Summary - 39, Byerley Road, SHILDON DL4 1JH
1 bed 1 bath Commercial Property
**Standout Features:**
- **Unique Conversion Potential:** Currently a commercial property but approved for possible transformation into a residential family home or two flats (subject to planning).
- **Prime Location:** Situated on Byerley Road in Shildon, near local amenities, schools, and excellent transport links.
- **High Ceilings and Spacious Layout:** Inside boasts large halls, a separate kitchen, and cloakroom, providing versatility for future design.
- **Rental Income:** Currently let at £9,000 per annum, offering an immediate return for investors.
**Key Concerns:**
- **Lease Duration:** Only 8 years left on the current lease may limit financing options from mortgage lenders.
- **Dated Decor:** Interior requires modernization, presenting an opportunity for renovation but may need upfront investment.
- **Urban Environment:** The crime rate is above average in the area, essential for potential buyers to consider.
This converted commercial property presents a rare opportunity for investors or homebuyers seeking renovation potential. With high ceilings and spacious rooms characteristic of its Victorian origins, it offers the chance to craft an inviting home or a lucrative rental space in a small town close to various amenities and schools. The existing lease generates a steady income, but prospective buyers should note the limited mortgage options due to the remaining lease term. The property’s unique charm coupled with renovation possibilities drives its potential, encouraging you to envision your ideal living or investment space before this opportunity slips away.
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