Moovd Online Auctions are delighted to offer For Sale, via Option A – Unconditional Online Auction on 16th May 2024, this generous sized, two bedroom mid terrace, LET Investment.
The spacious ground floor living space briefly comprises: entrance porch, hallway with storage cupboard, dining room and front sitting room. To the rear is a fitted kitchen and white cloaks W.C. A small rear lobby allows access to the rear yard and stairs to first floor. To first floor are two double bedrooms and a white family bathroom W.C. The accommodation benefits from UPVc double glazing and gas central heating via a combination boiler.
The property is sold with a sitting tenant paying £320 PCM or £3,480 per annum, which is a yield of 9.72% on the advertised Guide Price. The property would be an excellent, readymade BTL investment.
Coundon Grange is a small village located to the East of Bishop Auckland and has easy access to the A689 and further afield.
Interested? To arrange a viewing, please contact the office. Viewings by appointment only.
EPC rating D.
For more information, please contact Moovd directly.
Porch - Accessed via wooden door with single glazed glass insert and dado rail.
Hallway - Built in storage cupboard, single radiator and dado rail.
Dining Room - 4.04m x 3.53m (13'3" x 11'6") - UPVc double glazed window to rear aspect, coving and double radiator.
Lounge - 3.74m x 3.45m (12'3" x 11'3") - UPVc double glazed window to front aspect, built in storage, coving and double radiator.
Kitchen - 3.84m x 1.38m (12'7" x 4'6") - Fitted with a range of wall and base units contrasting work surfaces, 1 stainless steel sink and drainer unit with mixer tap over, splash back tiling, integrated electric hob and oven, plumbed for washing machine, UPVc double glazed window to rear yard, coving, loft access, single radiator and vinyl flooring.
Cloaks W.C - A white suite comprising: low level W.C, hand basin with splash back tiling, UPVc double glazed frosted with to rear yard, single radiator and vinyl flooring.
Rear Lobby - Stable door to rear yard, single radiator and staircase to first floor.
Landing - Loft access and open spindle banister.
Bedroom 1 - 4.58m x 3.71m (15'0" x 12'2") - UPVc double glazed window to front aspect, built in storage cupboard housing combi boiler, double and single radiators.
Bedroom 2 - 2.83m x 4.08m (9'3" x 13'4") - UPVc double glazed window to rear aspect and single radiator.
Family Bathroom - A white suite comprising: panelled bath with electric shower over, hand basin, low level W.C, cladding to splash back, UPVc double glazed window to rear aspect and single radiator.
Rear Yard - An enclosed rear yard with garden tap and gated access to rear lane.
Moovd may work in partnership with marketing agents on our online auction lots and act as 'The Auctioneer', throughout the sale process.
Option A - Online Unconditional Auction:
The above property is been offered for sale by Online Unconditional Auction (Traditional Auction). With this method of sale, both seller and buyer are required to complete the transaction, within the timeframe stated in the General Conditions and Special Conditions of Sale. It is Moovd’s policy that all buyers are without fail AML checked at point of Registration. The buyer is then required to make a NON- REFUNDABLE Administration Fee payment amounting of £3,000.00 Inc VAT (£2,500 + VAT) (This fee IS PAID in addition to the purchase price and will be chargeable and calculated towards stamp duty). A deposit payment amounting to 10% of the purchase price (or a minimum of £5,000) is also required from the successful buyer. The seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the Special Conditions of Sale. Buyers are deemed to bid in full knowledge of this.
A
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. 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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