2-bedroom terraced house · DL14 7DB
Sold STCListed 968 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This mid terraced house, which is very well presented, currenetly has a tenant in situ, who has been served notice and will vacate by early March.
The accommodation comprises of entrance hallway, an open plan Living room/dining room with bay window providing ample natural light.
A galley style kitchen is located at the rear of the property which features fitted kitchen units with worktops and space for free standing appliances.
The bathroom is located at the back of the ground floor and features a bath with shower above, toilet and sink. On the first floor there are two double bedrooms.
Externally there is a rear yard May Street is located in the town centre, and as such has all of its facilities, amenities, shops and facilities to hand.
Bishop Auckland has a railway station, general hospital a number of schools and cultural attractions.
Agents notes: Council Tax band A There is no parking allocated to the property so cars are parked on the street to the front on a first come, first served basis.
The property is connected to mains gas, electric, water (Non Metered) and sewerage.
Estimated Broadband Speeds - Standard 18 MBPS, Superfast 80MBPS ultrafast 9000 MBPS Coverage for all Major networks - O2, 3, EE and Vodaphone Sky, BT and Virgin Media Satellite and Cable TV Available.
This property is managed by the seller. The postcode is included in the Council's selective licensing programme so any buyer will need to apply for a new license.
This property currently has a license. HMRC supervises the legal obligation for all estate agents to conduct identity checks on their customers, this includes buyers when their offer is accepted.
This must be completed, per purchaser, who in the transaction will result in being the legal owner(s) of the property.
There is a £30 (inc VAT) administration fee per individual purchaser, for these checks
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
Agent & docs
FAQ
About 13, May Street
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