Gudmunsen Avenue, Bishop Auckland


Located in a well-connected area of Bishop Auckland, this property was an ideal rental property. The property had gas central heating, double glazing, but needed some light works – mostly carpets to bring it up to scratch.  Many investors spotted the opportunity in this property, and the eventual investor ended up reserving this property and one other, to boost their portfolio

Discount Available: 20%

Property Type: 3 bed semi-detached

Open Market Value: £75,000

Net Purchase Value: £60,000

Equity Bonus: £15,000

Estimated Rental: £400

Yield: 8%

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