Flat for sale in Princes Street, Bishop Auckland DL14

Generating a steady revenue of £30,000+ per annum, with excellent occupancy rates, these flats would suit a host just starting out or be a great addition to an existing portfolio. They are listed on the main short-term letting sites and also have their own website for private bookings.

High Specification Refurbishments: Recently renovated both internally and externally to a high standard.

Fully Furnished: Includes superking beds, fully equipped kitchens, stylish living rooms with comfortable sofabeds, TVs, display cabinets, and soft furnishings.

Modern Amenities: Nest thermostats, combi-boilers less than five years old, recently replaced downstairs windows, and new bathroom in the upstairs flat.

Potential for Expansion: Enormous loft space suitable for conversion into additional bedrooms with en-suites.

Outdoor Space: Beautifully remodelled front garden with iron scrollwork, new gate and railings, and shared back garden with recently replaced solid wood gates.

Excellent Condition: Roof in very good condition, sandstone facade repointed in lime and weatherproofed, brick rear of the house fully rendered for breathability and insulation and guttering recently redone. Both flats decorated in Farrow & Ball and Earthborn paints.

The ground floor flat features a large kitchen/dining room with oak surfaces, modern cooker, electric hob, and washer-dryer. The period features include cornicing details and central chandelier hubs in the bedrooms and living room, which also boasts a double-fronted bay window.

The first floor flat includes a newly installed whirlpool bath and integrated standing shower, a generously sized living room with a cosy gas-powered fireplace, and a modern kitchen with an electric hob, oven, dishwasher, washing machine and tumble dryer.

The flats can be remotely managed from wherever you are in the country.

The ground floor flat features a large kitchen dining room, with bathroom (bath and separate shower) next to it. The kitchen has oak surfaces, modern cooker and electric hob and a washer-dryer. The bedrooms and living room have period features with cornicing detail and central chandelier hubs. The living room boasts a double fronted bay window onto a corner front garden also the property of the flat and recently remodelled with iron scrollwork, new gate and railings.

The first floor flat has a whirlpool bath and integrated standing shower with door. The whole bathroom was replaced in early 2024 and is a standout feature of the flat. The living room is very generously sized and has a cosy gas-powered fireplace as well as radiators. There is a bedroom off it and the other bedroom off the hallway with big windows letting in lots of light. The kitchen is equipped with modern electric hob, oven, dishwasher and tumble dryer and has space to dine in.

Notes: The flats are eligible for business rate relief with negligible costs and a low cost waste disposal agreement is in place with the council. The flats are being sold freehold as the pair under separate title deeds. All accesses to the website, house automations and guest hosting processes will be shared by the seller and taught to the new owner as part of the sale.

Bishop Auckland boasts a large array of tourist attractions ranging from the castle and Roman Ruins through to galleries, museums and the annual open air show Kynren. Durham is a half hour minute drive away and people use the flats both for destination holidays and also as a convenient stopping place between London and Scotland. The flats have received consistently high ratings (4.87 and 4.73) and have been offered out as holiday lets for the past 8 years.

Block viewing dates:

7th August 10am - 2:30pm
8th August 10am - 2:30pm
9th August 10am - 2:30pm
10th August 9am - 12pm

Please knock on the door of 1A Princes Street to be shown around the flats by the seller.
When enquiring please quote IATA22731