3 bed terraced house for sale

Noble Street, Easington Colliery, Peterlee SR8

Summary

Three Bedroom Terraced Home | For Sale | no onward chain | Potential 11% Rental Yield | Recently Improved | Enclosed Gardens

Pattinson Estate Agents are delighted to welcome to the sales market this spacious three-bedroom terraced home, offered for sale with no onward chain and ideally situated within a popular residential area of Peterlee.

Offering well-proportioned accommodation throughout, this property would make an ideal purchase for first-time buyers, families or investors looking to add to their rental portfolio.

The property has benefited from a number of recent improvements, including damp-proofing works, a complete replacement of the electrical system, newly fitted carpets, fresh redecoration throughout and replacement bathroom flooring, making this an appealing opportunity for buyers looking for a property with improvements already carried out.

Upon entering the property, you are greeted by an entrance hallway leading into a bright and spacious lounge, providing a welcoming space for relaxing and entertaining. To the rear is a generously sized fitted kitchen/dining room, featuring a range of wall and base units, ample storage and plenty of room for family dining. The ground floor accommodation is further complemented by a family bathroom fitted with a white three-piece suite and shower over the bath.

To the first floor are three well-proportioned bedrooms, all benefiting from natural light and offering comfortable living accommodation.

Externally, the property benefits from enclosed gardens to both the front and rear, providing pleasant outdoor space ideal for relaxing, entertaining or enjoying time with family.

The property is conveniently located close to a range of local amenities, including schools, shops, supermarkets and leisure facilities. Excellent public transport links are also available, along with easy access to the A19, providing convenient commuting routes to Sunderland, Durham and Hartlepool.
Investment opportunity


The property also presents an attractive buy-to-let investment opportunity, with an achievable rental income in the region of 550 per calendar month (6,600 per annum).

Based on the anticipated rental income and indicative purchase price, this represents an attractive 11.0% potential gross annual rental yield, making the property an appealing addition to any investment portfolio.

Offered for sale with no onward chain, this property represents an excellent opportunity for first-time buyers, families and investors alike.

Early viewing is highly recommended to fully appreciate the accommodation, recent improvements, location and investment 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.