Lot 1 - 16, 16A, 16B High Street, Easington Lane, Houghton Le Spring, Tyne And Wear, DH5 0JN

Unconditional Online Auction Sale
Guide Price* : £150,000
Bedrooms: 6
Bathrooms: 3
Reception Rooms: 3

Description

Moovd Online Property Auctions are delighted to offer For Sale via Option A – Unconditional Online Auction on 13th June 2024 this fantastic rental investment.

All properties smartly finished, including two 2 bedroom flats, a two bedroom house, with a total rent of £1500 PCM, yielding 12.0% on the advertised Guide Price. Each property is currently bringing in £500 PCM or £18,000 per annum over the three properties.

The layout briefly comprises 16 High Street, the house with spacious lounge, kitchen, rear porch, two double bedrooms and white family bathroom. 16A, a flat including lounge, kitchen, two well proportioned bedrooms and white family bathroom. 16B, the second flat includes large lounge/ kitchen, two spacious bedroom and white family bathroom. All properties include a communal yard with gated access.

The property lies in the popular village of Easington Lane, close to Houghton le Spring town and the A19, A690, A1 allowing an easy commute further afield to nearby Durham, Sunderland and Newcastle. The village itself boasts plenty of practical day-to-day amenities, including Easington Lane Primary School with an Ofsted rating of ‘Good’, travel agent, butcher, hairdressers and Post Office.

This instant, ready made investment is an attractive purchase for any investor looking for a turn-key property. With an attractive Guide Price, we anticipate high interest. Viewing strictly by appointment only.

EPC rating D, D & E.

For more information, please contact Moovd directly.

16 Lounge - 3.40 x 3.78 (11'1" x 12'4") - Double glazed window to front, radiator.

Kitchen - 3.45 x 3.78 (11'3" x 12'4") - Fitted with a range of base and wall units, contrasting work surface, built in electric oven and hob, extractor hood, plumbed for washing machine, single sink and drainer unit, double glazed window to rear.

Rear Porch - Double glazed door to rear, combi boiler.

Bedroom 1 - 3.48 x 3.27 (11'5" x 10'8") - Double glazed window to front, radiator.

Bedroom 2 - 3.47 x 1.97 (11'4" x 6'5") - Double glazed window to rear, radiator.

Bathroom - White suite including paneled bath, pedestal hand basin, low level WC, radiator, extractor fan.

External - Communal area, mainly paved, gated access.

16A Lounge - 3.79 x 4.23 (12'5" x 13'10") - Double glazed window to front, radiator.

Kitchen - 4.28 x 3.39 (14'0" x 11'1") - Fitted with a range of base and wall units, contrasting work surface, built in electric oven and hob, extractor hood, plumbed for washing machine, single sink and drainer unit, double glazed window to rear.

Bedroom 1 - 4.22 x 3.44 (13'10" x 11'3") - Double glazed window to front, radiator.

Bedroom 2 - 2.98 x 2.69 (9'9" x 8'9") - Double glazed window to rear, radiator, boiler.

Bathroom - White suite including paneled bath, pedestal hand basin, low level WC, radiator, extractor fan.

External - Communal area, mainly paved, gated access.

16B Entrance Hallway - Access to roof space.

Lounge/ Kitchen - 6.88 x 2.80 (22'6" x 9'2") - Lounge: Double glazed window to front, radiator.
Kitchen: Fitted with a range of base and wall units, contrasting work surface, built in electric oven and hob, extractor hood, plumbed for washing machine, single sink and drainer unit, double glazed window to rear.

Bedroom 1 - 4.31 x 2.37 (14'1" x 7'9") - Double glazed window to front, radiator.

Bedroom 2 - 3.92 x 2.29 (12'10" x 7'6") - Double glazed window to front, radiator.

External - Communal area, mainly paved, gated access.

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.

Council Tax Band

* 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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