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5 York Terrace, Cockfield, Bishop Auckland, DL13 5HD

£50,000

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Terraced House

Residential

5 York Terrace, Cockfield, Bishop Auckland, DL13 5HD

3

bed

1

bath

1

reception

Council tax: A

Tenanted Residential Investment Opportunity

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Deadline for offers

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Description

  • PRIME NEW ENTRY. We are delighted to bring to the market this excellent 3 bedroom terrace property, situated within a prime location in Cockfield, Bishop Auckland. 

  • **4, York Terrace, Bishop Auckland, DL13 5HD Previously sold for £84,000. 4, West End Terrace, Bishop Auckland, DL13 5ET Previously sold for £77,000** 

  • For rental purposes, the property is currently tenanted at £600 per month (£7,200 p/a). This would provide an excellent 14% yield if achieved for guide price. Property could potentially achieve £650-£700 p/m. 

  • Sure to appeal to shrewd buy to let investors looking for a readily let property with great capital growth potential **TURNKEY INVESTMENT**

  • Property is located in a tranquil semi-rural location with great views of the countryside. Property is situated in close proximity to schools and local amenities and access to nearby towns via the A688. 

PRIME NEW ENTRY. Excellent 3 bedroom terraced property, situated within a prime location in Cockfield, Bishop Auckland. 

Property Comprises:

Entrance hallway, living room, kitchen, bathroom, 2 spacious double bedrooms and box room. Property benefits from ample storage throughout.

Sales Evidence:

**4, York Terrace, Bishop Auckland, DL13 5HD Previously sold for £84,000. 4, West End Terrace, Bishop Auckland, DL13 5ET Previously sold for £77,000** 

Property is currently tenanted at £7,200 p/a. Potential rent of £7,800-£8,400 p/a.

Sure to appeal to shrewd buy to let investors looking for an investment opportunity in a great location. Property is located near a host of local amenities.

This lot is open to immediate offers. Should you wish to offer NOW, you can do so via our

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button on our website.

This property is offered at a fantastic price to ensure an Auction sale.

The property will feature in our upcoming timed online auction. To participate in the live auction, you must have a bidding account created. For further details on how to have a bidding account created please contact the team.

Location

Cockfield is a small semi-rural village near Bishop Auckland in County Durham, offering a quiet lifestyle with basic amenities, a primary school, local shops and good access to surrounding towns via the A688. With its industrial heritage and countryside setting, it appeals to tenants seeking affordable living within reach of larger employment hubs.

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10%, minimum deposit £5,000

3% subject to a minimum of £5,000 plus VAT

Total payable today if offer accepted (deposit + fee)

£11,000

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Terms of Sale

All buyers must verify terms prior to placing a bid. Some sellers may have variations within their contracts. Should you place a bid you are confirming you are happy to proceed as per the Terms of the contract.