
North East
£55,000Guide Price
Listed on 07/11/2026
Listed on 07/11/2026
The listing
WHOTS analysis
An internal assessment of the opportunity to acquire, improve and create value.
Confidence: LOW
At £55,000, this is a distinctive four-unit conversion project, with separate meters and individual boilers already in place. The photographs show basic, partly unfinished interiors, loose materials, a boarded opening and external patching; there is scope to clear, complete and improve the accommodation. However, the floor area is missing, so value versus local £/sqf cannot be judged yet.
This is a heavy, complex project rather than a cosmetic refresh. The existing four-unit arrangement has no stated Building Regulations completion sign-off, so its planning and lawful-use position and the required approvals need careful professional verification before relying on the configuration. The roof cannot be fully assessed from the ground, and the listing notes damaged windows. The sale is by auction: bidding can take the hammer above the guide, so the eventual price may not stay this cheap.
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Transport
Bishop Auckland Rail Station
0.3 miles
Train · Bishop Auckland
Bishop Auckland West Station
0.4 miles
Train · Bishop Auckland
Shildon Rail Station
2.7 miles
Train · Shildon
Newton Aycliffe Rail Station
4.6 miles
Train · Newton Aycliffe
Contains public sector information from NaPTAN (DfT) licensed under the Open Government Licence v3.0.
Finance
Illustrative repayments based on the asking price, not a mortgage offer.
Current average 2-year fixed rate is 5.13%
Current average variable rate is 6.58%
These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
Tax
Indicative tax based on the asking price and the options you select.
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