3 Bedroom Mixed Use

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.

Ideal Investment
Cottage with Attached Commercial Units
Income of Approximately £10,000 per year
Large Garden to Rear
Updating Required
Sought After Village Location

The property is in the Lanchester Conservation Area.

Property details provided by JW Wood
EPC rating: to be advised
Council Band: C
Tenure: Freehold

For Sale By Auction www.agentspropertyauction.com LIVE ONLINE AUCTION 31st July 2025 OPTION 1

Disclaimer 1
The Agents Property Auction have not inspected this property. The property details have been supplied by JWW. None of the services have been tested. Measurements, where given, are approximate and for descriptive purposes only. Boundaries cannot be guaranteed and must be checked by solicitors prior to exchanging contracts. The details are provided in good faith, are set out as a general guide only and do not constitute any part of a contract. No member of staff has any authority to make or give representation or warranty in relation to this property.
For sale by auction see www.agentspropertyauction.com

Disclaimer 2
Each auction property is offered at a guide price and is also subject to a reserve price. The guide price is the level where the bidding will commence. The reserve price is the sellers minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price, which may be up to 10% higher than the guide price, is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction. The successful buyer pays a £2000+vat (total £2400) Auction Administration Fee. At your request we can refer you to a North East based Solicitor from our panel. It is your decision whether you choose to deal with them, should you decide to use them you should know that we would receive a referral fee of £180 including Vat from them for the recommendation.

Disclaimer 3
A copy of the title is available upon request, we recommend all potential buyers take legal advice, satisfy their requirements on all matters and have finance in place prior to purchase.

Details awaiting vendors approval.

Disclaimer 4
We are advised by the seller that the property has mains provided gas, electricity, water (high risk of surface water flooding) and sewerage.

The energy performance certificate attached advises the property is brick built and provides further details regarding the property’s construction.

Ofcom website states the average broadband download speed of 18Mbps and the fastest package of 80Mbps at this postcode: DH7 0LA and mobile coverage is provided by EE (limited indoor), Three (limited indoor), 02 (limited indoor data) and Vodaphone (limited indoor).