Ernest Terrace, Stanley, County Durham, DH9

Property Details: - Type: Terraced house - Bedrooms: 2 - Bathrooms: 1

Agent: Dowen - Durham Phone: 0191 392 0919

<p></p><p>An excellent opportunity for investors to acquire this spacious two-bedroom terraced property, conveniently located within easy reach of the town centre, local shops, and a range of everyday amenities.</p><p><b>Auction end date 09th October 2026 at 1pm</b></p><p>For sale with tenant in situ, the property generates an attractive gross rental yield of approximately 14.2% per annum.</p><p>Offered for sale through the Modern Method Of Action (Terms and Conditions Apply). Please visit for full details.</p><p>The accommodation comprises a welcoming lounge, a fitted kitchen complete with integrated oven and hob, and a family bathroom featuring an over-bath shower. To the first floor are two generously sized bedrooms, providing comfortable living space suitable for families, couples, or professional tenants.</p><p>Externally, the property benefits from an enclosed rear yard and on-street parking to the front.</p><p>Further benefits include gas central heating and double glazing throughout.</p><p>This is a ready-made investment opportunity with an established tenancy in place, offering immediate rental income and strong yield potential.</p>This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold).<p><br/>If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.<br/></p><p><br/></p><p>A Buyer Information Pack is provided. The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding.</p><p>The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.50% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.</p><p>Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00. These services are optional.</p>