2 bed terraced house for sale

Newark Close, Peterlee SR8

Summary

Sold via online auction
Tenanted Investment - Sitting Tenant Paying 525pcm (6,825pa) - Yielding Approximately 9.7% - Recently Refurbished

We are delighted to present this charming two-bedroom terraced house in Peterlee, offered for sale with a sitting tenant in place. Recently refurbished within the last 12 months, this well-maintained property combines traditional character with modern comforts, making it an ideal turnkey investment opportunity.

The tenant came highly recommended to the current owner, has no rent arrears, and keeps the property very well throughout offering peace of mind for any prospective landlord.

Upon entering, you are welcomed into a bright and inviting reception room, which flows seamlessly into a south-facing conservatory perfect for relaxing or entertaining. A contemporary, well-appointed kitchen, complete with modern appliances and practical fixtures, completes the ground floor.

Upstairs, the property comprises two generously sized bedrooms and a modern bathroom featuring quality fixtures and fittings, all finished to a high standard as part of the recent refurbishment.

Ideally situated in a popular residential area of Peterlee, this property enjoys a friendly neighbourhood atmosphere while remaining close to local amenities, schools, and transport links. It represents an excellent opportunity for investors seeking a ready-made rental property with immediate income.

With its combination of recent upgrades, secure tenancy, comfortable living spaces, and strong rental yield, this tenanted terraced house is an investment not to be missed. Early viewing is highly recommended to fully appreciate the quality and potential on offer.

Contact Pattinson Estate Agents today to arrange your viewing and secure this appealing addition to your portfolio.

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.