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Tweed Close, Peterlee, Peterlee, SR8

PROPERTY TYPE

Apartment

BEDROOMS

2

BATHROOMS

1

SIZE

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Describes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.

Key features

  • FOR SALE VIA AUCTION
  • SOLD WITH SITTING TENANT PAYING £450PCM
  • TWO DOUBLE BEDROOMS
  • SECOND FLOOR FLAT
  • SPACIOUS LIVING ROOM
  • VIEWING RECOMMENDED
  • SOUGHT AFTER PETERLEE LOCATION
  • CLOSE TO LOCAL AMENITIES

Description

FOR SALE VIA AUCTION!! This two-bedroom second floor flat is ideally located on Tweed Close, Peterlee (SR8), offering an ideal investment opportunity with a sitting tenant paying £450pcm

The property features a spacious lounge, perfect for relaxing or entertaining guests, along with a fitted kitchen providing ample storage and workspace. There are two generously sized bedrooms, both offering plenty of space, and a modern family bathroom fitted with a three-piece suite.

Externally, the property benefits from a private entrance and on-street parking available nearby.

Situated close to local amenities, schools, and transport links, this flat is well-positioned for easy access to Peterlee town centre and surrounding areas.

Ideal for investors, this property offers excellent value and viewing is highly recommended.

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 winning bidder will pay £349.00 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.







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 winning bidder will pay £349.00 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.

Entrance

Living Room

With a double glazed window, radiator.

kitchen

With a range of base & wall units, heat resistant worktops, tiling to splash backs built in oven, hob & extractor, plumbing for automatic washing machine, double glazed window, radiator, built in storage cupboard.

Bedroom 1

With double glazed window, radiator.

Bedroom 2

With a double glazed window, radiator.

Bathroom

With a white three piece suite comprising: panel bath with shower/tap attachment, low level w.c, pedestal wash basin, radiator, double glazed window.

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.
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GARDENA property has access to an outdoor space, which could be private or shared.
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ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Tweed Close, Peterlee, Peterlee, SR8

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About Dowen, Peterlee

1 Yoden Way, Peterlee SR8 1BP
Industry affiliations:

Tried, Tested & Trusted in the North East Since 1982 At Dowen Estate Agents, we deliver a 5-star estate agency experience through a passionate team of property experts. Our foundation is traditional estate agency, now seamlessly blended with 21st-century technology to meet the evolving needs of every client. Founded in 1982 by Denis Dowen, the company was acquired in 2020 by long-standing employees John Nicholson and Trudie Bowes. Today, Dowen operates 8 branches and bespoke Auction Stores, covering the North East from coast to A1 corridor. We’re a full-service estate agency, offering: Residential Sales: Tens of thousands of properties sold across all price ranges. Lettings: Hundreds of homes under professional management. Auctions: Founding member of The Great North Property Auction, with thousands of successful sales since 2012. Surveys & EPCs: Provided via our panel of independent surveyors. Conveyancing: Competitive rates through trusted local solicitors. Mortgages: Arranged via independent brokers. We proudly subscribe to the National Association of Estate Agents and the Ombudsman for Estate Agents, adhering to their strict codes of practice.

Affordability

Monthly repayments£206
Property: £ 45,000
Deposit: £ 4,500
Interest rate: 4.5%
Term: 30 years
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Disclaimer - Property reference S_10272684. 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 Dowen, 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 Dowen, Peterlee on 0191 625 0203.

*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.”

*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited.
**This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.

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