2 bedroom Terraced House in Horden

6 Warren Street, Horden SR8 4NA
  • Lot No: 103
  • Property Type: Terraced House
  • Contract Type: Unconditional with Variable Fee

Guide Price* £15,000+ plus fees

Result Sold at Auction £24,500

Property Description

DRAFT DETAILS. A two bedroomed freehold mid-terraced property ideal for Investment. Whether you are looking to add to your portfolio or starting on your investment journey this property is very suitable. We believe there is opportunity to generate a yield in excess of 30% against the current guide price this would make an excellent buy to let property. The auctioneers have not inspected the property but believe it to comprise -

Accommodation

Ground floor: Reception room, kitchen First floor: Two bedrooms, bathroom/wc Outside: Rear yard


Location

The property is situated on Warren Street which is located between Eighth<br>Street and Coast Road. Public transport links are well provided with Horden<br>Railway Station to the east together with a network of local bus services<br>serving the surrounding vicinity. Shopping amenities can be found locally,<br>with an extensive range of shops located at Castle Dene Shopping Centre.<br>Recreational pursuits include Horden Welfare Park.


Tenure

Freehold

Auction Details: The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Variable Fee (England and Wales). Binding contracts of sale will be exchanged at the point of sale. All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law. Auction Deposit and Fees: The following deposits and non- refundable auctioneer’s fees apply:
  • 5% deposit (subject to a minimum of £5,000)
  • Buyer’s Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.
The Buyer’s Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property. There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding. Additional Information: For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page. This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties). Guide Price & Reserve Price Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.

Auction Details

Date 17th December 2021

Venue National Property Auction
The National Property Auction will be conducted behind closed doors. The auction will be live-streamed online with remote bidding only. Registration for bidding will close at 12pm the day before the auction.

Lot Information

Contact Us

If you have any questions, call our team on 0800 046 5454

Map

6 Warren Street, Horden SR8 4NA