For Sale by Auction on 29th January 2026
A substantial end of terrace building of traditonal construction beneath a pitched roof arranged over basement, ground and two upper floors.
The building provides fourteen self-contained flats arranged as follows:
- 10x one bedroom fllats
- 1x two bedroom flat
- 3x three bedroom flats
The auctioneers have not inspected the flats internally but are informed that all of the flats require some form of refurbishment.
Location
Stanley lies in County Durham approximately 9 miles north west of Durham city centre and 10 miles south west of Newcastle upon Tyne. It can be accessed via the A693, which provides direct access to the A1(M) approximately 4 miles to the east. Nearby Chester-le-Street railway station provides regional and national rail links including regular direct services to London King's Cross. Additonally numerous bus routes serve the area and Newcastle International Airport is approximately 13 miles to the north.
Station Road forms part of the A6076 and runs north from the town centre. The property lies on the west side of the road in a mixed commercial and residential location and close to the open spaces of Oakey Park.
Accommodation
Unit 1 - Basement - 1 Bedroom - 65 sq m (699 sq ft)
Unit 2 - Basement - 2 Bedrooms - 85 sq m (915 sq ft)
Unit 3 - Basement - 1 Bedroom - 84 sq m (904 sq ft)
Unit 4 - Basement - 1 Bedroom - 39 sq m (420 sq ft)
Unit 5 - Ground Floor - 3 Bedrooms - 49 sq m (527 sq ft)
Unit 6 - Ground Floor - 1 Bedroom - 46 sq m (494 sq ft)
Unit 7 - Ground Floor - 1 Bedroom - 44 sq m (477 sq ft)
Unit 8 - First Floor - 1 Bedroom - 30 sq m (322 sq ft)
Unit 9 - First Floor - 3 Bedrooms - 63 sq m (678 sq ft)
Unit 10 - First Floor - 1 Bedroom - 46 sq m (494 sq ft)
Unit 11 - First Floor - 1 Bedroom - 34 sq m (366 sq ft)
Unit 12 - Second Floor - 3 Bedrooms - 64 sq m (689 sq ft)
Unit 13 - Second Floor - 1 Bedroom - 32 sq m (344 sq ft)
Unit 14 - Second Floor - 1 Bedroom - 33 sq m (355 sq ft)
Total - 760 sq m (8,178 sq ft)
Terms
Tenure - Freehold
Guide Price - £450,000
Tenancy - Ten of the flats are currently let producing £43,920 per annum (£3,660 pcm). We anticipate once fully let the ERV could be in the order of £5,700 pcm (£68,000 per annum) but prospective purchasers should rely on their own enquiries in this regard.
Specification
- Freehold residential investment
- Arranged as 14 flats
- Asset management and refurbishment opportunity
- Close to town centre
- Producing £43,920 per annum (plus five vacant flats)
- On the instructions of the Joint LPA Receivers