15 Edward Street, Durham, County Durham DH1 1PU
- PROPERTY TYPE
Terraced
- BEDROOMS
2
- 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
Auction Commencing on Monday 16th November from 1pm and ending 24 hours later on Tuesday 17th November from 11am with Auction House North East.
Please register to bid via our website - auctionhouse.co.uk/northeast
Two-bedroom freehold terraced property in Durham, generating £700 PCM (£8,400 per annum), with two reception rooms, enclosed rear courtyard and EPC rating C.
An excellent opportunity for buy-to-let investors to acquire this two-bedroom terraced property, offered for sale with a tenant in situ generating £700 per calendar month (£8,400 per annum). Situated within a convenient residential location in Durham, the property offers an immediate rental income and represents an attractive addition to an investment portfolio.
The accommodation is arranged over two floors and extends to approximately 74 sq m (797 sq ft), comprising an entrance hallway, spacious living room with bay window, separate dining room and fitted kitchen to the ground floor.
To the first floor, the landing provides access to two bedrooms, including a generously proportioned main bedroom, a family bathroom and a separate shower room, offering practical accommodation for tenants.
Externally, the property benefits from an enclosed rear courtyard with useful outbuildings providing additional storage space.
The property is situated on Edward Street in Durham, conveniently positioned for access to the city centre, local shops, schools and everyday amenities. Durham offers a wide range of shopping, leisure and educational facilities, together with excellent transport connections, including Durham railway station and access to the A1(M), making the location appealing to a variety of tenants.
Currently generating £8,400 per annum, the property provides an opportunity for investors seeking an established rental investment with income from completion, subject to the existing tenancy arrangements.
Property Information
Tenure: Freehold
EPC Rating: C
Current Rental Income: £700 PCM
Annual Rental Income: £8,400
Accommodation: Two bedrooms, two reception rooms, kitchen, bathroom and separate shower room
Approximate Floor Area: 74 sq m (797 sq ft)
Occupancy: Sold subject to the existing tenancy
Tenure: Freehold
EPC Rating: C
Administration Fee: £3600 inc VAT payable on exchange of contracts.
Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
- 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.
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- 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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Energy performance certificate - ask agent
15 Edward Street, Durham, County Durham DH1 1PU
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Visit our security centre to find out moreDisclaimer - Property reference 202610231648sq_d188. 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 Auction House, North East. 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 Auction House, North East on 0191 917 9650.
*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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