2 bed terrace to buy in SR8

Westmorland Rise, Peterlee, Peterlee, Durham, SR8 2ER

Bid now

Online auction

Alternatively call 0191 541 2141 or email thehub@pattinson.co.uk

  • Two bedrooms
  • Terraced property
  • 9% yield
  • Tenanted investment
  • Enclosed garden

2 bed terrace to buy in SR8

We welcome for sale by auction this fantastic, realistically priced, tenanted investment opportunity situated on Westmorland Rise in Peterlee, County Durham.
The property is rented to a long-term tenant of 5 years, bringing about a 9% yield and briefly comprises of: entrance hallway, lounge/ dining room, kitchen, two double bedrooms and family bathroom.
Externally, the property offers a fence enclosed grassed garden to the rear and a communal playing field to the front aspect.
For any further information or to book your internal viewing please call Pattinson on 0191 5412141.

Summary

  • Property Type: Terrace
  • Bedrooms: 2
  • Receptions: 1
  • Tenure: Freehold
  • Central Heating: Gas
  • Parking: Off Street
  • USPs: Has Garden

Hallway

Through UPVC door to the rear aspect, tiled effect flooring and staircase to the first floor.

Lounge

5.90m x 3.60m (19'4" x 11'9")

With a double glazed window and double glazed French doors leading to the front aspect, carpeted flooring, radiator, TV point, electric fire with wooden surround and coving to the ceiling.

Kitchen

2.80m x 2.60m (9'2" x 8'6")

Fitted with a range of wall and base units, with roll top work surfaces, sink and drainer unit, plumbing for a washing machine, electric cooker point, tiled flooring, part tiled walls, Combi boiler and a double glazed window to the rear.

First Floor Landing

With carpeted flooring.

Bedroom One

3.80m x 3.10m (12'5" x 10'2")

With a double glazed window to the front aspect, carpeted flooring, radiator, built in storage cupboard an access to the loft.

Bedroom Two

3.50m x 2.50m (11'5" x 8'2")

With a double glazed window to the front aspect, carpeted flooring, radiator and TV point.

Family Bathroom

With a three piece suite comprising of: low level WC, panelled bath with shower over and a pedestal wash hand basin. With part tiled walls, single panelled radiator and a double glazed window to the rear aspect.

External

The property offers a fence enclosed garden to the rear aspect and a communal playing field to the front. There is also off road parking in the cul-de-sac.

Floorplan

Floorplan
EPC for 2 bed terrace to buy in SR8

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 £3000 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 £2500 + VAT (£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.  

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 
‚Äč£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. 

More Information is available:

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

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