The compact mid-terrace property has been offered with a guide price just a fraction of the national average and boasts a classic “two-up two-down” layout. Located in County Durham, England, the £5,000 listing has a front and rear garden in addition to two well-sized bedrooms upstairs. But one of its most appealing features is its close proximity to four junior schools.
The property can be found in the town of Stanley, County Durham, which is known for its wide variety of amenities and attractions.
While the house itself looks unremarkable from the outside, it contains a large master bedroom, a fully-equipped kitchen, and a spacious living room complete with a bright bay window.
In the living room, a statement wooden fireplace is a focal point while the wide window allows plenty of natural light.
A small dining table surrounded by four chairs can also be seen in the well-presented space, along with a stylish reading corner in the cove which looks out onto the front garden.
A plush grey carpet and pastel shade walls make the property an enticing purchase for those looking to avoid too much redecorating, while the chimney breast makes for a statement feature in the room.
The reasonably sized lounge is an open space at the front of the house, featuring the door and staircase leading upstairs.
At the back of the terraced house, a small kitchen is complete with a wide range cooker, integrated sink, and wooden cabinets.
While the room lacks counter space, and flooring, it would not take much for a buyer to renovate in a short timeframe.
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Upstairs, two well-presented double bedrooms can be found, both boasting clean white walls and neutral grey carpets.
The smaller second room overlooks the compact garden space, while the master has a street view.
A family bathroom can also be found upstairs, with clean white tiling and fittings used throughout the space.
Despite its very low guide price of just £5,000, the BP Auctions listing appears to be in good shape – with only minor renovations required.
Outside, the small garden resembles more of a courtyard though there is adequate space to keep outdoor seating next to the built-in shed.
According to Rightmove data, the majority of sales in County Durham during the last year were terraced properties, selling for an average price of £112,501.
While the auctioned property is on the market for a mere fraction of this figure, it should be noted that it is only a guide price.
An expert at BP Auctions noted that the actual sale price will vary, though reserve prices are legally within 10 percent, so it should go for “anything above that”.
The sale history for the property, which is located on Fern Avenue (DH9 7QY), states that it was previously sold for £36,000 in 2021.
Despite its surprising interior, the cheap terraced home does come with a catch. With a low Energy Performance Certificate (EPC) rating of D, potential buyers will have to put in some work to bring it up to standard (rated B or above).
Those interested in the property should also know that Stanley has been ranked the second most “dangerous” medium-sized town in County Durham, with a crime rate 41 percent higher than the regional average, according to CrimeRate.
However, the freehold property could be a good investment for young families in search of an affordable home near local schools.
As stated on the Rightmove listing, the house is close to four schools – all within 0.4, or 0.5 miles. These include the South Stanley Infant and Nursery School, South Stanley Junior School, Greenland Community Primary School, and St Mary’s Catholic Primary School, South Moor.
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