2 Bed Terraced House, Refurb/BRRR, Bishop Auckland, DL14 6QP, £49,995

Douthwaite Road, Bishop Auckland, County Durham, DL14 6QP - 3 views - 2 months ago

Sold STC
Refurb/BRRR
Planning
ROI: 3%
~68 m²
+6 photos

ValuationFair Value











Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£12,499

Stamp Duty & Legal Fees

£2,700

Refurb Costs

£26,155

Bridging Loan Interest

£1,312

Total Cash In

£44,416

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£92,158

Mortgage (After Refinance)

£69,118

Mortgage LTV

75%

Cash Released

£31,622

Cash Left In

£12,794

Equity

£23,039

Rent Range

£450 - £600

Rent Estimate

£544

Running Costs/mo

£417

Cashflow/mo

£127

Cashflow/yr

£1,526

ROI

3%

Gross Yield

13%













Local Rents

18 rents from £450/mo to £600/mo, average is £563/mo.

RentDateDistanceAddressBeds 
£59504/240.34 miDere Avenue, Bishop Auckland 2
£47502/250.37 mi-2
£45012/240.37 miCambridge Court, Tindale Crescent, Bishop Auckland, DL14 9SR2
£57504/240.39 miHelena Terrace, Bishop Auckland, County Durham2
£55001/240.4 mi-2
£57504/240.4 miHelena Terrace, Bishop Auckland, County Durham, DL142
£55008/240.42 mi-2
£50002/240.42 mi-2
£57504/240.42 miTindale Crescent, St Helen Auckland, Bishop Auckland2
£57503/250.44 mi-2
£49510/230.45 mi-2
£54510/240.45 mi-2
£57504/240.45 miBoddy Street, Tindale Crescent, Bishop Auckland2
£57512/240.46 miCroxdale Grove, Bishop Auckland, DL14 0SB2
£48003/250.49 mi-2
£57504/240.5 miKensington Heights, Bishop Auckland, Bishop Auckland, DL14 2
£50012/240.57 miArran Court, Bishop Auckland2
£60003/240.6 miHigh Melbourne Street, Bishop Auckland2

Local Area Statistics

Population in DL14

37,237

Population in Bishop Auckland

51,200

Town centre distance

0.07 miles away

Nearest school

0.20 miles away

Nearest train station

0.82 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+7%

Sales demand

Seller's market

Capital growth (5yrs)

-4%

Property History

Listed for £49,995

February 12, 2025

Floor Plans

Description

  • In need of modernisation +
  • Two Double Bedrooms +
  • Garden +
  • Potential for off street parking subject to permissions +
  • Close to Local Schools +
  • Gas Central heating +

Offered to the market with no onward chain, this mid terraced house would make a great investment or first time. It does require modernisation, and work has started however it requires completion.

Accommodation comprises of entrance porch, living room/dining room with patio doors into the garden. The kitchen is located at the rear of the property and features some units.

On the first floor there are two generous bedrooms and a bathroom/wc. Externally the property has front and back gardens - to the front is a concrete area that with certain permission, has the potential for off street parking, whilst to the rear there is a garden with two out buildings that once renovated, could provide storage.

Douthwaite road is located close to Bishop Auckland town centre, the local schools and the retail park at Tindale where a large selection of shops and facilities can be found.

MATERIAL INFORMATION:

In compliance with the Consumer Protection from Unfair Trading Regulations 2008 and National Trading Standards Estate and Letting Agency Team’s Material information in property listings Guidance

PART A
Local Authority – Durham County Council
Council Tax Band – A
Asking Price – £49,995
Tenure – Freehold

PART B
Property Type – Mid Terrace
Property Construction – Standard
Number & Types of Rooms – Please refer to the details and floorplan, all measurements taken being the maximum dimensions available between internal walls
Electricity supply – Mains
Water Supply - Mains
Sewerage – Mains
Heating - Mains
Estimated Mobile phone coverage – Please refer to the Ofcom Website -

Estimated Broadband Download speeds – please refer to the Ofcom Website –
Parking: on street

PART C
Building Safety – The Vendor is not aware of any Building Safety issues. However, we would recommend that the purchaser engages the services of a chartered surveyor to confirm
Restrictions - Historic restrictive covenants apply - a list is available for inspection
Rights & Easements- Historic rights and easements apply
Flood risk – Low
Coastal Erosion - NA
Protected Trees – NA
Conservation area – NA
Planning Permission – NA
Accessibility – The property has not been altered for accessibility
Mining Area – Historical mining area
Selective License Area – no

No other Material Information disclosures have been made by the vendor. This information has been compiled in good faith using resources readily available online and by enquiry of the vendor prior to marketing. However, such information could change after compilation of the data, so J W Wood cannot be held liable for any changes post compilation or any accidental errors or omissions.
Furthermore, J W Wood are not legally qualified and conveyancing documents are often complicated, necessitating judgement on our part about which parts are “Material Information” to be disclosed. If any information provided, or other matter relating to the property, is of particular importance to you, please do seek verification from a legal advisor before committing to expenditure.

Agent Details

J W Wood, Bishop Auckland

01388 311003

Next Steps?

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