3-bedroom terraced house · DL13 5EA
For saleListed 77 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A beautiful, terraced home that is a credit to our clients hard work and vision. It features a great mix of old and new, with great colours, fixtures and fittings.
With a list of upgrades, replacements and refitting’s carried out by the sellers in the last 4 years, we feel that there would be little or nothing to do for an incoming owner.
That list includes a new roof, a new boiler, new multifuel burner in the living room, new front and back doors, carpets and window blinds.
The accommodation comprises of an entrance porch and hallway with stairs rising to the first floor.
The main living space comprises of an open plan living room/dining room that has a bay window that provides plenty of natural light, all centred around the log burning stove in the fireplace.
The kitchen is located at the rear of the house and this is presented in matt white with worktops and space for free standing appliances.
On the first floor there are three bedrooms - two generous doubles and a single, however it’s the bathroom of this property that really shines and stands out with a separate shower cubicle, a curved bath, toilet and sink all in white with fully tiled walls and flooring in high quality grey tiles.
Externally the house features a small front garden comprising of grass and plants with a paved path to the front door whilst the rear, the yard is also tidy and gives access to the garage which opens onto the back lane.
It features a decked area for sitting and a layered gravelled section which requires little looking after.
Cockfield is a popular village that features a good selection of local amenities that include a garage, convenience sized supermarket, pharmacy and doctors surgery, a couple of pubs and food outlets, a Primary school rated "Outstanding" by Ofsted and is surrounded by the fell which is perfect for walks.
The village is also well served with bus links that provide connections to not only Bishop Auckland, but also Spennymoor, Durham city and beyond.
MATERIAL INFORMATION: In compliance with the Consumer Protection from Unfair Trading Regulations 2008 and National Trading Standards Estate and Letting Agency Team’s Material information in property listings Guidance PART A Local Authority – Durham County Council Council Tax Band – A Tenure – Freehold PART B Property Type – Mid Terrace Property Construction – Stone Number & Types of Rooms – Please refer to the details and floorplan, all measurements taken being the maximum dimensions available between internal walls Electricity supply – Mains Water Supply - Mains Sewerage – Mains Heating - LPG Gas fired boiler with radiators and Log Burner Estimated Mobile phone coverage – Please refer to the Ofcom Website - Estimated Broadband Download speeds – please refer to the Ofcom Website – Parking: On street PART C Building Safety – The Vendor is not aware of any Building Safety issues.
However, we would recommend that the purchaser engages the services of a chartered surveyor to confirm Restrictions - Restrictive covenants are noted on the title Rights & Easements- none Article 4 Planning Restricted area – the property is subject to Article 4 Direction Flood risk – Very Low Coastal Erosion - NA Protected Trees – no Conservation area – yes Planning Permission – no Accessibility – The property has not been altered for accessibility Mining Area – yes Selective License Area – no Included/excluded from the sale - curtains will be removed No other Material Information disclosures have been made by the vendor.
This information has been compiled in good faith using resources readily available online and by enquiry of the vendor prior to marketing.
However, such information could change after compilation of the data, so J W Wood cannot be held liable for any changes post compilation or any accidental errors or omissions.
Furthermore, J W Wood are not legally qualified and conveyancing documents are often complicated, necessitating judgement on our part about which parts are “Material Information” to be disclosed.
If any information provided, or other matter relating to the property, is of particular importance to you, please do seek verification from a legal advisor before committing to expenditure.
HMRC supervises the legal obligation for all estate agents to conduct identity checks on their customers, this includes buyers when their offer is accepted.
This must be completed, per purchaser, who in the transaction will result in being the legal owner(s) of the property.
There is a £35 (inc VAT) administration fee per individual purchaser, for these checks
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.
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About Mayfield Terrace, Cockfield, Bishop Auckland, DL13
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