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

16 Berkeley Grove, Bishop Auckland, DL14 6LY - 9 days ago

Refurb/BRRR
97 m²
+7 photos

ValuationOvervalued

Sold Prices£50K - £272K
Sold Prices/m²£476/m² - £2.7K/m²

 

 

Square Metres

97 m²
Price/m²£1.6K/m²

Value Estimate

£130,219

 

 

End Value (After Refurb)

£170,000

Uplift in Value

+6%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£40,000

Stamp Duty & Legal Fees

£9,200

Refurb Costs

£37,248

Bridging Loan Interest

£4,200

Total Cash In

£92,398

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£170,000

Mortgage (After Refinance)

£127,500

Mortgage LTV

75%

Cash Released

£7,500

Cash Left In

£84,898

Equity

£42,500

Rent Range

£500 - £900

Rent Estimate

£655

Running Costs/mo

£682

Cashflow/mo

£-27

Cashflow/yr

£-327

Gross Yield

5%

Local Sold Prices

50 sold prices from £50K to £272K, average is £155.5K. £476/m² to £2.7K/m², average is £1.5K/m².

PriceDateDistanceAddressBeds 
£170K02/230.05 mi1, Berkeley Grove, Bishop Auckland, County Durham DL14 6LY3
£139.9K12/200.08 mi63, Lambton Drive, Bishop Auckland, County Durham DL14 6LF3
£158K12/200.08 mi73, Lambton Drive, Bishop Auckland, Durham DL14 6LF3
£175K07/210.1 mi1, Brough Grove, Bishop Auckland, Durham DL14 6NE3
£167K03/210.11 mi23, Langley Grove, Bishop Auckland, County Durham DL14 6UJ3
£120K08/230.11 mi13, Lambton Drive, Bishop Auckland, County Durham DL14 6LG3
£120K10/210.12 mi8, Bamburgh Avenue, Bishop Auckland, County Durham DL14 6NF3
£167.5K06/210.14 mi31, Northumberland Avenue, Bishop Auckland, Durham DL14 6LW3
£150K05/210.14 mi49, Northumberland Avenue, Bishop Auckland, Durham DL14 6LW3
£188K02/210.14 mi53, Northumberland Avenue, Bishop Auckland, County Durham DL14 6LW3
£152K04/230.15 mi4, Alnwick Close, Bishop Auckland, County Durham DL14 6NL3
£260K03/210.16 mi28, Northumberland Avenue, Bishop Auckland, County Durham DL14 6NP3
£173K10/200.16 mi16, Richmond Avenue, Bishop Auckland, County Durham DL14 6NQ3
£165K11/200.16 mi1, Lumley Grove, Bishop Auckland, County Durham DL14 6LH3
£163K12/220.18 mi8, Kenilworth Avenue, Bishop Auckland, County Durham DL14 6NJ3
£165K06/230.18 mi2, Kenilworth Avenue, Bishop Auckland, County Durham DL14 6NJ3
£130K08/210.18 mi25, Deerness Road, Bishop Auckland, County Durham DL14 6UB3
£170K10/210.18 mi40, Escomb Road, Bishop Auckland, Durham DL14 6TZ3
£240K06/230.19 mi28, Walmer Avenue, Bishop Auckland, County Durham DL14 6NW3
£130K11/200.2 mi77, Escomb Road, Bishop Auckland, Durham DL14 6TY3
£190K02/230.2 mi77, Escomb Road, Bishop Auckland, County Durham DL14 6TY3
£225K09/210.21 mi65, Woodhouse Lane, Bishop Auckland, Durham DL14 6JU3
£150K06/210.21 mi81, Woodhouse Lane, Bishop Auckland, County Durham DL14 6JU3
£227.5K06/210.26 mi1, Barrington Meadows, Bishop Auckland, Durham DL14 6NT3
£272K06/210.28 mi45, Dene Hall Drive, Bishop Auckland, County Durham DL14 6UF3
£153K05/210.29 mi33, Westfield Road, Bishop Auckland, County Durham DL14 6AE3
£190K11/210.29 mi41, Westfield Road, Bishop Auckland, County Durham DL14 6AE3
£208.5K06/210.31 mi10, Northumberland Avenue, Bishop Auckland, Durham DL14 6AW3
£187K12/220.32 mi75, Etherley Lane, Bishop Auckland, County Durham DL14 7QZ3
£79K11/210.32 mi3, Wood Square, Bishop Auckland, County Durham DL14 6QQ3
£192.5K07/210.32 mi16, Cleveland Avenue, Bishop Auckland, Durham DL14 6AR3
£60K12/200.34 mi4, Arthur Terrace, Bishop Auckland, County Durham DL14 6BL3
£87.6K05/230.35 mi27, Woodhouse Lane, Bishop Auckland, County Durham DL14 6JX3
£128K02/210.39 mi75, Etherley Lane, Bishop Auckland, Durham DL14 7QZ3
£130K12/220.39 mi24, Vart Road, Bishop Auckland, County Durham DL14 6PQ3
£90K11/210.4 mi31, Cockton Hill Road, Bishop Auckland, Durham DL14 6HS3
£210K11/220.41 mi30, Clover Drive, Etherley Dene, Bishop Auckland, County Durham DL14 0TT3
£75K02/230.43 mi38, Seymour Street, Bishop Auckland, County Durham DL14 6JD3
£110K02/230.43 mi2, Hazel Grove, Bishop Auckland, County Durham DL14 7RF3
£75K02/230.44 mi35, Seymour Street, Bishop Auckland, County Durham DL14 6JD3
£88.5K01/210.45 mi35, St Andrews Road, Bishop Auckland, County Durham DL14 6RT3
£215K11/200.46 mi2, Abbey Road, Bishop Auckland, County Durham DL14 6PN3
£50K04/230.46 mi48, Abbey Road, Bishop Auckland, County Durham DL14 6PN3
£79K11/200.46 mi106, Walker Drive, Bishop Auckland, County Durham DL14 6QN3
£125K06/210.48 mi11, Ladysmith Street, Bishop Auckland, County Durham DL14 7RD3
£120K10/210.49 mi8, Mcintyre Terrace, Bishop Auckland, County Durham DL14 6HW3
£190K01/230.49 mi21, High Melbourne Street, Bishop Auckland, County Durham DL14 6HP3
£90K06/230.52 mi4, Aclet Close, Bishop Auckland, County Durham DL14 6PX3
£172K02/210.54 mi2, Clarence Street, Bishop Auckland, Durham DL14 7RA3
£132.5K03/210.54 mi11, Clarence Street, Bishop Auckland, County Durham DL14 7RA3

Local Rents

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

RentDateDistanceAddressBeds 
£65004/240.31 mi-3
£65004/240.31 miRavensworth Avenue, Bishop Auckland, DL143
£90012/240.31 mi-3
£65004/240.35 miBell Street, Bishop Auckland, County Durham, DL143
£57504/240.35 miBell Street , Bishop Auckland 3
£79509/230.36 mi-3
£79508/230.4 mi-3
£50011/230.47 mi-3
£50009/240.47 mi-3
£69512/240.49 miDouthwaite Road, Bishop Auckland, DL14 6QP3
£55003/240.51 miCraddock Street, Bishop Auckland, , DL14 6HA3
£60012/240.54 mi-3

Local Area Statistics

Population in DL14

37,237

Population in Bishop Auckland

51,200

Town centre distance

0.45 miles away

Nearest school

0.10 miles away

Nearest train station

0.47 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

March 24, 2025

Floor Plans

Description

  • 3 Bed Semi Detached +
  • Sought After Development +
  • Close To Schools and Amenities +
  • New Gas Central Heating System Installed in 2019 +
  • Double Glazing +
  • South Facing Rear Garden +
  • Garage and Off Road Parking +
  • NO ONWARD CHAIN +
  • COUNCIL TAX BAND 'C' +

Rea Estates welcome to the sales market this Three Bedroom Semi Detached Family Home, situated on the ever popular Pye Estate being within close proximity to a comprehensive range of schools, shopping and recreational facilities.
Berkeley Grove is within minutes walking distance of Bishop Auckland General Hospital and Railway Station. There are also excellent transport links to neighbouring towns and villages and to the A1(M) to travel both North and South.
Space is an important factor in this property with all the rooms being generously proportioned in both floor area and ceiling height.
Warmed via Gas Central Heating (new system installed in 2019) and benefitting from uPVC Double Glazing, the internal layout briefly comprises: Entrance Porch, Hallway with staircase rising to the first floor, Lounge with doors to Dining Room, Breakfast Kitchen and a further room that could be utilised as a Utility Area.
To the first floor there is a Family Bathroom and Three Bedrooms.
Externally to the front of the house there is a wall enclosed garden. A driveway, providing added off road parking facilities, leads to an attached Garage.
The rear garden, which is south facing, is laid to lawn with flower borders.
In our opinion this property, which is offered for sale with no onward chain, is competitively priced to reflect that a degree of modernisation is required and therefore an early viewing is highly recommended.

Entrance Porch
Timber glazed entrance door opening to porch with tiled flooring and door to:

Hallway Staircase rising to the first floor and central heating radiator.

Lounge: 15'01 x 14'10 (4.60m x 4.52m)
A lovely spacious lounge with large picture window to the front elevation, allowing lots of natural light to flood through. Cornice to ceiling, fire surround, radiator and sliding doors to dining room.

Dining Room: 11'0 x 10'10 (3.35m x 3.30m)
The dining room provides ample space for a family size dining table and chairs and overlooks the rear garden. Radiator and door to kitchen.

Breakfast Kitchen:
10'10 x 9'10 max (3.30m x 3m)
Base, drawer and wall units with contrasting work surfaces, inset sink unit, space and plumbing for automatic washing machine. Free standing gas cooker point. Window to the rear, radiator, walk in storage cupboard, doors to utility and hallway.

Utility: 8'07 x 8'05 (2.62m x 2.57m)
Double glazed window and external door opening to the rear garden. Pedestrian door to garage.

First Floor Landing Obscure double glazed window to the side elevation.

Bedroom One:
11'11 x 10'11 excluding robes (3.63m x 3.33m)
Double glazed window to the front elevation, wall to wall fitted wardrobes and radiator.

Bedroom Two: 12'11 x 10'11 (3.94m x 3.33m)
A second double room with ample space for a range of free standing bedroom furniture. Double glazed window overlooking the rear garden and radiator.

Bedroom Three:
8'0 x 7'11 (2.44m x 2.41m)
Ample sized third bedroom, again to the front of the house. Double glazed window, built in storage cupboard and radiator.

Family Bathroom
Electric shower over panelled bath, low level w/c and pedestal wash hand basin. Cupboard housing central heating boiler, radiator and obscure double glazed window.

Externally
To the front of the house there is a wall enclosed garden, which is laid to lawn with flower borders. A driveway, providing added off road parking facilities, leads to an attached garage with up and over door, power and lighting.
The south facing rear garden has a paved patio area and is again laid mainly to lawn. There is also an apple and a cherry tree.

Garage:
17'08 x 8'08 (5.38m x 2.64m)
Up and over door, power, lighting and overhead additional storage.

Agent Details

REA Estates, Bishop Auckland - Sales

01388 311719

Next Steps?

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