£32,000
2 bed flat for saleIlchester Street, Seaham, County Durham SR7
2 beds
1 bath
1 reception
Just added
Chain free
Auction
Leasehold
About this property
One bedroom
Ground floor flat
Shared yard
Buyers premium applies
Ideal investment
One Bedroom Self Contained Ground Floor Flat Offered with No Chain
This well presented one bedroom ground floor flat is an ideal investment opportunity, positioned close to local amenities, transport links, and within easy reach of the coast.
The accommodation comprises a private entrance leading into a comfortable lounge, with an inner lobby providing access to the double bedroom complete with built-in storage. A fully fitted kitchen features a range of wall and base units, and a three-piece bathroom suite completes the internal layout. A door from the kitchen leads to a shared rear yard.
Offered for sale with no onward chain and in partnership with I Am Sold Auction, this property presents an excellent opportunity for investors, with a potential yield in the region of 11%, subject to final purchase price.
Early viewing is highly recommended, as we anticipate strong interest.
This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the ”Reservation Period”). Interested parties personal data will be shared with the Auctioneer (iamsold).
If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.50% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
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 £450.00. These services are optional.
Entrance
Lounge
4.4196m x 3.6322m - 14'6” x 11'11”
Inner Hall
Bedroom
3.556m x 2.9464m - 11'8” x 9'8”
Bathroom
2.413m x 1.3716m - 7'11” x 4'6”
Kitchen
4.0386m x 2.032m - 13'3” x 6'8”
Externally
This well presented one bedroom ground floor flat is an ideal investment opportunity, positioned close to local amenities, transport links, and within easy reach of the coast.
The accommodation comprises a private entrance leading into a comfortable lounge, with an inner lobby providing access to the double bedroom complete with built-in storage. A fully fitted kitchen features a range of wall and base units, and a three-piece bathroom suite completes the internal layout. A door from the kitchen leads to a shared rear yard.
Offered for sale with no onward chain and in partnership with I Am Sold Auction, this property presents an excellent opportunity for investors, with a potential yield in the region of 11%, subject to final purchase price.
Early viewing is highly recommended, as we anticipate strong interest.
This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the ”Reservation Period”). Interested parties personal data will be shared with the Auctioneer (iamsold).
If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.50% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
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 £450.00. These services are optional.
Entrance
Lounge
4.4196m x 3.6322m - 14'6” x 11'11”
Inner Hall
Bedroom
3.556m x 2.9464m - 11'8” x 9'8”
Bathroom
2.413m x 1.3716m - 7'11” x 4'6”
Kitchen
4.0386m x 2.032m - 13'3” x 6'8”
Externally
More information
Tenure
Leasehold (Ask agent)
Service charge
Council tax band
A
Ground rent
Ground rent date of next review
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