2 Bed Terraced House, Refurb/BRRR, Bishop Auckland, DL14 7PY, £70,000

Bridge Street, Bishop Auckland, DL14 7PY - 1 views - a month ago

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

ValuationOvervalued

Sold Prices£34K - £190K
Sold Prices/m²£468/m² - £2.4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1K/m²

Value Estimate

£48,892

 

 

End Value (After Refurb)

£87,530

Uplift in Value

+25%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£17,500

Stamp Duty & Legal Fees

£4,700

Refurb Costs

£26,155

Bridging Loan Interest

£1,838

Total Cash In

£51,942

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£87,530

Mortgage (After Refinance)

£65,647

Mortgage LTV

75%

Cash Released

£13,147

Cash Left In

£38,795

Equity

£21,882

Rent Range

£425 - £650

Rent Estimate

£533

Running Costs/mo

£400

Cashflow/mo

£133

Cashflow/yr

£1,594

ROI

3%

Gross Yield

9%

Local Sold Prices

42 sold prices from £34K to £190K, average is £69.8K. £468/m² to £2.4K/m², average is £782/m².

PriceDateDistanceAddressBeds 
£60K06/230.02 mi37, Bridge Street, Bishop Auckland, County Durham DL14 7PY2
£75K06/210.13 mi14, West Road, Bishop Auckland, County Durham DL14 7PP2
£68K12/200.24 mi43, Waldron Street, Bishop Auckland, County Durham DL14 7DS2
£70K07/230.24 mi73, Surtees Street, Bishop Auckland, County Durham DL14 7DJ2
£36K12/200.25 mi22, Gibbon Street, Bishop Auckland, County Durham DL14 7DL2
£78.5K07/210.28 mi2, Wear Chare, Bishop Auckland, County Durham DL14 7QQ2
£50K12/200.31 mi33, Durham Street, Bishop Auckland, County Durham DL14 7BN2
£59.5K03/210.35 mi1, Bishop Street, Bishop Auckland, Durham DL14 7DF2
£73K06/210.38 mi5, Oxford Terrace, Bishop Auckland, County Durham DL14 7DA2
£61K12/200.42 mi10, Hutchinson Street, Bishop Auckland, Durham DL14 7DD2
£69K08/210.45 mi21, Jubilee Street, Toronto, Bishop Auckland, Durham DL14 7RT2
£120K05/210.47 mi26, Wesley Grove, Bishop Auckland, County Durham DL14 7TG2
£123K05/210.47 mi25, Wesley Grove, Bishop Auckland, Durham DL14 7TG2
£112K02/210.47 mi57, Etherley Lane, Bishop Auckland, County Durham DL14 7QZ2
£85K03/230.57 mi8, South Church Road, Bishop Auckland, County Durham DL14 7JY2
£34K11/200.6 miPierremont, Blackett Street, Bishop Auckland, Durham DL14 7TD2
£69K08/210.64 mi25, Queens Road, Bishop Auckland, County Durham DL14 7LX2
£60K01/210.7 mi13, Leopold Place, Bishop Auckland, County Durham DL14 6EJ2
£190K03/210.7 mi8, Pollards Drive, Bishop Auckland, County Durham DL14 6UE2
£72.5K06/230.7 mi7, Leopold Place, Bishop Auckland, County Durham DL14 6EJ2
£180K02/230.71 mi8, Sherwood Court, Toronto, Bishop Auckland, County Durham DL14 7SQ2
£175K11/220.72 mi92, Escomb Road, Bishop Auckland, County Durham DL14 6TZ2
£55.3K04/210.72 mi1, Oak Terrace, Bishop Auckland, County Durham DL14 6ES2
£55.3K04/210.72 mi1, Oak Terrace, Bishop Auckland, County Durham DL14 6ES2
£55.3K04/210.72 mi1, Oak Terrace, Bishop Auckland, County Durham DL14 6ES2
£170K11/200.72 mi9, Sherwood Court, Toronto, Bishop Auckland, Durham DL14 7SQ2
£38K08/210.75 mi18, Sun Street, Bishop Auckland, County Durham DL14 6DP2
£72K02/230.77 mi6, Sun Street, Bishop Auckland, County Durham DL14 6DP2
£45K06/230.78 mi2, Dixon Street, Bishop Auckland, County Durham DL14 6DW2
£75K11/210.82 mi12, Oaklea Terrace, Bishop Auckland, Durham DL14 6HH2
£69.5K04/210.82 mi9, Oaklea Terrace, Bishop Auckland, Durham DL14 6HH2
£74K09/210.82 mi3, Oaklea Terrace, Bishop Auckland, Durham DL14 6HH2
£80.8K05/230.82 mi9, Oaklea Terrace, Bishop Auckland, County Durham DL14 6HH2
£155K03/210.86 mi5, Dudley Grove, Bishop Auckland, Durham DL14 6NB2
£145K04/210.87 mi3, Westlea Avenue, Bishop Auckland, County Durham DL14 6HE2
£35K07/210.88 mi5, James Street, Bishop Auckland, Durham DL14 6HL2
£164K12/200.89 mi38, Walmer Avenue, Bishop Auckland, Durham DL14 6NW2
£63K06/210.9 mi9, Chatsworth Avenue, Bishop Auckland, County Durham DL14 6AX2
£63K01/210.97 mi60, Seymour Street, Bishop Auckland, Durham DL14 6JD2
£49K01/210.98 mi27, Beaumont Street, Bishop Auckland, Durham DL14 6BJ2
£90K04/230.98 mi16, Helena Terrace, Bishop Auckland, County Durham DL14 6BP2
£63.5K12/200.99 mi33, Frances Terrace, Bishop Auckland, County Durham DL14 6BW2

Local Rents

21 rents from £425/mo to £650/mo, average is £550/mo.

RentDateDistanceAddressBeds 
£49510/240.23 mi-2
£49503/240.24 miGibbon Street, Bishop Auckland, County Durham, DL142
£55004/240.28 miStranton Street, Bishop Auckland2
£65004/240.3 miGreat Gates, Bishop Auckland2
£42510/230.3 mi-2
£58003/240.31 miDurham Street, Bishop Auckland2
£45012/230.32 mi-2
£48004/240.33 miNelson Street, Bishop Auckland2
£55004/240.34 miNelson Street, Bishop Auckland, DL142
£57504/240.34 miNelson Street, Bishop Auckland, DL142
£52504/240.35 miGrey Street, Bishop Auckland2
£59512/240.36 mi-2
£59512/240.37 miSilver Street, Bishop Auckland2
£55003/240.37 miSilver Street, Bishop Auckland2
£55004/240.37 miSilver Street, Bishop Auckland2
£59512/230.37 mi-2
£59512/230.37 mi-2
£59810/240.39 mi-2
£42504/240.39 miOxford Street, Bishop Auckland, DL142
£52502/250.6 mi-2
£45004/240.6 miBlackett Street, Bishop Auckland, Bishop Auckland, DL14 2

Local Area Statistics

Population in DL14

37,237

Population in Bishop Auckland

51,200

Town centre distance

1.29 miles away

Nearest school

0.40 miles away

Nearest train station

0.60 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+7%

Sales demand

Seller's market

Capital growth (5yrs)

-4%

Property History

Listed for £70,000

March 5, 2025

Floor Plans

Description

  • TWO BEDROOMS +
  • MID TERRACE +
  • GAS CENTRAL HEATING +
  • UPVC DOUBLE GLAZING +
  • REAR YARD +
  • CLOSE TO AMENITIES +
  • NO ONWARD CHAIN +
  • EPC GRADE TBC +

Two bedroomed mid terrace property, located on Bridge Street in Bishop Auckland. The property benefits from a number of renovations which the current owners have carried out including a newly fitted kitchen with electric hob and built in oven, gas central heating with a 3 year old boiler, new roof in 2023 and full decoration throughout. The property benefits from being within close proximity to the town centre, allowing for access to a range of local shops, supermarkets, cafés, restaurants, pubs and further amenities. There is also an extensive public transport system allowing for access to not only the neighbouring towns and villages but to further afield places such as Darlington, Durham, Newcastle and York.

In brief the property comprises; the living room and kitchen/diner to the ground floor. The first floor contains the master bedroom, second bedroom and family bathroom. Externally the property has on street parking available to the front, along with a large low maintenance yard to the rear.

Living Room - 4.37 x 4.1 (14'4" x 13'5") - Spacious living room located to the front of the property, providing ample space for furniture, neutral decor and window to the front elevation.

Kitchen/Diner - 4.0 x 3.87 (13'1" x 12'8") - The kitchen is fitted with a range of wall, base and drawer units, complementing work surfaces, tiled splash backs and sink/drainer unit. Benefiting from an integrated oven, hob and extractor hood along with space for further free standing appliances.

Master Bedroom - 4.12 x 3.3 (13'6" x 10'9") - The master bedroom provides space for a king sized bed, further furniture and window to the front elevation.

Bedroom Two - 2.87 x 2.7 (9'4" x 8'10") - The second bedroom is a double bedroom with window to the rear elevation.

Bathroom - 3.86 x 1.38 (12'7" x 4'6") - The bathroom is fitted with a new panelled bath, overhead shower, WC and wash hand basin.

External - Externally the property has on street parking available to the front, along with a large low maintenance yard to the rear.

Agent Details

Hunters, Bishop Auckland

01388 311339

Next Steps?

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