29 St. Leonards Close, Peterlee, County Durham, SR8 2NW
- PROPERTY TYPE
Semi-Detached
- BEDROOMS
4
- BATHROOMS
2
- 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
Description
FOUR-BEDROOM SEMI-DETACHED HOUSE FREEHOLD TENANTED INVESTMENT £9,600 ANNUAL RENTAL INCOME PETERLEE
An excellent opportunity to acquire a freehold four-bedroom semi-detached property, situated in the popular residential area of Peterlee, County Durham.
The property is currently let on an Assured Shorthold Tenancy at £800 per calendar month (£9,600 per annum), offering investors an established rental income and an opportunity to add to their existing portfolio.
The accommodation comprises two reception rooms, kitchen, ground-floor WC, four bedrooms and a family bathroom. Further benefits include gas central heating, uPVC double glazing and front and rear gardens.
Conveniently located close to local shops, schools, healthcare facilities and transport links, the property is well positioned for residential letting.
Offered for sale by traditional unconditional online auction, with completion within 42 days (six weeks).
- Four-bedroom semi-detached house
- Freehold tenure
- Currently tenanted at £800 per calendar month
- Gross annual rental income of £9,600
- Two reception rooms and ground-floor WC
- Four bedrooms and family bathroom
- Front and rear gardens
- Gas central heating and uPVC double glazing
- Popular residential location in Peterlee
- EPC Rating: D
- Traditional unconditional online auction
- 42-day completion
Ground Floor: Two reception rooms, kitchen and WC.
First Floor: Four bedrooms and family bathroom.
Externally: Front and rear gardens.
The accommodation details have been provided to Auction Local and have not been independently verified.
Investment Appeal
The property is offered subject to the existing Assured Shorthold Tenancy, making it suitable for investors seeking an established residential letting opportunity.
Prospective purchasers should review the legal pack and independently verify the tenancy terms, rental payment history, deposit arrangements and any associated obligations before bidding.
Viewings
Please contact Auction Local for further information regarding viewing arrangements. As the property is tenanted, access will be subject to the occupier's availability and appropriate notice.
Common Auction Conditions
The property is offered by traditional unconditional online auction, subject to our Common Auction Conditions, available on our website.
The successful purchaser will enter into a legally binding contract, with completion required within 42 days (six weeks), subject to the contract terms.
The purchaser will be required to pay a buyer's administration fee of £1,800 inclusive of VAT, whether the property is purchased before, during or after the auction.
The legal pack is available to view online via the Auction Local website.
Prospective purchasers are strongly advised to review all legal documentation, including the existing tenancy and special conditions of sale, and obtain independent legal advice before bidding.
Guide Price & Reserve Price
The property is offered subject to a Reserve Price, which will be within 10% of the Guide Price.
The Guide Price is an indication of the seller's current price expectations and is not necessarily the price at which the property will sell. Both prices may be subject to change.
These particulars have been prepared in good faith using information available to Auction Local.
At the time of publication, the Auctioneers have not inspected the property internally. Accordingly, details relating to the accommodation, condition, fixtures, fittings, services and tenancy have not been independently verified.
Prospective purchasers must satisfy themselves as to the accuracy of all information through their own inspections, surveys and legal enquiries before making an offer or bid.
Neither Auction Local nor the vendor makes any representation or warranty as to the accuracy or completeness of these particulars.
For further information, viewing enquiries or legal pack access, please contact:
Auction Local
auctionlocal.co.uk
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.
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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.
- Ask agent
- GARDENA property has access to an outdoor space, which could be private or shared.
- Yes
- 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
Energy performance certificate - ask agent
29 St. Leonards Close, Peterlee, County Durham, SR8 2NW
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Visit our security centre to find out moreDisclaimer - Property reference 374839. 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 Local, Walsall. 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 Local, Walsall on 01922 662532.
*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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