1 bed upper flat to buy in SR7

Woods Terrace, Murton, Seaham, Durham, SR7 9AD

Brochure

Bedrooms: x 1

Bathrooms: x 1

Receptions: x 1

Tenure: Leasehold

Size: 624 sq ft / 58 sq m

Key Information

Council tax: Band A
EPC rating: C
Heating supply: Gas
Electricity: National Grid
Parking: On Street

Property features

Turn-key investment opportunity
Sold with sitting tenant
Well-maintained property throughout
Located on the High Street
Current rental income: £395pcm (£4,740pa)
Immediate income for investors
One bedroom upper floor flat

1 bed upper flat to buy in SR7

ATTENTION INVESTORS – TENANTED INVESTMENT – FOR SALE VIA ONLINE AUCTION

Generating an impressive 11.8% gross annual rental yield, with a current rental income of £395 PCM (£4,740 per annum), this property presents an excellent opportunity for buy-to-let investors seeking immediate returns.

Sold with a sitting tenant in situ, this well-maintained, turn-key investment offers dependable rental income from day one, making it an attractive addition to any property portfolio.

Conveniently located on High Street, Woods Terrace, Murton, Seaham, the property benefits from easy access to local amenities, shops, schools, and transport links.

The accommodation comprises a self-contained one-bedroom upper floor apartment, featuring an entrance hallway, open-plan lounge, dining and kitchen area, a double bedroom, and a bathroom. The property has been well cared for by the current tenant and provides a hassle-free investment opportunity with established occupancy already in place.

Length of Lease: 108

External Front

Entrance Hall

Lounge

Kitchen

Bedroom

Bathroom

Open map Street view

Timescales

Contracts will exchange immediately. There are 28 days in which to complete the purchase.

Legal Pack

A legal pack is available to download. Special conditions may apply.

We strongly recommend buyers familiarise themselves with the legal pack prior to bidding.

Deposit

In order to secure the purchase a buyer will pay a deposit of 5%, subject to a minimum £4,000 which contributes towards the overall purchase price of the property.

The deposit is non-refundable.

Buyer Fees

This property is sold subject to a non-refundable reservation fee of 2.5%+ VAT to a minimum of £3,000 + VAT (£3,600 inc VAT) This does not form part of the purchase price.

More Information

For more information call our auction experts on 0191 206 9335 or email auctions@pattinson.co.uk

ONLINE AUCTION NOTICE

I hereby acknowledge and confirm the following:

My bid may be accepted by the seller at any time before the close of the auction. It is subject to the terms and conditions of the auction which I have read and understood. I have read and understood the legal pack applicable to my bid/lot and agree to be bound by any special conditions within that pack.

If my bid is successful (whether as the highest bid or upon acceptance by the seller in the course of the auction) I shall be bound by the lot terms and conditions as advertised online.

Any amount payable at the close of the auction must be paid within 1 hour.

Please note that the bidding process will work in a different way to an eBay auction, so there is NO advantage to bidding at the last second.

Each auction will automatically stay open until there has not been a bid within the final 10 minutes. If no bid has been submitted within the final 10 minutes of the auction, the auction will close and the highest bidder will be successful subject to the reserve price being met or upon acceptance of an offer by the seller throughout the auction cycle. If there is another bid within 10 minutes of the last bid, the auction countdown timer will be restarted for another 10 minutes to allow further bidding. This system avoids last-minute (or second) bidding and makes for a fairer auction as in a live-room auction situation.

Please bid in good time before the end of the auction, delaying your bid to the last seconds may disadvantage you if your connection slows or you lose internet connectivity.

The auctioneer is not responsible for any tech issues, power outage or error messages which hampers or eliminates an individual's opportunity to bid.

It is the bidder's responsibility to ensure the bid has been lodged with the auctioneer. It is therefore beneficial to bid on your chosen lot at your earliest opportunity.

The auctioneer accepts no responsibility for bids that are not received or are received late and reserves the right to reject any bid without notice.

Minimum online bidding increments:
£50,000 - £250 minimum bid
£50,001 to £150,000 - £500 minimum bid
£150,001 to £250,000 - £1,000 minimum bid
£250,001 to £750,000 - £2,500 minimum bid
£750,001 to £1.5 Million - £5,000 minimum bid
£1.5 Million Plus - £10,000 minimum bid

Please note this bidding process applies specifically to online auctions.

More Information is available:

For more information, call our auction experts on 0191 206 9335 or email auctions@pattinson.co.uk

The legal pack is not yet available. The auction will not end until the legal pack has been made available here for at least 24 hours.

Heating supply: Gas
Electricity supply: National Grid
Water supply: Direct mains water

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