Summary - 7 EDWARD STREET ELDON LANE BISHOP AUCKLAND DL14 8TN
2 bed 1 bath Terraced
Affordable entry-level buy-to-let with immediate rental income and refurbishment potential.
Two double bedrooms with compact lounge and rear yard
This two-bedroom Victorian mid-terrace on Eldon Lane is offered for sale at online auction with a tenant in situ, providing immediate rental income of £3,840 per year. The property is freehold, council tax band A and has double glazing fitted post-2002. The compact footprint (approx. 862 sq ft) includes a lounge, kitchen/diner, utility room, bathroom, two double bedrooms and a rear yard — suitable for buy-to-let or a renovation project.
Key strengths include low council tax, existing tenancy, and a traditional brick facade in a built period of 1900–1929. The kitchen appears modern and there is basic double glazing, which reduces immediate glazing upgrade costs. Local services, schools and transport links are within walking distance, making the location practical for tenants.
Buyers should note important drawbacks: the area is classified as very deprived with very high local crime rates, and the property uses electric room heaters with electricity as the main fuel. Walls are solid brick with assumed no insulation, and the EPC is rated E. An administration fee of £3,600 (including VAT) is payable on exchange, and purchasers must consult the legal pack for further disbursements. The house will be sold via a national online auction with bidding dates specified by the auctioneer.
This property is best suited to investors seeking an entry-level rental with immediate income or buyers willing to refurbish and improve energy performance. Ensure you review the tenancy terms, legal pack and factor in energy and insulation upgrades before bidding.
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