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Ravensworth Avenue, Bishop Auckland, Durham - Image 1
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Ravensworth Avenue, Bishop Auckland, Durham

North East

£60,000
Listed on 12/02/2026

Property Details

Bedrooms
3
Type
Terraced house

Description

This three-bedroom terraced house in Bishop Auckland presents a promising opportunity for renovation and investment. Offered with no onward chain, the property is ripe for modernization, making it an excellent choice for first-time buyers, investors, or families seeking to put their own stamp on a home. Located conveniently close to essential amenities such as supermarkets, schools, and a variety of shops and dining options, this property benefits from its proximity to the expanding Tindale retail park just 1.6 miles away. Public transport links are robust, providing easy access to nearby towns like Darlington and Durham as well as Newcastle further afield. Internally, the layout includes an entrance hall that opens into a sizeable living room with potential for reconfiguration or enhancement. Adjacent is a dining room that can accommodate a full dining set alongside additional furnishings. The kitchen features existing units and appliances but could benefit from updates to modernize its functionality and aesthetic appeal. The first floor houses a generous master bedroom plus two additional bedrooms that offer flexibility in use—ideal for families or as office space. The family bathroom currently includes essential amenities but requires updating to meet contemporary standards. Externally, the property comes with an enclosed yard featuring a brick storage shed and rear lane access—perfect for outdoor activities or additional storage needs. On-street parking is available at the front, adding convenience for residents and guests alike.

Investment Analysis

(DL14 area)
Area Average
£118/sq ft
Avg Rent (weekly)
£128
Avg Yield
5.1%

Renovation Potential

Medium 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
44
Average per month
Market Turnover
30%
Properties sold annually

Local Market Trend (DL14)

Area prices are rising by +6.9% over the last 12 months
3 year growth: +1.5%
5 year growth: +12.3%
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

Ravensworth Avenue, Bishop Auckland, Durham
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£216
Based on a loan of £45,000 over 30 years at 4.06% 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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