Summary - Princes Street, Shildon, County Durham, DL4 DL4 1AX
2 bed 1 bath Terraced
Blank-canvas investment near town amenities and rail links.
Two bedrooms, mid-terrace, approx. 575 sq ft
Offered for sale by online auction on 11th December (bidding opens 24 hours prior), this two-bedroom mid-terrace is a blank canvas for investors or experienced renovators. The property is freehold, modest in size (approximately 575 sq ft) and has had recent upgrades to the roof, doors and UPVC double glazing — key external maintenance items already completed.
The house has been stripped back on the ground floor and requires full internal refurbishment; heating is not fitted and rooms need finishing. There is visible damp/mould in at least one room and the accommodation will need new services, internal works and modernisation throughout. On-street parking and a generous rear yard are practical benefits for future tenants or owners.
This is marketed as an investment project in a small town fringe location with excellent mobile signal and fast broadband. The area is classified as very deprived with relatively high crime, so factor rental demand, lettability and resale into any valuation. Nearby primary and secondary schools, shops, bus links and the railway station are within walking distance, supporting tenant access.
Auction details: sale by online auction, no onward chain. Prospective buyers should review the legal pack, note covenants from 1898 and the property sits within a historic mining area and a selective licensing area. An auction administration fee (approx. £2,400 including VAT) and the standard auction completion timetable will apply. Engage a chartered surveyor and legal advisor before bidding.
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