3 Bed Terraced House, Single Let, Bishop Auckland, DL14 9QQ, £80,000

Victoria Street, Evenwood, Bishop Auckland, Durham, DL14 9QQ - 3 views - 2 months ago

Sold STC
BTL
ROI: 6%
~93 m²
+8 photos

ValuationUndervalued

Sold Prices£58K - £235K
Sold Prices/m²£620/m² - £3.5K/m²

 

 

Square Metres

~93 m²
Price/m²£860/m²

Value Estimate

£97,600
BMV22%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£20,000

Stamp Duty & Legal Fees

£3,600

Total Cash In

£23,600

 

 

Cash Out

 

Rent Range

£400 - £1,200

Rent Estimate

£495

Running Costs/mo

£369

Cashflow/mo

£126

Cashflow/yr

£1,512

ROI

6%

Gross Yield

7%

Local Sold Prices

30 sold prices from £58K to £235K, average is £101.8K. £620/m² to £3.5K/m², average is £1.4K/m².

PriceDateDistanceAddressBeds 
£80K11/200.05 mi13, West View, Evenwood, Bishop Auckland, Durham DL14 9QH3
£80K12/200.06 mi2, Farncombe Terrace, Evenwood, Bishop Auckland, County Durham DL14 9QW3
£105K11/210.15 mi1, Jubilee Terrace, Evenwood, Bishop Auckland, Durham DL14 9QE3
£58K02/230.17 mi12, Alpine Terrace, Evenwood, Bishop Auckland, County Durham DL14 9QT3
£122.5K08/230.22 mi16, Lynas Place, Evenwood, Bishop Auckland, County Durham DL14 9RF3
£113.5K04/210.22 mi6, Lynas Place, Evenwood, Bishop Auckland, County Durham DL14 9RF3
£80K12/220.33 mi45, Shirley Close, Evenwood, Bishop Auckland, County Durham DL14 9RQ3
£98.5K06/230.43 mi73, Newholme Crescent, Evenwood, Bishop Auckland, County Durham DL14 9RZ3
£117.5K03/210.43 mi48, Newholme Crescent, Evenwood, Bishop Auckland, County Durham DL14 9RZ3
£64K02/210.47 mi40, Swan Street, Evenwood, Bishop Auckland, County Durham DL14 9RN3
£78.5K02/210.47 mi32, Swan Street, Evenwood, Bishop Auckland, County Durham DL14 9RN3
£96K05/210.65 mi2, Oaks Bank, Evenwood, Bishop Auckland, Durham DL14 9SD3
£235K01/210.86 mi52, Gordon Lane, Ramshaw, Bishop Auckland, Durham DL14 0NL3
£93K11/211.33 mi4, Dickenson Road, West Auckland, Bishop Auckland, Durham DL14 9JW3
£136.5K01/211.37 mi92, Copeland Road, West Auckland, Bishop Auckland, County Durham DL14 9JN3
£93K02/231.41 mi8, Simpson Road, West Auckland, Bishop Auckland, County Durham DL14 9JP3
£95K06/211.47 mi19, Windermere Drive, West Auckland, Bishop Auckland, County Durham DL14 9LF3
£125K11/201.47 mi45, Windermere Drive, West Auckland, Bishop Auckland, County Durham DL14 9LF3
£145K02/231.52 mi7, Derwent Avenue, West Auckland, Bishop Auckland, County Durham DL14 9LH3
£126.5K03/211.56 mi3, Windermere Drive, West Auckland, Bishop Auckland, County Durham DL14 9LE3
£188.5K05/211.56 mi16, Windermere Drive, West Auckland, Bishop Auckland, Durham DL14 9LE3
£87.5K12/201.58 mi45, Staindrop Road, West Auckland, Bishop Auckland, Durham DL14 9JU3
£140K10/211.58 mi10, Buttermere Grove, West Auckland, Bishop Auckland, County Durham DL14 9LG3
£122.5K04/211.76 mi20, Oakley Manor, West Auckland, Bishop Auckland, County Durham DL14 9AQ3
£168K01/231.85 mi17, Staindrop Road, Cockfield, Bishop Auckland, County Durham DL13 5DG3
£115K09/221.87 mi45, The Fallows, Cockfield, Bishop Auckland, County Durham DL13 5DE3
£140K07/211.92 mi35, South Road, High Etherley, Bishop Auckland, County Durham DL14 0LF3
£64K08/211.97 mi3, Millbank Close, West Auckland, Bishop Auckland, Durham DL14 9HN3
£82K12/221.98 mi15, Oxford Terrace, Cockfield, Bishop Auckland, County Durham DL13 5DU3
£72K06/212 mi1, Model Terrace, Cockfield, Bishop Auckland, County Durham DL13 5DX3

Local Rents

38 rents from £400/mo to £1.2K/mo, average is £550/mo.

RentDateDistanceAddressBeds 
£49502/240.05 mi-2
£49502/240.05 mi-2
£45010/230.18 mi-2
£49502/240.18 mi-3
£55003/240.23 miWellgarth Evenwood Bishop Auckland, Bishop Auckland3
£49512/240.23 miChapel Street, Evenwood, Bishop Auckland3
£60012/230.47 mi-2
£55004/240.47 miOsborne Terrace, Evenwood, Bishop Auckland, County Durham, DL142
£52503/240.49 miMaud Terrace, Evenwood, Bishop Auckland, Durham, DL14 9RU2
£60004/240.49 miSwan Street, Evenwood,3
£55011/230.51 mi-2
£55001/240.51 mi-2
£62010/230.52 mi-2
£59009/240.52 mi-2
£40006/230.52 mi-2
£49509/241.16 mi-2
£85003/251.56 mi-3
£1,20004/241.61 miStaindrop Road, West Auckland3
£55009/231.77 mi-2
£95003/251.83 mi-3
£47503/241.88 miThe Nursery, West Auckland, Bishop Auckland, Co Durham., DL142
£69503/251.92 mi-3
£85004/241.97 miProspect Square, Cockfield, Bishop Auckland3
£50004/232 mi-2
£69504/242 miSouth Road, High Etherley2
£65004/242.01 miNorthbridge Park, St Helen Auckland 3
£60008/242.04 mi-2
£57503/242.04 miRiver Walk, West Auckland3
£57504/242.04 miRiver Walk, West Auckland3
£65004/242.06 miOakley Green, West Auckland, Bishop Auckland, County Durham, DL143
£52504/242.13 mi-3
£52504/242.13 mi-3
£52504/242.13 mi-3
£52503/242.13 miYork Terrace, Cockfield, Bishop Auckland2
£55012/242.25 mi-3
£55001/252.25 mi-3
£55012/232.37 mi-3
£72503/242.39 miWalton Crescent, St. Helen Auckland, Bishop Auckland, County Durham, DL143

Local Area Statistics

Population in DL14

37,237

Population in Bishop Auckland

51,200

Town centre distance

3.55 miles away

Nearest school

0.30 miles away

Nearest train station

4.25 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+7%

Sales demand

Seller's market

Capital growth (5yrs)

-4%

Property History

Listed for £80,000

January 30, 2025

Floor Plans

Description

Victoria Street is ideally located in the charming village of Evenwood, just a short distance from an array of local amenities, including shops, leisure facilities, and schools, making it a convenient choice for families and individuals alike.

This substantial, extended mid-terrace home is an exceptional opportunity for both first-time buyers looking to establish themselves in a welcoming community and savvy investors seeking a promising property. The home has been meticulously maintained, showcasing features such as gas central heating and double glazing throughout, ensuring safety, comfort, and energy efficiency.

The accommodation boasts a classic terraced layout that enhances the sense of space and functionality. Upon entering, you are greeted by a central hallway that provides access to the generously proportioned living room and adjoining dining room. The living room is designed to exude warmth and brightness, accentuated by its high ceilings and large windows that flood the space with natural light, creating an inviting atmosphere perfect for relaxation or entertaining guests.

The dining room is equally spacious, offering ample room for a family dining table, making it ideal for gatherings and meals. It also features a sizeable understairs storage cupboard, providing convenient space for keeping household items out of sight. The kitchen, located at the rear of the property, is well-appointed and features an impressive range of modern floor, drawer, and wall-mounted units. These are complemented by wooden effect worktops and stylish tiled splashbacks. The kitchen includes integrated appliances such as an electric oven, grill, and hob, alongside a practical chimney-style extractor hood to keep the space fresh. Additional amenities include a stainless steel sink with taps and drainer, as well as plumbing for a washing machine, making meal prep and cleaning effortless. Access from the kitchen leads directly to a private rear yard, perfect for enjoying outdoor meals or gardening.

Ascending to the first floor, the central landing opens up to two well-sized double bedrooms, both offering a peaceful retreat for rest and relaxation. One of the bedrooms includes fitted storage, adding convenience and maximizing space. A practical third bedroom provides flexibility, ideal as a child's room, guest room, or a home office. Completing this level is a three-piece family bathroom, equipped with modern fixtures and an over-the-bath shower, ensuring functionality for everyday use.

Outside, you will find a low-maintenance enclosed rear yard, providing a private outdoor space perfect for enjoying fresh air. The yard features gated access to the service alley, ensuring easy entry and exit for any outdoor activities.

This home truly offers a perfect blend of comfort, practicality, and modern conveniences, making it an opportunity not to be missed by those looking to invest in a vibrant community or start their homeownership journey!

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 💪