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Fore Bondgate, Bishop Auckland, County Durham, DL14

North East

£105,000
Listed on 02/05/2026

Property Details

Bedrooms
2
Type
Terraced
Area
1488 sqft

Description

This substantial mixed-use property spans five levels and presents a unique opportunity for investors or developers looking to capitalize on its renovation potential. Previously utilized as a green grocer, the ground floor features a vacant retail space that could be tailored to meet current market needs, alongside a storage area and a secure external yard. The residential aspect is accessible via a side entrance leading to two one-bedroom flats located on the first and second floors, while an attic on the top floor offers additional possibilities for conversion or storage. Notably, planning permission was granted in 2022 for transforming the property into three holiday lets complemented by the ground floor shop, enhancing its investment viability amidst an area experiencing positive redevelopment influences from local initiatives. Positioned in Fore Bondgate, a street known for its independent shops and high foot traffic due to nearby historical sites, this property holds great promise for those willing to undertake refurbishment works.

Investment Analysis

(DL14 area)

Below Market Value

This property is priced -44.5% below area average per sq ft

-44.5%
Potential saving
This Property
£71/sq ft
Area Average
£127/sq ft
Avg Rent (weekly)
£131
Avg Yield
4.3%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£207,955
10% above area average per sq ft
Potential ROI
+6.6%
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 +2.4% over the last 12 months
3 year growth: +3.2%
5 year growth: +7.8%
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

Fore Bondgate, Bishop Auckland, County Durham, DL14
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£375
Based on a loan of £78,750 over 30 years at 3.97% 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.

Stamp Duty Calculator

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