Summary - 4 BLACKETT STREET BISHOP AUCKLAND DL14 7TD
2 bed 1 bath Terraced
Immediate rental return with redevelopment potential for serious investors.
Long-term tenant in situ; tenant does not intend to leave
Annual gross income £6,300; approximate gross yield 11%
Freehold 2-bedroom mid-terrace in good condition
Small plot and average internal size (c. 775 sq ft)
Area classified as deprived; local crime rate very high
Easy access to local amenities, train station and fast broadband
Buyers' premium applies on sale
Suitable for investors or developers seeking immediate income
A straightforward buy-to-let opportunity in Bishop Auckland, offered with a long-term tenant in situ and delivering a reliable rental income. The two-bedroom mid-terrace is freehold, in good condition and sits within easy walking distance of local amenities and transport links — attractive for hands-off portfolio additions.
The property currently produces a gross income of £6,300 per year on a £57,000 purchase price (approximate gross yield 11%). The tenant has occupied the property for several years and does not intend to vacate, so sale will be to a purchaser prepared to take on the existing tenancy. A Let Property Pack is available for detailed investment information.
Buyers should note material considerations: the property is in an area classed as deprived with a very high local crime rate, and the plot is small. A buyers’ premium will apply to secure purchase. Overall, this is a pragmatic acquisition for serious investors or developers seeking an immediate income stream and potential to add value over time.
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