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Guide Price
£40,000 Guide Price

6 Garden Street Newfield Bishop Auckland DL14 8BL

212742088

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4

days

7

hours

32

minutes

7

seconds

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4

days

7

hours

32

minutes

7

seconds

Type

Terraced House

Ownership

Freehold

Occupation

Occupied

Bedrooms

2

Council Tax

Band: A
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Tenanted Residential Investment Opportunity

Details

Property Summary

  • We are excited to present this recently refurbished 2 bedroom mid-terraced property located in the popular location of Bishop Auckland. *** PRICED TO SELL ***

 
  • *** 2, Lydia Terrace, Newfield, Bishop Auckland, County Durham, DL14 8BJ Sold for £145,000 in May 2023, 6, Stonebank Terrace, Newfield, Bishop Auckland, County Durham, DL14 8DF Sold for £100,000 in January 2024 ***

 
  • Property is tenanted at £500 per month generating an annual gross income of £6,000 per annum, or a gross yield of 15% if achieved at the Guide Price. *** SURE TO APPEAL TO A SHREWD INVESTOR *** 

 
  • The property is in walk-in condition and located close to local amenities such as gyms, local parks like Millennium Green, and cafes. 

 
  • Property benefits from recent refurbishment including a new boiler, kitchen and bathroom, potentially future proofing likelihood of repairs. Sure to appeal to a shrewd investor looking for a turn-key investment opportunity. 

 

We are excited to present this recently refurbished 2 bedroom mid-terraced property located in the popular location of Bishop Auckland. *** PRICED TO SELL ***

 

Property comprises: Entrance hallway, three piece bathroom, two generously sized bedrooms, well equipped kitchen and spacious living room. 

 

Property is tenanted at £500 per month generating an annual gross income of £6,000 per annum, or a gross yield of 15% if achieved at the Guide Price. *** SURE TO APPEAL TO A SHREWD INVESTOR *** 

 

*** 2, Lydia Terrace, Newfield, Bishop Auckland, County Durham, DL14 8BJ Sold for £145,000 in May 2023, 6, Stonebank Terrace, Newfield, Bishop Auckland, County Durham, DL14 8DF Sold for £100,000 in January 2024 ***

 

Property benefits from recent refurbishment including a new boiler, kitchen and bathroom, potentially future proofing likelihood of repairs. Sure to appeal to a shrewd investor looking for a turn-key investment opportunity. 

 

The property is in walk-in condition and located close to local amenities such as gyms, local parks like Millennium Green, and cafe’s. 

 

This lot is open to immediate offers. Should you wish to offer NOW, you can do so via our “Offer Now” button on our website. 

 

The property is offered at a fantastic price to ensure an auction sale. 

 

The property will feature in our upcoming times 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: 

Bishop Auckland, a historic market town in County Durham, England, is known for its rich heritage, scenic landscapes, and vibrant community. Once the favoured residence of the Bishops of Durham, Bishop Auckland is steeped in history, with Auckland Castle, a beautifully restored palace and former bishop's residence, standing as a focal point. The castle grounds, Deer Park, and the Spanish Gallery, featuring works by Spanish artists, add a unique cultural depth to the town.

Bishop Auckland boasts a lively town centre with a range of shops, cafes, and essential services, creating a welcoming atmosphere for residents and visitors alike. The town also hosts Kynren, an award-winning open-air live show that narrates 2,000 years of British history, attracting audiences from across the country and bringing energy to the local community.

With excellent road links to Durham, Darlington, and Newcastle, Bishop Auckland is well-connected, providing convenient access to employment, education, and leisure options throughout the North East. The surrounding countryside and the North Pennines Area of Outstanding Natural Beauty offer outdoor enthusiasts opportunities for hiking, cycling, and picturesque countryside views. Combining historic charm, cultural attractions, and a strong community, Bishop Auckland is a unique place to call home in the heart of County Durham.
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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.

Property Features

  • We are excited to present this recently refurbished 2 bedroom mid-terraced property located in the popular location of Bishop Auckland. *** PRICED TO SELL ***
  • *** 2, Lydia Terrace, Newfield, Bishop Auckland, County Durham, DL14 8BJ Sold for £145,000 in May 2023, 6, Stonebank Terrace, Newfield, Bishop Auckland, County Durham, DL14 8DF Sold for £100,000 in January 2024 ***
  • Property is tenanted at £500 per month generating an annual gross income of £6,000 per annum, or a gross yield of 15% if achieved at the Guide Price. *** SURE TO APPEAL TO A SHREWD INVESTOR *** 
  • The property is in walk-in condition and located close to local amenities such as gyms, local parks like Millennium Green, and cafes. 
  • Property benefits from recent refurbishment including a new boiler, kitchen and bathroom, potentially future proofing likelihood of repairs. Sure to appeal to a shrewd investor looking for a turn-key investment opportunity. 

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