4-bedroom house · DL13 4BL
For saleReduced £50k (−7.8%) on 13 SepListed 92 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated in the sought-after village of Satley, near Bishop Auckland, this unique opportunity offers two adjoining terraced cottages being sold together, making it an ideal purchase for multi-generational living, holiday letting, rental investment or those seeking flexible accommodation.
Ivory Cottage is a well-presented three-bedroom home comprising a spacious reception room, fitted kitchen, family bathroom and three double bedrooms, with the second bedroom benefiting from an en-suite shower room.
Adjoining Farthing Cottage is a charming one-bedroom property offering an open-plan living, dining and kitchen area, a double bedroom and a bathroom, making it ideal for independent living, guest accommodation or generating additional income.
Both cottages are neutrally decorated throughout and enjoy plenty of natural light, creating bright and welcoming living spaces.
The properties are attached yet provide separate accommodation, offering versatility to suit a range of buyers.
Externally, each cottage benefits from its own off-street parking and attractive gardens, while the property also includes approximately 2.5 acres of land, two stables and two field shelters, making it an excellent opportunity for those with equestrian interests, smallholding aspirations or anyone seeking additional outdoor space.
Set within the picturesque village of Satley, the properties are surrounded by beautiful countryside with excellent walking and cycling routes on the doorstep.
The nearby market town of Bishop Auckland offers a wide range of shops, supermarkets, schools, leisure facilities, cafés and restaurants, together with rail links providing connections to Darlington, Newcastle, York and London, making this an excellent location for both rural living and convenient commuting.
An excellent opportunity to acquire two characterful cottages in a desirable County Durham village, offering exceptional flexibility for family living, investment or lifestyle purposes.
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
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FAQ
About Ivory cottage, Penny Lane, Bishop Auckland
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