2 bed terraced house to buy in SR8

Whickham Street, Easington, Peterlee, Durham, SR8 3DJ

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Online auction

  • 2 Bed, 2 Reception House
  • Turn-Key Investment
  • Sold with Sitting Tenant
  • Long-Term Tenant in Place
  • £450 PCM Rental Income
  • 10.8% Annual Rental Yield
  • No Rental Arrears or Missed Payments
  • Managed by Pattinson's

2 bed terraced house to buy in SR8

Sold via online auction....Sold with sitting tenant, generating an income of £450 PCM, equating to an impressive annual rental yield of approximately 10.8%

Situated in the heart of Easington, Peterlee, this delightful two-bedroom terraced house presents a fantastic turn-key investment opportunity, offered for sale with a long-term sitting tenant already in place.

The property has been exceptionally well maintained throughout and benefits from a reliable tenant with no rental arrears or missed payments, making it an ideal ready-made addition to any investor’s portfolio. Professionally managed by Pattinson Estate Agents, the property offers a hassle-free investment opportunity and is available with no onward chain.

Internally, the accommodation briefly comprises a welcoming lounge, a second reception room with feature log burner, a modern fitted kitchen, two generously sized double bedrooms, and a spacious four-piece family bathroom. The property also benefits from gas central heating, double glazing, and neutral décor throughout.

Externally, there is an enclosed rear yard providing off-street parking. Ideally positioned close to local shops, schools, parks, and transport links, the property remains popular with tenants seeking convenient and comfortable accommodation.


Summary

  • Property Type: Terraced House
  • Bedrooms: 2
  • Receptions: 2
  • Tenure: Freehold
  • Heating: Gas
  • Parking: Off Street
  • USPs: Has Garden, Chain Free

Floor Plan

Floor Plan
EPC for 2 bed terraced house to buy in SR8

Timescales

Contracts will exchange immediately. There are 28 days in which to complete the purchase.

Legal Pack

A legal pack is available to download. Special conditions may apply.

We strongly recommend buyers familiarise themselves with the legal pack prior to bidding.

Deposit

In order to secure the purchase a buyer will pay a deposit of 5%, subject to a minimum £4,000 which contributes towards the overall purchase price of the property.

The deposit is non-refundable. 

Buyer Fees

This property is sold subject to a non-refundable reservation fee of 2.5%+ VAT to a minimum of £3,000 + VAT (£3,600 inc VAT)  This does not form part of the purchase price.

More Information

For more information call our auction experts on 0191 206 9335 or email auctions@pattinson.co.uk

ONLINE AUCTION NOTICE

I hereby acknowledge and confirm the following:  

My bid may be accepted by the seller at any time before the close of the auction.  It is subject to the terms and conditions of the auction which I have read and understood. I have read and understood the legal pack applicable to my bid/lot and agree to be bound by any special conditions within that pack. 

If my bid is successful (whether as the highest bid or upon acceptance by the seller in the course of the auction) I shall be bound by the lot terms and conditions as advertised online.  

Any amount payable at the close of the auction must be paid within 1 hour.   

Please note that the bidding process will work in a different way to an eBay auction, so there is NO advantage to bidding at the last second. 

Each auction will automatically stay open until there has not been a bid within the final 10 minutes. If no bid has been submitted within the final 10 minutes of the auction, the auction will close and the highest bidder will be successful subject to the reserve price being met or upon acceptance of an offer by the seller throughout the auction cycle. If there is another bid within 10 minutes of the last bid, the auction countdown timer will be restarted for another 10 minutes to allow further bidding. This system avoids last-minute (or second) bidding and makes for a fairer auction as in a live-room auction situation. 

Please bid in good time before the end of the auction, delaying your bid to the last seconds may disadvantage you if your connection slows or you lose internet connectivity.

The auctioneer is not responsible for any tech issues, power outage or error messages which hampers or eliminates an individual's opportunity to bid.

It is the bidder's responsibility to ensure the bid has been lodged with the auctioneer. It is therefore beneficial to bid on your chosen lot at your earliest opportunity.

The auctioneer accepts no responsibility for bids that are not received or are received late and reserves the right to reject any bid without notice. 

Minimum online bidding increments: 
£50,000 - £250 minimum bid
£50,001 to £150,000 - £500 minimum bid 
£150,001 to £250,000 - £1,000 minimum bid 
​£250,001 to £750,000 - £2,500 minimum bid 
£750,001 to £1.5 Million - £5,000 minimum bid
£1.5 Million Plus - £10,000 minimum bid

Please note this bidding process applies specifically to online auctions. 

More Information is available:

For more information, call our auction experts on 0191 206 9335 or email auctions@pattinson.co.uk

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