3 Bed Semi-Detached House, Refurb/BRRR, Bishop Auckland, DL14 6RR, £145,000

Watling Road, Bishop Auckland, County Durham, DL14 6RR - a month ago

Refurb/BRRR
Planning
ROI: 3%
~93 m²
+15 photos

ValuationOvervalued

Sold Prices£39.5K - £260K
Sold Prices/m²£449/m² - £3.6K/m²

 

 

Square Metres

~93 m²
Price/m²£1.6K/m²

Value Estimate

£128,596

 

 

End Value (After Refurb)

£134,750

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£36,250

Stamp Duty & Legal Fees

£5,550

Refurb Costs

£35,712

Bridging Loan Interest

£3,806

Total Cash In

£83,068

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£134,750

Mortgage (After Refinance)

£101,063

Mortgage LTV

75%

Cash Left In

£83,068

Equity

£33,688

Rent Range

£475 - £2,000

Rent Estimate

£776

Running Costs/mo

£596

Cashflow/mo

£180

Cashflow/yr

£2,156

ROI

3%

Gross Yield

6%

Local Sold Prices

50 sold prices from £39.5K to £260K, average is £129.5K. £449/m² to £3.6K/m², average is £1.5K/m².

PriceDateDistanceAddressBeds 
£120K01/210.04 mi107, Watling Road, Bishop Auckland, Durham DL14 6RR3
£150K02/230.04 mi89, Watling Road, Bishop Auckland, County Durham DL14 6RR3
£152K05/230.05 mi6, Brooklands, Bishop Auckland, County Durham DL14 6PW3
£100K05/210.07 mi8, Lime Grove, Bishop Auckland, County Durham DL14 6PR3
£137.5K12/200.08 mi18, Jenkins Drive, Bishop Auckland, Durham DL14 6XJ3
£180K12/220.09 mi17, Jenkins Drive, Bishop Auckland, County Durham DL14 6XJ3
£160K08/210.11 mi15, Shawbrow View, Bishop Auckland, County Durham DL14 6XH3
£179.9K11/220.12 mi17, Shawbrow View, Bishop Auckland, County Durham DL14 6XH3
£90K06/230.12 mi4, Aclet Close, Bishop Auckland, County Durham DL14 6PX3
£119K02/210.14 mi14, Aldhun Close, Bishop Auckland, Durham DL14 6XL3
£132K03/210.14 mi6, Aldhun Close, Bishop Auckland, Durham DL14 6XL3
£125K02/210.14 mi16, Aldhun Close, Bishop Auckland, County Durham DL14 6XL3
£70K10/200.14 mi13, Scott Road, Bishop Auckland, County Durham DL14 6PU3
£89K02/210.14 mi8, Scott Road, Bishop Auckland, Durham DL14 6PU3
£65K12/200.14 mi23, Scott Road, Bishop Auckland, County Durham DL14 6PU3
£215K11/200.18 mi2, Abbey Road, Bishop Auckland, County Durham DL14 6PN3
£50K04/230.18 mi48, Abbey Road, Bishop Auckland, County Durham DL14 6PN3
£130K12/220.23 mi24, Vart Road, Bishop Auckland, County Durham DL14 6PQ3
£57K03/210.26 mi141, Proudfoot Drive, Bishop Auckland, County Durham DL14 6PE3
£87.6K05/230.33 mi27, Woodhouse Lane, Bishop Auckland, County Durham DL14 6JX3
£88.5K01/210.34 mi35, St Andrews Road, Bishop Auckland, County Durham DL14 6RT3
£79K11/210.34 mi3, Wood Square, Bishop Auckland, County Durham DL14 6QQ3
£95K12/210.37 mi31, Walker Drive, Bishop Auckland, Durham DL14 6QW3
£79K11/200.4 mi106, Walker Drive, Bishop Auckland, County Durham DL14 6QN3
£60K12/200.4 mi4, Arthur Terrace, Bishop Auckland, County Durham DL14 6BL3
£57K02/210.41 mi36, Dere Avenue, Bishop Auckland, County Durham DL14 9SY3
£150K06/210.41 mi81, Woodhouse Lane, Bishop Auckland, County Durham DL14 6JU3
£225K09/210.41 mi65, Woodhouse Lane, Bishop Auckland, Durham DL14 6JU3
£75K02/230.44 mi38, Seymour Street, Bishop Auckland, County Durham DL14 6JD3
£75K02/230.45 mi35, Seymour Street, Bishop Auckland, County Durham DL14 6JD3
£81K04/230.46 mi5, Gudmunsen Avenue, Bishop Auckland, County Durham DL14 6RG3
£165K11/200.48 mi1, Lumley Grove, Bishop Auckland, County Durham DL14 6LH3
£190K01/230.48 mi21, High Melbourne Street, Bishop Auckland, County Durham DL14 6HP3
£161.5K12/200.5 mi14, St Cuthberts Way, Bishop Auckland, Durham DL14 6EQ3
£240K06/230.51 mi28, Walmer Avenue, Bishop Auckland, County Durham DL14 6NW3
£185K11/220.52 mi6, St Bedes Road, Bishop Auckland, County Durham DL14 6DN3
£39.5K07/230.53 mi7, Dent Street, Bishop Auckland, County Durham DL14 9SZ3
£208.5K06/210.54 mi10, Northumberland Avenue, Bishop Auckland, Durham DL14 6AW3
£120K10/210.55 mi8, Mcintyre Terrace, Bishop Auckland, County Durham DL14 6HW3
£60K12/200.55 mi3, Peases Row, Bishop Auckland, County Durham DL14 9TD3
£167.5K06/210.56 mi31, Northumberland Avenue, Bishop Auckland, Durham DL14 6LW3
£150K05/210.56 mi49, Northumberland Avenue, Bishop Auckland, Durham DL14 6LW3
£188K02/210.56 mi53, Northumberland Avenue, Bishop Auckland, County Durham DL14 6LW3
£192.5K07/210.56 mi16, Cleveland Avenue, Bishop Auckland, Durham DL14 6AR3
£90K11/210.57 mi31, Cockton Hill Road, Bishop Auckland, Durham DL14 6HS3
£260K03/210.58 mi28, Northumberland Avenue, Bishop Auckland, County Durham DL14 6NP3
£175K07/210.58 mi1, Brough Grove, Bishop Auckland, Durham DL14 6NE3
£139.9K12/200.58 mi63, Lambton Drive, Bishop Auckland, County Durham DL14 6LF3
£158K12/200.58 mi73, Lambton Drive, Bishop Auckland, Durham DL14 6LF3
£128.9K05/210.6 mi44, St Catherines Way, Bishop Auckland, County Durham DL14 6DE3

Local Rents

43 rents from £475/mo to £2K/mo, average is £650/mo.

RentDateDistanceAddressBeds 
£60012/240.19 mi-3
£69512/240.28 miDouthwaite Road, Bishop Auckland, DL14 6QP3
£55012/240.29 mi-3
£57504/240.48 miBell Street , Bishop Auckland 3
£65004/240.48 mi-3
£65004/240.48 miRavensworth Avenue, Bishop Auckland, DL143
£65004/240.48 miBell Street, Bishop Auckland, County Durham, DL143
£50002/240.52 mi-3
£50002/240.52 mi-3
£60004/240.52 mi-3
£90012/240.64 mi-3
£79509/230.67 mi-3
£79508/230.67 mi-3
£62503/250.69 mi-3
£62503/250.69 mi-3
£55003/240.71 miCraddock Street, Bishop Auckland, , DL14 6HA3
£50011/230.77 mi-3
£50009/240.77 mi-3
£60003/240.92 miSalisbury Place, Bishop Auckland, County Durham, DL143
£60012/240.94 mi-3
£52504/240.96 miMaude Terrace, St. Helen Auckland, Bishop Auckland, DL143
£57512/240.99 miDavid Terrace Coronation, Bishop Auckland3
£67503/241.03 miQueens Road, Bishop Auckland, DL143
£57504/241.06 miEast Parade, Bishop Auckland3
£60003/241.08 miOxford Terrace, Bishop Auckland, County Durham, DL143
£87504/241.09 miLaburnum Grove, St. Helen Auckland, Bishop Auckland, County Durham, DL143
£59509/241.14 mi-3
£86004/241.14 miFordham Court, Bishops Auckland, D143
£87503/241.14 miFordham Court, Bishops Auckland, D143
£91004/241.14 miFordham Court, Bishops Auckland, D143
£89504/241.15 miMarsh Way, Bishops Auckland, D143
£89504/241.15 miMarsh Way, Bishops Auckland, D143
£86004/241.15 miMarsh Way, Bishops Auckland, D143
£67504/241.15 miBradford Drive, Bishop Auckland3
£50004/241.16 miLime Terrace, Eldon Lane, Bishop Auckland, County Durham, DL143
£47512/241.16 miLime Terrace, Bishop Auckland, DL143
£90004/241.19 miBeckett Close, Bishop Auckland, DL143
£60003/241.21 miEdward Street, Bishop Auckland3
£1,60012/241.24 mi-3
£2,00012/241.24 mi-3
£1,50003/251.24 mi-3
£1,65003/251.24 mi-3
£1,60004/241.24 miWest Road, Bishop Auckland, DL143

Local Area Statistics

Population in DL14

37,237

Population in Bishop Auckland

51,200

Town centre distance

0.25 miles away

Nearest school

0.40 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 £145,000

February 21, 2025

Floor Plans

Description

  • Excellent opportunity for improvement +
  • Semi Detached home +
  • Three bedrooms +
  • Off Street Parking +
  • Family Friendly Garden +
  • Close to Schools and Bishop Auckland General Hospital +

This traditional semi-detached house is available for sale with the added bonus of no onward chain. The property requires modernisation, however it has previously been extended, and it offers scope to improve further.

The accommodation comprises of an entrance hallway with the stairs rising to the first floor and a store cupboard underneath, the L shaped kitchen is located at the rear and features two windows providing ample natural light. The main living accommodation comprises of a living room with feature bay window and fire place separated from the extended dining room by glass sliding doors.

On the first floor there are three bedrooms along with the house bathroom/wc

Externally, there is off street parking along with gardens to the front and rear that are mostly laid to lawn

Watling road is a very popular location in terms of proximity to both the town centre, general hospital, local schools, Tindale Retail park and transport links via the A688.

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 – C
Tenure – freehold - The property is currently unregistered with the land registry however the deeds have been sighted

PART B
Property Type – Semi Detached
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 gas fired boiler with radiators and two electric fires
Estimated Mobile phone coverage – Please refer to the Ofcom Website -

Estimated Broadband Download speeds – please refer to the Ofcom Website –
Parking: Off 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 – Covenants apply – A list is available to inspect
Rights & Easements- None
Flood risk – High surface water risk
Coastal Erosion - NA
Protected Trees – NO
Conservation area – No
Planning Permission – No
Accessibility – The property has not been altered for accessibility
Mining Area – Located close to historical mine workings
Selective License Area – Yes
This property is affected by probate - please contact the office for further information.

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.

This property is affected by probate

Agent Details

J W Wood, Bishop Auckland

01388 311003

Next Steps?

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