Summary - 6 Lime Terrace, Eldon Lane DL14 8SX
3 bed 1 bath Terraced
Let with steady rental income and scope for improvement.
- Freehold end-terrace with tenant in-situ at £450pcm
- Being sold via secure online auction; terms and conditions apply
- Early 1900s Victorian build with period brick and solid structure
- Double glazing fitted post-2002; electric boiler and radiators present
- Small internal rooms and overall footprint (c.786 sq ft)
- Very small rear yard with attached storage shed
- Located in very deprived area with very high crime statistics
- Slow broadband speeds and likely need for cosmetic refurbishment
A three-bedroom end-terrace offered freehold and sold via secure online auction, ideal for an investor seeking immediate rental income. The property is currently let at £450pcm with tenant in-situ, providing an income stream from day one. Sale conditions apply through the online bidding process.
The house dates from the early 20th century and retains period brickwork with a solid two-storey form. It has double glazing installed after 2002 and electric boiler and radiator heating. Internal rooms are modest in size (total c.786 sq ft) and the plot is very small with a rear yard and attached storage shed.
Location brings both strengths and challenges: close to local amenities, schools rated Good to Outstanding, and easy access to Bishop Auckland town centre, but the wider area is very deprived with very high recorded crime and slow broadband speeds. Council Tax Band A keeps running costs low.
For investors the main appeals are low purchase price, freehold status, and immediate rental return. Consider budget for targeted refurbishment and ongoing management given the small room sizes, dated internal finishes and local area risks. Buying is recommended only for those familiar with auction purchases and who accept the property’s social and maintenance context.
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