2 bed Flat For Sale £100,000
Pickering Place, Durham

This fabulous 2 bed/2 bath home is immaculately presented throughout, and is well situated for quick and easy access to Durham, Newcastle, Sunderland and Gateshead.

Located in the popular development of Pickering Place, this property presents an opportunity to acquire a lovely home in an ever popular location, and interest is expected from owner occupiers and investors alike.

Location:

Ideally suited to those working or studying in Durham, Newcastle, Sunderland or Gateshead, with quick and easy access to the following amenities and transport links amongst many others:

Supermarkets: Spar - 1 min drive, Sainsburys Local - 2 min drive.
Bus stop: Approx 5 min walk.
Arterial routes: The development is very close to the A1M

Brief property information:

Internally, there is approx 667 ft2 (62 m2) of well utilised space, including an open plan lounge opening onto a full size kitchen, a spacious master bedroom with en suite, a family bathroom, and a second bedroom.

The communal areas of this building are well maintained, and the apartment is accessed via a bright and open entrance stairwell, with double height windows leading up to the vaulted ceiling. Externally, there is a parking area, and landscaped areas.

The communal areas are well kept, with cleaners attending regularly and landscape gardeners retained to maintain the external areas.

EPC Rating (2015) 80 (C) Potential 82 (B)
Council Tax Band B (Estimated £1714.00 min p/yr)

Investment overview:

The property is currently let on a fully furnished basis, on a periodic AST. Preferable terms were agreed, with rent recently increased to £575PCM (as of 31st December 2022), however market value is circa £600.00PCM. The property can also be sold with vacant possession.

Please contact 10Homes for full buyers information pack, to include the full lease, tenancy documents, SC and GR statements, and property records/certificates.

Building manager: The building and grounds are managed by Kingston Property Services. The freeholder is Gentoo Homes Ltd.

Tenure:
Leasehold term : 125 Years From 1 January 2007 (108 years remaining)
Ground rent: £125.00 per annum

Service charge:
The last full 12 month charge (until 31/03/2023) of £923.68 has been raised/settled via Kingston Property Services
The building service charge includes communal cleaning (inc windows), electricity for communal areas, buildings insurance, fire risk assessment, landscape maintenance, emergency lighting testing, as well as general building maintenance and upkeep items.

Click here to view our full buyers information pack available, to include:

Title register & plan
Completed TA6, TA7 and TA10
Tenancy documents

Council Tax Band: C
Tenure: Leasehold
Lease Years Remaining: 108
Ground Rent: £125.00 per year
Ground Rent Review Period: 25 years
Service Charge: £923.68 per year