Property Summary

TENANTED INVESMENT FOR SALE VIA PATTINSONS AUCTION

Being sold via Secure Sale online bidding. Terms & Conditions apply. Starting Bid £50,000

Current tenants paying £500 pcm

sbliving are proud to present this three bedroom semi-detached home situated in Wingate, Durham. This spacious home is currently tenanted, and will be sold with tenants in situ, providing an excellent investment opportunity.

KEY FEATURES

Living Room – With large double glazed windows allowing heaps of natural lighting, laminate flooring, and ample space for large furniture, this is the perfect room to relax and entertain.

Kitchen – Fitted with a range of wall and base units, with stone-effect work surfaces, sink and drainer unit, electric hob and overhead extractor hood. Integrated appliances including: microwave. fridge and freezer. With vinyl flooring, double glazed window to the rear aspect and an external door leading to the rear yard (concrete).

Bedrooms – 3 Bedrooms, two are which are double and one single. All rooms have natural décor, and the master has an integrated wardrobe. All have large windows providing natural light.

Bathroom – Fitted with a walk in shower and a wash basin followed by a heated towel radiator. The toilet is in a separate room.

External – The front of the property features a large concrete driveway, and a side gate leads to the spacious patio rear garden enclosed by fencing.

Please contact Pattinsons Auction to book in a viewing!

Auctioneers Additional Comments

Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as ‘The Auctioneer’.

This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.

The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via the Marketing Agents or via The Auctioneers website.

Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both any marketing agent and The Auctioneer in order that all matters can be dealt with effectively.

The property is being sold via a transparent online auction.

In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere.

Our verification process is in place to ensure that AML procedure are carried out in accordance with the law.

The advertised price is commonly referred to as a ‘Starting Bid’ or ‘Guide Price’ and is accompanied by a ‘Reserve Price’. The ‘Reserve Price’ is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the ‘Guide Price’ / ‘Starting Bid’.

These prices are subject to change.

An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction.

A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers’ obligations and sellers’ commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

Auctioneers Additional Comments

In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price of the property. The deposit will be a contribution to the purchase price. A non-refundable reservation fee up to 6% inc VAT (subject to a minimum which could be up to £7,200 inc VAT) is also required to be paid upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.

Both the Marketing Agent and The Auctioneer may believe necessary or beneficial to the customer to pass their details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.