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Collingwood Street, Coundon, Bishop Auckland, Durham, DL14 8LH - Image 1
Collingwood Street, Coundon, Bishop Auckland, Durham, DL14 8LH - Image 2
Collingwood Street, Coundon, Bishop Auckland, Durham, DL14 8LH - Image 3
Collingwood Street, Coundon, Bishop Auckland, Durham, DL14 8LH - Image 4
Collingwood Street, Coundon, Bishop Auckland, Durham, DL14 8LH - Image 5
Collingwood Street, Coundon, Bishop Auckland, Durham, DL14 8LH - Image 6
Collingwood Street, Coundon, Bishop Auckland, Durham, DL14 8LH - Image 7
Collingwood Street, Coundon, Bishop Auckland, Durham, DL14 8LH - Image 8
Collingwood Street, Coundon, Bishop Auckland, Durham, DL14 8LH - Image 9
Collingwood Street, Coundon, Bishop Auckland, Durham, DL14 8LH - Image 10
Collingwood Street, Coundon, Bishop Auckland, Durham, DL14 8LH - Image 11

Collingwood Street, Coundon, Bishop Auckland, Durham, DL14 8LH

North East

£70,000
Listed on 02/08/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This substantial commercial property presents a compelling investment opportunity for those looking to undertake a full renovation. Spanning approximately 502sqm (5,403sqft), it features a shop front with secure storage, a main office area with a bay window, and various first-floor rooms that include store spaces and W.C. facilities. The layout allows for versatility in potential uses, subject to obtaining the necessary planning permissions. The property is complemented by extensive warehouse space to the rear, accessible via roller shutter doors that lead to loading bays—ideal for businesses requiring efficient operations. A staircase and pulley system facilitate the movement of heavy goods, enhancing functionality. The unique chapel conversion within the property adds character and further utility through its dual access points. Situated in Coundon centre on Collingwood Street, this location benefits from proximity to essential amenities like a GP surgery and pharmacy, as well as good transport links to Bishop Auckland, Durham, and Darlington. This property stands out as a blank canvas ready for a visionary buyer willing to invest in its transformation.

Investment Analysis

(DL14 area)
Area Average
£118/sq ft
Avg Rent (weekly)
£136
Avg Yield
5.4%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£70,000 - £120,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
47
Average per month
Market Turnover
27%
Properties sold annually

Local Market Trend (DL14)

Area prices are rising by +7.1% over the last 12 months
3 year growth: 2.3%
5 year growth: 7.7%
Investment Disclaimer: Analysis based on DL14 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

Collingwood Street, Coundon, Bishop Auckland, Durham, DL14 8LH
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Mortgage Calculator

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£
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years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£256
Based on a loan of £52,500 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