2 bedroom Terraced House in Durham

6 High Graham Street, Sacriston, Durham DH7 6LZ
  • Lot No: 119
  • Property Type: Terraced House
  • Contract Type: Unconditional with Variable Fee

Guide Price* £35,000 - £45,000 plus fees

Result Sold at Auction £51,000

Property Description

A recently renovated property and an excellent buy to let opportunity for a seasoned or first time investor. This two bedroomed traditional home has undercome a complete makeover and is looking for a new owner to make it their home, or as an investment with a potential high yield. Situated in a charming village location this terrace property is within walking distance to amenities and garage to the rear. The accommodation comprises: Hall, lounge and kitchen diner. Two bedrooms and first floor bathroom. Ready to move straight into. Investment potential is excellent with very few properties available to rent in the area. There is an opportunity to generate an impressive income in excess of £6,000 per year and achieve a very impressive yield which could be in excess of 15% against the guide price. Note: Completion will be 60 days from the contract date.

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 29th June 2023

Venue National Property Auction
The National Property Auction will be broadcast live on our website and open to remote bidding online, on the phone and by proxy. Registration for bidding will close at 5pm the day before the auction.

Lot Information

Contact Us

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

Map

6 High Graham Street, Sacriston, Durham DH7 6LZ