2 bed terraced house for sale

Eleventh Street, Horden, Peterlee SR8

Summary

** to be sold via online auction - fees apply **

** auction date pending **

Turnkey Buy-to-Let Investment - Tenant in Situ, Generating 425 pcm with Full Management by Pattinson.

Two-bedroom terraced home is situated in the peaceful residential area of Horden, Peterlee, offering an excellent opportunity for investors seeking an immediate income-producing asset.

Upon entering, you are welcomed by a bright entrance hallway leading to a spacious and tastefully decorated reception room, providing a comfortable and inviting living space. Large windows throughout the property allow an abundance of natural light to flood the interior, creating a bright and welcoming atmosphere.

The modern fitted kitchen is well equipped with quality appliances, generous worktop space, and ample storage, making it both practical and stylish for everyday living.

Upstairs, the property offers two well-proportioned bedrooms, thoughtfully designed to maximise space and comfort. Completing the accommodation is a contemporary family bathroom featuring a modern suite with quality fixtures and fittings.

Conveniently located close to local shops, schools, and excellent public transport links, the property offers easy access to everyday amenities while enjoying the benefits of a quiet residential setting.

Sold as a tenanted investment, the property benefits from a tenant already in situ, currently paying 425 per calendar month, providing immediate rental income from the day of completion. The tenancy is fully managed by Pattinson, making this a genuine turnkey investment with a hassle-free management arrangement already in place. Whether you're an experienced landlord looking to expand your portfolio or a first-time investor seeking a straightforward buy-to-let opportunity, this property offers a ready-made investment with no initial void period.

Combining well-presented accommodation, a convenient location, and an established rental income, this property represents an excellent investment opportunity. Early enquiry is highly recommended.

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.