3 bed terraced house for sale

James Street, Easington Colliery, Peterlee SR8

Summary

Online auction ...This newly renovated, well-presented three-bedroom terraced home represents an excellent turn-key investment opportunity and is ideally located within a popular residential area of Easington. The property will appeal equally to first-time buyers, growing families, or investors seeking a strong rental yield.

For investors, the property offers a potential rental income of 550 per calendar month, equating to an approximate annual rental yield of 11%, making this a highly attractive, income-ready investment.

The accommodation is arranged over two floors and begins with an entrance hall leading into a spacious reception room, providing an inviting space for everyday living, The property further benefits from a stylish, newly fitted kitchen, finished to a modern standard with ample storage and worktop space to suit contemporary living. A newly installed family bathroom completes the ground floor, fitted with modern, tasteful fixtures and fittings.

To the first floor, the home offers three generously sized bedrooms, all enjoying good levels of natural light and offering flexible accommodation for a range of needs.

Externally, the property benefits from a secure, paved rear courtyard, along with a desirable west-facing front aspect, ideal for enjoying afternoon and evening sun.

Additional benefits include double glazing throughout, gas central heating via a newly installed combination boiler, and the advantage of no onward chain, allowing for immediate occupation or rental.

The property has undergone a comprehensive programme of renovation works throughout, including full plastering and painting of all walls and ceilings, electrical works with the main electrical cabinets neatly boxed in, and the installation of a new combination boiler with full safety checks completed. New internal doors and skirting boards have been fitted throughout, along with new front and rear door locks and newly laid carpets. Further improvements include the installation of a brand-new kitchen with PVC flooring and a fully refitted bathroom. Externally, works include new eaves trays to the rear guttering, full cleaning of the guttering and roof, chimney repointing, sealing of gaps and joints, damp-proof treatment to the rear wall, repairs to the rear yard concrete, and repairs to the rear gate.

Conveniently positioned close to local amenities, schools, and transport links, including easy access to the A19 and the nearby Durham Heritage Coast, this home combines comfort, style, and convenience in a highly sought-after location.

Early viewing is highly recommended.

Council Tax Band: A
Tenure: Freehold

Auctioneers Additional Comments

Pattinson Auction are referred to below as The Auctioneer. This auction lot is being sold under either conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer. 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 being shared between any marketing agent and The Auctioneer so that all matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid on any property marketed by The Auctioneer, all bidders buyers 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. Our verification process is in place to ensure aml procedures are carried out in accordance with the law

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, Starting Bid. These prices are subject to change. An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction. A Legal Pack associated with this particular 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.