2 bed semi-detached house to buy in SR8

Yoden Road, Peterlee, Durham, SR8 5HP

Brochure

Bedrooms: x 2

Bathrooms: x 1

Receptions: x 1

Tenure: Freehold

Size: 775 sq ft / 72 sq m

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Starting bid£54,999

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Key Information

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

Property features

Generous plot with front, rear and side gardens
Huge potential to modernise and add value
Scope to extend to the front and/or side
Requires cosmetic renovation
Potential resale value of approximately £85,000
Potential rental income of approximately £600 PCM
Ideal investment or refurbishment opportunity

2 bed semi-detached house to buy in SR8

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.

Open map Street view

This property is being sold subject to unconditional reservation fee auction terms and conditions.

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% 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 5% + VAT to a minimum of £6,000 + VAT (£7,200 inc VAT) This does not form part of the purchase price.

A reservation fee is payable by the buyer where a seller has opted to sell with no fees. As a result, a lower reserve price is usually agreed on lots where a reservation fee is applicable.

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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