5 bedroom terraced house for sale

Front Street East, DH6

Guide Price* £149,950

Property Description

Key features

  • Two Four Bedroom Homes
  • Ideal Buy To Let
  • Potential For Two Family Homes
  • MUST VIEW PROPERTY
  • Call now to view 0191 274 72 71

Full description

Tenure: Freehold

This property is for sale by the Modern Method of Auction which is not to be confused with traditional auction. The Modern Method of Auction is a flexible buyer friendly method of purchase. We do not require the purchaser to exchange contracts immediately, but grant 28 days to achieve exchange of contracts from the date the buyer's solicitor is in receipt of the draft contracts and a further 28 days thereafter to complete. Allowing the additional time to exchange on 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 will be required to put down a non-refundable Reservation Fee of 3.5% to a minimum of 5,000.00 + VAT (1,000.00) = (6,000.00) which 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 an Acknowledgement of Reservation form to confirm acceptance of terms prior to solicitors being instructed. Copies of the Reservation from and all terms and conditions can be found in the Buyer Information Pack which can be downloaded for free from the auction section of our website or requested from our Auction Department. Please note this property is subject to an undisclosed reserve price which is generally no more than 10% in excess of the Starting Bid, both the Starting Bid and reserve price can be subject to change. Terms and conditions apply to the Modern Method of Auction, which is operated by Great North Property Auction powered by iam-sold Ltd.

FOR SALE BY AUCTION..we have a property that currently comprises of two four bedroom properties that would make an ideal investment or two family homes.

This accommodation has the potential to be one eight/ten bedroom property which could be rented out room by room earning 50-70 per room per week. Based on renting 10 rooms at 50 per week this property could achieve an income of approximately 26,000 per annum.

Each property comprises of:

Ground floor - lounge, dining room (bedroom five), kitchen

First floor - three bedrooms, bathroom

Second floor - bedroom four, ensuite shower room

Call now to view 0191 274 72 71 or find us on Facebook, Twitter, Instagram and www.Fairs-Estates.co.uk


Listing History

Added on Rightmove:
26 August 2016

Nearest station

  • Seaham (4.8 mi)
Distances are straight line measurements from centre of postcode

Nearest schools

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To view this property or request more details, contact:

Fairs Estates, Fenham

442 West Road Fenham Newcastle Upon Tyne NE5 2ER

0191 687 0586 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest station

  • Seaham (4.8 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Fairs Estates, Fenham

442 West Road Fenham Newcastle Upon Tyne NE5 2ER

0191 687 0586 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 66FRONTSTREET. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Fairs Estates, Fenham. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.

Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”

Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Fairs Estates, Fenham on 0191 2747271.


Map data OpenStreetMap contributors.