HMO-ready Victorian mid-terrace with garage and projected strong rental income..
HMO licence in place and compliant with regulations
Projected £2,700+ gross monthly rental income
Six bedrooms, two bathrooms, separate WC — strong tenant capacity
Private garage plus two large storage units
Short walk to train station, hospital, shops and primary school
Dated areas; living room shows potential damp/mould needing repair
Electric storage heating — higher running costs for tenants
Area is deprived with above-average crime rates
A substantial six-bedroom mid-terraced Victorian house with HMO licence in Bishop Auckland, presented as a clear income opportunity. The property is arranged over generous communal areas with a modern fitted kitchen, two bathrooms and separate WC — ready to host multiple tenants or adapt as a large family home. Its location is highly convenient: two minutes to the train station, walking distance to hospital, shops and primary school, improving letting appeal.
Financially attractive for investors: projected gross monthly income of £2,700+ and freehold tenure. The house includes a private garage and two large storage units, plus front and rear entrances that ease tenant access and management. Fast broadband and excellent mobile signal support modern tenancy requirements.
Buyer should note material drawbacks honestly: the area is in a deprived bracket with above-average crime rates, and parts of the property show dated finishes and potential damp/mould in the living room that will need attention. Heating relies on electric storage heaters, which can mean higher running costs for tenants; double glazing is present but install date is unknown. The building dates from c.1900–1929, so further updating and ongoing maintenance are likely.
Overall, this is a workable HMO-ready investment or refurbishment project for a buyer prepared to improve aesthetics and address maintenance. Its central town location, existing licence and strong letting fundamentals make it a pragmatic purchase for investors seeking near-term rental income and long-term value uplift.
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