2 bed terraced house for sale

Barwick Street, Easington Colliery, Peterlee SR8

Summary

To be sold via our online auction. Fees apply.

Pattinson Estate Agents are delighted to bring to the market this tenanted property on Barwick Street, Peterlee, currently producing a rental income of 425 per calendar month with an 8%+ yield, making this an excellent opportunity for landlords and investors looking to add to their portfolio, this property has potential for a 10%+ Yield.

The property is situated within a popular residential area of Peterlee, close to a range of local amenities, shops, schools and transport links. Peterlee town centre is within easy reach, providing access to everyday facilities, whilst excellent road links connect to surrounding areas.

The property is being offered for sale with tenants in situ, providing a potential rental investment from completion, subject to the existing tenancy and terms.

Internally, the accommodation offers well-proportioned living space and would suit those looking for a straightforward buy-to-let investment.

Barwick Street is conveniently positioned for access to Peterlee town centre and a range of local amenities, shops, schools and transport links, making the property appealing to both landlords and tenants. An ideal opportunity for an investor looking to add a tenanted property to their portfolio. Early viewing is recommended.

Council Tax Band: A
Tenure: Freehold

Bedroom 1

A spacious double bedroom featuring neutral dcor, carpet flooring and a large window overlooking the front of the property, allowing plenty of natural light into the room. The room provides ample space for bedroom furniture.

Bathroom

A good-sized family bathroom fitted with a panelled bath, wash hand basin and WC. The room benefits from a window providing natural light and ventilation.

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.