3 bed terraced house for sale

Pentland Close, Peterlee SR8

Summary

For Sale via Online Auction Until ...

Tenanted Investment | Three Bedrooms | Detached Garage

This well-maintained three-bedroom home in Pentland Close, Peterlee, is offered for sale with a long-term sitting tenant, currently paying 600pcm, providing a strong 9% rental yield. The property has no rent arrears and is professionally managed by a local agent, making it an excellent investment opportunity.

The ground floor comprises a spacious entrance lobby, WC, kitchen, and an open-plan living/dining area. Upstairs, there are two generous double bedrooms, a well-sized third bedroom, and a family bathroom featuring a roll-top bath and a separate electric shower cubicle.

Externally, the home benefits from front and rear gardens that allow for plenty of natural light throughout the day. A detached garage and a driveway to the rear offer additional convenience.

Well-proportioned and maintained, this property presents an attractive opportunity for investors seeking a hassle-free, income-generating asset.

Council Tax Band: A
Tenure: Freehold

Lounge (6.65m x 3.81m)

Open planing living dining room with French doors allowing access to the front garden.

Kitchen (3.47m x 2.56m)

With a range of fitted floor and wall units with gas hob and electric fan oven.

Downstairs W/c

Ground floor WC with hand wash basin.

Bedroom One (3.28m x 3.60m)

Large double master bedroom to the front of the house.

Bedroom Two (2.64m x 2.83m)

Double bedroom with fitted sliding door wardrobes.

Bedroom Three (2.17m x 2.86m)

Good sized third bedroom, window

Family Bathroom

Family bathroom with freestanding, roll top bath; white vanity unit with WC and hand wash basin; separate electric shower cubicle; cladded walls and ladder style towel radiator.

Auctioneers Additional Comments

Pattinson Auction are referred to below as The Auctioneer. This auction lot is being sold under either conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer. The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer. Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between any marketing agent and The Auctioneer so that all matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid on any property marketed by The Auctioneer, all bidders buyers must adhere to a verification of identity process in line with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere. Our verification process is in place to ensure aml procedures are carried out in accordance with the law

Auctioneers Additional Comments

The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price. The Reserve Price is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the Guide Price, Starting Bid. These prices are subject to change. An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction. A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers obligations and sellers commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

Auctioneers Additional Comments

In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price. The deposit will form part of the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 6,000 inc VAT) is also payable upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs. Both the Marketing Agent and the Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received. There is no requirement or obligation to use any recommended suppliers or services.