2-bedroom terraced house · DL14 8TN
Listing removedListed 54 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Two bedroomed terraced property located on Edward Street in Eldon Lane.
Situated just a short distance from local amenities which include, shops, supermarkets and local schools, whilst the neighbouring town, Bishop Auckland, provides access to a range of amenities, such as supermarkets, healthcare services, cafés, restaurants and both primary and secondary schools.
The A688 is nearby and leads to the A1 (M) both North and South, ideal for commuters.
There is also an extensive public transport system which allows for access to not only the surrounding towns and villages, but to further afield places such as Durham, Darlington, Newcastle and York.
In brief the property comprises an entrance porch leading into the living room and kitchen to the ground floor. The first floor contains the master bedroom, second bedroom and family bathroom.
Externally, the property has an enclosed yard to the rear with gated access to the rear lane while on street parking is available to the front.
Living Room (4.6m x 3.68m (15'1" x 12'0")) Spacious living room located to the front of the property, with ample space for furniture and neutral decor.
Kitchen (4.25m x 3.6m (13'11" x 11'9")) The kitchen contains a range of wall, base and drawer units, complementing work surfaces, splash backs ad sink/drainer unit.
Space is available for free standing appliances.
Master Bedroom (4.6m x 3.68m (15'1" x 12'0")) The master bedroom provides space for a king sized bed, further furniture and window to the rear elevation.
Bedroom Two (4.25m x 2.5m (13'11" x 8'2")) The second bedroom is a double bedroom with window to the rear elevation.
Bathroom (1.98m x 1.64m (6'5" x 5'4")) The bathroom contains a panelled bath, WC and wash hand basin.
External Externally the property has an enclosed yard to the rear with gated access to the rear lane, to the front on street parking.
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 8, Edward Street, Bishop Auckland
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