2-bedroom flat · DL14 7PG
Listing removedListed 685 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A fantastic investment opportunity to purchase this three storey premises; which contains a commercial unit to the ground floor, as well as a two bedroomed apartment above which is perfect for use as a holiday let or long term rental.
The ground floor retail space has a tenant in situ, details of which are available upon request.
Pleasantly positioned on Fore Bondgate a prominent location within Bishop Auckland's busy town centre which has a variety of popular businesses, banks, bars/restaurants, local stores, cafes/food outlets, butchers, bakeries, retail shops as well as salons/barbers.
The town has had great investments at Auckland Castle, its gardens, the Spanish Art Gallery, Faith Museum as well as the live action historic show Kynren which attracts visitors in the thousands.
Further facilities are located just a short distance away in Tindale's Retail Park including popular high street stores such as M&S, Next and tk Maxx.
Located just off the A689, close to the train station and on a main bus route through the town which leads to the Bus Station in Bishop Auckland and connects to further bus services, allowing for access to Durham/Newcastle as well as to neighbouring towns and villages.
The building briefly comprises; ground floor retail unit with shop frontage, kitchen and WC. The remaining two storeys contain a self contained flat with ground floor storage room.
The flat contains the living room, kitchen, utility room, two bedrooms and bathroom
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisors before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 28, North Bondgate, Bishop Auckland
Explore nearby
.png){kind=logo}
