Summary - 12 WESLEY STREET COUNDON GRANGE BISHOP AUCKLAND DL14 8UH
2 bed 1 bath Terraced
Steady rental income now with scope for modest rent increase.
Tenant in situ with consistent payment history
Current gross annual rent £5,040; market potential ~£6,000
Freehold terraced Victorian house, two bedrooms
Rooms average size; requires cleaning and cosmetic updating
Very high local crime rate and very deprived area
Small plot size; limited outdoor space
Close to local amenities and several good-rated schools
Suitable for buy-to-let investors or developers seeking rental income
This two-bedroom Victorian terraced house in Bishop Auckland is offered as a buy-to-let with a long-term tenant in place. The property currently produces a gross annual income of £5,040 with a realistic uplift to around £6,000 at market rent, presenting immediate rental yield for a cash buyer.
Internally the layout provides a spacious lounge, kitchen, two bedrooms and a three-piece bathroom across two storeys. Rooms are of average size; images indicate clutter and some decorating and cleaning are needed, so a modest budget for redecoration and light refurbishment should be expected.
Key positives include freehold tenure, close proximity to local amenities and schools, and the tenant’s history of consistent payments. Material drawbacks are the very high local crime rate, very high area deprivation, small plot size and the property’s basic condition — investors should factor these into valuations and management plans.
Suited to investors or developers seeking an income-producing addition, this house offers straightforward hands-off returns with short-term work potential to increase rent. Buyers should review the Let Property Pack and tenancy details carefully, and budget for routine repairs, decoration and active asset management given the area profile.
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