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See how verdicts work2-bedroom flat · DL14 7NP
Listing removedReduced £2k (−2.2%) on 15 JulListed 162 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Charming two bedroomed flat, located within an impressive Grade Two Listed building in Bishop Auckland Market Place.
This period property benefits from many original features along with high ceilings and views overlooking the market place.
The property is offered to the market with tenants in situ this property is an ideal investment but could also be sold with vacant possession.
Benefiting from being within close proximity to the town centre, allowing for access to a range of local shops, supermarkets, cafés, restaurants, pubs and further amenities.
There is also an extensive public transport system allowing for access to not only the neighbouring towns and villages but to further afield places such as Darlington, Durham, Newcastle and York.
In brief the property contains an entrance hall, leading through to the living room and kitchen/diner.
Stairs ascend to the first floor which includes the master bedroom, second bedroom and the bathroom. Externally there is a secure gated car park to the rear with one allocated parking space.
Entrance Hall Entrance hall leading into the living room and kitchen/diner.
Living Room Beautifully presented living room benefiting from wood flooring, radiator, electric fire with feature surround and large window providing plenty of natural light.
Kitchen/Diner Great size kitchen/diner which contains a range of white wall and base units, complimenting work surfaces and sink/drainer unit.
Fitted with an integrated electric oven, gas hob and overhead extractor hood along with space for a washing machine and under counter fridge/freezer. Space is available for a kitchen table and chairs.
Master Bedroom The master bedroom has space for a king sized bed along with further free standing furniture, fitted with large floor to ceiling wardrobes providing ample storage.
Bedroom Two The second bedroom is another great size bedroom with neutral décor and window to the rear.
Bathroom The bathroom contains a panelled bath with overhead shower and glass shower screen, along with a wash hand basin and WC.
External To the rear there is an enclosed secure gated car park with allocated parking for one car.
Value & comps
No previous sales on record.
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 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 Flat 2 Kings Lodge, 22, Market Place, Bishop Auckland
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