3 bed semi-detached house for sale

Braithwaite Road, Peterlee SR8

Summary

Three-Bedroom Terraced Property | sold with sitting tenant 440 pcm Rental Income | No Upper Chain | Investment Opportunity

Pattinson Estate Agents are delighted to offer for sale this three-bedroom terraced property, situated in a popular residential area of Peterlee. Offered with no upper chain and sold via Pattinson Online Auction, the property presents an opportunity for buy-to-let investors, first-time buyers and owner-occupiers alike.

The ground floor comprises an entrance hallway leading to a spacious lounge, providing a comfortable living area. The fitted kitchen offers a range of wall and base units, space for dining and direct access to the enclosed rear garden.

To the first floor are three well-proportioned bedrooms, including a generous principal bedroom, together with a family bathroom fitted with a white three-piece suite.

Externally, the property benefits from an enclosed rear garden, offering outdoor space for relaxation and entertaining.

With a stated rental income of 440 per calendar month, equivalent to 5,280 per annum, the property offers potential for investors seeking rental income in an established residential location. The gross rental yield will depend on the eventual purchase price, with additional consideration required for maintenance, management costs and other ownership expenses.

Conveniently located close to local shops, schools, public transport links and the A19, the property benefits from road connections to Sunderland, Durham and Hartlepool.

Offered with no upper chain and available through Pattinson Online Auction, this property is well worth consideration by buyers looking for a three-bedroom home with investment potential.

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.