3 Bedroom House - Mid Terrace

Attention property investors

Over 10% Gross Return on investment at the full asking price!!!!!!

This mid terraced house underwent a full programme of refurbishment a couple of years ago, and has been rented out to a tenant insitu paying £550 per calendar month which would generate a gross return on investment of just under 9%. It is well presented and has an impressive modern finish to it which should appeal to a wide variety of purchasers. It has double glazing throughout, a recently installed heating system, it has under gone a full re wire, impressive room dimensions and is well located in the village.

Briefly the accommodation comprises of entrance hallway, open plan living room / dining room, spacious kitchen with space for breakfast table providing access to the rear yard. To the first floor there are three bedrooms and a well presented and again, well sized family bathroom in white with contrasting dark tiling.

Coundon is a short drive from Bishop Auckland and Spennymoor meaning that a wide range of amenities and facilities are close at hand. It is also well placed close to the A689 which links to the A1 (M) motorway network.

The property is within a Selective License Area.

Property details provided by JW Wood
EPC rating: D
Council Band: A
Tenure : Freehold

For Sale By Auction www.agentspropertyauction.com LIVE ONLINE AUCTION 31 March 2025 OPTION 1

Disclaimer 1
The Agents Property Auction have not inspected this property. The property details have been supplied by JWW. None of the services have been tested. Measurements, where given, are approximate and for descriptive purposes only. Boundaries cannot be guaranteed and must be checked by solicitors prior to exchanging contracts. The details are provided in good faith, are set out as a general guide only and do not constitute any part of a contract. No member of staff has any authority to make or give representation or warranty in relation to this property.
For sale by auction see www.agentspropertyauction.com

Disclaimer 2
Each auction property is offered at a guide price and is also subject to a reserve price. The guide price is the level where the bidding will commence. The reserve price is the sellers minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price, which may be up to 10% higher than the guide price, is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction. The successful buyer pays a £2000+vat (total £2400) Auction Administration Fee. At your request we can refer you to a North East based Solicitor from our panel. It is your decision whether you choose to deal with them, should you decide to use them you should know that we would receive a referral fee of £180 including Vat from them for the recommendation.

Disclaimer 3
A copy of the title is available upon request, we recommend all potential buyers take legal advice, satisfy their requirements on all matters and have finance in place prior to purchase.

Details awaiting vendors approval.

Disclaimer 4
We are advised by the seller that the property has mains provided gas, electricity, water (very low risk of surface water flooding) and sewerage.

The energy performance certificate attached advises the property is brick built and provides further details regarding the property’s construction.

Ofcom website states the average broadband download speed of 3Mbps and the fastest package of 10000Mbps at this postcode: DL14 8LH and mobile coverage is provided by EE, Three (limited indoor), 02 and Vodaphone.