2 bed terraced house for sale

Derwent Terrace, Stanley DH9

Currently let at £450 per calendar month, this two bedroom terraced property offers an immediate income producing opportunity with a tenant already in situ. An ideal addition to a buy to let portfolio, the property provides steady rental return from day one without the costs or delays of sourcing a new tenant.

Externally, the home presents well with a traditional stone façade and small enclosed front garden. Inside, there is a spacious open plan living and dining area with good natural light and neutral décor, creating a practical and low maintenance layout suited to long term rental demand.

The property comprises two well proportioned reception rooms, and two good sized bedrooms, both light and neutrally finished, along with built in storage. The kitchen is modern and functional, fitted with ample cabinetry, generous worktop space and integrated appliances, with access out to the rear courtyard. The bathroom is contemporary in style and fitted with a walk in shower, pedestal basin and modern fixtures.

To the rear, there is a private courtyard providing useful outdoor space. The property also benefits from off road parking, a valuable feature for a terraced home and one that supports ongoing tenant appeal.

A ready made investment with established rental income, this is a straightforward opportunity for landlords seeking yield and stability.

Buy-it-Now option available Being Sold by goto Online Auction Buyer’s fees apply

Being Sold by goto Online Auction

Starting Bids from: £60,000

Buy it now option available

Please call or visit goto Online Auctions for more information.

This property is for sale by Online Auction. The Online Modern Method of Auction is a flexible buyer friendly method of purchase. The purchaser will have 56 working days to exchange and complete once the draft contract is received by the buyer’s solicitor (or 10 working days after receipt of the buyer’s premium, whichever is earlier). Allowing the additional time to exchange and complete the property means interested parties can proceed with traditional residential finance. Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer with be required to put down a non-refundable reservation fee. The fee will be a fixed fee including the VAT, this secures the transaction and takes the property off the market. The buyer will be required to agree to our terms and conditions prior to solicitors being instructed. Copies of the Reservation form and all terms and conditions can be found on the online Auction website or requested from our Auction Department.

Please note this property is subject to an undisclosed Reserve Price which is typically no more than 10% in excess of the Starting Bid. Both the Starting Bid and Reserve Price can be subject to change. Our primary duty of care is to the vendor. Terms and conditions apply to the Modern Method of Auction, which is operated by goto Auctions.

General Information: Auctioneer's Comments

This property is for sale by Online Auction which is a flexible and buyer friendly method of purchase. The purchaser will not be exchanging contracts on the fall of the virtual hammer but will be given 56 working days in which to complete the transaction, from the date the Draft Contract are issued by the seller’s solicitor. By giving a buyer time to exchange contracts on the property, means normal residential finance can be arranged.

The Buyer’s Premium secures the transaction and takes the property off the market. Fees paid to the Auctioneer may be considered as part of the chargeable consideration for the property and be included in the calculation for stamp duty liability. Further clarification on this must be sought from your legal representative. The buyer will be required to sign a Reservation form to confirm acceptance of terms prior to solicitors being instructed. Copies of the Reservation form and all terms and conditions can be found in the Info Pack which can be downloaded for free from our website or requested from our Auction Department.

Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to make payment of a non-refundable Buyer’s Premium of minimum £6600 inclusive of VAT a Legal Pack fee of £396 including VAT. This secures the transaction and takes the property off the market. The Buyer’s Premium and administration charge are in addition to the final negotiated selling price.

Buyer Fees

There are no other fees or charges payable to the Auctioneer however, there are other costs to consider such as:

Stamp Duty Land Tax (sdlt) is applicable if you buy a property or land over a certain price in England, Wales or Northern Ireland. Please click here for more information.

EPC Rating: D

Living Room (3.24m x 4.18m)

Dining Room (3.25m x 5.71m)

Kitchen (4.67m x 3.25m)

Bedroom 1 (3.24m x 5.71m)