2 bed semi-detached house for sale

Yoden Road, Peterlee SR8

Summary

A Fantastic Opportunity to Create Your Home or Secure an Exciting Investment - Generous Plot, Huge Potential and Scope to Extend!

Two-bedroom semi-detached property, occupying a particularly generous plot in Peterlee. Offered for sale on a freehold basis and with no onward chain, this property presents an exciting opportunity for investors, first-time buyers and developers looking for a home they can transform and add value to.

The accommodation briefly comprises a reception room, kitchen diner, two bedrooms and a family bathroom. Externally, the property enjoys generous outdoor space, with front, rear and side gardens, together with allocated parking.

The property benefits from gas central heating via a combination boiler, mains electricity and water services, Council Tax Band A and an EPC rating of 67.

Internally, the property would benefit from a programme of modernisation, including a new kitchen and bathroom, replacement flooring and redecoration throughout. However, the real appeal lies in the potential on offer. The generous plot provides excellent scope to put your own stamp on the property from top to bottom, with potential to extend to the front and/or side, subject to the necessary planning permissions and building regulation approvals.

Investment Potential.

Once modernised, the property could offer an estimated resale value of approximately 80,000, with achievable rental income in the region of 600 per calendar month, subject to market conditions and the quality of refurbishment.

This offers an appealing opportunity for investors seeking a property with scope to add value, generate rental income or potentially achieve a profitable resale.

Available with a starting bid and offered chain free, this property represents an exciting opportunity to acquire a home with considerable scope and potential. Early viewing is highly recommended to appreciate the space and possibilities 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.