Collingwood Street, Coundon, Bishop... 3 bed terraced house for sale

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Collingwood Street, Coundon, Bishop... 3 bed terraced house for sale

Collingwood Street, Coundon, Bishop Auckland, DL14
£55,000

Price History

Initial price £75,000
19/10/24 £65,000
12/03/25 £59,000
26/03/25 £55,000
Price Change -26.67%

Description

This mid-terraced house in Coundon, a short drive from Bishop Auckland and Spennymoor, is being sold through online auction with a 10% deposit required upon the fall of the electronic gavel, subject to a minimum of £3,000. The property has undergone a full refurbishment and has been rented out to a tenant paying £550 per month, generating a gross return on investment of nearly 9%. The property features double glazing, a new heating system, re-wired electrics, and impressive room dimensions. The accommodation includes an entrance hallway, open-plan living room/dining room, kitchen with breakfast area, three bedrooms, and a family bathroom. With its modern finish and village location, the property is expected to appeal to a wide range of buyers. The asking price is expected to generate an over 10% gross return on investment.