2 Bed Terraced House, Refurb/BRRR, Bishop Auckland, DL14 8PW, £50,000





ValuationOvervalued
Sold Prices | £23.5K - £290K |
Sold Prices/m² | £283/m² - £3.8K/m² |
| |
Square Metres | ~68.11 m² |
Price/m² | £734/m² |
Value Estimate | £46,435£46,435 |
| |
End Value (After Refurb) | £73,862£73,862 |
Uplift in Value | +34%+34% |
Investment Opportunity
Cash In | |
Purchase Finance | Bridging LoanBridging Loan |
Deposit (25%) | £12,500£12,500 |
Stamp Duty & Legal Fees | £2,850£2,850 |
Refurb Costs | £26,155£26,155 |
Bridging Loan Interest | £1,313£1,313 |
Total Cash In | £44,567£44,567 |
| |
Cash Out | |
Monetisation | FlipRefinance & RentRefinance & Rent |
Revaluation | £73,862£73,862 |
Mortgage (After Refinance) | £55,397£55,397 |
Mortgage LTV | 75%75% |
Cash Released | £17,897£17,897 |
Cash Left In | £26,670£26,670 |
Equity | £18,466£18,466 |
Rent Range | £375 - £575£375 - £575 |
Rent Estimate | £488 |
Running Costs/mo | £348£348 |
Cashflow/mo | £140£140 |
Cashflow/yr | £1,675£1,675 |
ROI | 4%4% |
Gross Yield | 12%12% |
Local Sold Prices
51 sold prices from £23.5K to £290K, average is £62.5K. £283/m² to £3.8K/m², average is £724/m².
Price | Date | Distance | Address | Price/m² | m² | Beds | Type | |
£28K | 05/21 | 0.03 mi | 6, Gurlish West, Coundon, Bishop Auckland, Durham DL14 8PN | £283 | 99 | 2 | Terraced House | |
£36K | 01/21 | 0.03 mi | 22, Gurlish West, Coundon, Bishop Auckland, County Durham DL14 8PN | £493 | 73 | 2 | Terraced House | |
£70K | 02/21 | 0.26 mi | 30, Wharton Street, Coundon, Bishop Auckland, County Durham DL14 8PB | £959 | 73 | 2 | Terraced House | |
£43K | 12/21 | 0.26 mi | 41, Wharton Street, Coundon, Bishop Auckland, Durham DL14 8PB | £614 | 70 | 2 | Terraced House | |
£73K | 04/23 | 0.26 mi | 79, Wharton Street, Coundon, Bishop Auckland, County Durham DL14 8PB | - | - | 2 | Terraced House | |
£145.9K | 12/22 | 0.27 mi | 12, Brinsley Court, Coundon, Bishop Auckland, County Durham DL14 8LQ | £2,085 | 70 | 2 | Detached House | |
£125K | 03/21 | 0.27 mi | 12, Brinsley Court, Coundon, Bishop Auckland, Durham DL14 8LQ | £1,786 | 70 | 2 | Detached House | |
£31.5K | 11/20 | 0.35 mi | 7, Hillside Road, Coundon, Bishop Auckland, Durham DL14 8LS | £409 | 77 | 2 | Semi-Detached House | |
£30.5K | 01/21 | 0.38 mi | 2, Greenwells Garth, Coundon, Bishop Auckland, County Durham DL14 8LR | - | - | 2 | Terraced House | |
£65K | 04/23 | 0.39 mi | 51, Collingwood Street, Coundon, Bishop Auckland, County Durham DL14 8LH | - | - | 2 | Terraced House | |
£66.5K | 06/23 | 0.41 mi | 8, Clyde Terrace, Coundon, Bishop Auckland, County Durham DL14 8NJ | - | - | 2 | Terraced House | |
£23.5K | 01/21 | 0.41 mi | 24, Howlish View, Coundon, Bishop Auckland, Durham DL14 8ND | £318 | 74 | 2 | Terraced House | |
£68K | 11/21 | 0.48 mi | 56, Leeholme Road, Leeholme, Bishop Auckland, County Durham DL14 8HJ | £810 | 84 | 2 | Terraced House | |
£60K | 06/23 | 0.5 mi | 110, Collingwood Street, Coundon, Bishop Auckland, County Durham DL14 8LL | - | - | 2 | Terraced House | |
£58K | 06/23 | 0.53 mi | 10, Mendip Walk, Coundon, Bishop Auckland, County Durham DL14 8JY | - | - | 2 | Terraced House | |
£66K | 03/21 | 0.54 mi | 7, Grange View, Coundon Gate, Bishop Auckland, County Durham DL14 8QJ | £733 | 90 | 2 | Terraced House | |
£55K | 08/21 | 0.57 mi | 1, Kent Street, Leeholme, Bishop Auckland, Durham DL14 8HS | £724 | 76 | 2 | Terraced House | |
£55K | 08/21 | 0.57 mi | 1, Kent Street, Leeholme, Bishop Auckland, Durham DL14 8HS | £724 | 76 | 2 | Terraced House | |
£42.5K | 03/21 | 0.58 mi | 14, Kent Street, Leeholme, Bishop Auckland, County Durham DL14 8HS | £559 | 76 | 2 | Terraced House | |
£60K | 02/23 | 0.66 mi | 55, Leeholme Road, Leeholme, Bishop Auckland, County Durham DL14 8HL | £652 | 92 | 2 | Terraced House | |
£177K | 04/21 | 1.2 mi | 19, Westcott Drive, Auckland Park, Bishop Auckland, County Durham DL14 8SG | £2,637 | 67 | 2 | Detached House | |
£108K | 05/21 | 1.24 mi | 7, Brockwell Court, Coundon Grange, Bishop Auckland, County Durham DL14 8XH | - | - | 2 | Semi-Detached House | |
£108K | 05/21 | 1.24 mi | 7, Brockwell Court, Coundon Grange, Bishop Auckland, County Durham DL14 8XH | - | - | 2 | Semi-Detached House | |
£108K | 05/21 | 1.24 mi | 7, Brockwell Court, Coundon Grange, Bishop Auckland, County Durham DL14 8XH | - | - | 2 | Semi-Detached House | |
£31K | 08/21 | 1.39 mi | 10, Edward Street, Eldon Lane, Bishop Auckland, Durham DL14 8TN | £425 | 73 | 2 | Terraced House | |
£69K | 08/21 | 1.4 mi | 25, Queens Road, Bishop Auckland, County Durham DL14 7LX | £863 | 80 | 2 | Terraced House | |
£65K | 06/23 | 1.44 mi | 5, Office Row, Eldon, Bishop Auckland, County Durham DL14 8XA | - | - | 2 | Terraced House | |
£27.5K | 04/21 | 1.44 mi | 15, Oxford Street, Eldon Lane, Bishop Auckland, County Durham DL14 8SY | £444 | 62 | 2 | Terraced House | |
£30K | 02/23 | 1.45 mi | 19, South Row, Eldon, Bishop Auckland, County Durham DL14 8UT | £360 | 83 | 2 | Terraced House | |
£290K | 05/23 | 1.47 mi | 14, Whitworth Meadows, Spennymoor, County Durham DL16 7BH | £3,766 | 77 | 2 | Detached House | |
£85K | 03/23 | 1.47 mi | 8, South Church Road, Bishop Auckland, County Durham DL14 7JY | £538 | 158 | 2 | Terraced House | |
£50K | 05/23 | 1.48 mi | 3, Railway Houses, Eldon Lane, Bishop Auckland, County Durham DL14 8TB | £806 | 62 | 2 | Terraced House | |
£52K | 02/23 | 1.51 mi | 15, Pasture Row, Eldon, Bishop Auckland, County Durham DL14 8UZ | £765 | 68 | 2 | Terraced House | |
£45K | 07/23 | 1.51 mi | 9, Pasture Row, Eldon, Bishop Auckland, County Durham DL14 8UZ | £689 | 65 | 2 | Terraced House | |
£45K | 06/23 | 1.52 mi | 2, Dixon Street, Bishop Auckland, County Durham DL14 6DW | £900 | 50 | 2 | Terraced House | |
£48K | 02/21 | 1.53 mi | 6, Hillbeck Street, Bishop Auckland, County Durham DL14 6SF | £667 | 72 | 2 | Terraced House | |
£66K | 11/22 | 1.53 mi | 7, Rosemount Court, Bishop Auckland, County Durham DL14 6XN | £1,375 | 48 | 2 | Detached House | |
£38K | 08/21 | 1.54 mi | 18, Sun Street, Bishop Auckland, County Durham DL14 6DP | - | - | 2 | Terraced House | |
£62.5K | 06/23 | 1.55 mi | 4, James Terrace, Coronation, Bishop Auckland, County Durham DL14 8SH | - | - | 2 | Terraced House | |
£78.5K | 07/21 | 1.55 mi | 2, Wear Chare, Bishop Auckland, County Durham DL14 7QQ | £1,154 | 68 | 2 | Semi-Detached House | |
£63K | 04/21 | 1.56 mi | 12, David Terrace, Coronation, Bishop Auckland, Durham DL14 8SJ | - | - | 2 | Terraced House | |
£72K | 02/23 | 1.57 mi | 6, Sun Street, Bishop Auckland, County Durham DL14 6DP | - | - | 2 | Terraced House | |
£178K | 08/21 | 1.58 mi | 61, South View, Spennymoor, Durham DL16 7AJ | - | - | 2 | Semi-Detached House | |
£90K | 03/23 | 1.59 mi | 38, St Andrews Road, Bishop Auckland, County Durham DL14 6RY | £1,429 | 63 | 2 | Terraced House | |
£90K | 03/23 | 1.59 mi | 3, Oakdene Terrace, Spennymoor, County Durham DL16 7BA | £1,034 | 87 | 2 | Terraced House | |
£180K | 02/23 | 1.61 mi | 70, St Andrews Road, Bishop Auckland, County Durham DL14 6RY | - | - | 2 | Semi-Detached House | |
£105K | 11/22 | 1.61 mi | 9, Eden Terrace, Kirk Merrington, Spennymoor, County Durham DL16 7JP | £1,167 | 90 | 2 | Semi-Detached House | |
£60K | 07/21 | 1.62 mi | 44, Durham Street, Middlestone Moor, Spennymoor, Durham DL16 7AT | £674 | 89 | 2 | Terraced House | |
£55.3K | 04/21 | 1.63 mi | 1, Oak Terrace, Bishop Auckland, County Durham DL14 6ES | £658 | 84 | 2 | Terraced House | |
£55.3K | 04/21 | 1.63 mi | 1, Oak Terrace, Bishop Auckland, County Durham DL14 6ES | £658 | 84 | 2 | Terraced House | |
£55.3K | 04/21 | 1.63 mi | 1, Oak Terrace, Bishop Auckland, County Durham DL14 6ES | £658 | 84 | 2 | Terraced House |
Local Rents
24 rents from £375/mo to £575/mo, average is £520/mo.
Rent | Date | Distance | Address | Beds | Type | |
£550 | 12/24 | 0.02 mi | - | 2 | Terraced House | |
£500 | 06/24 | 0.02 mi | - | 2 | Terraced House | |
£500 | 12/24 | 0.04 mi | - | 2 | Terraced House | |
£500 | 12/24 | 0.04 mi | - | 2 | Terraced House | |
£565 | 10/23 | 0.07 mi | - | 2 | Terraced House | |
£575 | 01/24 | 0.07 mi | - | 2 | Terraced House | |
£540 | 04/24 | 0.07 mi | - | 2 | Terraced House | |
£540 | 12/24 | 0.07 mi | - | 2 | Terraced House | |
£540 | 12/24 | 0.07 mi | - | 2 | Terraced House | |
£540 | 12/24 | 0.07 mi | - | 2 | Terraced House | |
£550 | 04/24 | 0.26 mi | Wharton Street, Bishop Auckland | 2 | Terraced House | |
£450 | 04/24 | 0.36 mi | South View, Coundon, Bishop Auckland | 2 | House | |
£450 | 08/24 | 0.37 mi | - | 2 | Terraced House | |
£420 | 04/24 | 0.39 mi | Collingwood Street, Coundon, Bishop Auckland | 2 | Terraced House | |
£500 | 12/24 | 0.39 mi | - | 2 | Terraced House | |
£540 | 03/25 | 0.39 mi | - | 2 | Terraced House | |
£540 | 03/25 | 0.39 mi | - | 2 | Terraced House | |
£540 | 06/24 | 0.4 mi | - | 2 | Terraced House | |
£540 | 06/24 | 0.4 mi | - | 2 | Terraced House | |
£375 | 03/24 | 0.4 mi | - | 2 | Terraced House | |
£375 | 07/24 | 0.4 mi | - | 2 | Terraced House | |
£385 | 03/25 | 0.44 mi | - | 2 | Terraced House | |
£385 | 02/25 | 0.44 mi | - | 2 | Terraced House | |
£425 | 03/24 | 0.5 mi | Cleveland View, Coundon, Bishop Auckland, DL14 8NE | 2 | Terraced House |
Local Area Statistics
Population in DL14 | 37,23737,237 |
Population in Bishop Auckland | 51,20051,200 |
Town centre distance | 2.31 miles away2.31 miles away |
Nearest school | 0.40 miles away0.40 miles away |
Nearest train station | 1.73 miles away1.73 miles away |
| |
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
Price changed to £50,000
March 20, 2025
Listed for £55,000
February 18, 2025
Floor Plans

Description
- Council Tax band A, Freehold +
- Spacious Living Room +
- Fitted Kitchen +
- Two Bedrooms +
- Bathroom +
- Off Road Parking +
- Viewing Advised +
- CASH BUYERS ONLY +
- In Need of Refurbishment +
CASH BUYERS ONLY This two-bedroom end-terraced home in Coundon features a fitted kitchen and off-road parking to the side. It’s an ideal opportunity for those looking to add their personal touch or take on a renovation project.
This end of terraced home available to Cash Buyers Only is located in Coundon with close proximity to a range of amenities, schools, shopping facilities, food/drink establishments and more. The area also offers excellent road and transport links for travel both locally and further afield.
The accommodation briefly comprises, a spacious living room and a kitchen.
To the first floor is an inviting landing area through to two well-proportioned bedrooms and a bathroom
Externally, the property benefits from off-road parking is available to the side.
This home is an excellent find. We anticipate a high amount of interest and as such we would recommend that any interested buyers inquire to arrange a viewing at the earliest convenience to ensure the opportunity is not missed.
Premium Fast Sale
The innovative Premium Fast Sale Plus method from Springbok Properties is a secure and straightforward way to buy property. It works like a typical sale, with a number of added benefits to the buyer.
Benefits
o Carefully implemented security measures
o A speedy process
o Realistically priced properties
o A Buy it Now option (ask for further information on this feature from our advisors)
o A significantly reduced chance of fall-throughs
o No risk of being "gazumped"
o The full focus of our highly motivated team
Springbok Properties' Premium Fast Sale Plus puts you in the driving seat thanks to our fast and secure methods.
All properties are competitively priced and carefully managed by motivated sellers for a quick, stress-free transaction.
Deposit
Sales can be secured with a reservation deposit of £2,500. This forms part of the final purchase price and is NOT an extra cost.
This deposit ensures that the property is taken off the market as soon as a sale is agreed. It is then exclusively reserved for you, eliminating gazumping, time wasting and financial loss.
An administration fee of £396 is required in order to draw up an exclusive legally binding contract between the buyer and seller. This gives the buyer exclusive rights to purchase within a pre-agreed timeframe.
Exclusivity
Following the payment of the above amount, Springbok Properties will facilitate a fixed exclusivity period (approximately 12 weeks). During this time, surveys should be arranged and preparations made for the exchange of contracts. The property will be reserved, so there will be no risk of gazumping.
Process
Our Premium Fast Sale Plus follows the below process:
STEP 1 - Register your interest
STEP 2 - Prepare your finances for the purchase
STEP 3 - Arrange a viewing
STEP 4 - Make an offer
STEP 5 - Secure your sale using our secure system
STEP 6 - Exchange and complete
Don't miss out on the chance to purchase this property. Call us today for further information and to arrange a viewing.
If you're interested in this property, we urge you to contact us immediately to arrange an early viewing and get the process started. This will help you to avoid missing out on this opportunity.
Springbok Properties' innovative Premium Fast Sale Plus is a secure and straightforward way to buy property.
Please note: to ensure the highest level of customer service, all calls may be recorded and monitored for training and quality purposes.
Please call us now to book an appointment.
We highly recommend early viewing as this property is priced relatively low and is likely to generate quite an interest.
Please call us now to book an appointment.
Call Recording
Please note to ensure the highest level of customer service, all calls may be recorded and monitored for training and quality purposes.
Disclaimer
Springbok Properties for itself and the Vendors or lessors of properties for whom they act give notice that:
The details shown on this website are a general outline for the guidance of intending purchasers, and do not constitute, nor constitute part of, an offer or contract or sales particulars. All descriptions, dimensions, references to condition and other details are given in good faith and are believed to be correct but any intending purchasers should not rely on them as statements or representations of fact but must satisfy themselves by inspection, searches, survey, enquiries or otherwise as to their correctness. We have not been able to test any of the building service installations and recommend that prospective purchasers arrange for a qualified person to check them before entering into any commitment. Further, any reference to, or use of any part of the properties is not a statement that any necessary planning, building regulations or other consent has been obtained. All photographs shown are indicative and cannot be guaranteed to represent the complete interior scheme or items included in the sale. No person in our employment has any authority to make or give any representation or warranty whatsoever in relation to this property.
TENURE
To be confirmed by the Vendor's Solicitors
Note
The price given is a marketing price and not an indication of the property's market value. The vendor like any seller is looking to achieve the maximum price possible. Hence, by making an enquiry on this property, you recognise and understand that this property is strictly offers in excess of the marketing price provided.
How to View this Property
Viewing is strictly by appointment please call us now for bookings.
AML REGULATIONS & PROOF OF FUNDING: Any proposed purchasers will be asked to provide identification and proof of funding before any offer is accepted. We would appreciate your co-operation with this to ensure there are no delays in agreeing the sale.