House For Sale £50,000
The Avenue, Hetton-Le-Hole, Houghton Le Spring

Being sold via Secure Sale online bidding. Terms & Conditions apply. Starting Bid £50,000

Ready made investment opportunity for a seasoned or first time investor.

Currently let on a 12 Month AST from September 2023 to a long standing tenant of 27 years at a rent of £488pcm. There is scope to increase this at the end of the tenancy to the current market rent of £650pcm.

The Main flat roof replaced in 2013, windows replaced in 2005, boiler replaced in 2013 and serviced annually, rewired in 1996 and maintained with a periodic EICR report.

Internally the accommodation is set out over 2 floors and briefly comprises; reception hall, lounge through diner, kitchen, rear lobby and bathroom, at first floor there are 3 double bedrooms.

The property is superbly located in Hetton Le Hole being only 10 minutes drive to both Durham and Sunderland.

Entrance Hall - Door to Storage cupboard, door to:

Living Room - 4.23m x 3.55m (13'11" x 11'8") -

Dining Room - 4.22m x 3.99m (13'10" x 13'1") -

Kitchen - 3.65m x 1.91m (12'0" x 6'3") -

Rear Lobby -

Bathroom -

Bedroom - 4.22m x 3.29m (13'10" x 10'10") -

Bedroom - 4.23m x 2.17m (13'11" x 7'1") -

Bedroom - 3.22m x 2.35m (10'7" x 7'9") -

External -

Auctioneers Comments - Auctioneers Additional Comments
Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.

This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.

The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via the Marketing Agents or via The Auctioneers website.

Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both any marketing agent and The Auctioneer in order that all matters can be dealt with effectively.

The property is being sold via a transparent online auction.
In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere.
Our verification process is in place to ensure that AML procedure are carried out in accordance with the law.

A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers' obligations and sellers' commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price of the property. The deposit will be a contribution to the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 6,000 inc VAT) is also required to be paid upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.

Both the Marketing Agent and The Auctioneer may believe necessary or beneficial to the customer to pass their details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.