3 bed terraced house to buy in SR8
James Street, Peterlee, Durham, SR8 3LZ
Online auction
- Sold with sitting tenant in situ
- Rental income: £500PCM
- Approximate 10% gross yield
- Three-bedroom end-terraced home
- Well maintained throughout
- No rent arrears
- Managed by local letting agent
3 bed terraced house to buy in SR8
Investment Opportunity – Three-Bedroom End-Terraced Home – James Street, Easington, County Durham
Offered for sale with tenant in situ, this well-maintained three-bedroom end-terraced property presents an excellent turnkey investment opportunity, currently generating £500 PCM, equating to an approximate 10% gross rental yield.
Positioned on James Street, Easington, the property enjoys a convenient location within walking distance of local amenities, transport links, schools, and everyday services, making it an attractive and practical choice for tenants.
Internally, the accommodation briefly comprises an entrance vestibule leading into a spacious and comfortable lounge featuring an attractive fire surround. The property benefits from UPVC double glazing and gas central heating throughout. To the rear is a modern fitted kitchen offering ample storage, a stainless steel sink, and under-counter plumbing for a washing machine. Completing the ground floor is a contemporary family bathroom fitted with a shower suite.
To the first floor, the property offers three well-proportioned bedrooms, providing flexible accommodation suitable for families and long-term occupancy.
Externally, the home benefits from an enclosed front garden and a private rear yard, creating usable outdoor space with low maintenance requirements.
This is an ideal opportunity for investors seeking an income-producing asset with an established tenant, no rent arrears, professional local management in place, and immediate rental return from completion.
Summary
- Property Type: Terraced House
- Bedrooms: 3
- Receptions: 1
- Tenure: Freehold
- Heating: Gas
- Parking: On Street
- USPs: Has Garden, Chain Free
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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