15 Spencer Street, Bishop Auckland
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15 Spencer Street, Bishop Auckland

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We have confidence in this estimated current valuation Updated recently
£23,400
Or £152 per month to rent Powered by AVM
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Transaction history

Listing history

For Sale
Apr 14, 2016
£18,000

Property Description

Data accuracy has been partially verified for this property. More info on modelled data points below.

Our analysis

Welcome to 15 Spencer Street, Bishop Auckland, a cozy and compact terraced type home with 2 bed in the DL14 8TL area. This lovely residence, which comes with the freedom and stability of a freehold ownership, and sits comfortably in tax band .

This classic property was built The local area is known for its high value-to-quality ratio - with a market valuation of £23,400 and a rental potential of £152 per month, , it represents not just a residence but a worthwhile investment in a sought-after area.

You can discover more about this property by reading the Mouseprice attributes tables in the next section, or if you are the owner and would like to update this property, for example if you've built an extension, you can do so at the top of this page.

Additional analysis

In addition to our own current description, this property has received a tailor-made description dated to Apr 14, 2016. It's possible the property has changed since then, but we are dedicated to giving you everything you need to make smart property decisions. Here's a snippet, and if you'd like to view the full thing, just click to expand.

" Click through for full illustration of rental income, % returns etc....

Rental Return = £390 pcm

Professional management 10% = £39 pcm

Deposit 20 % = £3,600

Refurbishment Cost = £15,000

Loan 80% LTV with 4% Int Rate = £48 pcm

Positive Cash Flow = £303 pcm

Return on Capital Invested = 22.1%

Return on Cash Purchase = 14.1%


Figures are for illustration purposes only, contact a financial adviser for personalised projections

Local area: An excellent time to purchase a Below Market Value in County Durham
Launching in July 2016, The Eleven Arches project which will feature 'Kynren - an Epic tale of England' set in the grounds of Auckland Castle, Bishop Auckland. Hailed as a must see attraction, will attract up to 800,000 visitors a year. The £60 Million project to renovate Auckland Castle & Bishop Auckland Market Place is also well underway.Copy & paste this link into your browser for details: www.thisisdurham.com/kynren. In Newton Aycliffe, an £82m Hitachi train factory has been officially opened in September 2015. The Hitachi plant will employ 730 workers assembling high-speed Intercity trains for the East Coast and Great Western main lines. The Prime Minister David Cameron said it was a "show of confidence" in the region. "This is Hitachi's first factory in Europe and their massive investment is a sign of their commitment to the United Kingdom and a real show of confidence in our economy and of confidence in the North East,"

Approx year built:
1920

Type of property:
End terrace

Structure:
Brick

Roof:
Tile

Tenure:
Freehold

External:
Rear yard with gated access to double driveway

Approx rebuild cost:
£140k for insurance purposes


£1000 Reservation fees apply to begin the purchase process

"

Property Data

Data point Compared to road

Estimated running costs

Running cost(monthly) Cost Opportunity
Mortgage £106 Try Mortgage Tracker
Energy ££600 Try Energy Switcher
Water £50 Water meter checkup
Broadband £30 Find better offers
Home insurance £13 Explore insurance

Schools and stations

Nearby Schools
Bishop Barrington School A Sports with Mathematics College
0.1mi
St Anne's CofE Primary School
0.2mi
St John's School & Sixth Form College - A Catholic Academy
0.2mi
Evergreen Primary School
0.2mi
Bishop Auckland College
0.2mi
Nearby Stations
Bishop Auckland Station
0.6mi
Shildon Station
2.9mi
Newton Aycliffe Station
4.9mi
Heighington Station
5.8mi
Durham Station
9.7mi

Comparable properties

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Photos

Strengths and Opportunities

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Renovation improvements

🤔
New Kitchen
This could increase your home value by £15,000
🤔
New Bathroom
This could increase your home value by £5,000
🤔
Air Conditioning
This could increase your home value by £7,000

Cost improvements

🤔
Suggestion: Switch energy provider
Click here to view providers

Strengths

😀
Strength: Freehold ownership
This property has the support and stability of full freehold ownership.
😀
Strength: Good price per square metres
The most similar local properties have a comparable price per square metre.

There's even more data available!

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Frequently asked questions

  1. How much is 15 Spencer Street, Bishop Auckland worth?

    15 Spencer Street, Bishop Auckland is now worth £23,400 according to our Mouseprice AVM.

    If you would like to book a free agent valuation for 15 Spencer Street, Bishop Auckland - click click here to get a valuation with no strings attached.

  2. What is the rental value of 15 Spencer Street, Bishop Auckland?

    The current rental valuation for this property is £152 per month, within a price range of £137 and £167.

  3. How many bedrooms does 15 Spencer Street, Bishop Auckland have?

    This property has 2 bedrooms. Search for nearby properties with 2 bedrooms - for sale and to rent.

  4. What are the nearest schools and stations to 15 Spencer Street, Bishop Auckland?

    Nearby schools in include Bishop Barrington School A Sports with Mathematics College, St Anne's CofE Primary School, St John's School & Sixth Form College - A Catholic Academy, Evergreen Primary School, Bishop Auckland College

    Nearby stations in include Bishop Auckland Station, Shildon Station, Newton Aycliffe Station, Heighington Station, Durham Station.

  5. What type of property is 15 Spencer Street, Bishop Auckland

    This is a Terraced property. There are 23 other Terraced properties on SPENCER STREET, and 26 in total.

  6. When was 15 Spencer Street, Bishop Auckland built? How old is 15 Spencer Street, Bishop Auckland?

    15 Spencer Street, Bishop Auckland was was built between .

Breadcrumbs

Disclaimer

Whilst all reasonable effort is made to ensure the information in this publication is current, Mouseprice does not warrant the accuracy or completeness (including reliability, currency or suitability) of the data and information contained on this page, and accepts no liability (including without limitation, liability in negligence) for any loss or damage or costs (including consequential damage) arising in connection with the data and information contained on this page.

Nearby locations

Darlington, Durham Richmond, North Yorkshire Barnard Castle, Durham Bishop Auckland, Durham Crook, Durham Spennymoor, Durham Ferryhill, Durham