3 bed end terrace house for sale

Cotsford Park Estate, Peterlee SR8

Summary

Online auction ... We are delighted to present to the market this three-bedroom end-terrace property, offered with no onward chain, and situated within the popular residential community of Horden, Peterlee. Occupying a larger-than-average end plot, this property represents an excellent turnkey investment opportunity, while also appealing to first-time buyers and families.

The accommodation briefly comprises a welcoming entrance porch, two spacious reception rooms providing flexible living space, and a well-appointed kitchen with ample storage and preparation areas and a modern family bathroom. To the first floor are three well-proportioned bedrooms, all good sizes and benefiting from good levels of natural light.

Externally, the property enjoys a generous end plot, offering an attractive and well-maintained front and rear aspects that sits comfortably within the surrounding street scene and provides additional outdoor space when compared to mid-terrace homes.

For investors, the property offers an achievable rental income of approximately 650 per calendar month, equating to an impressive 10.4% annual rental yield, making it a highly attractive addition to any rental portfolio. The benefit of no onward chain further enhances its appeal, allowing for a smooth and efficient purchase process.

The property is conveniently located close to a range of local amenities, schools, and transport links, helping to ensure consistent tenant demand.

In summary, this is a chain-free, income-generating investment opportunity, enhanced by a larger end plot, and early viewing is strongly 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.