2 bed semi-detached house for sale

Southway, Peterlee SR8

Modern Method of Auction – Exceptional Investment Opportunity

We are delighted to present this excellent buy-to-let investment property, ideally positioned within a popular residential area of Peterlee. Offering a completely hands-off investment model, this home is currently let under a charity lease, providing guaranteed rental income for a full 5-year term. With no day-to-day landlord responsibilities and secure, reliable returns, this opportunity is perfectly suited to investors seeking long-term stability.

The property offers approximately 81 sqm of living space and can be utilised as either a 2-bedroom or 3-bedroom layout, offering flexibility to suit a range of tenant needs. The internal accommodation includes one or two reception rooms, depending on configuration, along with a bright conservatory that enhances the ground floor living space.

Currently generating £560 per calendar month, with an agreed increase due, the property offers an attractive and dependable yield backed by the assurances of the charity lease structure

Entrance Hall

UPVC glazed entrance door leading to hall way with doors leading off to

2nd Reception Room/3rd Bedroom

UPVC glazed window, radiator

Living Room

UPVC glazed window, stair case leading to first floor, door leading to

Kitchen

UPVC glazed window, wall and floor units, built cooker and hob, 1 1/2 stainless steel sink unit, radiator, double doors leading to

Conservatory

Double doors leading to enclosed paved garden

First Floor

Landing with doors off

Bedroom 1

UPVC glazed window, radiator

Bedroom 2

UPVC glazed window, radiator

Bathroom

White 3 pc suite, bath with electric shower over, shower screen, low level w/c, pedestal hand basin

Garden

Gardens to the front, enclosed paved rear garden

Terms & Conditions

This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold).

If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.

A Buyer Information Pack is provided. The winning bidder will pay £300.00 including VAT for this pack which you must view before bidding

Terms & Conditions

The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.50% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.

Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00. These services are optional

Disclaimer

We do not give Financial or Legal advice. Any information or communication should not be construed as such.

• We cannot be held responsible for any losses incurred or failure of the client to take professional and legal advice.

• Please note due to the nature of our instructions the description and photographs are for guidance only. Therefore it is very important that you seek professional advice from a surveyor, solicitor and accountants etc before proceeding.

• We can provide a personalised site visit if required.

• We do not test any equipment or carry out building surveys at the property and are unable to give any warranty as to the condition and working order of appliances, heating systems, electrics or construction

Disclaimer

• The information provided in the sales sheet is for general guidance only. All figures are approximate and provisional. Condition/furnishings may be subject to change.

All information are the findings of our due diligence. Please make sure you complete your own due diligence to satisfy your needs

• We cannot guarantee rental incomes, future valuations or post-sales values. Property values can fall as well as rise, rental incomes can decrease and void periods can occur

Third Party Suppliers

We can refer to you a number of great experts: RICS Surveyor, Solicitors, Builders, Client Representative, Letting Agent/Estate Agent.

We are happy to introduce you to any of the mentioned experts to help you obtain any advice that we do not provide but for the avoidance of doubt, we do not make any representations as to their suitability and you are free at any time to use your own Third Party Suppliers.

The engagement with the builder teams triggers the engagement with the associated Client Representative. Builder team cannot be provide without associated Client Representative and vice-versa. The client can agree to use their own builder team and Client Rep

Third Part Suppliers

Nb: The Client Rep and the builder team are a separate legal entity to ourselves, therefore the Client Rep and any refurbishment are subject to a separate agreement provided by the Client Rep Vigeo Property Hub Ltd is not liable for the Client Rep and refurbishment, which will be agreed between the client and the Client Rep