2-bedroom flat · DL14 8RR
Listing removedListed 72 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Beautiful 2 Bedroom ground floor flat available to rent in Close House, Bishop Auckland.
Availability date: From 12/08/2026 Rental value: Monthly Rental Of £400.00 What's inside this home: Bedrooms: 2, Bathrooms: 1, Lounges: 1 Fully fitted kitchen and bathroom with electric hob and oven, (No white goods included) central heating and double glazed windows throughout the property Un-Furnished Costs and requirements:* The first rent payment needs to be paid before you move into your property.
You will also need to provide a UK homeowner guarantor, this must be someone who is a UK property owner.
What we will need from you: We will verify your income by contacting your employers hr department.
If you receive uc or tax credits and housing benefits then we will contact the relevant agencies to verify your entitlement. We will contact your previous landlords/agents for references.
We will carry out various background checks, including credit checks. Check! Can you afford it?
Your income should be at least 2.5 times the rental value (Monthly Rental Of £400 for this property), to enable you to pay for your rent and living costs comfortably.
We will ask you for proof of your income.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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
FAQ
About 31a, Close House, Bishop Auckland
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