Summary - 8 FLEET STREET BISHOP AUCKLAND DL14 6HQ
2 bed 1 bath Terraced
Chain-free two-bed terrace with courtyard and clear rental potential..
Victorian two-bedroom terraced house with period features
A compact Victorian two-bedroom terrace in central Bishop Auckland offering clear investment potential. The property is chain-free and sold at auction, positioned for a quick purchase and letting cycle. With an estimated minimum rental income of around £600 pcm, it suits investors seeking immediate yield or first-time buyers willing to renovate.
The house has generous room proportions, double-glazed windows and a separate utility room. Practical benefits include freehold tenure, no flood risk, excellent mobile signal and fast broadband — useful for lettings or homeworking. A small enclosed rear courtyard provides private, low-maintenance outdoor space.
Material drawbacks are straightforward: the property needs renovation and is located in a deprived area with above-average crime levels, which will affect tenancy demand and pricing. Buyers should also allow for auction costs: a Buyer Information Pack fee (£349) and a non-refundable Reservation Fee of 4.5% of the purchase price (minimum £6,600), payable on exchange.
Nearby amenities and several local schools (including Good-rated primaries and secondaries) sit within walking distance, supporting lettings to families and local workers. Overall this is a short-term project for investors or DIY buyers ready to refurbish and re-let or resell.
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