Investments Residential

Exceptional Investment Opportunity! Attention all Buy-to-Let Investors!

This unique offering presents the chance to acquire FOUR properties in one lot—comprising three apartments and a charming cottage. The property is currently generating a combined rental income of approximately £19,740 per annum. There is the possibility to review this upwards. This is an opportunity not to be missed!

•Flat 1: Currently let at £425 pcm
•Flat 2: Currently let at £375 pcm
•Flat 3: Currently let at £395 pcm
•The Coach House (situated at the rear of the property): Currently let at £450 pcm

This property offers fantastic investment potential, and to truly appreciate what’s on offer, an internal viewing is highly recommended.

Please note: All rental information provided is based on verbal confirmation from the vendor. Full tenancy details will be included in the legal pack, and we advise all prospective buyers to verify rental incomes prior to bidding.

EPC rating: C, C, C, E
Council Band: A, A, A
Tenure : Freehold

For Sale By Auction www.agentspropertyauction.com LIVE ONLINE AUCTION 30 September 2024 OPTION 1

51 Durham Road
Entrance hall

Flat One

Living Room
14’10 x 15’04 into bay
Range of bas units with worktop surfaces, built in electric oven and gas hob with extractor hood, sink unit and drainer, plumbing for washing machine, radiator and bay window to front elevation.

Inner Hallway

Bedroom Two
13’05 x 8’07
Double glazed window to rear and radiator.

Shower Room
Shower cubicle, low level wc, pedestal wash hand basin, radiator and double glazed window.

Bedroom One
Double glazed window to rear and radiator.

Flat Two

Kitchen
13’03 x 13’03
Double glazed window to front elevation, range of base units with laminate worktop surfaces, built in electric oven and hob with extractor hob, plumbing for washing machine, radiator and tiled splashbacks.

Bedroom One
13’02 x 7’11
Double glazed windows to front elevation and radiator.

Bedroom Two
13’05 x 8’06
Double glazed window to rear elevation, radiator and built in wardrobe.

Bathroom
Suite comprising low level wc, bath, pedestal wash hand basin, double glazed window to rear elevation, tiled splashback and radiator.

Stairs to Second Floor

Flat Three

Living Room/Kitchen/Bedroom
21’08 x 8’10
Two dormer windows to the front elevation, range of bas units with worktop surfaces, built in gas hob with electric oven, sink unit and drainer and radiator.

Shower Room
Low level wc, shower cubicle, heated towel rail and wash hand basin.

Externally
Gravelled courtyard to rear with access to “The Coach House”.

Coach House

Disclaimer 1
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 and sewerage (high risk of surface water flooding).

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 10Mbps. 10Mbps and 14Mbps the fastest package at this postcode: DH8 8RS and mobile coverage is provided by EE (limited indoor), Three (limited indoor), 02 and Vodaphone (limited indoor).