Richard Terrace, Coronation, Bishop Auckland, DL14 8SL

Property Overview

Richard Terrace, Coronation, Bishop Auckland, DL14 8SL. A two-bedroom mid-terrace house, sold as seen and available with no onward chain. The property has UPVC double glazing throughout, an enclosed rear yard and a front garden laid to lawn. It lies within a Selective License Area.

Accommodation

• Entrance hallway with stairs rising to the first floor
• Open-plan living room/dining room
• Rear kitchen with storage units, worktops and space for freestanding appliances
• Two first-floor bedrooms, with fitted wardrobes to the main bedroom
• Rear shower room
• Enclosed rear yard and front garden

Location

Richard Terrace is located in Coronation, a short distance from Bishop Auckland town centre in one direction and Shildon in the other. The front garden looks onto a wooded area.

Tenure & Key Information

• Tenure: Unregistered – to be confirmed
• EPC: D
• Council Tax: Band A
• Seller advises mains gas, electricity, water and sewerage
• Very low risk of surface water flooding, as advised
• Occupancy status, parking and heating details have not been supplied

Auction & Buyer Charges

• Guide price: £40,000+
• Auction date: 30th September 2026
• Auction administration fee: £2,000 plus VAT, totalling £2,400, payable by the successful buyer
• If a buyer chooses to use a North East based solicitor from the auctioneer's panel, the auctioneer receives a referral fee of between £200 plus VAT (£240) and £400 plus VAT (£480)

Investment Analysis

HB estimates: The five same-street completed sales supplied range from £30,000 to £60,000, with an average of £42,200 and a median of £35,000. The two 2025 sales were £35,000 and £55,000. The £40,000+ guide is within the supplied evidence range, although condition, exact property identity and tenure remain unconfirmed.

HB estimate: A £40,000 hammer bid would cost at least £42,400 including the £2,400 auction administration fee, before any other costs.

No reliable HB estimate can be calculated for refurbishment, rent, gross yield or maximum bid from the supplied evidence. Asking or estimated rent should not be treated as achieved or passing rent.

Sold Comparables

Sold comparable evidence supplied:

Property	Sold price	Sold date	Type	Tenure
3 Richard Terrace, Coronation, Bishop Auckland, DL14 8SL	£55,000	9 October 2025	Terraced	Freehold
14 Richard Terrace, Coronation, Bishop Auckland, DL14 8SL	£35,000	10 January 2025	Terraced	Freehold
10 Richard Terrace, Coronation, Bishop Auckland, DL14 8SL	£30,000	16 April 2024	Terraced	Freehold
18 Richard Terrace, Coronation, Bishop Auckland, DL14 8SL	£60,000	23 February 2024	Terraced	Freehold
10 Richard Terrace, Coronation, Bishop Auckland, DL14 8SL	£31,000	4 September 2023	Terraced	Freehold

Rental Evidence

No advertised rental evidence or auctioneer estimated rent was supplied. No achieved or passing rent is stated.

Strategy & Risks

HB estimate: Treat £40,000 as an evidence-supported but not risk-free entry point. Confirm the title, tenure, legal pack and physical condition before bidding. No defensible maximum bid can be calculated without condition, rent or full acquisition-cost information.

• Unregistered tenure is stated to be subject to confirmation
• Property condition and required refurbishment are not supplied
• Occupancy status is not supplied
• No rental evidence or auctioneer rent estimate is available
• Same-street sale prices vary materially from £30,000 to £60,000
• The £2,400 auction administration fee is payable by the successful buyer