* INVESTMENT PROPERTY - POTENTIAL HIGH YIELD OVER 14% * FOR SALE BY THE MODERN METHOD OF AUCTION * STARTING BID £29, 000 * This delightful three bedroom terraced property ticks all the boxes when it comes to investments with a predicted rental return of £400 pcm and the outstanding overall finish to both the internal and external elevations. The property is situated close to the nearby award winning coastline, good local schools, hight street shops and the A19 which interconnects with all regional centres. Importantly the property is only 2 miles from the new Horden Railway Station which is due to be operational by 2020 and will offer easy commuting to the major conurbations of Hartlepool, Sunderland and Newcastle, which is impacting on the local property market. Hunters Lettings, situated in the Castle Dene Shopping Centre in Peterlee can offer further management assistance.
The main entrance to the property is via a double glazed exterior door set to the front of the home and includes a further internal door opening into the larger than average lounge.
4.80m (15' 9") x 3.76m (12' 4") into recess
Situated at the front of the property this wonderful principle reception is larger than expected with tall ceilings, a radiator and double glazed window. Particularly appealing is the open plan aspect to the lovely dining kitchen which catches the eye.
4.65m (15' 3") x 4.27m (14' 0") into recess
Well presented this outstanding dining kitchen incorporates a wealth of both wall and floor cabinets finished in a walnut colour and contrasting black granite effect laminated work surfaces integrating a stainless steel sink and drainer unit complete with mixer tap fitments positioned below a double glazed window overlooking the charming enclosed rear courtyard. An attractive contemporary unit area set into the chimney breast which integrates the brushed steel finished electric hob and matching oven, plumbing for an automatic washing machine an exterior door to the rear courtyard and laminated flooring. Additional accompaniments include an eye catching open stairwell to the first floor landing finished with a newel post and steel spindles, a radiator and an internal door offering accessibility into the ground floor W/c.
GROUND FLOOR W/C
Providing an unusual attribute to the property the ground floor W/c features a low level W/c, a hand wash basin, double glazed window to the rear elevation and a conveniently placed wall mounted gas combination boiler.
FIRST FLOOR LANDING
Set at the top of the stairwell from the dining kitchen, the landing area includes loft access and four internal doors granting access into three bedrooms and the family bathroom.
FIRST FLOOR BATHROOM
2.46m (8' 1") x 2.03m (6' 8")
Nestled at the rear of the home the bathroom features a panelled bath with an elevated electric Triton shower complete with a glazed shower screen, a low level W/c and a pedestal hand wash basin. Further attributes include a double glazed window, a radiator, partially tiled walls and a tiled floor.
4.0m (13' 1") x 2.98m (9' 9")
Situated adjacent to the family bathroom at the rear of the property this larger than average bedroom includes a radiator and a double glazed window.
3.73m (12' 3") x 2.37m (7' 9")
This additional double bedroom is located to the front of the home and includes a double glazed window together with a radiator.
2.67m (8' 9") x 2.31m (7' 7")
The charming third bedroom offers a double glazed window set to the front of the property and a radiator.
The splendid enclosed rear courtyard provides a welcome outdoor space with a small raised shrub border and attractive wrought iron railings incorporating an access gate to the rear lane, ideal for the warm summer months.
FOR SALE BY THE MODERN METHOD OF AUCTION * STARTING BID £29000*
IMPORTANT AUCTION INFORMATION
This property is offered for sale by the ‘Modern Method of Auction’. The successful bidder is required to pay a non-refundable reservation fee of 3.5% or £5,000.00 (whichever is higher). Any successful bidder will pay this to secure the property. The reservation fee is in addition to the purchase price. The successful bidder then has 28 days to exchange legally binding contracts.
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation. 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.