3 Bed Semi-Detached House, Refurb/BRRR, Bishop Auckland, DL14 6RZ, £160,000

Clifford Avenue, Bishop Auckland, Durham, DL14 6RZ - a month ago

Refurb/BRRR
~93 m²
+4 photos

ValuationOvervalued

Sold Prices£42.5K - £260K
Sold Prices/m²£476/m² - £3.6K/m²

 

 

Square Metres

~93 m²
Price/m²£1.7K/m²

Value Estimate

£134,333

 

 

End Value (After Refurb)

£150,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£40,000

Stamp Duty & Legal Fees

£6,000

Refurb Costs

£35,712

Bridging Loan Interest

£4,200

Total Cash In

£87,662

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£150,000

Mortgage (After Refinance)

£112,500

Mortgage LTV

75%

Cash Left In

£87,662

Equity

£37,500

Rent Range

£500 - £900

Rent Estimate

£647

Running Costs/mo

£618

Cashflow/mo

£29

Cashflow/yr

£346

ROI

0%

Gross Yield

5%

Local Sold Prices

50 sold prices from £42.5K to £260K, average is £150K. £476/m² to £3.6K/m², average is £1.5K/m².

PriceDateDistanceAddressBeds 
£88.5K01/210.06 mi35, St Andrews Road, Bishop Auckland, County Durham DL14 6RT3
£87.6K05/230.14 mi27, Woodhouse Lane, Bishop Auckland, County Durham DL14 6JX3
£75K02/230.16 mi38, Seymour Street, Bishop Auckland, County Durham DL14 6JD3
£75K02/230.16 mi35, Seymour Street, Bishop Auckland, County Durham DL14 6JD3
£60K12/200.16 mi4, Arthur Terrace, Bishop Auckland, County Durham DL14 6BL3
£190K01/230.19 mi21, High Melbourne Street, Bishop Auckland, County Durham DL14 6HP3
£130K12/220.21 mi24, Vart Road, Bishop Auckland, County Durham DL14 6PQ3
£161.5K12/200.23 mi14, St Cuthberts Way, Bishop Auckland, Durham DL14 6EQ3
£119K02/210.24 mi14, Aldhun Close, Bishop Auckland, Durham DL14 6XL3
£132K03/210.24 mi6, Aldhun Close, Bishop Auckland, Durham DL14 6XL3
£125K02/210.24 mi16, Aldhun Close, Bishop Auckland, County Durham DL14 6XL3
£137.5K12/200.24 mi18, Jenkins Drive, Bishop Auckland, Durham DL14 6XJ3
£150K02/230.25 mi89, Watling Road, Bishop Auckland, County Durham DL14 6RR3
£120K10/210.26 mi8, Mcintyre Terrace, Bishop Auckland, County Durham DL14 6HW3
£185K11/220.26 mi6, St Bedes Road, Bishop Auckland, County Durham DL14 6DN3
£215K11/200.27 mi2, Abbey Road, Bishop Auckland, County Durham DL14 6PN3
£50K04/230.27 mi48, Abbey Road, Bishop Auckland, County Durham DL14 6PN3
£180K12/220.27 mi17, Jenkins Drive, Bishop Auckland, County Durham DL14 6XJ3
£208.5K06/210.28 mi10, Northumberland Avenue, Bishop Auckland, Durham DL14 6AW3
£90K06/230.28 mi4, Aclet Close, Bishop Auckland, County Durham DL14 6PX3
£90K11/210.29 mi31, Cockton Hill Road, Bishop Auckland, Durham DL14 6HS3
£192.5K07/210.3 mi16, Cleveland Avenue, Bishop Auckland, Durham DL14 6AR3
£152K05/230.31 mi6, Brooklands, Bishop Auckland, County Durham DL14 6PW3
£120K01/210.32 mi107, Watling Road, Bishop Auckland, Durham DL14 6RR3
£240K06/230.32 mi28, Walmer Avenue, Bishop Auckland, County Durham DL14 6NW3
£225K09/210.32 mi65, Woodhouse Lane, Bishop Auckland, Durham DL14 6JU3
£150K06/210.32 mi81, Woodhouse Lane, Bishop Auckland, County Durham DL14 6JU3
£70K10/200.33 mi13, Scott Road, Bishop Auckland, County Durham DL14 6PU3
£89K02/210.33 mi8, Scott Road, Bishop Auckland, Durham DL14 6PU3
£65K12/200.33 mi23, Scott Road, Bishop Auckland, County Durham DL14 6PU3
£160K08/210.34 mi15, Shawbrow View, Bishop Auckland, County Durham DL14 6XH3
£100K05/210.36 mi8, Lime Grove, Bishop Auckland, County Durham DL14 6PR3
£136.5K12/210.36 mi30, St Catherines Way, Bishop Auckland, County Durham DL14 6DE3
£128.9K05/210.36 mi44, St Catherines Way, Bishop Auckland, County Durham DL14 6DE3
£79K11/210.36 mi3, Wood Square, Bishop Auckland, County Durham DL14 6QQ3
£167.5K06/210.37 mi31, Northumberland Avenue, Bishop Auckland, Durham DL14 6LW3
£150K05/210.37 mi49, Northumberland Avenue, Bishop Auckland, Durham DL14 6LW3
£188K02/210.37 mi53, Northumberland Avenue, Bishop Auckland, County Durham DL14 6LW3
£179.9K11/220.37 mi17, Shawbrow View, Bishop Auckland, County Durham DL14 6XH3
£260K03/210.38 mi28, Northumberland Avenue, Bishop Auckland, County Durham DL14 6NP3
£153K05/210.39 mi33, Westfield Road, Bishop Auckland, County Durham DL14 6AE3
£190K11/210.39 mi41, Westfield Road, Bishop Auckland, County Durham DL14 6AE3
£192.5K11/200.39 mi77a, St Andrews Road, Bishop Auckland, County Durham DL14 6RY3
£226K01/230.39 mi85, St Andrews Road, Bishop Auckland, County Durham DL14 6RY3
£165K11/200.4 mi1, Lumley Grove, Bishop Auckland, County Durham DL14 6LH3
£90K03/230.41 mi32, North End Gardens, Bishop Auckland, County Durham DL14 6EE3
£185K04/210.44 mi3, Hanover Court, Bishop Auckland, Durham DL14 6EG3
£225K04/210.44 mi10, Church Drive, Bishop Auckland, Durham DL14 6SE3
£42.5K05/230.48 mi12, Hillbeck Street, Bishop Auckland, County Durham DL14 6SF3
£158K12/200.48 mi73, Lambton Drive, Bishop Auckland, Durham DL14 6LF3

Local Rents

13 rents from £500/mo to £900/mo, average is £650/mo.

RentDateDistanceAddressBeds 
£57504/240.22 miBell Street , Bishop Auckland 3
£65004/240.22 miBell Street, Bishop Auckland, County Durham, DL143
£65004/240.24 miRavensworth Avenue, Bishop Auckland, DL143
£65004/240.24 mi-3
£60012/240.38 mi-3
£90012/240.39 mi-3
£79508/230.4 mi-3
£79509/230.4 mi-3
£55003/240.42 miCraddock Street, Bishop Auckland, , DL14 6HA3
£69512/240.43 miDouthwaite Road, Bishop Auckland, DL14 6QP3
£50011/230.5 mi-3
£50009/240.5 mi-3
£55012/240.57 mi-3

Local Area Statistics

Population in DL14

37,237

Population in Bishop Auckland

51,200

Town centre distance

0.36 miles away

Nearest school

0.20 miles away

Nearest train station

0.55 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+7%

Sales demand

Seller's market

Capital growth (5yrs)

-4%

Property History

Listed for £160,000

February 26, 2025

Floor Plans

Description

  • Three Bedrooms +
  • Private Rear Garden +
  • Modernisation Needed +
  • Potential Family Home +
  • Off-Street Parking +
  • Chain Free +

Reeds Rains exclusively invite you to discover this three bedroom semi detached house for sale in Bishop Auckland. The property, which is in need of some modernisation, would make an ideal family home for those hoping to put their own stamp on a property. The ground floor briefly comprises a spacious lounge and a kitchen diner, while on the first floor there are three bedrooms and a family bathroom. To the front there is off-street parking on the drive and in the garage, while at the rear there is a private enclosed rear garden. To arrange a viewing call us on .

Council Tax Band C
EPC Grade D

IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS: We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.

DCI250090/2

Agent Details

Reeds Rains, Durham City

0191 625 0250

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪