1 Bed Apartment For Sale

Holbrook & Co Sales & Lettings offer this property through iamsold LIMITED.

Fantastic investment opportunity sold vacant & tenanted possession.

Ground-floor apartment comprises of, large lounge space to the front, king-size master bedroom suite facing the rear enclosed patio space, following to the modern fitted kitchen and fully loaded bathroom. Vacant possession.

The first-floor apartment consists of a generous sized Lounge/ Kitchen/ Dining space with modern fittings, a family bathroom and large bedroom suite to the rear. Tenant in situ, currently paying £260 PCM.

The property has originally been set as one terraced property, since separated into two high-quality apartments.

Both apartments have a potential rental value of £300 PCM (£600 together/ £7200 per annum) holding a yield of 16%
Freehold to be sold with the property.

Council Tax - Band A - Durham Council

EPC rating - C

This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold).
If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The buyer will pay £300.00 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.20% of the purchase price including VAT, subject to a minimum of £6,000.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00. These services are optional.


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.