Terraced House
A substantial three storey property with further basement / lower ground floor.
Comprising communal kitchen, living / dining room, two bathrooms and further W.C. / cloakroom.
Previously registered as a nine person HMO.
Benefits include gas central heating and UPVC double glazing.
We have been informed by the vendor that fire doors have been installed in the property, along with a fire alarm system and emergency lighting. Most rooms also have their own consumer unit. Please see legal pack for more information, including gas and electrical test certificates.
Well placed for Stockton town centre and a good range of local amenities.
If let as a HMO it has the potential to generate a rental income of around £36,000 per annum with a potential return of 33%.
Basement space offers scope for further accommodation or potential for a studio flat subject to any require consents.
Reception Hallway Communal Lounge / Dining Room
Communal Kitchen
Bedroom 1
Bedroom 2
Bedroom 3 Bedroom 4 Bathroom
Separate Wc
Bedroom 5 Bedroom 6
Bedroom 7
Bedroom 8
Shower Room
Front garden and a good size rear yard
Freehold.
Auction Details:
The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Fixed Fee.
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.
Auction Deposit and Fees:
The following deposits and non- refundable auctioneer’s fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of £1,500 inc. VAT
The Buyer’s Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.
Additional Information:
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page.
This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).
Guide Price & Reserve
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.
