3 bed detached house for sale

Fairbairn Road, Peterlee SR8

Summary

To be sold via our online auction. Fees apply.

Turn key Investment Opportunity - A modern three-bedroom detached home situated on Fairbairn Road, Peterlee, offered for sale with a long-term sitting tenant already in place and fully managed by Pattinson Estate Agents. The property provides an excellent buy-to-let opportunity with a rental income of 650 per calendar month (7,800 per annum). The tenant has occupied the property long term (since 2020), there are no rent arrears, and the home has been very well maintained throughout.

The accommodation briefly comprises an entrance hall with a downstairs WC, leading through to a modern fitted kitchen. To the rear of the property is a spacious lounge featuring patio doors that open onto the rear garden, allowing for excellent natural light.

To the first floor are three well-proportioned bedrooms, including a master bedroom with an en-suite shower room. A modern family bathroom fitted with a contemporary white suite completes the upper floor accommodation.

Externally, the property benefits from a large enclosed rear garden, an open-plan front garden, a driveway providing off-street parking, and an integral single garage.

Located within a pleasant residential area of Peterlee, the property is well positioned close to local amenities, schools, and transport links, making it a strong and sustainable rental investment. This detached home offers immediate rental income with a reliable tenant already in situ.

To arrange an internal viewing, please contact Pattinson Estate Agents.

Council Tax Band: A
Tenure: Freehold

Auctioneers Additional Comments

Pattinson Auction are referred to as The Auctioneer. This auction lot is being sold by either conditional (Modern) or unconditional (Traditional) auction terms and overseen by The Auctioneer. The method of auction sale and the applicable terms and conditions are found on the lot page of this property on The Auctioneers website. 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 to be shared between any marketing agent and The Auctioneer so that matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid, all bidders 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.

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 or Starting Bid. These prices are subject to change. An auction can be closed at any time, with The Auctioneer permitting the property (the lot) to be sold prior to the end of the auction. A Legal Pack associated with this 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 fee which could be up to 7,200 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.