Initial price	£15,000
29/07/25	£20,000
01/08/25	£10,000
Price Change	-33.33%

This property, located on Fern Avenue in Stanley, is a wonderful opportunity for investors and landlords to acquire a freehold terrace house with a current tenancy agreement generating £3,900 per annum. The property is situated in a popular and central residential area, close to the town center and with easy access to the North East coast, Newcastle upon Tyne, and Durham. The property is believed to comprise a ground floor entrance hall, lounge, dining kitchen, and two bedrooms on the first floor, with a family bathroom. The property also benefits from gardens to the front and rear. The current market rent in the area is circa £6,600 per annum, providing a potential increase in value for the property. The property is subject to an existing tenancy agreement and prospective bidders should satisfy themselves of the terms of the tenure, ground rent, and service charge by inspecting the legal pack. Viewings are strictly by appointment with Auction House.