Quick purchase for cash buyers and landlords seeking rental income and refurbishment upside.
Chain-free freehold 2-bed mid-terrace, ready for immediate letting
This two-bedroom mid-terrace offers a straightforward investment in Bishop Auckland with immediate rental potential. The property is chain-free, freehold and benefits from mains gas central heating and double glazing, making it ready for letting or modest cosmetic updating.
Accommodation includes a lounge, separate dining room, kitchen, ground-floor bathroom and two first-floor bedrooms within approximately 776 sq ft. The house overlooks a park and has a small enclosed rear yard. Constructed c.1900–1929 with solid brick walls, the layout is traditionally proportioned and deceptively spacious for its footprint.
Buyers should note material issues: the area is very deprived with very high local crime rates, and the property’s walls likely lack cavity insulation (as-built solid brick). Flooding risk is assessed as medium and exterior maintenance is required. These factors affect mortgage availability and insurance costs and may require investment after purchase.
This is best suited to landlords or cash buyers seeking a low-entry purchase with scope for refurbishment and steady rental demand from local tenants. Viewing is advised to assess the condition and potential for targeted improvements that could increase rental income or resale value.
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