2 bed cottage for sale

Candlish Terrace, Seaham SR7

Summary

We are delighted to introduce this charming 2-bedroom cottage located in the town of Seaham, offering a unique mix of charm, comfort and investment potential.

Boasting two generously proportioned bedrooms, a spacious reception room and a well-equipped bathroom, this home showcases the classic aesthetics melded with modern amenities, making it a fantastic real estate find. The intelligent layout perfectly utilises the indoor space, ensuring a comfortable living environment for occupants.

As a noteworthy advantage, the property comes with freehold land included, registered under DU396983, ensuring full land ownership and the elimination of worrying about leaseholds. This feature increases the value immensely while also offering great peace of mind.

Adding a considerable degree of financial incentive, this cottage comes with a tenant in situ. They are paying a steady rent of 475 per calendar month, creating a regular source of income for a potential investor. This establishes the property not only as an ideal residential opportunity but also as a solid revenue-generating asset.

Set within the Sea-faring town of Seaham, this quaint cottage is nestled amid a thriving community. The location boasts easy access to a host of local amenities and recreational spots that the area has to offer.

Owning this property means immersing yourself, or your tenants, in a town rich in heritage and natural beauty. Don't miss out on this excellent opportunity to acquire this attractive property, whether it be for private habitation or to enhance your rental portfolio.

Contact us today at Pattinson Estate Agents for more details or to arrange a viewing. Note that viewings should be arranged with due respect to the tenant's privacy and in compliance with ongoing tenancy agreements.

Council Tax Band: A
Tenure: Freehold

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 7.2% inc VAT (Subject to a minimum fee which could be up to 7,200 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.