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Guide price
£130,000

Property for sale

Stanley DH9
Auction
Property
Added > 14 days

Features and description

  • Tenure: Freehold
  • In need of modernisation
  • View more: underthehammer.com

For Sale by under the hammer online auction. Thursday 20th - Thursday 20th February 2025 - Head over to our website to download the legal pack, register to bid and see more information.

A vacant freehold mixed use property with a potential rental income of £24,000 pa

This vacant freehold mixed-use property offers a fantastic opportunity for renovation and investment. It comprises of a ground floor commercial unit, previously used as a cafe, and two x two bedroom duplex apartments 

The ground floor features a spacious café/retail area leading to a commercial kitchen, with internal access to the first duplex apartment.

The first duplex apartment comprises a generously sized lounge, kitchen, and family bathroom on the first floor, with two well-proportioned bedrooms located on the second floor.

The second duplex apartment has its own separate access and includes a lounge, kitchen, and family bathroom on the first floor, with two bedrooms on the second floor.

The property is in need of refurbishment but is surrounded by well-maintained properties, presenting significant potential for value addition or conversion into multiple residential units, subject to planning permission.

Once renovated to a good standard, the property could achieve a rental income of approximately £2,000 per month (£24,000 pa), making it an excellent opportunity for landlords and investors seeking high-yielding returns.

Stanley, is a popular town in County Durham, known for its welcoming community and convenient amenities. The area offers a range of local shops, supermarkets, and eateries, as well as excellent transport links to nearby towns such as Chester-le-Street and Durham City. Surrounded by beautiful countryside, Stanley provides a blend of urban convenience and rural charm, making it an appealing location for families, professionals, and investors alike.

Here's what to do next

  • Visit - Our website and view the auction terms.
  • View - Book a viewing directly through our website.
  • Register - Get registered prior to the auction opening date.
  • Legal Pack - Download and view the legal pack to find out all the relevant information.
  • Prior Auction Offer - Want it now? Submit a prior auction offer through our website. All offer's go direct to the seller.
  • Bidding - Everything is completed online through the website and the intuitive bidding controls.
If you would like your property to go into our next auction then contact our auction experts on[use Contact Agent Button] or submit a valuation on our website
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About this agent

Under The Hammer - Birmingham
Under The Hammer - Birmingham
61 Charlotte Street, St Pauls Square Birmingham B3 1PX
020 8033 9313
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