3 bed semi-detached house for sale

Burnip Road, Murton, Seaham SR7

Summary

Turn-key investment opportunity | sold with sitting tenant 650 pcm | no chain | three bedroom semi-detached | large corner plot | south-facing rear garden

Pattinson Estate Agents are delighted to welcome to the market this excellent turn-key investment opportunity on the popular Burnip Road, Murton. Offered for sale with a long-term sitting tenant in situ and no onward chain, this spacious three-bedroom semi-detached home provides an ideal addition to any investment portfolio, generating income from day one.

The well-maintained accommodation briefly comprises a welcoming entrance hall, a bright and spacious lounge, separate dining room, fitted kitchen and a useful utility area. To the first floor are three generously proportioned bedrooms and a modern family bathroom.

Occupying a substantial corner plot, the property benefits from low-maintenance gardens to the front, a large lawned side garden enclosed by mature hedging, and a private south-facing rear garden, providing excellent outdoor space for the current tenants to enjoy.

Further benefits include gas central heating, double glazing and off-street parking.

The property is being sold with a sitting tenant already in place, offering a genuine hassle-free investment. The property currently achieves 650 pcm, providing an attractive gross rental yield of approximately 8.7%.

Ideally situated close to local amenities, schools, Dalton Park Outlet Shopping Centre, the A19 and the Durham Heritage Coast, this is a superb opportunity for investors seeking a ready-made buy-to-let property in a popular residential location.

Early viewing 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.