A County Durham street has shocked prospective house buyers after one property is on the market for £1.5m while another next door sold for just £38,000. 

Dilks Street in Bishop Auckland might be something of a contrast for people to look at.

As one of the main streets for people entering the town from Darlington, it might strike you as a normal and industrial-style road with car garages and a hotel on one side and properties on the other, but it has more than meets the eye.

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The street also has one of the most major contrasts of all; being a location where a property is currently on the market for £1.5m next to another that's sold at £38,000. 

The Northern Echo: Tindale TowersTindale Towers (Image: ZOOPLA)

Currently on the market, Tindale Towers is a white mansion-style house that boasts a games room, pool, gym, five bedrooms and plenty of advanced tech features.

The Northern Echo: Dilks Street in Bishop AucklandDilks Street in Bishop Auckland (Image: GOOGLE MAPS)

Having starred on Channel 4's 'I Own Britain's Best Home' and won several awards, the house has failed to sell for some time, having been available at one point for £2.3m.

Now available for a cut price of £1.5m, the Art Deco mansion has seen its price tag reduced with the owners even attempting to raffle it off.

In contrast, one house that has sold over the last two years while Tindale Towers has been for sale is a two-up-two-down end-of-terrace on Dilks Street, Bishop Auckland, which sold in April 2021 for £30k, according to property site Zoopla.

The Northern Echo: The house that sold on Dilks Street for £38k in 2021The house that sold on Dilks Street for £38k in 2021 (Image: ZOOPLA)

Owners Mike and Jules Keen built the luxury home in 2007 after buying an adjoining plot of land next to their bungalow.

The couple, who own their own furniture business, tried to sell the home in 2016 for £3.65m but took it off the market after it failed to sell.

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The lowered and reduced price tag however is still nearly 10 times more than the neighbouring terraces combined – and 18 times the £128,000 average value of local homes.

Since discovering the gulf in prices between the £38,000 terrace and £1.5m mansion, people have been raising their eyebrows at how such a thing could happen. 

Can you think of any other locations where the house price is a real contrast? Let us know in the comments section.