29 St. Leonards Close, Peterlee, County Durham, SR8 2NW
- Unconditional Online Auction Sale
- Guide Price* : £80,000
- Bedrooms: 4
- Bathrooms: 2
- Reception Rooms: 2
FOUR-BEDROOM SEMI-DETACHED HOUSE – FREEHOLD – TENANTED INVESTMENT – £9,600 ANNUAL RENTAL INCOME – PETERLEE
Description
An excellent opportunity to acquire a freehold four-bedroom semi-detached property, situated in the popular residential area of Peterlee, County Durham.
The property is currently let on an Assured Shorthold Tenancy at £800 per calendar month (£9,600 per annum), offering investors an established rental income and an opportunity to add to their existing portfolio.
The accommodation comprises two reception rooms, kitchen, ground-floor WC, four bedrooms and a family bathroom. Further benefits include gas central heating, uPVC double glazing and front and rear gardens.
Conveniently located close to local shops, schools, healthcare facilities and transport links, the property is well positioned for residential letting.
Offered for sale by traditional unconditional online auction, with completion within 42 days (six weeks).
- Four-bedroom semi-detached house
- Freehold tenure
- Currently tenanted at £800 per calendar month
- Gross annual rental income of £9,600
- Two reception rooms and ground-floor WC
- Four bedrooms and family bathroom
- Front and rear gardens
- Gas central heating and uPVC double glazing
- Popular residential location in Peterlee
- EPC Rating: D
- Traditional unconditional online auction
- 42-day completion
Ground Floor: Two reception rooms, kitchen and WC.
First Floor: Four bedrooms and family bathroom.
Externally: Front and rear gardens.
The accommodation details have been provided to Auction Local and have not been independently verified.
Investment Appeal
The property is offered subject to the existing Assured Shorthold Tenancy, making it suitable for investors seeking an established residential letting opportunity.
Prospective purchasers should review the legal pack and independently verify the tenancy terms, rental payment history, deposit arrangements and any associated obligations before bidding.
Viewings
Please contact Auction Local for further information regarding viewing arrangements. As the property is tenanted, access will be subject to the occupier's availability and appropriate notice.
Common Auction Conditions
The property is offered by traditional unconditional online auction, subject to our Common Auction Conditions, available on our website.
The successful purchaser will enter into a legally binding contract, with completion required within 42 days (six weeks), subject to the contract terms.
The purchaser will be required to pay a buyer's administration fee of £1,800 inclusive of VAT, whether the property is purchased before, during or after the auction.
The legal pack is available to view online via the Auction Local website.
Prospective purchasers are strongly advised to review all legal documentation, including the existing tenancy and special conditions of sale, and obtain independent legal advice before bidding.
Guide Price & Reserve Price
The property is offered subject to a Reserve Price, which will be within 10% of the Guide Price.
The Guide Price is an indication of the seller's current price expectations and is not necessarily the price at which the property will sell. Both prices may be subject to change.
These particulars have been prepared in good faith using information available to Auction Local.
At the time of publication, the Auctioneers have not inspected the property internally. Accordingly, details relating to the accommodation, condition, fixtures, fittings, services and tenancy have not been independently verified.
Prospective purchasers must satisfy themselves as to the accuracy of all information through their own inspections, surveys and legal enquiries before making an offer or bid.
Neither Auction Local nor the vendor makes any representation or warranty as to the accuracy or completeness of these particulars.
For further information, viewing enquiries or legal pack access, please contact:
Auction Local
03330 494328
hello@auctionlocal.co.uk
auctionlocal.co.uk
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
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