2 bed terraced house for sale

West Chilton Terrace, Chilton, Ferryhill DL17

Summary

No onward chain | part refurbished | two double bedrooms | updated kitchen & bathroom | 575-600 pcm potential rental income | period mid-terraced property

Two-bedroom mid-terraced, former three bed property, occupying a pleasant position on West Chilton Terrace in Chilton and offered for sale with no onward chain. The property has undergone a degree of refurbishment and improvement, including an updated kitchen and bathroom, plastered walls and ceilings, providing a good starting point for either a first-time buyer or investor looking for a property with further scope to personalise.

The accommodation comprises a spacious lounge, separate dining room, updated kitchen, utility area, family bathroom and two generously proportioned double bedrooms to the first floor.

The property is well located within an established residential area where there is good local demand for rental accommodation. The anticipated rental income is in the region of 575-600 per calendar month (6,900-7,200 per annum), subject to market conditions and the usual landlord requirements. This makes the property an appealing option for an investor seeking a two-bedroom rental property with the benefit of recent improvement works.

Externally, there is an enclosed rear yard, providing a low-maintenance outdoor space. The property also benefits from gas-fired central heating, UPVC double glazing throughout and Council Tax Band A.

Chilton is a well-established village offering a range of local amenities, with a wider selection of professional, retail and recreational facilities available in the nearby towns of Bishop Auckland, Newton Aycliffe, Sedgefield and Darlington. For commuters, the A1(M) provides convenient access to the major regional centres of County Durham, Teesside and North Yorkshire, while rail services are available from both Darlington and Durham.

With its two double bedrooms, generous living accommodation, part-refurbished condition, updated kitchen and bathroom, enclosed rear yard and no onward chain, the property is likely to appeal to both first-time buyers and investors.

Early viewing is highly recommended to appreciate the accommodation and potential on offer.

Council Tax Band: A
Tenure: Freehold

Auctioneers Additional Comments

Pattinson Auction are referred to as The Auctioneer. This auction lot is being sold by either conditional (Modern) or unconditional (Traditional) auction terms and overseen by The Auctioneer. The method of auction sale and the applicable terms and conditions are found on the lot page of this property on The Auctioneers website. 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 to be shared between any marketing agent and The Auctioneer so that matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid, all bidders 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.

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 or Starting Bid. These prices are subject to change. An auction can be closed at any time, with The Auctioneer permitting the property (the lot) to be sold prior to the end of the auction. A Legal Pack associated with this 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 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.