A residential investment comprising a three bedroom semi detached house which is let at a rent equivalent to £5,700 pa. The property benefits from double glazing and central heating (not tested).
The property is situated in a residential area, near to the local amenities within Newbottle village. Access to the A690 is less than 1 mile to the east and Houghton Le Spring approximately 1.25 mile to the south. Sunderland and Durham city centres are approximately 5 and 7 miles to the north east and south west respectively.
Front and rear gardens.
The property is let at a rent of £475 per month on a periodic monthly tenancy following expiry of an Assured Shorthold Tenancy that expired on 20th May 2019. Please note the Receivers only hold a copy signed by the landlord.
EPC Asset Rating - D
There will be a Buyer's Administration Fee of £1920 (inc VAT) payable upon exchange of contracts.
1. The information contained within the Particulars are given in good faith, but all descriptions, statements, dimensions ( these may have come from a third party source e.g. the seller, valuation reports or historic sales particulars), references to condition and permissions for the use and occupation or other details are made without responsibility and should not be relied upon as representation of fact.
2. If a video walk through, or any other form of virtual tour, is provided whilst every effort is made to accurately give an overview of the property we cannot give any warranty concerning the nature, and condition of the property and the suitability thereof for any and all activities and use. The video, or tour, is provided to assist only and without responsibility and should not be relied upon as representation of fact, or replace all appropriate due diligence a prudent purchaser would make.
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
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