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Property Listing Details

Property details

  • 2 bedrooms
  • 1 bathroom
  • 1 reception room

Features

  • For sale by auction – T & c’s apply
  • Subject to an undisclosed reserve price
  • Reservation fee applicable
  • EPC rating D
  • The modern method of auction
  • 2 bed cottage
  • Recent roof
  • UPVC double glazing
  • Investor opportunity/low cost ftb opportunity
  • Modern kitchen & bathroom

Listing view statistics

Last 30 days: 524 page views

Since listed: 1666 page views

Description

**to be auctioned on the 25th July – venue, durham emirates, riverside cricket ground, chester le street – registration 6:30PM – please call to arrange an appointment to view **For sale by Modern Method of Auction: Starting bid price £25,000 plus reservation fee. Excellent investor/ftb opportunity - 2 bed single storey cottage with no ongoing chain and potential rental income of £4800pa.
In recent years the property has benefited from a new roof, gas central heating via modern Combi boiler, modern kitchen and modern bathroom and requires only slight cosmetic work to get it “let ready”. Briefly comprising; entrance hall, large double front bedroom, rear single bedroom, central lounge, kitchen and bathroom. Rear yard with shed. Viewing arrangements can be made by contacting our local office. If you would like further information on our tenant find and ongoing management services please do not hesitate to ask. This property is for sale by The Great North Property Auction powered by Iam-sol

Introduction

**to be auctioned on the 25th July – venue, durham emirates, riverside cricket ground, chester le street – registration 6:30PM – please call to arrange an appointment to view **For sale by Modern Method of Auction: Starting bid price £25,000 plus reservation fee. Excellent investor/ftb opportunity - 2 bed single storey cottage with no ongoing chain and potential rental income of £4800pa.
In recent years the property has benefited from a new roof, gas central heating via modern Combi boiler, modern kitchen and modern bathroom and requires only slight cosmetic work to get it “let ready”. Briefly comprising; entrance hall, large double front bedroom, rear single bedroom, central lounge, kitchen and bathroom. Rear yard with shed. Viewing arrangements can be made by contacting our local office. If you would like further information on our tenant find and ongoing management services please do not hesitate to ask. This property is for sale by The Great North Property Auction powered by Iam-sol

Auctioneers Comments

This property is for sale by the Modern Method of Auction which is not to be confused with Traditional auction. The Modern Method of Auction
is a flexible buyer friendly method of purchase. We do not require the
purchaser to exchange contracts immediately, but grant 28 days to achieve
exchange of contracts from the date the buyer’s solicitor is in receipt of the
draft contracts and a further 28 days thereafter to complete. Allowing the
additional time to exchange on the property means interested parties can
proceed with traditional residential finance. Upon close of a successful
auction or if the vendor accepts an offer during the auction, the buyer
will be required to put down a non-refundable Reservation Fee of 4.2%
subject to a minimum of £6,000 plus VAT which secures the transaction
and takes the property off the market. The buyer will be required to sign an
Acknowledgment of Reservation form to confirm acceptance of terms prior
to solicitors being instructed. Copies of the Reservation form and all terms
and conditions can be found in the Legal Pack which can be downloaded
for free from the auction section of our website or requested from our
Auction Department.
Please note this property is subject to an undisclosed Reserve Price
which is generally no more than 10% in excess of the Starting Bid. Both
the Starting Bid and Reserve Price can be subject to change. Terms and conditions apply to the Modern Method of Auction, which is operated by iam-sold Ltd
to view or make A bid – Contact Good Life
or visit:

Entrance Vestibule

Entrance via white uPVC double glazed door. Natural wood flooring, electric modern consumer unit, electric meter and gas meter, partially-glazed door leading to entrance hall.

Entrance Hall

Natural wood flooring, double radiator, doors leading off to, bedroom 1, bedroom 2 and lounge.

Bedroom 1 (15' 8'' x 15' 0'' (4.77m x 4.57m))

Measurements taken at widest points and into bay.
There is no carpet flooring just underlay currently in place, double radiator, front facing white uPVC double glazed bay window.

Bedroom 2 (10' 0'' x 6' 4'' (3.05m x 1.93m))

Carpet flooring, single radiator, rear facing white uPVC double glazed window.

Lounge (13' 7'' x 12' 2'' (4.14m x 3.71m))

Natural wood flooring, double radiator, rear facing white uPVC double glazed window with views over yard, wall mounted fire, door leading off to kitchen.

Kitchen (15' 4'' x 7' 5'' (4.67m x 2.26m))

Laminate wood effect flooring, double radiator, 2 rear facing white uPVC double glazed windows, white uPVC double glazed door. Fitted kitchen with a range in cream finish with laminate work surface. White ceramic Belfast sink with chrome monobloc tap, modern Combi boiler built within a cupboard, integrated electric oven, 4 ring gas hob and feature extractor chimney in stainless steel finish. Space for a tall fridge/freezer, space and plumbing for a washing machine, door leading off bathroom.

Bathroom (7' 7'' x 4' 8'' (2.31m x 1.42m))

Vinyl flooring, double radiator, white toilet with low level cistern, white sink with single pedestal and chrome taps, white bath with panel. Bath taps with shower head attachment, side facing white uPVC double glazed window with privacy glass. The walls are partially finished in a white uPVC cladding, partially tiled and partially painted plaster.

Externally

The rear yard has a large purposed shed for storage with what appears to be a Avery attached. Roller shutter access to the rear yard.

General

The property has had a new roof in recent years.

The property has been re-wired in recent years.

The property has uPVC double glazing.

Central heating via central heating boiler

White bathroom suite and a cream kitchen.

In our opinion it would not take much capital expenditure in order to make it a viable rental opportunity at a anticipated rent of £375-£400pcm.

You could get

Superfast broadband Superfast broadband

Up to 80 Mbps (Source: Ofcom)

Map & Nearby

Local Amenities

  • Sunderland 0.7 miles
  • Seaham 4.3 miles
  • Valley Road Academy 0.1 miles
  • Ashbrooke School (SEN) 0.4 miles

Local map of the area

Map and Street View Map showing location of property

Local Amenities

  • Sunderland 0.7 miles
  • Seaham 4.3 miles
  • Valley Road Academy 0.1 miles
  • Ashbrooke School (SEN) 0.4 miles

Market stats

Sale activity

Average estimated value for a house in SR2:

  • £111,993
  • Price decrease

  • -£2,133
  • (-1.869%)
  • Over the last 12 months

In the last 12 months

  • Average sale price

    £116,821
  • Properties sold

    119

Rental opportunities

Looking for an investment? The average rent for a 2 bedroom house in SR2 is currently:

£433 pcm

Recent sales nearby

See all recent sales in SR2
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Estimated running costs

Based on available 3rd party data

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The Agent

Price history

Sold prices provided by Land Registry
28th May 2019 £25,000 First listed
9th Dec 2005 £54,950 Last sold

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Property descriptions and related information displayed on this page are marketing materials provided by Good Life Estate Agents Ltd. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Good Life Estate Agents Ltd for full details and further information.