Summary - 12 WESLEY TERRACE STANLEY DH9 8QL
2 bed 1 bath Terraced
Low-entry auction buy with immediate rental income and refurbishment upside.
- Tenanted at £450 per calendar month, immediate rental income
- Guide price £34,000; strong gross yield potential
- Freehold Victorian mid-terrace with period stone façade
- Requires modernisation; dated decor and finishes throughout
- Living room shows potential damp; remedial works likely needed
- Small rear garden and on-street parking; compact plot
- Located in a very deprived area; consider long-term demand risks
- To be sold at auction; completion times and finance restrictions apply
A two-bedroom mid-terraced Victorian home offered freehold and tenanted at £450pcm, presenting strong gross yield potential at the guide price of £34,000. Sold via auction, the lot suits a cash buyer or investor seeking immediate rental income and upside from modest refurbishment.
The house retains period stone façades and a compact rear garden, and sits close to local shops, schools and transport links in Stanley. There is no flood risk and council tax is very low, supporting affordable holding costs for a buy-to-let strategy.
Internally the property requires updating: the living room shows signs of damp and decor is dated, and the home would benefit from general modernisation throughout. Comparable recent sales on the same terrace indicate clear market demand for similar homes, but this property is marketed with a discount to encourage a quick auction sale.
This is a straightforward investment play: steady rental income from an existing tenancy, scope to improve and revalue, and very low entry price. Buyers should allow budget for remedial works and factor area socio-economic indicators into long-term planning.
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