Flat for sale in Sledmere Close, Peterlee SR8

The property comes with the benefit of immediate cash flow as it is being sold with a long-term sitting tenant, who pays £390 per month. Rest assured, the tenant has been punctual with payments and has occupied the property for several years. Want to invest?

Ground Floor

Entrance

As you enter, you'll find a compact space with laminate flooring and a storage cupboard - a useful area that could be refashioned with a bit of creativity.

Lounge

The lounge area, although in need of window glass replacement, offers plenty of room and comes equipped with plumbing flooring and a radiator.

Kitchen

The kitchen holds potential with its wall and base units, wood effect flooring, and additional storage space.

Bathroom

The bathroom, decked in white, features a sink, W/C, bath, flooring, a radiator, and a frosted window, providing all the essentials.

Bedroom 1

Two bedrooms complete the flat, both fitted with laminate, radiators, and windows, ready to be personalized to your tenant's taste or upgraded to increase rental income.

Bedroom 2

Two bedrooms complete the flat, both fitted with laminate, radiators, and windows, ready to be personalized to your tenant's taste or upgraded to increase rental income.

Summary

Seize this opportunity to purchase a property with a steady income stream that, with a bit of modernisation, could offer significant returns. Remember, this flat is sold with vacant possession at auction. Don't miss out!
Service charge: £146.06 per month

Auction Conditions

Auctioneer Comments
This property is for sale by Traditional Auction. Exchange takes place immediately with completion within 28 days. The buyer
pays a 10% (of the purchase price) Non-Refundable Deposit on exchange. Interested parties’ personal data will be shared
with the Auctioneer (iamsold Ltd).
The buyer signs a Reservation Agreement and makes payment of a Non-Refundable Reservation Fee of 4.5% of the purchase
price inc VAT, subject to a minimum of £6,600 inc VAT. This Fee is paid to reserve the property to the buyer during the
Reservation Period and is paid in addition to the purchase price. The Fee is considered within calculations for stamp duty.
A Buyer Information Pack is provided, which you must view before bidding. The buyer will pay £300 inc VAT for this pack.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the
service is taken. Payment varies but will be no more than £450. These services are optional.