2 bed semi-detached house to buy in SR8

Buckingham Road, Peterlee, Durham, SR8 2DT

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Online auction

  • SOLD WITH SITTING TENANT
  • TURN-KEY TENANTED INVESTMENT
  • £550 PCM RENTAL INCOME
  • £6,600 ANNUAL RENTAL INCOME
  • LONG-TERM TENANT IN SITU
  • NO RENT ARREARS
  • BUY-TO-LET INVESTMENT
  • EXCELLENT ADDITION TO AN EXISTING PORTFOLIO

2 bed semi-detached house to buy in SR8

CHAIN FREE | SOLD WITH SITTING TENANT | TURN-KEY TENANTED INVESTMENT | LONG-TERM TENANT | £550 PCM RENTAL INCOME | NO RENT ARREARS | WELL-MAINTAINED PROPERTY | TWO BEDROOM SEMI-DETACHED | ALLOCATED PARKING | PRIVATE GARDEN

Pattinson Estate Agents are delighted to offer to the market this two-bedroom semi-detached property, representing an excellent turn-key investment opportunity and being sold with a sitting long-term tenant already in occupation.

Currently generating £550 PCM (£6,600 per annum), the property offers investors the opportunity to acquire an income-producing asset with a long-term tenant in situ and no rent arrears.

The property is well kept throughout and offers practical accommodation comprising a reception room, fitted kitchen, two bedrooms and a bathroom. Externally, there is a private garden together with allocated parking.

Offered chain free, this is an attractive proposition for landlords seeking a straightforward acquisition with rental income from day one, avoiding the usual void period and initial tenant-finding costs associated with an empty investment property.

Located in Peterlee, the property would make a valuable addition to an existing portfolio or an ideal starting point for an investor looking for a ready-to-go, tenanted investment.

Current Rental Income: £550 PCM
Annual Rental Income: £6,600
Tenant: Long-Term Sitting Tenant
Rent Arrears: None


Summary

  • Property Type: Semi-detached house
  • Build Size: 69.00m2
  • Bedrooms: 2
  • Receptions: 1
  • Tenure: Freehold
  • Heating: Gas
  • Parking: On Street
  • USPs: Has Garden, Chain Free
EPC for 2 bed semi-detached house 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 £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

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