Summary - 3 HILLBECK STREET BISHOP AUCKLAND DL14 6SF
2 bed 1 bath Terraced
Two-bedroom mid-terrace with tenant and immediate rental income, ideal for investors..
Long-term tenant in situ providing immediate rental income
A two-bedroom mid-terraced house in Bishop Auckland offered as a buy-to-let with a long-term tenant in situ. The property is freehold, traditionally laid out with lounge, kitchen and three-piece bathroom, and benefits from mains gas central heating and double glazing (install date unknown).
Currently producing a gross annual income of £4,560, the rent could be increased towards a market level of approximately £5,916, improving yield for an investor or portfolio builder. The tenant has occupied the property for several years and intends to remain, providing immediate rental income and low void risk.
Practical drawbacks are clear: the house sits in a deprived, ageing urban area with slow broadband and a small plot. Buyers should note a Buyers Premium will apply to secure the sale. The building dates from the 1930–1949 era and, while generally well kept, may offer scope for modernisation to achieve higher rents and capital growth.
This is most suitable for a buy-to-let investor or developer seeking an affordable addition to a portfolio with immediate income; survey and viewing recommended to confirm condition and refurbishment potential.
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