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No longer on the market

This property is no longer on the market

EPC

3 bedroom terraced house

Auction
Terraced house
3 beds
1 bath
882
EPC rating: C
Added > 14 days

Key information

TenureFreehold
Council taxBand A
BroadbandUltra-fast 1000Mbps *
Mobile signal
EEO2ThreeVodafone

Features and description

  • Three bedrooms
  • End terrace property
  • Tenanted investment
  • Over 9% yield
  • Long term tenant
We welcome for sale this fantastic investment opportunity situated on Lancaster Hill in Peterlee, County Durham.
The property has been rented to a long term tenant for 11 years and would bring in over 9% yield. It briefly comprises of: entrance porches to both front and rear aspects, hallway to the kitchen and dining room, lounge, three bedrooms and a family bathroom.
Externally, the property benefits from an enclosed court-yard to the rear aspect and access to a communal playing field to the front. There is also off-road parking spaces to the rear aspect.
We are expecting a high level of demand in this realistically priced tenanted investment, and early viewing is essential to avoid disappointment.
For any further information or to book your internal viewing please call Pattinson on[use Contact Agent Button].

Council Tax Band: A
Tenure: Freehold

Rooms

Front Porch
Entrance through UPVC door to the front aspect into porch. With built in cupboard and access to dining room.

Lounge 4.70m x 3.70m (15ft 5in x 12ft 1in)
With double glazed French doors to the rear aspect, laminate flooring, electric fire, radiator, TV point and open access to the dining room.

Dining Room 6.60m x 2.80m (21ft 7in x 9ft 2in)
With a double glazed bow window to the front aspect, radiator, laminate flooring and open access to the kitchen.

Kitchen
The kitchen is fitted with a range of wall and base units, with roll top work surfaces and a sink and drainer unit. With plumbing for a washing machine, electric cooker point, radiator, double glazed window to the front aspect and laminate flooring.

Rear entrance Porch
With a double glazed UPVC door to the rear aspect and vinyl flooring. And access to the hallway.

Hallway
With carpeted flooring, single panelled radiator and staircase to the first floor.

First Floor Landing
With carpeted flooring.

Bedroom One 3.50m x 3.40m (11ft 5in x 11ft 1in)
With a double glazed window to the front aspect, carpeted flooring, radiator, TV point and two built in storage cupboards.

Bedroom Two 3.20m x 3.70m (10ft 5in x 12ft 1in)
With a double glazed window to the rear aspect, carpeted flooring, TV point and single panelled radiator.

Bedroom Three 2.50m x 3.10m (8ft 2in x 10ft 2in)
With a double glazed window to the rear aspect, single panelled radiator, TV point and carpeted flooring.

Family Bathroom
The family bathroom is fitted with a three piece suite comprising of: low level WC, panelled bath and a pedestal wash hand basin. With vinyl flooring, tiled walls and a double glazed window to the front aspect.

External
The property offers an enclosed court-yard area to the rear with a brick built outbuilding. The front aspect looks onto a communal playing field and there is off-street parking bays in the street.

Auctioneers Additional Comments
Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'. Please be aware that any inquiry, bid or viewing of the subject property will require your details to be shared between both the marketing agent and The Auctioneer in order that all matters can be dealt with effectively. This auction lot is being sold either by, conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent. The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via The Auctioneers or the Marketing Agents website.

Auctioneers Additional Comments
Your details may be shared with additional service providers via the marketing agent and/or The Auctioneer. A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers' obligations and sellers' commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase. In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification and identity process in accordance with Anti Money Laundering procedures.

Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit of 5% of the purchase price of the lot subject to any special conditions detailed in the legal pack. The deposit will be a contribution to the purchase price. A non-refundable reservation fee may also be payable upon agreement of sale (Details of which can be obtained from the auctioneers website). The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs. Both the Marketing Agent and The Auctioneer may believe it necessary or beneficial to the customer to pass your details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.

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About this agent

Pattinson - The Hub
Pattinson - The Hub
2 Yoden Way Peterlee SR8 1BP
0191 511 8666
Full profileProperty listings
Pattinson Estate Agency is an award-winning family-run business that was Launched in 1977 on Independence Day. This is no coincidence, as independence is central to our company ethos. We are the most recognised estate agency in the North East, and in that time we have grown from 1 office to 28, with 300 members of staff, and we officially sell more properties in the North East, than any other estate agency. However, we don’t just sell houses! Our many property services include sales, lettings (property management), auction, commercial, financial services, conveyance and surveys, and we have it all under one roof! We can be contacted 6 days a week at extended hours, as we have a dedicated Regional Team who take the overspill calls from our 28 branches, so all client relationships are built and maintained. At Pattinsons, we are innovative leaders in the property industry, with pro-active selling, a reliable reputation, and substantial repeat business. Our national secure sale department, ‘Pattinson Auction’, was launched 33 years ago, and is going from strength to strength. As serious players in the field of digital marketing, we successfully utilise the social media platforms TikTok, Facebook and Instagram as part of our extensive marketing process. We have a wealth of knowledge and an expansive network to help find the best solution for you and your property requirements. You can trust Pattinsons, the North East’s leading estate agency.
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