According to the public record, 4, Prospect Terrace, Bishop Auckland is a period freehold house with 721 ft2 of internal area and sits on a 59.4 m2 plot.
Houses of this size in this area normally have 2 bedrooms with a garden.
Prospect Terrace, Cockfield, Bishop Auckland, DL13 is located within the DL13 postal district.
4, Prospect Terrace, Bishop Auckland has a single entry in the Land Registry database from April 2017 and a single entry in the EPC database dated May 2016.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 4 Prospect Terrace Bishop Auckland as £76,261 and the rental value as £453 per month giving an expected gross yield of 7.1%.
Over the last 12 months the sale value of 4 Prospect Terrace Bishop Auckland has increased by £3,907 (5.1%) and its rental value has increased by £54 per month (11.8%).
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 4, Prospect Terrace, Bishop Auckland is in very good condition we estimate a sale value of £80,074 and rental value of £476 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £70,923 and a rental value of £422 per month.
If you were able to purchase this property for the estimated value of £76,261, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £375 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to data from HM Land Registry, 4, Prospect Terrace, Bishop Auckland sits on a plot of 59m2.
We have plot size data on 7 out of 13 other houses in the postcode and 4, Prospect Terrace, Bishop Auckland sits on the 6th largest plot.
According to HM Land Registry, 4, Prospect Terrace, Bishop Auckland was last sold on 12 Apr 2017 for £50,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Apr 2017, the market for similar properties has risen 33.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 4, Prospect Terrace, Bishop Auckland within a radius of 3.5 kilometres over the last 2 years.
The most recent example is 9, Prospect Terrace, Bishop Auckland, DL13 5HA, a Freehold house which sold for £66,000 in Dec 2023.
Read more about house prices in DL13.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Prospect Terrace, Cockfield, Bishop Auckland, DL13 has a total of 13 addresses. According to our analysis of all the public data, 4, Prospect Terrace, Bishop Auckland is the 11th largest and the 12th most expensive property on the street.
When compared to the postcode district it is £142k less expensive than the average property in DL13.
4, Prospect Terrace, Bishop Auckland has an Energy Performance Rating (EPC) of F. This is based on the most recent assessment, dated 13 May 2016.
The property is not connected to mains gas and has fully double glazed windows. It is heated using an oil fired boiler and radiators.
The closest station to 4, Prospect Terrace, Bishop Auckland is Bishop Auckland station which is 9.9 kilometres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 4, Prospect Terrace, Bishop Auckland, 46.6% of property is privately owned outright and 25.2% is privately owned with a mortgage.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 4, Prospect Terrace, Bishop Auckland, 14.9% of residents are recorded as possessing school level qualifications and 23.5% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around 4, Prospect Terrace, Bishop Auckland, the average age was 47.1 and the most common age was 57.
The graph below shows how this compares to North East and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 4, Prospect Terrace, Bishop Auckland, 0.0% of property was a second home.
Comparison figures for North East and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 4, Prospect Terrace, Bishop Auckland, there are an average of 1.4 cars per household.
See below for how this compares to North East and the rest of England & Wales.