Modern Method of Auction
Auction date not yet published
We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work3-bedroom house · DL14 7JU
For saleReduced £2k (−2.9%) on 23 JulListed 208 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
*for sale via the modern method of auction * guide price £65,000 * bidding closes 28 August 3PM * reservation fee applies * for bidding and legal information please visit Three bedroomed mid terraced property offered to the market for sale with no onward chain.
This traditional terraced property is suitable for first time buyers, home owners or investors alike.
Off street parking is available to the rear, with an electric roller garage door opening to allow for secure parking.
Located in the centre of Bishop Auckland just a short distance from local amenities such as; supermarkets, schools, retail stores and shops.
There is an extensive public transport system in the area allowing for access to neighbouring towns and villages as well as Darlington, Durham and Newcastle.
In brief, the property comprises; an entrance hall leading to the living room, dining room and kitchen to the ground floor.
The first floor consists of the master bedroom, two further bedrooms and family bathroom. Externally, the property has a courtyard with on street parking available to the front.
To the rear, there is an enclosed yard which has a shed fitted with electric and plumbing points. There is also a single garage with roller door.
Important information - This property is for sale by conditional online auction, also known as the ‘Modern Method of Auction’.
The successful bidder is required to pay a non-refundable reservation fee of 3.5% plus VAT or £5,000.00 plus VAT (whichever is higher). Any successful bidder will pay this to secure the property.
The reservation fee is in addition to the purchase price. The successful bidder then has 40 working days to exchange legally binding contracts.
Generally speaking, Guide Prices, are provided as an indication of each seller's minimum expectation.
They are not necessarily figures which a property will sell for and may change at any time prior to the auction.
Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure guide.
Before proceeding to bid, you need to carry out your due diligence, the Auction Team recommend you inspect all elements of the legal pack, it’s advisable to review the pack with your legal advisor.
We also recommend viewing of the property and any surveys and reports need to be carried out prior to bidding.
* for bidding and legal information please visit * Living Room (4.0m x 3.87m (13'1" x 12'8")) Spacious living room with ample space for furniture, neutral decor, feature fire surround and bay window to the front elevation providing plenty of natural light.
Dining Room (4.4m x 3.95m (14'5" x 12'11")) Another well sized reception room with plenty of space for dining furniture and window overlooking the yard.
Kitchen (4.7m x 1.7m (15'5" x 5'6" )) The kitchen is fitted with a range of wall, base and drawer units, sink/drainer and free standing electric oven/hob with overhead extractor hood.
Master Bedroom (4.46m x 3.0m (14'7" x 9'10" )) The master bedroom provides space for a king sized bed, further furniture, benefiting from neutral decor and window to the rear elevation.
Bedroom Two (4.0m x 2.9m (13'1" x 9'6" )) The second bedroom is another good sized double room with neutral decor and window to the front elevation Bedroom Three (4.0m x 3.0m (13'1" x 9'10")) The third bedroom is a single room which could also be utilised as a home office.
Bathroom (2.5m x 1.7m (8'2" x 5'6")) The bathroom is fitted with a panelled bath with overhead shower, wash hand basin and WC. Frosted window to the side elevation.
External Externally, the property has a courtyard with on street parking available to the front. To the rear, there is an enclosed yard which has a shed fitted with electric and plumbing points.
There is also a single garage with roller door.
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
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 starting price
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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 advisers 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
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FAQ
About 39, South Church Road, Bishop Auckland
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