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99 Sixth Street, Horden, Peterlee, County Durham SR8 4JX

Lot no: 180 Sold Prior to Auction
 

Guide Price £22,000+ plus fees

Unconditional with Variable FeeOn the fall of the hammer, the successful bidder will be legally bound to purchase the property. The successful bidder must immediately exchange contracts and pay the applicable deposit and Buyer’s Fee stated on the property description, both of which are non-refundable. The deposit contributes to the purchase price. The Buyer’s Fee does not contribute to the purchase price. Completion must take place usually within 30 days, unless the Special Conditions of Sale within the legal pack state otherwise.

Thursday 26th September 2024

9.00am
Key Features
  • Two bedroom terraced house
  • Ideal potential investment opportunity
  • Close to a good range of amenities
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Sold Prior to Auction

Terraced House

Property Description:

A traditional terraced house offered with vacant possession.

The auctioneers have not inspected the property internally but believe it to comprise lounge, kitchen, two bedrooms, bathroom and rear yard/garden. The property benefits from gas central heating and double glazing.

The property fronts Sixth Street within a residential area, close to shops and amenities. Local green spaces include Horden Park and transport links are provided by way of a local bus service and Horden rail station.

An ideal buy to let investment with an estimated rental value of £450 per calendar month/ £5,400 per annum, based on comparable evidence. Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.

Ground Floor:

Lounge and kitchen

First Floor:

Two double bedrooms and bathroom

Outside:

Rear yard

Note:

Vendor has provided internal photos and the Auctioneers have not personally inspected the property.

Construction Material:

Cavity wall, filled cavity

Heating Supply:

Double Glazing and Gas Central Heating

Electricity Supply:

Mains

Water Supply:

Mains

Sewerage Arrangements:

Mains

Broadband:

Standard - 12 mbps, Superfast - 77 mbps and Ultrafast - 9000 mbps available.

Mobile Phone Coverage:

O2, EE, Three and Vodafone available.

Draft Sales Details

These sales details are awaiting vendor approval.

Tenure:

Freehold. Vacant possession upon completion.


Utilities Information
  • Heating Supply: Gas Central, Double Glazing
  • Electric Supply: Mains Supply
  • Water Supply: Mains Supply
  • Sewerage Arrangements: Mains Supply
Parking Arrangements

On Street



Auction Details

The sale of this property will take place on the stated date by way of Auction Event and is being sold under an Unconditional sale type.

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 auctioneers fees apply:

• 5% deposit (subject to a minimum of £5,000)

• Buyers Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.

The Buyers 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 Price

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.