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Gurney Valley, CLOSE HOUSE, Bishop Auckland

North East

£79,950
Listed on 10/04/2026

Property Details

Bedrooms
2
Type
Terraced

Description

Presenting a two-bedroom terraced house located in the scenic Gurney Valley area of Bishop Auckland, this property offers considerable potential for renovation and investment. The home is in need of comprehensive refurbishment, giving buyers the opportunity to create a personalized living space. It features a spacious front garden with open views, a single detached garage, and practical amenities including a kitchen/diner that leads to a lounge with patio doors opening to the garden. The layout includes a ground floor W/C, first floor bathroom equipped with essential fixtures, and room to access the loft from the landing. With UPVC double glazing and gas central heating in place, significant work is still required throughout to enhance its livability and modernize its aesthetic appeal. This property comes with no onward chain, making it an attractive proposition for investors or first-time renovators eager to tap into the local market.

Investment Analysis

(DL14 area)
Area Average
£122/sq ft
Avg Rent (weekly)
£126
Avg Yield
4.3%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£25,000 - £40,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
46
Average per month
Market Turnover
15%
Properties sold annually

Local Market Trend (DL14)

Area prices are rising by +6.0% over the last 12 months
3 year growth: +3.6%
5 year growth: +9.0%
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

Gurney Valley, CLOSE HOUSE, Bishop Auckland
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Mortgage Calculator

£
£
£
%
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years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£283
Based on a loan of £59,962 over 30 years at 3.91% 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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