DL14 6JD2
£63K06/210.26 mi9, Chatsworth Avenue, Bishop Auckland, County Durham DL14 6AX2
£120K05/210.3 mi26, Wesley Grove, Bishop Auckland, County Durham DL14 7TG2
£123K05/210.3 mi25, Wesley Grove, Bishop Auckland, Durham DL14 7TG2
£49K01/210.3 mi27, Beaumont Street, Bishop Auckland, Durham DL14 6BJ2
£85K03/230.33 mi8, South Church Road, Bishop Auckland, County Durham DL14 7JY2
£164K12/200.34 mi38, Walmer Avenue, Bishop Auckland, Durham DL14 6NW2
£61K12/200.34 mi10, Hutchinson Street, Bishop Auckland, Durham DL14 7DD2
£63.5K12/200.35 mi33, Frances Terrace, Bishop Auckland, County Durham DL14 6BW2
£69K08/210.35 mi25, Queens Road, Bishop Auckland, County Durham DL14 7LX2
£90K04/230.36 mi16, Helena Terrace, Bishop Auckland, County Durham DL14 6BP2
£75K08/210.38 mi4, Bedford Place, Bishop Auckland, County Durham DL14 6TQ2
£75K08/210.38 mi4, Bedford Place, Bishop Auckland, County Durham DL14 6TQ2
£74K02/230.38 mi8, Bedford Place, Bishop Auckland, County Durham DL14 6TQ2
£74K03/210.38 mi9, Bedford Place, Bishop Auckland, County Durham DL14 6TQ2
£73K06/210.38 mi5, Oxford Terrace, Bishop Auckland, County Durham DL14 7DA2
£59.5K03/210.41 mi1, Bishop Street, Bishop Auckland, Durham DL14 7DF2
£90K03/230.44 mi38, St Andrews Road, Bishop Auckland, County Durham DL14 6RY2
£112K02/210.45 mi57, Etherley Lane, Bishop Auckland, County Durham DL14 7QZ2
£50K12/200.45 mi33, Durham Street, Bishop Auckland, County Durham DL14 7BN2
£180K02/230.46 mi70, St Andrews Road, Bishop Auckland, County Durham DL14 6RY2
£155K03/210.48 mi5, Dudley Grove, Bishop Auckland, Durham DL14 6NB2
£175K11/220.49 mi92, Escomb Road, Bishop Auckland, County Durham DL14 6TZ2
£70K06/210.5 mi3, Suffolk Place, Bishop Auckland, County Durham DL14 6UT2
£48K02/210.51 mi6, Hillbeck Street, Bishop Auckland, County Durham DL14 6SF2
£70K07/230.52 mi73, Surtees Street, Bishop Auckland, County Durham DL14 7DJ2
£36K12/200.52 mi22, Gibbon Street, Bishop Auckland, County Durham DL14 7DL2
£68K12/200.52 mi43, Waldron Street, Bishop Auckland, County Durham DL14 7DS2
£57.5K05/210.55 mi33, Hampshire Place, Bishop Auckland, County Durham DL14 6UX2
£83.5K07/210.56 mi7, Irvin Avenue, Bishop Auckland, County Durham DL14 6QG2
£190K03/210.57 mi8, Pollards Drive, Bishop Auckland, County Durham DL14 6UE2
£100K10/210.58 mi3a, Hardisty Crescent, Bishop Auckland, Durham DL14 6PG2
£177K04/210.62 mi19, Westcott Drive, Auckland Park, Bishop Auckland, County Durham DL14 8SG2
£98K03/210.63 mi54, Murphy Crescent, Bishop Auckland, County Durham DL14 6QH2
£75K06/210.63 mi14, West Road, Bishop Auckland, County Durham DL14 7PP2

Local Rents

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

RentDateDistanceAddressBeds 
£52510/230.02 mi-2
£47303/250.05 mi-2
£45004/240.17 miBlackett Street, Bishop Auckland, Bishop Auckland, DL14 2
£50012/240.22 miArran Court, Bishop Auckland2
£60003/240.22 miHigh Melbourne Street, Bishop Auckland2
£57504/240.25 miKensington Heights, Bishop Auckland, Bishop Auckland, DL14 2
£65002/250.27 mi-2
£48003/250.27 mi-2
£55004/240.28 miAintree Drive, Bishop Auckland2
£52503/240.28 miAintree Drive, Bishop Auckland2
£52504/240.28 miAintree Drive, Bishop Auckland2
£49510/230.3 mi-2
£54510/240.3 mi-2
£57503/250.31 mi-2
£55001/240.35 mi-2
£57504/240.35 miHelena Terrace, Bishop Auckland, County Durham, DL142
£57504/240.36 miHelena Terrace, Bishop Auckland, County Durham2
£59810/240.37 mi-2
£42504/240.37 miOxford Street, Bishop Auckland, DL142
£57512/240.39 mi-2
£52504/240.41 miGrey Street, Bishop Auckland2
£57504/240.42 miNelson Street, Bishop Auckland, DL142
£55004/240.42 miNelson Street, Bishop Auckland, DL142
£48004/240.43 miNelson Street, Bishop Auckland2
£45012/230.44 mi-2
£58003/240.45 miDurham Street, Bishop Auckland2
£42510/230.46 mi-2
£55004/240.49 miStranton Street, Bishop Auckland2
£37504/240.52 miHillbeck Street, Bishop Auckland , DL14 6SF2
£47512/240.52 miHillbeck Street, County Durham, DL142
£52502/250.53 mi-2
£49503/240.54 miGibbon Street, Bishop Auckland, County Durham, DL142
£49510/240.54 mi-2
£65004/240.54 miGreat Gates, Bishop Auckland2

Local Area Statistics

Population in DL14

37,237

Population in Bishop Auckland

51,200

Town centre distance

0.69 miles away

Nearest school

0.20 miles away

Nearest train station

0.16 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+7%

Sales demand

Seller's market

Capital growth (5yrs)

-4%

Property History

Listed for £65,000

December 16, 2024

Sold for £40,055

2010

Description

  • TWO BEDROOM TERRACED HOUSE +
  • CLOSE TO TOWN CENTRE +
  • REFURBISHED THROUGHOUT +
  • MODERN KITCHEN AND BATHROOM +
  • IDEAL FOR FIRST TIME BUYERS/INVESTORS +
  • VIEWING ESSENTIAL +

Nestled on Craddock Street in the town of Bishop Auckland, Robinsons offer for sale this delightful house presents an excellent opportunity for those seeking a modern and convenient living space. With no onward chain, the property is ready for immediate occupation, allowing you to settle in without delay.

Having been refurbished throughout, this home boasts a fresh and contemporary feel, making it ideal for both first-time buyers and families alike. The newly fitted kitchen is a highlight, offering a stylish and functional space for culinary enthusiasts. Additionally, the modern bathroom provides a serene retreat, ensuring comfort and convenience for all residents.

Situated close to the town centre, you will find a wealth of amenities right at your doorstep. From shops and cafes to parks and schools, everything you need is within easy reach, enhancing the appeal of this location.

This property is not just a house; it is a place where you can create lasting memories. With its thoughtful renovations and prime location, it is a must-see for anyone looking to embrace a vibrant lifestyle in Bishop Auckland. Don’t miss the chance to make this lovely home your own.

Ground Floor -

Lounge - 4.34 x 3.94 (14'2" x 12'11") -

Kitchen - 3.94 x 2.91 (12'11" x 9'6") -

First Floor -

Landing -

Bedroom 1 - 3.92 x 3.65 (12'10" x 11'11") -

Bedroom 2 - 3.66 x 1.86 (12'0" x 6'1") -

Bathroom -

External -

Agents Notes - Electricity Supply: Mains
Water Supply: Mains
Sewerage: Mains
Heating: Gas
Broadband: Basic 15Mbps, Superfast 46Mbps , Ultrafast 9000 Mbps
Mobile Signal/Coverage: Average - good
Tenure: Freehold
Council Tax: Durham County Council, Band A- Approx. £1621 (min)
Energy Rating: D

Disclaimer: The preceding details have been sourced from the seller and OnTheMarket.com. Verification and clarification of this information, along with any further details concerning Material Information parts A, B & C, should be sought from a legal representative or appropriate authorities. Robinsons cannot accept liability for any information provided.

Agent Details

Robinsons, Bishop Auckland

01388 311499

Next Steps?

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