3 bed end terrace house for sale

Wilkes Street, Darlington DL3

Summary

To be sold via online auction (29/07/2025 12:00) fees apply.

No HMO licence.

This opportune property is a uniquely structured HMO (House in Multiple Occupation) situated in the thriving heart of Darlington. The site offers immediate investment returns with three tenants already in situ, providing a steady income stream for prospective purchasers.

The property showcases a robust, commercial charm whilst also being decorated and sustainably furnished to cater to the adaptability and comfort required for an HMO. Functionality is a key selling point here with its flexible design and well-utilised spaces making it an inviting prospect for further and future lets.

The communal areas are well-proportioned and offer a comfortable space for tenants to relax and interact, enhancing the quality of life for those residing within the property. Kitchen facilities are fully equipped and there is a shared bathroom, with each room containing the necessary furnishings for tenants.

Reaping benefits from a standout location, the property provides easy access to critical transport links and infrastructure. Recently, Darlington has seen a boom in economics and lifestyle ventures, with many restaurants, shops, and local businesses within a walking distance, which will be alluring for prospective tenants.

Known for its thriving rental market, Darlington has rarely seen such enticing investment opportunities. With the current tenants offering immediate rental income, the property makes for a compelling investment opportunity. Whether you are an experienced investor or just beginning your journey in the real estate market, this commercial sale property presents a solid foundation for financial growth.

Please note due diligence on local HMO regulations will be the buyer's responsibility. For further details and to arrange a viewing, get in touch with our expert team at Pattinson Estate Agents. This is an opportunity not to miss!

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.