Back to list of properties
21 Stephen Street, Consett, County Durham, DH8 5LZ
Guide Price* : £60,000 plus
RESIDENTIAL INVESTMENT
Upon Instructions of
Joint Law of Property Act Receivers
- Three Bedroom Residential Property
- Investment Producing £7,140 Per Annum
- Approximately 83.06 sq m (894 sq ft) GIA
- On a Site of Approximately 0.01 Hectares (0.026 Acres)
Description
A two storey, brick built three bedroom mid terrace residential property.
The ground floor features a kitchen/diner, living room and utility room, along with a house bathroom on the half landing and three bedrooms on the first floor. Approximately 83.06 sq m (894 sq ft) GIA.
Externally, the property provides on street parking to the front and a rear garden, on a site of approximately 0.01 Hectares (0.026 Acres).
Location
The property is located on Stephen Street in Consett, County Durham. It lies approximately 14 miles southwest of Newcastle upon Tyne and 13 miles northwest of Durham. The town is well-connected by road, with the A692 providing direct access to the A1(M), facilitating travel to Newcastle, Durham, and beyond.
The main thoroughfare in Consett is the A692 (Medomsley Road), which runs through the town, linking it to surrounding areas. Other significant roads include Front Street, which leads to the town centre, and Victoria Road, where the property is situated.
Public transportation is readily accessible, with several bus routes serving the area and connecting Consett to nearby towns and cities. The nearest railway station is Chester-le-Street, located approximately 10 miles to the east, offering rail services to Newcastle, Durham, and further afield.
Consett is bordered by the villages of Delves Lane to the east, Blackhill to the west, and Shotley Bridge to the north, with the nearby Derwent Valley providing opportunities for outdoor activities and scenic walks.
Tenure
Freehold under Title Number DU258101
Tenancy
The property is occupied under the terms of an Assured Shorthold Tenancy Agreement from 26 March 2021 for a term of 2 years at a rent of £595.00 PCM (£7,140 Per Annum).
Planning Authority
Durham County Council - www.durham.gov.uk
Bidder Registration
Registration for bidding will close at 2:00 pm the day before the auction, after which we cannot guarantee giving you permission to bid at the auction.
VAT
Refer to the legal documentation
Energy Performance Certificate
E:52
Contact
Contact
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
Administration Fee The successful purchaser will be required to pay the auctioneers administration fee of £1,800 inclusive of VAT on purchases of £20,000 and above and £600 inclusive of VAT for purchases below £20,000. Other additional costs/fees may apply - Click here.
Loading the bidding panel...
The successful purchaser will be required to pay the auctioneers administration fee of £1,800 inclusive of VAT on purchases of £20,000 and above and £600 inclusive of VAT for purchases below £20,000. Other additional costs/fees may apply - Click here.
Office Contact
Office Contact
Vendor
Legal Documents
Log in to view legal documentsAgreement Documents
Additional Documents
Subject to Contract and Exclusive of VAT © Lambert Smith Hampton February 2025
Disclaimer: Lambert Smith Hampton Group Limited and its subsidiaries, including LSH Property Auctions, and their joint agents if any (“LSH”) for themselves and for the seller or landlord of the property whose agents they are give notice that: (i) These particulars are given and any statement about the property is made without responsibility on the part of LSH or the seller or landlord and do not constitute the whole or any part of an offer or contract. (ii) Any description, dimension, distance or area given or any reference made to condition, working order or availability of services or facilities, fixtures or fittings, any guarantee or warrantee or statutory or any other permission, approval or reference to suitability for use or occupation, photograph, plan, drawing, aspect or financial or investment information or tenancy and title details or any other information set out in these particulars or otherwise provided shall not be relied on as statements or representations of fact or at all and any prospective buyer or tenant must satisfy themselves by inspection or otherwise as to the accuracy of all information or suitability of the property. (iii) No employee of LSH has any authority to make or give any representation or warranty arising from these particulars or otherwise or enter into any contract whatsoever in relation to the property in respect of any prospective purchase or letting including in respect of any re-sale potential or value or at all. (iv) Price or rent may be subject to VAT and any prospective buyer or tenant must satisfy themselves concerning the correct VAT position. (v) Except in respect of death or personal injury caused by the negligence of LSH or its employees or agents, LSH will not be liable, whether in negligence or otherwise howsoever, for any loss arising from the use of these particulars or any information provided in respect of the property save to the extent that any statement or information has been made or given fraudulently by LSH. (vi) In the case of new development or refurbishment prospective buyers or tenants should not rely on any artists’ impressions or architects’ drawings or specification or scope of works or amenities, infrastructure or services or information concerning views, character or appearance and timing concerning availability or occupation and prospective buyers or tenants must take legal advice to ensure that any expectations they may have are provided for direct with the seller or landlord and LSH shall have no liability whatsoever concerning any variation or discrepancy in connection with such matters.
By setting a proxy bid, the system will automatically bid on your behalf to maintain your position as the highest bidder, up to your proxy bid amount. If you are outbid, you will be notified via email so you can opt to increase your bid if you so choose.
If two of more users place identical bids, the bid that was placed first takes precedence, and this includes proxy bids.
Another bidder placed an automatic proxy bid greater or equal to the bid you have just placed. You will need to bid again to stand a chance of winning.