1-bedroom house · DL14 7PE
For saleReduced £5k (−4.2%) on 18 OctListed 90 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Offered to the market for sale is this semi- commercial property with sitting tenants situated in the heart of Bishop Auckland.
The property consists of a commercial space to the ground floor with basement level and a self-contained one bedroomed flat set over two floors.
Located on Fore Bondgate, a busy high street in the town featuring a variety of popular businesses including banks, bars, restaurants, local businesses, cafes/bakeries as well as salons/barbers which create heavy footfall throughout.
Located just off the A689, close to the train station and on a major bus route through the town which leads to the newly renovated bus station creating substantial transport connections not only to larger towns and cities such as Durham/Newcastle, but also to neighbouring towns and villages.
In brief, the property consists of a substantially sized and versatile retail space on the ground floor which could be used as as an array of different businesses with large window to the front offering lots of display space and fire door to the rear.
Stairs descend to the basement level which hosts the kitchen/storage area featuring fitted cabinets, worktops and sink/drainer along with the separate cloakroom fitted with a WC and wash hand basin.
Accessed via a separate entryway are stairs ascending to the self contained flat which is set over two floors and consists of the living room, kitchen, bedroom 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
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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 63A, Fore Bondgate, Bishop Auckland
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