For Sale by Online Auction on 30th June 2025

An ideal investment opportunity, this terraced property (formerly two) consists of a cottage with attached commercial units currently occupied by long standing businesses including a hardware store and a hairdresser on part of the first floor, there is a combined rental income of approximately £10,000 per year. The cottage has the benefit of gas-fired central heating and some of the windows are double glazed. The accommodation includes, an entrance hall, a lounge open plan to a dining room, a rear hallway with a small shower room, a w.c., a kitchen and a sitting room with access to the rear. The first floor has a shower room and two bedrooms above the cottage with access to two further rooms above the commercial side. The commercial part of the building is occupied on the ground floor by the Hardware store and one room on the first floor by the hairdresser. There are yard areas to the rear and a large garden.

Lanchester has a thriving community and a village centre that offers a good range of local shops, restaurants, public houses and amenities as well as the renowned schools and public transport network. The nearby A691 links to Durham and Consett while there are further road links to Northumberland and Tyneside.

OPTION ONE – On the fall of the electronic gavel the buyer pays a 10% deposit to The Agents Property Auction Limited subject to a minimum of £3,000. Where sales are agreed prior or post auction and The Agents Property Auction Limited are in possession of a legal pack, exchange occurs on the buyer signing the Auction Contract, payment of the deposit and The Agents Property Auction Limited completing their customer due diligence. Completion is to occur within a further 28 days of the exchange.

MATERIAL INFORMATION:

In compliance with the Consumer Protection from Unfair Trading Regulations 2008 and National Trading Standards Estate and Letting Agency Team’s Material information in property listings Guidance

PART A

Local Authority – Durham County Council

Council Tax Band – C

Tenure – Freehold

PART B

Property Type – Terraced

Property Construction – Standard

Number & Types of Rooms – Please refer to the details and floorplan, all measurements taken being the maximum dimensions available between internal walls

Gas Supply- Mains

Electricity supply – Mains

Water Supply – Mains (not metered)

Sewerage – Mains

Heating – Gas fired central heating via radiators

Estimated Mobile phone coverage – Please refer to the Ofcom Website - https://checker.ofcom.org.uk/en-gb/mobile-coverage

Estimated Broadband Download speeds – please refer to the Ofcom Website – https://checker.ofcom.org.uk/en-gb/broadband-coverage

Parking- Area to rear

PART C

Building Safety – (The Vendor is not aware of any Building Safety issues. However, we would recommend that the purchaser engages the services of a chartered surveyor to confirm)

Restrictions – Covenants which affect the property are contained within the Land Registry Title Register which is available for inspection.

There is one tree preservation order on the property.

Selective licencing area – no

Conservation Area – The property is in the Lanchester Conservation Area

Probate- The property is a probate sale and probate has been obtained

Rights & Easements - There is a right of access to the rear, behind numbers 1-5.

Flood risk – Rivers and seas: High, Surface water: High. The property was flooded in 2023 due to surface water.

Coastal Erosion – N/A

Protected Trees - NA

Planning Permission – No planning applications in the locality.

Accessibility/Adaptations – The property has not been altered for accessibility

Mining Area – Coal Mining Reporting Area, further searches may be required.

No other Material Information disclosures have been made by the vendor. This information has been compiled in good faith using resources readily available online and by enquiry of the vendor prior to marketing. However, such information could change after compilation of the data, so J W Wood cannot be held liable for any changes post compilation or any accidental errors or omissions.

Furthermore, J W Wood are not legally qualified and conveyancing documents are often complicated, necessitating judgement on our part about which parts are “Material Information” to be disclosed. If any information provided, or other matter relating to the property, is of particular importance to you, please do seek verification from a legal advisor before committing to expenditure.