3-bedroom house · DL14 8TL
For saleReduced £5k (−8.3%) on 15 OctListed 91 days
Opportunity summary
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About
Three bedroomed mid terrace property in Eldon Lane, which would make an ideal investment, benefiting from being such a short distance from Shildon as well as being less than half a mile from the local Prince Bishops Community Primary School in Coundon Grange.
Located just off the public bus route allows easy access to both Shildon and Bishop Auckland, which is approx 2.5 miles away.
Further facilities are available in Bishop Auckland's town centre, including further primary and secondary schools, healthcare services, high street stores, cafés, supermarkets and an extensive public transport system which allows for access to not only the neighbouring towns and villages, but to further afield places such as Darlington, Durham, Newcastle and York.
In brief it comprises; an entrance hall leading into the living room/dining room and kitchen to the ground floor.
The first floor contains the master bedroom, two further bedrooms and the family bathroom. Externally there is a rear yard with gated access into the back lane and on street parking to the front.
Entrance Spacious entrance hall that leads through to the living room and dining room. A staircase with featured lights that leads up to the bedrooms.
Living Room (3.53 x 3.4) Spacious living room to the front of the property, with neutral décor, an expansive media wall following to the window to the front elevation.
Dining Room (3.66 x 4.13) The second reception room is another good size, with electric fire, feature surround and ample room for a table and chairs.
Kitchen (3.61 x 2.14) The kitchen is fitted with a range of white wall and base units, contrasting work surfaces, tiled splash backs and sink/drainer unit and a wine cooler.
Benefiting from an integrated electric oven, five ring hob and overhead extractor hood and underfloor heating as well as space for a washing machine and fridge/freezer.
Master Bedroom (4.11 x 3.09) The master bedroom is a double room, neutrally decorated with window to the rear elevation.
Bedroom Two (3.6 x 2.68) Second bedroom which provides space for a double bed and further free standing furniture.
Bedroom Three (2.67 x 1.93) The third bedroom is a single room which could be utilised as a home office or study.
Bathroom (3.61 x 1.93) Family bathroom on the first floor with underfloor heating which contains a spa panelled bath, double shower cubicle, mirror with Bluetooth features, WC and wash hand basin with two drawers.
External Externally there is a rear yard with gated access into the back lane and on street parking to the front.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About 6, Spencer Street, Bishop Auckland
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