29 Wardle Street, Stanley, County Durham, DH9 7EX
- Unconditional Online Sale
- Bedrooms: 2
- Bathrooms: 1
- Reception Rooms: 1
BTL INVESTORS – SITTING TENANT, £450 PCM, £5,400 PA, 11.02% GROSS YIELD.
Description
BTL INVESTORS – SITTING TENANT, £450 PCM, £5,400 PA, 11.02% GROSS YIELD.
A ready-made two-bedroom BTL investment in Southmoor, Stanley, sold with a sitting tenant currently paying £450 PCM.
The property produces £5,400 per annum, representing a gross yield of approximately 11.02% based on the advertised Buy It Now price.
For investors looking for an income-producing property without the need to source a tenant before generating rent, this provides an immediately understandable investment proposition.
Accommodation comprises a large lounge, fitted kitchen, two double bedrooms, bathroom, front garden and enclosed rear yard.
BUY IT NOW £49,000 + Auction Fees of £4,800 Inc VAT.
Offered via Option A – Unconditional Online Auction Terms.
EPC rating D.
For more information, please contact Moovd directly.
Hallway - Door into hallway and lounge, staircase to first floor.
Lounge - 5.23 x 4.59 (17'1" x 15'0") - UPVc double glazed window to front, radiator.
Kitchen/ Diner - 5.23 x 2.00 (17'1" x 6'6") - Two UPVc double glazed windows to rear, door to rear yard, fitted with a range of base and wall units with contrasting work surfaces, stainless steel sink with drainer unit and mixer tap, integrated electric oven and hob, extractor fan, wall mounted boiler, plumbed for washing machine, splash back tiling.
First Floor Landing -
Bedroom 1 - 5.22 x 3.87 (17'1" x 12'8") - UPVc double glazed window to front, radiator.
Bedroom 2 - 3.01 x 2.86 (9'10" x 9'4") - UPVc double glazed window to rear, radiator.
Bathroom - UPVc double glazed and frosted window to rear, WC, pedestal hand basin, paneled bath with shower attachment, splash back tiling.
External - Front garden with paving and flower beds, rear yard with gated access.
IMPORTANT INFORMATION FOR BUYERS
Moovd Online Property Auctions work in partnership with letting/ estate agents and act as the Auctioneer throughout the sale process. Buyers should establish which auction method applies to the particular lot before making an offer or placing a bid.
OPTION A - UNCONDITIONAL ONLINE AUCTION (Traditional Auction)
Where a lot is offered by Option A - Unconditional Online Auction, the fall of the electronic gavel creates a legally binding contract between the seller and the successful buyer, subject to the applicable auction terms, Legal Pack and Special Conditions of Sale. The successful buyer is legally committed to the purchase and must complete within the period stated in the legal documentation. This is commonly 20 business days, but buyers must rely on the period specified for the individual lot.
The successful buyer will also be required to pay any reservation deposit, buyer's administration fee or other sums stated in the auction terms, property particulars, Legal Pack or Special Conditions of Sale. Buyers should have finance and professional advice in place before bidding. A failure to obtain finance after becoming legally bound will not, of itself, release a buyer from the contract.
For Moovd Unconditional Auction lots, the buyer is required to pay a non-refundable Administration Fee of £3,000 including VAT (£2,500 + VAT) and a Reservation Deposit of 10% of the purchase price, subject to a minimum of £5,000 or whatever is greater, or where those sums are stated as applicable to the lot.
Any additional seller charges or other fees will be identified in the Legal Pack and/or Special Conditions of Sale.
Buyers are deemed to bid in full knowledge of the above. Buyers must take their own advice on the tax treatment of fees, including SDLT.
Council Tax Band
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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Agreement Documents
- Option A - Moovd General Terms & Conditions – Online Unconditional Auction
- Option A - Moovd Amendments to Common Auction Conditions – Online Unconditional Auction
- Option A - Moovd Common Auction Conditions– Online Unconditional Auction
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