Summary - 34 BELL STREET BISHOP AUCKLAND DL14 6BA
3 bed 1 bath Terraced
Immediate 10% yield with long-standing tenant and full compliance paperwork.
10% gross yield at £500 pcm rent from day one
Long-standing tenant over 10 years — income in place
Freehold Victorian mid-terrace, c.1900–1929, approx 1,045 sq ft
BAXI boiler with warranty until 2031; EPC rating C
All key safety certificates current (EICR, Gas Safety, detectors)
Small plot and small room sizes; limited outside space
Area is deprived with above-average crime statistics
Requires cosmetic updating and general fixer-upper works
A three-bedroom mid-terrace in central Bishop Auckland presented with a long-standing tenant offering immediate rental income. The tenant has occupied the property for over ten years and can increase the rent to £500 PCM, delivering a gross yield of approximately 10% from day one. Compliance documentation is current: EICR to June 2030, Gas Safety to September 2026, and mains-wired detectors fitted.
The house dates from c.1900–1929 and retains period brick exterior while requiring some cosmetic and possibly structural updating internally — described as a fixer-upper. The property benefits from a modern BAXI boiler with warranty remaining until 2031 and an EPC rating of C, which reduces near-term maintenance uncertainty. Accommodation includes two reception rooms, a ground-floor bathroom and three small bedrooms over two floors within about 1,045 sq ft.
Location is central to Bishop Auckland town centre, with supermarkets, shops, transport links and a range of schools nearby. Practical positives for an investor include freehold tenure, low council tax, mains gas heating and excellent mobile and broadband connectivity. Be aware the area is classified as deprived with above-average recorded crime and a small plot size — factors that influence tenant demand and future capital growth.
Overall this is a straightforward, income-first opportunity for an investor seeking immediate cashflow with limited management risk, though capital appreciation prospects will be influenced by local area conditions and the property’s need for some works.
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