2 bed terrace to buy in SR8

Eden Street, Horden, Horden, Durham, SR8 4EF

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Online auction

Alternatively call 0191 5183521 or email peterlee@pattinson.co.uk

  • Rental Income £395 PCM - Yield Approximately 9.4%
  • Tenanted Investment
  • 2 Bedroom End Terrace

2 bed terrace to buy in SR8

TO BE SOLD VIA Online Auction 24/05/2022 11:30. Fees apply

TENANTED INVESTMENT OPPORTUNITY - SOLD WITH TENANTS IN SITU - £400PCM - OFFERING A YIELD OF 11%

We are delighted to bring to the sale market this two bedroom property situated on Eden Street in Horden, Peterlee. Being well located and within close proximity to the A19 trunk road, bus routes, local primary schools, convenience stores and parks. The property is well maintained and briefly comprises: Lounge, kitchen / diner, two double bedrooms and family bathroom. Externally the property offers an enclosed yard to the rear aspect and on street parking.

Viewing comes highly recommended to fully appreciate what this home has to offer. Call us on 0191 5183521.

Summary

  • Property Type: Terrace
  • Bedrooms: 2
  • Receptions: 1
  • Tenure: Freehold
  • Central Heating: Gas
  • Parking: On Street
Image of Entrance Lobby
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Entrance Lobby

Through UPVC door into lobby. With Stairs to first floor and door leading into lounge.

Image of Lounge
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Lounge

4.50m x 4.00m (14'9" x 13'1")

With a double glazed window to the front aspect, carpeted flooring, radiator, gas fire with wooden surround, TV point and access to the kitchen/ diner.

Image of Kitchen/Diner
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Kitchen/Diner

4.90m x 2.57m (16'0" x 8'5")

The kitchen is fitted with a range of wall and base units with roll top work surfaces, sink and drainer unit with one and a half bowl, electric cooker with gas hob, plumbing for a washing machine, space for fridge freezer, wood effect flooring, double glazed window overlooking the rear and UPVC exit door leading to the rear yard. The dining area has carpeted flooring and a radiator.

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Diner View

The dining area has carpeted flooring and a radiator.

First Floor Landing

Giving access to two double bedrooms and the family bathroom.

Image of Bedroom One
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Bedroom One

3.70m x 3.50m (12'1" x 11'5")

With a double glazed window overlooking the front aspect, radiator, built in cupboard and carpet to floor.

Image of Bedroom Two
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Bedroom Two

3.70m x 3.00m (12'1" x 9'10")

With a double glazed window overlooking the rear aspect, radiator carpet to floor.

Image of Family Bathroom
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Family Bathroom

Fitted with a three piece suite comprising: - Low level WC, panelled bath and wash hand basin. With part tiling to the walls, towel radiator and glazed window.

Image of External
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External

With a fully enclosed yard to the rear aspect and a concrete shed.

EPC for 2 bed terrace to buy in SR8

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% subject to a minimum of £3,000 inc VAT 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 2.4% inc VAT to a minimum of £3,000 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 auction@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.  

At the point of registration, you will be required to insert credit or debit card details as a way of payment towards the deposit and or reservation fee. We will only hold a nominal amount (which will be stated at the point of bidding) to enable you to bid. This amount will only be debited from your account should you be the successful bidder, in the event you are unsuccessful the agreed amount will be released back to your card within three business days.  If you are the successful bidder we will debit the agreed amount from your account immediately at the close of the auction, we will then contact you to confirm the outstanding balance (if applicable) at which point you can opt to use the same card.  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 for 10 minutes. After 10 minutes without a bid, 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. It is the bidder's responsibility to ensure the bid has been lodged with the auctioneer. 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 £750,001 - £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. 

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