3-bedroom semi-detached house · DL14 8FT
No longer listedListed 26 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
believe housing are delighted to present The Mayfield, a three-bedroom house located on the popular Bishops Park development in Bishop Auckland available through the Rent to Buy scheme.
This three-bedroom home is ideal for growing families or those looking for extra space, featuring a large kitchen/dining area, spacious living room, downstairs WC, a family bathroom, two large double bedrooms - one with ensuite, and one single bedroom, as well as a private driveway and rear garden.
With solar panels and electric charging points, you can save money on your energy bills and reduce your impact on climate change.
This homes includes as standard: Large kitchen fully fitted with soft close doors in a stylish and modern design, integrated Zanussi appliances including 60cm electric hob and extractor hood, under wall unit lighting, chrome low voltage downlights to ceiling and quality vinyl flooring.
Large living room fitted with large windows to maximise light into the home. Downstairs W/C with quality vinyl and additional ground floor storage. Gas central heating with radiators throughout.
PV panels to support overall electricity demand. Well apportioned bedrooms with plenty of storage space.
Modern bathroom fitted with contemporary sanitary ware and stylish tiles, quality vinyl flooring, over-bath combi shower with screen, heated chrome towel rail and chrome low voltage downlights to ceiling.
Stylish white 5 vertical panel internal doors with brushed steel finished door handles throughout. Loft and wall insulation. Heat, smoke and CO2 detectors.
Entrance light to front and rear external doors. Fully turfed private rear garden with external tap, secured with timber fencing. Driveway for off street parking.
Rent to Buy is a government scheme that aims to help people in England step on to the housing ladder by offering affordable homes at a 20% discount below market rent for five years.
The idea is that with a lower rent, you can save for a deposit to buy your home at the same time. You must fully meet the criteria to apply. Please refer to details below for guidance.
Eligibility Criteria To reserve a Rent to Buy home you must: * Be at least 18 years old at the time of signing your tenancy agreement * Be a first-time buyer or returning to the market after a relationship breakdown * Not currently own another residential property * Be able to evidence you are working at the time of the initial letting * Have insufficient funds/deposit to purchase a property on the open market * Have the 'Right to Rent' in the UK (as defined by government guidelines) * Not have any outstanding credit issues and be able to pass a credit check.
Please note if you have any CCJs or IVAs this will be an automatic refusal. FEES: There are no reservation fees or tenancy deposit. You will be required to pay up to two months' rent upfront.
Viewings Viewings will only be carried out once your application has been completed and you have been accepted following all checks.
Please ensure you have the funds available for your first payment at the viewing as if you are happy to proceed as you may be required to begin your tenancy immediately.
*All images are for illustration purposes only and may not reflect exact homes on the development.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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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
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FAQ
About Stitchill Place, Auckland Park, Bishop Auckland, DL14
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