Initial price	£50,000
15/02/25	£40,000
Price Change	-20.00%

This three-bedroom end-terrace property is being sold at auction with a guide price of £40,000 to £60,000. The property, located on Byerley Road in Shildon, is currently generating £6,600 annual income on an assured tenancy. The property has a large kitchen/dining room, two reception rooms, and three bedrooms on the first floor. The property also has an enclosed yard to the rear with gated access to the back lane. A new boiler was installed in 2021, and the property was previously used as commercial premises, with options available for change of use. The property is being sold with an unconditional contract, and a 5% buyer's premium and VAT will be added to the purchase price. The buyer will also need to pay a 5% deposit, and contracts will be exchanged immediately after the auction. The auction is taking place on February 26, 2025, and registration is now open.