3 bed terraced house to buy in SR8

Noble Street, Easington, Peterlee, Durham, SR8 3LX

Brochure

Bedrooms: x 3

Bathrooms: x 1

Receptions: x 1

Tenure: Freehold

Size: 872 sq ft / 81 sq m

Key Information

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

Property features

Achievable rental income of £550 PCM (£6,600 PA)
11% Rental Yield
NO ONWARD CHAIN
Three-bedroom terraced
Potential gross annual rental yield of 11.0%
Replaced electrical system
Damp-proofing works carried out
Newly fitted carpets and redecorated throughout
Ready to rent out

3 bed terraced house to buy in SR8

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.

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
Sewerage supply: Standard UK domestic

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