Seaside Lane, Easington, Peterlee, Durham, SR8 3PF
- PROPERTY TYPE
Terraced
- BEDROOMS
3
- BATHROOMS
1
- SIZE
Ask agent
- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- Potential Rental Income £1300pcm
- Potential 16.42% Rental Yield
- Residential Property Sale
- Ground Floor Shop Unit
- Upper Floor Flat
- 38x19ft Garage/Workshop
- HMO Potential
- NO CHAIN
Description
Welcome to this unique and versatile property that presents an exceptional investment opportunity for seasoned investors or a growing family, Situated in a prime location, this property, once a mixed commercial/residential space, is now classified as fully residential, offering the potential for multiple income streams. Property, shop and garage/workshop have all been previously rented out, Flat £600.00pcm, Shop £400.00pcm and Garage £300pcm, Giving a potential rental income of £1400pcm / 16.42% Yield.
Ideal HMO potential, 5/6 bedroom depending on planning permission and licencing, With an achievable income of £1750 to £2400pcm
Property Overview:
Ground Floor:
An inviting entrance hall welcomes you into the property. The spacious reception room, formerly a shop, provides ample space for various uses, a well-equipped kitchen is ideal for meal preparation and dining and a convenient ground floor WC adds to the property's practicality.
First Floor:
A generous living kitchen on the first floor offers an open-plan functional space, two comfortable double bedrooms provide excellent accommodation options, a family bathroom ensures convenience and comfort, An additional loft room provides flexibility for various purposes.
External Features:
A significant garage/storage/workshop unit at the rear of the property measures 38x19ft, offering ample space for storage with hot and cold plumbing, roller shutter, security doors and extractor fan .
Investment Potential: This property holds immense investment potential. With the right permissions, it can generate three separate rental incomes from the ground floor unit, first floor flat unit, and the spacious garage storage unit. The property's strategic location ensures a steady demand for both residential and commercial spaces, making it an enticing prospect for investors seeking a reliable source of income.
Location: The property is ideally located in Easington Colliery on a busy street. Its accessibility to the A19 and proximity to Peterlee make it an attractive choice for tenants or future buyers. Don't miss this golden opportunity to add a versatile income-generating property to your investment portfolio. Contact us today to schedule a viewing and explore the full potential of this property.
Council Tax Band: A
Tenure: Freehold
External Front
External Rear
GROUND FLOOR:
Shop Area
9.01m x 5.04m
Kitchen Dining Space
5.41m x 3.59m
Cloakroom W/c
Entrance Hall
FRIST FLOOR:
Landing
Kitchen Living Area
6.12m x 5.28m
Bedroom One
4.14m x 4.08m
Bedroom Two
3.61m x 3.6m
Bathroom
SECOND FLOOR:
Loft Room One
6.5m x 2.69m
Loft Room Two
6.72m x 2.92m
Garage/Workshop/Storage
11.8m x 6.07m
Auctioneers Additional Comments
Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.
Please be aware that any inquiry, bid or viewing of the subject property will require your details to be shared between both the marketing agent and The Auctioneer in order that all matters can be dealt with effectively.
This auction lot is being sold either by, conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.
The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via The Auctioneers or the Marketing Agents website.
Auctioneers Additional Comments
Your details may be shared with additional service providers via the marketing agent and/or The Auctioneer.
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.
In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification and identity process in accordance with Anti Money Laundering procedures.
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 of 5% of the purchase price of the lot subject to any special conditions detailed in the legal pack. The deposit will be a contribution to the purchase price. A non-refundable reservation fee may also be payable upon agreement of sale (Details of which can be obtained from the auctioneers website). The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.
Both the Marketing Agent and The Auctioneer may believe it necessary or beneficial to the customer to pass your details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.
Brochures
Brochure- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Band: A
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Garage
- GARDENA property has access to an outdoor space, which could be private or shared.
- Ask agent
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Seaside Lane, Easington, Peterlee, Durham, SR8 3PF
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Visit our security centre to find out moreDisclaimer - Property reference 465557. 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 Pattinson Estate Agents, Peterlee. 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.
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 Pattinson Estate Agents, Peterlee on 0191 625 0949.
*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.”
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