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Stones End, Evenwood, Bishop Auckland, DL14

North East

£260,000
Listed on 11/04/2026

Property Details

Bedrooms
3
Type
Terraced
Area
1707 sqft

Description

This property represents a distinctive opportunity for investment and redevelopment, comprising two adjoining properties set on a generous plot of just under a quarter of an acre. The first property, formerly utilized as a beauty salon, features a shop front with an adjoining waiting area, a treatment room with plumbing, and potential for conversion into residential accommodation. There’s also an upper level that can serve as storage or further guest space. Pre-application advice from the council has indicated that converting this space to residential use is feasible, amplifying its investment potential. The second property is a sizable double-fronted three-bedroom house that retains valuable period features such as stained glass windows while also benefiting from modern refurbishments. The ground floor boasts bright reception rooms courtesy of bay windows, along with a rear kitchen that overlooks the expansive garden. An impressive bathroom completes the upstairs arrangement, along with three well-sized bedrooms. Notably, planning permission was previously granted for the construction of a detached three-bedroom house within the grounds; although this has lapsed, it reflects the potential for further development. Located in the heart of the village, this property offers easy access to essential amenities including schools rated 'Good' by Ofsted and local shops. With several possibilities for transformation and enhancement, this estate holds significant promise for both personal living space or rental opportunities.

Investment Analysis

(DL14 area)

Above Market Value

This property is priced +25.4% above area average per sq ft

+25.4%
This Property
£152/sq ft
Area Average
£122/sq ft
Avg Rent (weekly)
£126
Avg Yield
4.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£228,141
10% above area average per sq ft
Potential ROI
-32.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
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

Stones End, Evenwood, Bishop Auckland, DL14
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£921
Based on a loan of £195,000 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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