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Front Street, Lanchester, County... 3 bed terraced house for sale
Front Street, Lanchester, Durham, DH7
£170,000
Front Street, Lanchester, Durham, DH7
£170,000
Our Summary
- For Sale by Online Auction on 31st July 2025An ideal investment opportunity, this terraced property (formerly two) consists of a cottage with attached commercial units currently occupied by long standing businesses including a hardware store and a hairdresser on part of the first floor, there is a combined rental income of approximately £10,000 per year
- OPTION ONE – On the fall of the electronic gavel the buyer pays a 10% deposit to The Agents Property Auction Limited subject to a minimum of £3,000
- Where sales are agreed prior or post auction and The Agents Property Auction Limited are in possession of a legal pack, exchange occurs on the buyer signing the Auction Contract, payment of the deposit and The Agents Property Auction Limited completing their customer due diligence
- Updating Required
Description
This terraced property, formerly two separate dwellings, offers a unique investment opportunity with a combined rental income of approximately £10,000 per year. The property features a cottage with attached commercial units, currently occupied by long-standing businesses, including a hardware store and a hairdresser. The cottage itself has gas-fired central heating and some double-glazed windows, and includes an entrance hall, lounge, dining room, kitchen, and two bedrooms on the first floor. The commercial side has a hardware store on the ground floor and a hairdresser on the first floor, with yard areas and a large garden to the rear. Located in Lanchester, the property benefits from a thriving community, local shops, restaurants, and amenities, as well as good transport links to Durham, Consett, and beyond. The property is being sold by online auction on July 31st, 2025, with a 10% deposit required on the fall of the electronic gavel.