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 work2-bedroom terraced house · DL14 8SJ
For saleReduced £5k (−10%) on 21 JunListed 317 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Summary Introducing this ample property which features two spacious bedrooms, an inviting living area, galley kitchen.
Thoughtfully arranged and inviting, with modern features, creating an excellent foundation for family living.
The galley-style kitchen, featuring a warm beech-effect wall and base units paired with contemporary black subway-tile splashbacks. For a high-end finish.
Offering expansive countertops, providing excellent preparation space and generous storage throughout.
A stainless-steel sink sits beneath a large window which over looks the rear yard, and there is an external door to exit, With room for all essential appliances.
The open plan living and dining area, a wide archway leads into the generously proportioned dining area, which can accommodate a large dining table, perfect for family meals, dinner parties, or as a versatile second reception zone, this area enhances the home's sense of flow and sociability.
The dining area also benefits from a large under-stairs cupboard, ideal for storing cleaning supplies, household items. To the first floor features two generously sized double bedrooms.
These rooms both provide plenty of space for storage needs and enhanced by large windows that welcome abundance of natural light.
The bathroom is a standout feature of the property, the contemporary finish combines modern styling with practical comfort.
A striking black metro-tiled feature splash wall, provides a bold contrast with the white three piece suite, including a stylish curved bath with shower over and a glass screen.
The room further includes a pedestal hand basin, close-coupled WC, and a frosted window that ensures privacy. Warm wood-effect flooring softens the sleek design.
Externally, to the front of the property a wall enclosed yard with a gate that leads you to the front door.
To the rear, you'll find a compact, yet functional yard which is low-maintenance and provides access to the back street.
Situated in the quiet area of Coronation within Bishop Auckland, this property benefits from excellent transport links. There are wellserved local bus routes.
Major road links such as the A688 are within easy reach, providing straightforward access to the A1(M).
Bishop Auckland town centre offers a wide range of everyday conveniences including supermarkets, retail stores, Families will appreciate the proximity to several schools.
Council Tax Band: A Tenure: Freehold Auctioneers Additional Comments Pattinson Auction are referred to below as The Auctioneer.
This auction lot is being sold under either conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer.
The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer.
Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between any marketing agent and The Auctioneer so that all matters can be dealt with effectively.
The property is being sold via a transparent online auction.
To submit a bid on any property marketed by The Auctioneer, all bidders buyers must adhere to a verification of identity process in line with Anti Money Laundering procedures.
Bids can be submitted at any time and from anywhere.
Our verification process is in place to ensure aml procedures are carried out in accordance with the law Auctioneers Additional Comments The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price.
The Reserve Price is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the Guide Price, Starting Bid. These prices are subject to change.
An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction.
A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding.
The Legal Pack will also outline the buyers obligations and sellers commitments.
It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
Auctioneers Additional Comments In order to secure the property and ensure commitment from the seller, upon exchange of contracts, the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price.
The deposit will form part of the purchase price.
A non-refundable reservation fee of up to 6% inc VAT (Subject to a minimum fee which could be up to 7,200 inc VAT) is also payable upon agreement of sale.
The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs.
Both the Marketing Agent and the Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received.
There is no requirement or obligation to use any recommended suppliers or services.
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
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
.png)
FAQ
About 22, David Terrace, Bishop Auckland
Explore nearby