2 bed end terrace house for sale

Sixth Street, Horden, Peterlee SR8

Summary

Two-Bedroom Terraced Home | Extensive Upgrades | Ideal for First-Time Buyers or Investors | Horden, Peterlee

We are delighted to present for sale this appealing two-bedroom terraced house, ideally situated in of Horden, Peterlee.

This charming end-terraced property offers an undeniably homely atmosphere from the moment you step through the door. It comprises two generously double sized bedrooms, a well-proportioned reception room perfect for entertaining or relaxing, and a modern bathroom, all serviced by a contemporary central heating system.

Significant improvement works have been carried out by the current owner, including the installation of full double glazing, a new rear external door, a combi boiler, new radiators, and approximately 90% new plumbing with insulated pipes. The property has also benefited from a full electrical rewire, new kitchen units, a damp course, chimney repointing, and roof maintenance ensuring peace of mind for the next owner.

The modern bathroom and updated kitchen provide, practical spaces ideal for everyday living and entertaining.

This residential sale represents an excellent opportunity for first-time buyers seeking to step onto the property ladder or investors looking for a turnkey addition to their portfolio. Offering a potential rental income of 475 per calendar month and an impressive annual rental yield of approximately 11.4%, this home presents an attractive investment prospect.

Ideally located close to local amenities, schools, and transport links, the property promises both convenience and comfort.

We highly recommend early viewing to fully appreciate the quality and potential of this superb two-bedroom terraced home a property that truly feels like home.

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.