2 bedroom Terraced House in Peterlee

12 Newark Close, Peterlee SR8 2AS
  • Lot No: 113
  • Property Type: Terraced House
  • Contract Type: Unconditional with Fixed Fee

Guide Price* £25,000+ plus fees

Result Sold After Auction

Property Description

A two bedroom, mid-terrace property in Peterlee, currently let producing £5,400 per annum. A two bedroom property situated just a mile outside of Peterlee town centre in a quiet, residential area. The property is well positioned with all necessary amenities within easy reach. A full range of shops, schools and transport links can be found nearby and the local pharmacy and post office are both within close proximity. There are a number of sports and leisure facilities in the area and a selection of outdoor spaces. The property is let at £5,400 per annum to good, long term tenants who have maintained the property well. We do believe that a higher income could be achieved, based on comparable evidence. Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.

Construction Material:

Cavity wall, filled cavity


Heating Supply:

Gas central heating


Electricity Supply:

TBC


Water Supply:

TBC


Sewerage Arrangements:

TBC


Broadband:

Standard - 27 mbps and Ultrafast - 1000 mbps available.


Mobile Phone Coverage:

O2, EE, Three, Vodafone available.


Draft Sales Details

These sales details are awaiting vendor approval.


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 Fixed Fee. 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 fee apply: • 10% deposit (subject to a minimum of £5,000) • Buyer’s Fee of £1,500 inc. VAT 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 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 25th July 2024

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

12 Newark Close, Peterlee SR8 2AS