This property is to be offered for sale by PROPERTY SOLVERS ONLINE UNCONDITIONAL AUCTION (28-DAY IMMEDIATE EXCHANGE).
Bidding opens on Tuesday 25th May at 12:00 and closes on Monday 31st May at 12:00 with a GUIDE PRICE of £50,000.
A well proportioned two-bedroom mid-terrace house with two reception rooms and a yard to the rear.
This property presents an investment opportunity which is to be sold with a sitting tenant whose current rental agreement runs until October 2021 and offers potential for a gross yield of 10.2% (based guide price).
Property photos are from October 2020.
A large, bright main reception room with a feature bay window that provides lots of natural light.
There is plenty of room for dining room furniture in this above-average-sized dining room. It is positioned at the rear of the property and has a window overlooking the yard.
The galley kitchen is fitted with wall, drawer, and base units, contrasting work surfaces and sink/drainer. There is space for appliances.
A bright and spacious master bedroom with a window and large radiator.
Another good-sized room located at the rear of the property with a window and radiator.
The bathroom comprises of a low-level WC, hand basin and panelled bath with an overhead shower.
Yard to the rear.
Living Room = 3.86m x 3.51m (12'8 x 11'6)
Dining Room = 4.27m x 3.56m (14' x 11'8)
Kitchen = 3.07m x 2.08m (10'1 x 6'10)
Bathroom = 3.03m x 2.06m (9'11 x 6'9)
Master Bedroom = 4.6m x 3.88m (15'1 x 12'9)
Bedroom 2 = 3.03m x 2.06m (9'11 x 6'9)
Situated on a popular residential street with on-street parking. This property offers an excellent location for amenities as it is just a short distance from both local shops and the town centre.
It is just a short walk to the local primary school which has been graded as “Good” by Ofsted.
There is a thriving public transport system in the area providing access to not only the neighbouring towns and villages but to the larger towns and cities of Darlington, Durham, and Newcastle.
Our enquiry line is open 24/7 and we're happy to answer any questions.
Auction terms + conditions, AML requirements and fees are available on our website [Google: Property Solvers > Property Auctions (in navigation) > Auction Property for Sale (drop-down)].
The legal pack (including rental confirmations) will be uploaded in good time prior to the auction bidding process.
Viewings available 7 days a week.
All viewers must observe our COVID-19 Viewing Policy (available on the listing).
Notice to Bidders
Please be aware that if your bid is successful on auction day, the exchange of contracts will happen immediately after the Auction. A 10% deposit will be required.
As part of the Property Solvers Online Auction process, bidders will be required to register online and provide proof of ID documents (passport and photo driving license). For a full list of requirements please see the legal pack documents.
Buyer Reservation Fee
A 2% + VAT (non-refundable) fee (subject to a minimum fee level of £2,000 + VAT) and a £125 + VAT processing fee will be due from the winning bidder.