19 South Street, Spennymoor, County Durham, DL16 7TT
- PROPERTY TYPE
Terraced
- BEDROOMS
3
- BATHROOMS
1
- SIZE
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- 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
Description
Ready-Made Buy-to-Let Opportunity Tenant in Situ £5,940 Annual Rental Income
Description
FOR SALE BY UNCONDITIONAL ONLINE AUCTION IMMEDIATE EXCHANGE OF CONTRACTS
An excellent opportunity to acquire this spacious three-bedroom mid-terraced investment property situated within a popular residential area of Spennymoor.
Sold with a sitting tenant currently paying £495 per calendar month, the property provides an immediate rental income from completion, making it an attractive addition to any investment portfolio.
Offering approximately 1,054 sq ft of accommodation, this freehold property benefits from generous room sizes throughout and holds an EPC rating of C. The property is conveniently located close to local amenities, schools, shops and transport links, with easy access to Durham, Bishop Auckland and the A1(M).
Recent comparable sales within the immediate area have demonstrated strong demand for similar properties, highlighting the potential for both rental income and future capital growth.
Accommodation
Three Bedroom Mid-Terraced Property
Sold with a Sitting Tenant
Current Rental Income of £495 PCM
Freehold Tenure
Approximately 1,054 sq ft
EPC Rating C
Popular Residential Location
Ready-Made Investment Opportunity
Auction Details
The property is being sold by unconditional online auction. Upon the fall of the hammer, a legally binding contract is formed and exchange of contracts takes place immediately.
Completion will take place 28 days following exchange, unless otherwise stated within the legal pack.
All prospective purchasers are advised to inspect the legal documentation available prior to bidding and satisfy themselves regarding the tenancy, condition of the property and all matters relating to the purchase.
Important Notice & Disclaimer
The property is offered for sale by Unconditional Auction. Buyers must carry out their own inspections, surveys, searches, and legal due diligence prior to bidding.
Town & Country Property Auctions North East has not inspected all parts of the property and has relied on information provided by the vendor and third parties, including planning documentation and descriptions. No warranties or representations are given as to the condition, suitability, planning status, or development feasibility of the property. All information is provided for guidance purposes only and must be independently verified by prospective purchasers and their professional advisers.
Tenure
Freehold
Legal Pack
A legal pack is a collaboration of important documents of the property or land that is going to be sold at auction. To review the legal pack, click the Legal Documents button at the bottom of this advert or visit tcpa.co.uk.
Auction Information
To view the auction information, click the Online Bidding button at the bottom of this advert or visit tcpa.co.uk.
UNCONDITIONAL LOT Buyers Premium Applies Upon the fall of the hammer, the Purchaser shall pay a 5% deposit and a 5%+VAT (subject to a minimum of £5,000+VAT) buyers premium and contracts are exchanged. The purchaser is legally bound to buy and the vendor is legally bound to sell the Property/Lot. The auction conditions require a full legal completion 28 days following the auction (unless otherwise stated).
Pre Auction Offers Are Considered
The seller of this property may consider a pre-auction offer prior to the auction date. All auction conditions will remain the same for pre-auction offers which include but are not limited to, the special auction conditions which can be viewed within the legal pack, the Buyer's Premium, and the deposit. To make a pre-auction offer we will require two forms of ID, proof of your ability to purchase the property and complete our auction registration processes online. To find out more information or to make a pre-auction offer please contact us.
Any additional costs will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack is available to download free of charge under the LEGAL DOCUMENTS'. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.
Brochures
Legal DocumentsOnline Bidding- 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.
- Ask agent
- 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
19 South Street, Spennymoor, County Durham, DL16 7TT
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Visit our security centre to find out moreDisclaimer - Property reference 351383. 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 Town & Country Property Auction, Normanby. 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 Town & Country Property Auction, Normanby on 01642 056244.
*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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