2 bed terraced house for sale

7 Gray Terrace, Stanley, County Durham DH9

For sale by online auction on Tuesday, 27 May 2025 ending at 13:08

*online Unconditional Auction Opening 26 May 2025*

To register for the legal pack and bidding, please visit our website:



Situation:

The property is situate on Gray Terrace, Stanley, a popular and central residential area of this popular and well located town, near the centre with a wide range of facilities and amenities all within easy reach and supported by transport links. The North East coast is within easy reach, along with access to the surrounding towns and Cities, including Newcastle upon Tyne and Durham.

Description:

A wonderful opportunity to acquire this terrace house offered for sale with the benefit of an ongoing tenancy of £411 pcm (£4932 per annum), but there is an opportunity to add value to the property in a popular area of the town with strong rental demand. Ideal for investors and landlords. Current market rents in the area circa £550pcm (£6600).

At the time of preparing these details, no internal inspection was possible however accommodation believed to comprise:

Ground Floor

Entrance Hall

Lounge

Dining Kitchen
WC


First Floor

Bedroom 1

Bedroom 2

Family Bathroom

Outside

Gardens to front and rear.Material Information

Tenure:

The property is freehold. All prospective bidders should satisfy themselves of terms of the tenure, ground rent and service charge if applicable, by inspecting the legal pack.

Council Tax:

The property falls within Durham Council – band A

Possession:

Subject to existing tenancy agreement.

Viewing:

Strictly by appointment with Auction House.

Services:

Prospective purchasers are advised to make their own enquiries of the relevant statutory authorities. Nb: Services, Apparatus and Equipment have not been tested by Auction House and therefore cannot be verified as being in working order. The buyer is advised to obtain verification from their Solicitor/Surveyor.

These particulars are believed to be correct but their accuracy is not guaranteed and they do not form any part of any contract. Information relating to Rating and Town and Country Planning matters has been obtained by verbal enquiry onl

EPC Rating: D

Additional Fees
Buyers Premium: Non-refundable £3,600 inc VAT payable on the fall of the virtual gavel.

Administration Charge - Purchasers will be required to pay an administration fee of £480 inc VAT

Disbursments - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.

Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.

Price Information
* Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.