Property ListingsBeta
<p>This property is for sale by Modern Method of Auction.</p><p>Located on Front Street, Leadgate, this traditional red-brick mid-terrace property presents a fantastic opportunity for investors, property developers, or buyers eager to customize a home to their exact tastes. </p><p>Offering approximately 734 sq.ft (68.2 sq.m) of total floor space, the property requires comprehensive interior modernization and cosmetic updating throughout, serving as a true blank canvas.</p><p>Ground Floor</p><p>The entrance hallway features a staircase leading to the first floor and opens into a generously sized living room measuring 14'7" x 13'0". </p><p>This main reception room currently features wood-effect laminate flooring, a central fireplace with a surround, and a large window allowing for ample natural light, requiring only cosmetic redecoration. </p><p>To the rear, the kitchen (11'11" x 7'7") is currently fitted with light wood-effect base and wall units and a stainless steel extractor hood, offering an ideal footprint for a complete modern refit. </p><p>The ground floor is completed by a practical wet room (7'7" x 6'0") located just off the kitchen. </p><p> First Floor</p><p><span style="font-size: 0.875rem; letter-spacing: 0.01em;">The first-floor landing provides access to three bedrooms and a built-in storage cupboard. </span></p><p><span style="font-size: 0.875rem; letter-spacing: 0.01em;">Bedroom 1 is a spacious master room (15'0" x 10'0") situated at the front of the property, currently stripped back to exposed floorboards and bare walls, ready for immediate renovation. </span></p><p><span style="font-size: 0.875rem; letter-spacing: 0.01em;">Bedroom 2 (11'1" x 9'10") and Bedroom 3 (7'11" x 7'9") are both located at the rear of the home. Both rear bedrooms currently feature partially painted walls and exposed wooden floorboards, requiring fresh plastering, painting, and new floor coverings to realize their full potential. </span></p><p><span style="font-size: 0.875rem; letter-spacing: 0.01em;"> External</span></p><p>The property features a classic red-brick front elevation with a small, walled front yard bordered by a paved path and a grass verge. </p><p>To the rear is a private, low-maintenance enclosed yard secured by wooden fencing and a timber gate, providing functional outdoor space and rear parking. </p><p> This property is priced to reflect the interior works required and represents a brilliant opportunity to restore a well-proportioned terraced house into a modern family home or a profitable rental asset. Early viewing is highly recommended to appreciate the full potential on offer.</p><p><br></p><p>Auctioneer Comments:</p><p><span style="font-size: 0.875rem; letter-spacing: 0.01em;">This property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 56-</span><span style="font-size: 0.875rem; letter-spacing: 0.01em;">day Reservation Period. Interested parties' personal data will be shared with the Auctioneer (iamsold Ltd).</span></p><p><span style="font-size: 0.875rem; letter-spacing: 0.01em;">If considering a mortgage, inspect and consider the property carefully with your lender before bidding. A </span><span style="font-size: 0.875rem; letter-spacing: 0.01em;">Buyer Information Pack is provided, which you must view before bidding. The buyer is responsible for the Pack </span><span style="font-size: 0.875rem; letter-spacing: 0.01em;">fee.</span></p><p><span style="font-size: 0.875rem; letter-spacing: 0.01em;">The buyer signs a Reservation Agreement and makes payment of a Non-Refundable Reservation Fee of 4.5% </span><span style="font-size: 0.875rem; letter-spacing: 0.01em;">of the purchase price inc VAT, subject to a minimum of £6,600 inc. VAT.</span></p><p><span style="font-size: 0.875rem; letter-spacing: 0.01em;">Services may be recommended by the Agent/Auctioneer in which they will receive payment from the service </span><span style="font-size: 0.875rem; letter-spacing: 0.01em;">provider if the service is taken. Payment varies but will be no more than £500 inc. VAT. These services are </span><span style="font-size: 0.875rem; letter-spacing: 0.01em;">optional.</span></p>
Property location
Fixed 5.2% interest rate
Monthly repayments are indicative and for guidance only. The amount you can borrow depends on your circumstances and is subject to a full application.
Stamp duty due on property purchases in England & Northern Ireland.
Your situation
No stamp duty to pay
This calculation is a guide only and assumes a single residential purchase by a UK resident. Confirm with your solicitor or adviser.
In Derwent & Pont Valley, County Durham, estimated 2026-27 council tax averages £177 a month for a couple and £132 for a single person; the most common band is A (£1,748 a year).
Area estimate — this home's bill depends on its band
| Band A | £1,748 / year |
| Band B | £2,039 / year |
| Band C | £2,331 / year |
| Band D | £2,622 / year |
| Band E | £3,205 / year |
| Band F | £3,788 / year |
| Band G | £4,370 / year |
| Band H | £5,244 / year |
Estimated from ONS, Ofgem and Census data. Single-person figures include the 25% single-person discount.