We are pleased to offer For Sale by Option A - Unconditional Online Auction with a BUY IT NOW PRICE, this two bedroom end terrace.
Sold with tenant in situ. Currently Let on an AST at £450 PCM, therefore returning a yield of 12.85% on the advertised Guide Price. The tenants wish to stay on as ‘sitting’ tenants.
The layout briefly comprises: Lobby with staircase to first floor, good sized lounge and kitchen diner to rear. To first floor are two well-proportioned bedrooms and a family bathroom. Externally is a rear enclosed yard.
Ferryhill is a small town on the Southern outskirts of Durham City, close to the nearby A167, with excellent road networks to Darlington, Spennymoor and the A1 corridor. The town itself has a host of local shops, market square and Broom Cottages Primary School.
Priced to sell! An internal viewing is recommended on this brilliant BTL investment.
EPC rating C.
For more information, please contact Moovd directly.
Lounge - 4.77m x 4.24m (15'7" x 13'10") - UPVC double glazed window to front, open spindle staircase to first floor, radiator, door into kitchen.
Kitchen Diner - 4.75m x 3.16m (15'7" x 10'4") - UPVc double glazed window to rear, door into rear yard, door into store cupboard, fitted with a range of base and wall units with contrasting work surface, stainless steel sink with drainer unit and mixer tap, plumbed for washing machine, cooker point, radiator, vinyl floor.
Landing -
Bedroom 1 - 4.72m x 3.63m (15'5" x 11'10") - Two UPVc double glazed window to front, storage cupboard, radiator.
Bedroom 2 - 3.77m x 2.32m (12'4" x 7'7") - UPVc double glazed window to rear, radiator.
Bathroom - UPVc double glazed frosted window to rear, white suite including paneled bath , pedestal basin and w/c, splash back tiling, vinyl flooring.
Externally - Rear yard with 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 being 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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