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Lanehead, Bishop Auckland, DL13

North East

£150,000
Listed on 29/12/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
1618 sqft

Description

This semi-detached three-bedroom house is set in a high vantage point, offering stunning views of the North Pennines. It represents an excellent opportunity for investors or cash buyers looking to embark on a renovation project. The property is being sold chain-free and is not suitable for mortgage financing due to the absence of utilities such as electricity and potable water. The layout includes a welcoming entrance porch, a spacious living room with a characterful fireplace, and a generously sized kitchen. Upstairs, you will find three double bedrooms alongside a family bathroom. The large south-facing garden is particularly noteworthy, providing expansive potential for landscaping and outdoor living areas to enjoy the breathtaking surroundings. Bordered by traditional dry stone walls, it offers both privacy and charm. Additionally, two outbuildings present opportunities for storage or even workspace development. With its substantial outdoor space and well-sized rooms throughout, this property invites creativity and restoration efforts to fully unlock its potential as either a tranquil retreat or an appealing family home within this picturesque rural area. Early viewings are encouraged to truly appreciate its possibilities.

Investment Analysis

(DL13 area)

Below Market Value

This property is priced -49.4% below area average per sq ft

-49.4%
Potential saving
This Property
£93/sq ft
Area Average
£183/sq ft

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£326,237
10% above area average per sq ft
Potential ROI
+35.9%
After renovation
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

Lanehead, Bishop Auckland, DL13
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£549
Based on a loan of £112,500 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.

Next Steps

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