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3 bed property, in Front Street, £55,000
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3 bed terraced house

Front Street, West Auckland, Bishop Auckland
£55,000

Our Summary

  • Rarely does a property with this much character, history and potential come to market at such an attractive price
  • Recently refreshed with new carpets and flooring, the property also benefits from a substantial full-height cellar offering excellent storage and future potential
  • An ideal investment opportunity with potential rental yields exceeding 10%, or an affordable purchase for buyers seeking a unique home packed with character and outstanding investment potential, all within easy reach of Bishop Auckland, the A68 and the beautiful surrounding County Durham countryside
  • One of the property's most intriguing features is the substantial full-height cellar beneath, offering extensive storage and exciting future potential, subject to any necessary consents and approvals
  • Whether utilised as storage, workshop space or explored for further development, it represents a valuable asset rarely found at this price point
  • With an asking price of only £55,000, generous accommodation, significant character and potential rental returns in excess of 10%, this represents an excellent investment opportunity or affordable purchase for buyers seeking something a little different

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Description

The property is a ground floor flat occupying a prominent position overlooking the village green in West Auckland. It has three bedrooms, two reception rooms, a large kitchen, and a family bathroom. The flat has recently been refreshed with new carpets and flooring, and it benefits from a substantial full-height cellar offering storage and potential for future development.

Externally, there is a small enclosed outdoor area providing private outside space. The property is situated on Front Street in a historic public house and has a leasehold tenure.