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Lot 220

Modern 3-Bed Stanley Home, High Rental Yield

Guide price £ 65,000

Type of Sale

Auction

Key Features

  • a location that could appeal to a wide range of potential tenants
  • an attractive investment. It's a three-bedroom mid-terrace house situated in Stanley County Durham
  • Chester Le Street
  • Durham
  • freehold - currently vacant
  • Mid Terraced House
  • Potential Income £7800 PA
  • The house has been modernised by the current owner and features a spacious lounge with a feature fireplace and Bay window
  • The property includes a forecourt garden to the front and a small yard to the rear
  • The property offers great potential for a rental income of circa £7800 per annum when fully let. This could provide a steady income stream for an investor
  • The property's location near Stanley town centre and its quick access to Consett
  • Tyneside

Description

Attention buy to let investors.

Don’t miss out on this fantastic opportunity to invest in this three-bed mid-terrace property.

 

14 Rose Avenue, Stanley County Durham, DH9 7RB

Available for sale by Auction. Under auction terms and conditions.

 

This Mid terraced home features:

A spacious lounge with a feature fireplace and Bay window,

a kitchen/dining room,

and a utility room at the rear.

Having been modernised and bought up to standard by the current owner.

 

To the first Floor:

There are three bedrooms,

Additionally, there is a modernised first floor shower room.

Externally, the property includes a forecourt garden to the front and a small yard to the rear.

Located near Stanley town centre, residents have easy access to a wide range of amenities.

The property is conveniently situated just off the A693, providing quick access to Consett and Chester Le Street. Durham, Tyneside, and the Metro Centre are all within easy reach.

Investment potential

This property is just a short distance from Stanley High Street and offers great potential for a rental income of circa £7,800 per annum. When fully let

This property is a great investment opportunity in a convenient and quiet family location with plenty to offer.

Viewing is a must in order to appreciate the standard the property. Contact us today to arrange a viewing!

 

 

BUYER’S PREMIUM

Applies under the fall of the hammer. The purchaser shall pay 10% deposit. Plus, in addition a buyer’s premium of 2% of the sale price, minimum of £5,000 + VAT upon exchange of the contracts.

When registering to bid with us we will require 2 forms of ID (Passport, Driving License) to fit in line with the Anti-Money Laundering Act.

Please note: At the time of writing these particulars. The auctioneers have not internally inspected the property. Thereby, these particulars are provided to our buyers in good faith from information provided by the vendor.

https://www.thisisdurham.com/explore-durham/vale-of-durham/stanley

https://www.youtube.com/watch?v=vh5mhCcv0h4

Get in touch

Edward Swindells Consultant Auctioneer & Valuer

Location

14 Rose Avenue, Stanley, County Durham DH9 7RB ///hires.defend.bridges

Map

Important Notices & Guidance Notes

Important notices

Pre-registration approval to bid, guide prices, reserves, additional charges and other matters.

Pre-registration approval to bid World of Auctions now require all bidders who wish to bid at our Auctions to register. All checks required by current anti-money laundering legislation must be satisfactorily completed as part of this process before prior approval to bid will be given.

Please use the links on our website to pre-register. Following approval to bid, the buyer named in your registration cannot be changed without the consent of the auctioneers.

Guide Prices

A guide price (to include a range of prices), is not an indication of the anticipated eventual selling price or a valuation; it is an indication of the minimum price ( “the Reserve” ) at which (or range of prices within which) the seller might be prepared to sell. The eventual sale price can and frequently does, exceed the guide price.

Where a range is given, the Reserve will sit within that range and will not exceed the top end of the range. Where a single figure Guide Price is given, the Reserve will be within 10%, upwards or downwards, of that figure.

The guide price may be subject to change up to and including the day of the auction. The latest published guide price (or range of prices) is displayed on our website, and you should check the website regularly for updates and on the day of the auction.

All guide prices are quoted “subject to contract”.

Please note the guide price for the Lot does not include: – any Buyers’ Fee charged by the auctioneers; – VAT on the sale price; – SDLT or any other Government taxes.

Additional costs and fees charged by the seller or third parties that might apply to some Lots and/or some buyers.

If a guide price is listed as “TBA”, it means no guide price has been set at present. Please do call our office about this. The guide price, or range of prices, will be published online immediately it becomes available and you should check the auction website regularly for updates and on the day of the auction.

Reserve Prices

The reserve price is the minimum price at which the Lot can be sold.

Whilst every effort is made to ensure that the advertised guide prices are up to date. it is possible that the reserve price set for any Lot may exceed the previously quoted guide price. This is because the seller may fix the final reserve price just before the Lot is offered for sale and you should check the website regularly for updates and on the day of the auction.

World of Auctions, Residential and Commercial Auctions. Our content is meticulously curated by our seasoned professionals, specifically tailored for discerning property buyers. Our platform is best suited for experienced institutional or business buyers, as well as individuals equipped with the necessary knowledge and expertise to make informed purchasing decisions. We deal in properties that come with their own unique set of risks, which our sophisticated buyers understand. If you’re uncertain about meeting these prerequisites, we recommend seeking independent advice or reaching out to us directly.”

Buyers Premium 

A buyer’s premium is an additional charge that successful bidders are required to pay on top of their final bid price at a property auction. This fee is typically a percentage of the final bid and is paid directly to the auction house. It serves as a kind of commission for the auctioneer’s services. The exact percentage can vary depending on the auction house. At world of Auctions our buyers premium on Property (Real Estate sales) is normally £5000 plus vat. It is usually clearly stated in the auction’s terms and conditions. It’s crucial for bidders to factor in the buyer’s premium when determining their maximum bid, as it significantly affects the total cost of the property.

Buyers’ fees, Seller’s fees and additional charges

For each Lot, a documentation charge / Fee is payable on the fall of the hammer to World of Auctions as follows:

Residential Auctions – Lots sold for £10,000 or more: Buyers’ Fee of £1,500 inclusive of VAT.

Lots sold for less than £10,000: Buyers’ Fee of £500 inclusive of VAT.

Commercial Properties – All Lots: Buyers Fee £1,000 excluding VAT

Additional charges and fees might be charged by the seller and/or other third parties. You are strongly advised to read the Special Conditions of Sale for the Lot prior to bidding to check for any additional charges and fees and to check the addendum which might also (but does not always) contain details of such amounts.

VAT may be chargeable in addition to the sale price for the Lot. The auctioneer will announce this and will be contained within the particulars.

Other Matters

Please note that Lots may be sold or withdrawn at any time prior to auction.

Please note that the amount of Bidder Security (payable on application to bid at the auction) and the Buyer’s Fee may be varied from the standard amounts quoted upon or website or by a member of our sales team. So please check.

Please refer to the addendum, the Particulars and/or the conditions of sale.

Mapping data licensed from Ordnance Survey with the permission of the Controller of Her Majesty’s Stationery Office. © Crown Copyright. All rights reserved. Licence number 100022432. Location plans are reproduced from the Ordnance Survey mapping with the permission of Ordnance Survey on behalf of the Controller of Her Majesty’s Stationery Office, © Crown copyright and Database Rights 2018 OS 100060020

The plans and photographs shown in the catalogue are included in order to assist you in locating the Lot in question. They are not to be taken as drawn to scale and any arrows on plans or photographs are merely to assist you in finding the Lot, not for the purpose of indicating legal boundaries or which direction the lot is facing.

The Auctioneers do not warrant or represent that any plans or photographs show the up-to-date position with regard to occupiers either for the Lot or for any other properties shown in such plans or photographs.