2-bedroom terraced house · DL14 8SL
For saleListed 308 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
We are delighted to market for sale this deceptively spacious two bedroom terrace property enjoying two reception rooms and garden perfectly suited to the private landlord or property investor alike due to being available to purchase with long term tenant in situ of 8 years paying annual rent of £4,719 per annum.
The property is conveniently located on the outskirts of Bishop Auckland where a wide variety of schooling, retail and recreation facilities can be catered for and is perfectly suited to the professional landlord looking to add a reliable rental property to their existing portfolio.
Internal viewing will reveal accommodation set over two floors comprising of: Lounge, Dining Room, Inner Hall, Kitchen, Rear Hall and Family Bathroom to the Ground Floor.
To the First Floor are Two Double Bedrooms. Externally there is an enclosed Garden to the Front and enclosed Yard to the Rear.
Lounge With double glazed window to the front elevation and double panel heating radiator. Decorated with colour washed walls and carpet floor covering.
Dining room With double glazed window to the rear elevation, double panel heating radiator and under stairs storage cupboard. Decorated with colour washed walls and laminate floor covering.
Inner hall With stairs to first floor accommodation and single panel heating radiator. Decorated with colour washed walls and carpet floor covering.
Kitchen With double glazed window to the side elevation, fitted with a range of wall and floor mounted units with contrasting laminate working surfaces incorporating stainless steel drainer sink unit, plumbing for automatic washing machine and Main central heating boiler.
Decorated with part tiled and colour washed walls and tiled floor covering. Rear hall With frosted double glazed entry door to the side elevation.
Decorated with colour washed walls and tiled floor covering.
Wet room With frosted double glazed window to the side elevation, fitted with a suite comprising of: Low level wc, wash basin and walk in electric shower and double panel heating radiator.
Decorated with fully tiled walls and cushioned floor covering. First floor Landing With double glazed window to the rear elevation and built in storage cupboard.
Decorated with colour washed walls and carpet floor covering. Bedroom one With double glazed window to the front elevation. Decorated with colour washed walls and carpet floor covering.
Bedroom two With double glazed window to the rear elevation and double panel heating radiator. Decorated with colour washed walls and carpet floor covering.
External To the front of the property is a generously proportioned enclosed garden and to the rear is an enclosed yard. EPC rating D council tax band A tenure freehold
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 2, Richard Terrace, Bishop Auckland
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