Eldon Street, Darlington
North East
£40,000Guide Price
Listed on 20/10/2026
Listed on 20/10/2026
The listing
Property details
Bedrooms
2Type
TerracedFeatures
- Garden
- Tenanted
Description
Offered at auction, this two-bedroom mid-terraced house is sold with a sitting tenant paying £370 per calendar month. The accommodation comprises an entrance vestibule, lounge and kitchen/diner on the ground floor, with two bedrooms and a bathroom above. Double glazing and gas central heating are stated, and there is an enclosed rear yard.
The property is described as requiring internal modernisation and improvement. It is in Darlington, close to local amenities. The sale uses the Modern Method of Auction, with a 56-day reservation period. Buyers should review the information pack and account for the non-refundable reservation fee, which is 4.5% of the purchase price including VAT, subject to a £6,600 minimum.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
49out of 100
Grade ELow opportunity
Confidence: LOW
At £40,000, this two-bedroom terrace offers a modest modernisation project, with dated finishes across the photographed rooms and scope to refresh the décor, flooring and fittings. The front elevation looks broadly intact, and the listing describes double glazing, gas central heating and an existing tenant paying £370 per month. The kitchen’s older cabinets and the bathroom’s dated fittings give the next owner clear choices about whether to refresh or replace them.
The score is 49/100 (E, Low Opportunity). The listing gives a floor area of 645 sq ft, but the scoring assessment could not use it, so value against local £/sq ft cannot yet be judged. The renovation range is £12,000–£26,000; checking the property’s condition and the auction terms, including the reservation fee, will help clarify the overall proposition.
Key opportunities
- Refresh the dated décor and flooring in the lounge and bedrooms.
- Assess whether the older kitchen cabinets and basic fittings merit a refresh or replacement.
- Review the bathroom’s older fittings and tiled surrounds as part of a targeted update.
Key risks
None recorded.
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Finance
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Illustrative repayments based on the asking price, not a mortgage offer.
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Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
Monthly Repayments
£151
Based on a loan of £30,000 over 30 years at 4.45% 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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