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Meadowcroft, Cockfield, Bishop Auckland - Image 1
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Meadowcroft, Cockfield, Bishop Auckland

North East

£340,000
Listed on 23/02/2023

Property Details

Bedrooms
4
Type
Detached house

Description

This four-bedroom detached home is located in a peaceful residential cul-de-sac within the village, presenting a unique opportunity for renovation and investment. The property features a driveway and an integrated garage, providing convenient off-street parking. It offers picturesque countryside views over the surrounding fields, enhancing its serene setting. The home is situated within a short distance of essential local amenities, including schools and shops, with Barnard Castle, Staindrop, and Bishop Auckland town center just a few miles away. These nearby towns offer additional services such as healthcare facilities and recreational options, along with excellent transport links to wider areas. Internally, the layout includes an entrance hall that leads to a spacious living room filled with natural light, equipped with a gas fire and ample space for furnishings. Adjacent to the living room is a well-sized dining room featuring sliding doors that open into a conservatory—this versatile space overlooks the garden and provides direct access to an outdoor patio area. The kitchen includes wooden wall and base units complemented by work surfaces, alongside space for appliances. A utility room adds practicality with extra storage and laundry capabilities. A cloakroom on the ground floor enhances convenience for guests. The first floor accommodates four bedrooms: the master bedroom boasts an en-suite bathroom while three additional bedrooms provide comfortable space for family or guests. The family bathroom includes modern fixtures such as a walk-in shower. Externally, the property features well-maintained front and rear gardens; the rear garden is particularly spacious with established borders that could be ideal for landscaping projects or outdoor entertaining. Notably, there is also a building plot located to the side of the house which comes with lapsed planning permission. This aspect presents exciting development possibilities—whether you envision expanding your living space or exploring new investment opportunities. Overall, this property not only offers immediate comfort but also substantial potential for future enhancement or expansion through renovation or development.

Investment Analysis

(DL13 area)
Area Average
£183/sq ft

Renovation Potential

Light Refurb
Est. Renovation Cost
£15,000 - £30,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
17
Average per month
Market Turnover
18%
Properties sold annually

Local Market Trend (DL13)

Area prices are falling by +12.6% over the last 12 months
3 year growth: -11.2%
5 year growth: -2.9%
Investment Disclaimer: Analysis based on DL13 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Meadowcroft, Cockfield, Bishop Auckland
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Mortgage Calculator

£
£
£
%
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years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,246
Based on a loan of £255,000 over 30 years at 4.19% interest

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.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE