2 bed terraced house to buy in SR8
Ninth Street, Horden, Peterlee, Durham, SR8 4LZ
Online auction
- No onward chain
- Two-bedroom terraced property
- Immaculately maintained throughout
- Upgraded bathroom, boiler, windows, doors
- Potential rental income of £475pcm+
- Scope for cosmetic modernisation
- Ideal first-time buy or investment opportunity
2 bed terraced house to buy in SR8
No Chain | Potential 16.3% Rental Yield | Immaculately Maintained Home
Offered to the market with no onward chain, this deceptively spacious two-bedroom terraced property in Horden, Peterlee, presents an excellent opportunity for investors and first-time buyers alike.
Immaculately maintained throughout, the property is ready to move into and has been lovingly cared for by its current owner. Whilst some cosmetic aspects may be considered dated, the home is exceptionally clean and well-presented, offering buyers the opportunity to modernise to their own taste over time.
The accommodation briefly comprises a welcoming lounge, fitted kitchen, upgraded family bathroom, and two well-proportioned bedrooms. The property has also benefited from a number of important improvements, including a modern combi boiler, replacement UPVC windows, and new external doors, providing added efficiency and reducing future expenditure.
Externally, there is an enclosed rear yard, creating a private and low-maintenance outdoor space.
For investors, the property offers a potential rental income of approximately £475 PCM, equating to an impressive 16.3% gross rental yield, making it a standout buy-to-let opportunity.
Ideally situated close to local amenities, schools, transport links, and Horden railway station, the property also enjoys easy access to the Durham Heritage Coast and surrounding towns.
Summary
- Property Type: Terraced House
- Bedrooms: 2
- Receptions: 1
- Tenure: Freehold
- Heating: Gas
- Parking: On Street
- USPs: Has Garden, Chain Free
Lounge
4.81m x 4.32m (15'9" x 14'2")
Kitchen Diner
4.83m x 2.78m (15'10" x 9'1")
Bedroom One
3.83m x 3.76m (12'6" x 12'4")
Bedroom Two
3.35m x 3.23m (10'11" x 10'7")
Family Bathroom
Floor Plan
Timescales
Contracts will exchange immediately. There are 28 days in which to complete the purchase.
Legal Pack
A legal pack is available to download. Special conditions may apply.
We strongly recommend buyers familiarise themselves with the legal pack prior to bidding.
Deposit
In order to secure the purchase a buyer will pay a deposit of 5%, subject to a minimum £4000 which contributes towards the overall purchase price of the property.
The deposit is non-refundable.
Buyer Fees
This property is sold subject to a non-refundable reservation fee of 2.5%+ VAT to a minimum of £3,000 + VAT (£3,600 inc VAT) This does not form part of the purchase price.
More Information
For more information call our auction experts on 0191 206 9335 or email auctions@pattinson.co.uk
ONLINE AUCTION NOTICE
I hereby acknowledge and confirm the following:
My bid may be accepted by the seller at any time before the close of the auction. It is subject to the terms and conditions of the auction which I have read and understood. I have read and understood the legal pack applicable to my bid/lot and agree to be bound by any special conditions within that pack.
If my bid is successful (whether as the highest bid or upon acceptance by the seller in the course of the auction) I shall be bound by the lot terms and conditions as advertised online.
Any amount payable at the close of the auction must be paid within 1 hour.
Please note that the bidding process will work in a different way to an eBay auction, so there is NO advantage to bidding at the last second.
Each auction will automatically stay open until there has not been a bid within the final 10 minutes. If no bid has been submitted within the final 10 minutes of the auction, the auction will close and the highest bidder will be successful subject to the reserve price being met or upon acceptance of an offer by the seller throughout the auction cycle. If there is another bid within 10 minutes of the last bid, the auction countdown timer will be restarted for another 10 minutes to allow further bidding. This system avoids last-minute (or second) bidding and makes for a fairer auction as in a live-room auction situation.
Please bid in good time before the end of the auction, delaying your bid to the last seconds may disadvantage you if your connection slows or you lose internet connectivity.
The auctioneer is not responsible for any tech issues, power outage or error messages which hampers or eliminates an individual's opportunity to bid.
It is the bidder's responsibility to ensure the bid has been lodged with the auctioneer. It is therefore beneficial to bid on your chosen lot at your earliest opportunity.
The auctioneer accepts no responsibility for bids that are not received or are received late and reserves the right to reject any bid without notice.
Minimum online bidding increments:
£50,000 - £250 minimum bid
£50,001 to £150,000 - £500 minimum bid
£150,001 to £250,000 - £1,000 minimum bid
£250,001 to £750,001 - £2,500 minimum bid
£750,001 to £1.5 Million - £5,000 minimum bid
£1.5 Million Plus - £10,000 minimum bid
Please note this bidding process applies specifically to online auctions.
More Information is available:
For more information call our auction experts on 0191 206 9335 or email auctions@pattinson.co.uk
There is no legal pack for this property.
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