House For Sale £37,000
Park Terrace, Peterlee, County Durham, SR8

Welcome to Park Terrace, this two-bedroom mid-terraced house presents an exceptional opportunity for investors. Boasting the convenience of a sitting tenant currently paying £400 per calendar month, this property promises immediate returns on investment.

Upon entering, you are greeted by a spacious living room, offering the perfect setting for relaxation and entertainment. The adjoining dining room provides a versatile space for dining , complete with ample room for gatherings of friends and family. Separate spacious Kitchen area.

Ascending to the first floor, two generously sized double bedrooms await, each providing a tranquil retreat for rest and rejuvenation. The accommodation further comprises a well-appointed bathroom, ensuring both comfort and convenience.

Outside, a rear yard offers a private outdoor space.

Combining practicality with comfort, this property on Park Terrace presents an enticing opportunity to acquire an investment property!

This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold Limited This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor. This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey). The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.2% of the purchase price including VAT, subject to a minimum of £6,000.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded. This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack. The buyer will also make payment of £300 including VAT towards the preparation cost of the pack, where it has been provided by iamsold. The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change. Referral Arrangements The Partner Agent and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted. Where services are accepted the Auctioneer or Partner Agent may receive payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you.