3 bed terraced house for sale

Ninth Street, Horden, Peterlee SR8

Summary

Attractive Investment: Tenanted 3-Bedroom Mid-Terrace in Peterlee

We're delighted to bring to market this well-maintained three-bedroom mid-terrace property in the sought-after town of Peterlee. Ideally located close to a range of local amenities, this property offers strong rental potential and a valuable addition to any investment portfolio.

The property comprises three generously sized bedrooms, a fitted kitchen, and a spacious, comfortable lounge. Currently tenanted by reliable long-term occupants, it provides immediate rental income with minimal effort required from the new owner.

The property is generating a gross rental income of 400 per calendar month (5,200 per annum), with the potential to increase to the current market rate of approximately 5,850 per annum. With dependable tenants already in place, this is a turnkey investment offering consistent returns.

The current tenants have been in the property since the start of the year and have demonstrated reliability in paying rent on time. They have expressed a desire to remain long-term, offering further stability and peace of mind for investors.

Whether you're looking to grow your existing portfolio or enter the buy-to-let market for the first time, this property offers excellent value, dependable income, and a hassle-free management experience.

For further details or to arrange a viewing, please get in touch with us today.

Council Tax Band: A
Tenure: Freehold

Auctioneers Additional Comments

Pattinson Auction are referred to below as The Auctioneer. This auction lot is being sold under either conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer. The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer. Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between any marketing agent and The Auctioneer so that all matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid on any property marketed by The Auctioneer, all bidders buyers must adhere to a verification of identity process in line with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere. Our verification process is in place to ensure aml procedures are carried out in accordance with the law

Auctioneers Additional Comments

The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price. The Reserve Price is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the Guide Price, Starting Bid. These prices are subject to change. An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction. 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.

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 equivalent to 5% of the purchase price. The deposit will form part of the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 6,000 inc VAT) is also payable upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs. Both the Marketing Agent and the Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received. There is no requirement or obligation to use any recommended suppliers or services.