18 Cooperative Street, Shildon, County Durham, DL4 1DA
- 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
Tenanted Two-Storey Terrace Property in Shildon
Description
Three-Bedroom Tenanted Terrace Property Cooperative Street, Shildon
A three-bedroom terraced property located on Cooperative Street in Shildon, offered for sale by online auction.
The property is being sold with a sitting tenant in situ, currently paying £495 per calendar month (£5,940 per annum), making this an attractive investment opportunity for landlords seeking an immediate rental income.
The sale is subject to immediate exchange of contracts, with completion required within 28 days.
Property & Auction Details:
Property type: Three-bedroom terraced house
Tenure: Sold with sitting tenant in situ
Current rent: £495 per calendar month
Council Tax Band: A
EPC Rating: C
Sale method: Online auction
Exchange: Immediate exchange upon successful purchase
Completion: Within 28 days
Financial Summary:
Current monthly rent: £495 PCM
Annual rental income: £5,940
Current gross yield at the all-in purchase price, including fees: 10.1%
Open Market Value: £70,000
Town & Country Property Auctions North East has not inspected all parts of the property and has relied upon information provided by the vendor and third parties. No warranties or representations are given regarding the condition, suitability or compliance of the property. All information, including the ground rent, absence of a service charge and parking arrangements, is provided for guidance only and must be independently verified by prospective purchasers and their professional advisers.
IMPORTANT NOTICE UNCONDITIONAL AUCTION SALE: This property is offered by way of Unconditional Auction. The successful bidder is required to pay a non-refundable deposit (typically 10% of the purchase price) and a Buyer's Premium immediately upon the fall of the hammer. Exchange of contracts takes place on the day of the auction and completion is required within the specified timeframe (typically 28 days). Town & Country Property Auctions North East acts as agent for the vendor.
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.
- 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.
- Yes
- 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.
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About Town & Country Property Auction, Normanby
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Visit our security centre to find out moreDisclaimer - Property reference 378288. 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.”
*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.