Cravens Cottages, Station Town, Wingate

Welcome to Cravens Cottages, Wingate, (TS28), a well-presented three-bedroom home offering practical living space and a great option for first-time buyers, small families, or investors looking for a reliable rental property.

Investment Potential:

With an estimated 10% rental yield, the property presents an attractive opportunity for investors seeking strong returns. The layout, location, and local demand for rental properties combine to make this a reliable long-term addition to a buy-to-let portfolio.

Close to Castle Dene Shopping Centre:

This property benefits from a highly convenient position, with Castle Dene Shopping Centre in Peterlee just a 14-minute drive away, offering a wide range of shops, services, and everyday amenities. Horden Train Station is approximately 17 minutes away, providing direct rail links to Sunderland, Hartlepool and Middlesbrough, making wider commuting simple and reliable. The area is also well served by local bus routes, connecting to nearby towns and coastal destinations. For drivers, the property offers excellent access to the A19, allowing straightforward travel to Durham, Teesside and Newcastle, ideal for anyone commuting beyond the local area.

EPC Rating C:

The property benefits from an EPC rating of C, which is increasingly desirable for both homeowners and investors. A higher EPC rating means better energy efficiency, helping to keep running costs lower and making the home more comfortable year-round. For landlords, this rating also ensures the property meets current and future energy standards, reducing the likelihood of costly upgrades later and making it more appealing to prospective tenants.

The property features a good-sized living room with a large front window that brings in plenty of natural light, leading through to the kitchen which offers a built-in hob and oven, ample storage, and access to the rear yard.

Upstairs, you'll find three bedrooms: one double room with fitted wardrobes providing convenient built-in storage, and two single bedrooms ideal for children, guests, or use as a home office. The bathroom includes a fitted bath with a detachable shower head for everyday ease.

Outside, the property benefits from a private rear yard, an easy-to-maintain space suitable for seating, storage, or general use and a front garden.

The property a 14-minute drive to Castle Dene in Peterlee, that has a range of amenities and shops around. Horden Train Station a 17-minute drive away, providing direct connections to Sunderland, Hartlepool, and Middlesbrough, making commuting straightforward. Several local bus routes also run through the area, giving access to nearby towns and coastal locations. For those who drive, the property offers quick access to major roads including the A19, providing smooth routes to Durham, Teesside, and Newcastle, ideal for commuting beyond the immediate area.

This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold).

If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The buyer will pay £300.00 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.50% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00. These services are optional.

Council Tax Band: A (Durham County Council)
Tenure: Freehold