Modern Method of Auction
Auction date not yet published
2-bedroom house · DH7 7QG
Sold STCReduced £5.5k (−7.9%) on 25 AugListed 88 days
Opportunity summary
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About
Summary Pattinson Auction are delighted to welcome to the market this well-presented two-bedroom property, offered for sale with a long-term sitting tenant currently paying 456 pcm.
The property offers excellent potential for investors, with comparable rental properties in the area achieving approximately 625-650 pcm, presenting scope for future rental growth, subject to the appropriate notice periods and legislation.
Internally, the accommodation briefly comprises an entrance hallway, spacious lounge, modern fitted kitchen with dining space, two well-proportioned bedrooms and a contemporary four-piece family bathroom.
The principal bedroom benefits from a range of fitted wardrobes and direct access to a private en-suite shower room, while the second bedroom also features fitted wardrobe storage.
Externally, the property enjoys a low-maintenance gravelled rear courtyard, ideal for outdoor seating and entertaining, together with a useful side access passage.
Conveniently located close to local shops, schools, transport links and everyday amenities, this property represents an excellent buy-to-let investment, providing an immediate rental income with strong potential to enhance future returns.
Please Note: The property is being sold with a sitting tenant in situ. The current rent is 456 pcm.
Based on comparable properties in the local area, market rent is estimated to be in the region of 625-650 pcm, although this is not guaranteed and prospective purchasers should make their own enquiries.
Council Tax Band: A Tenure: Freehold External The property enjoys a traditional red brick terraced frontage with a low-maintenance forecourt and on-street parking available directly to the front.
Situated within an established residential street in the popular village of Ushaw Moor, the home is conveniently located close to a range of local amenities, schools and transport links, with Durham City just a short drive away.
Living Room A welcoming living room featuring a large front-facing window allowing plenty of natural light, complemented by attractive wood-effect flooring.
The room is centred around a feature fireplace with timber surround, creating an attractive focal point, while the generous proportions provide ample space for a range of lounge furniture.
An open archway leads seamlessly through to the dining room, creating a sociable ground floor layout.
Dining Room A well-proportioned dining room offering ample space for a family dining table and chairs.
The room enjoys an open-plan feel, flowing through to the living room via a feature archway, while French doors provide direct access to the rear yard and allow plenty of natural light.
With wood-effect flooring and stairs leading to the first floor, this versatile space is ideal for both everyday living and entertaining.
Kitchen A well-proportioned galley-style kitchen fitted with a range of matching wall and base units complemented by wood-effect work surfaces and tiled splashbacks.
Incorporating an integrated double oven, gas hob with extractor above, stainless steel sink unit and space for further white goods.
A large roof lantern and rear-facing window provide excellent natural light, while a door offers direct access to the rear yard, making this a practical and functional space for everyday living.
Bathroom Modern family bathroom fitted with a white three-piece suite comprising a panelled bath, pedestal wash hand basin set within a vanity unit and low-level WC.
The room also benefits from a separate shower enclosure, heated chrome towel radiator, attractive contemporary wall and floor tiling, recessed spotlights and dual frosted windows providing excellent natural light while maintaining privacy.
Bedroom One A well-proportioned double bedroom featuring a comprehensive range of fitted wardrobes, overhead storage and a built-in dressing table, providing excellent storage and practicality.
A large front-facing window allows plenty of natural light, while neutral dcor and fitted carpeting create a warm and inviting space.
The bedroom also benefits from direct access to a modern en-suite shower room, adding convenience and enhancing the overall appeal of the principal bedroom.
En-Suite Accessed directly from the principal bedroom, the en-suite is fitted with a three-piece suite comprising a shower enclosure, pedestal wash hand basin and low-level WC.
Complemented by tiled walls, wood-effect flooring and a wall-mounted mirrored cabinet, the room provides a practical and convenient addition to the main bedroom.
Bedroom Two A versatile second bedroom offering a range of potential uses, including a guest bedroom, child's bedroom or home office.
The room benefits from a fitted wardrobe, providing useful built-in storage, along with a window allowing for plenty of natural light, neutral dcor and fitted carpeting, creating a comfortable and adaptable space to suit a variety of needs.
Garden The property benefits from a low-maintenance enclosed rear garden, predominantly laid with decorative gravel to provide an attractive outdoor seating and entertaining space.
There is ample room for garden furniture, making it ideal for relaxing or dining outdoors, while mature screening and fencing offer a good degree of privacy.
A gated side passage provides convenient access to the rear of the property Auctioneers Additional Comments Pattinson Auction are referred to as The Auctioneer.
This auction lot is being sold by either conditional (Modern) or unconditional (Traditional) auction terms and overseen by The Auctioneer.
The method of auction sale and the applicable terms and conditions are found on the lot page of this property on The Auctioneers website.
The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer.
Please be aware that any enquiry, bid or viewing of the subject property will require your details to be shared between any marketing agent and The Auctioneer so that matters can be dealt with effectively.
The property is being sold via a transparent online auction. To submit a bid, all bidders must adhere to a verification of identity process in line with Anti Money Laundering procedures.
Bids can be submitted at any time and from anywhere.
Auctioneers Additional Comments The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price.
The Reserve Price is confidential to the seller and The Auctioneer and will typically be within a range above or below 10% of the Guide Price or Starting Bid. These prices are subject to change.
An auction can be closed at any time, with The Auctioneer permitting the property (the lot) to be sold prior to the end of the auction.
A Legal Pack associated with this property is available to view upon request and contains details relevant to the legal documentation, enabling all interested parties to make an informed decision prior to bidding.
The Legal Pack will also outline the buyers obligations and sellers commitments.
It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
Auctioneers Additional Comments In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price.
The deposit will form part of the purchase price.
A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum fee which could be up to 7,200 inc VAT) is also payable upon agreement of sale.
The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs.
Both the Marketing Agent and The Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received.
There is no requirement or obligation to use any recommended suppliers or services.
Value & comps
No previous sales on record.
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Returns
Set an offer; the calculator follows it.
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Archie refurb estimate: a Pro feature
0.0% below starting price
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
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See projected short-stay revenue vs a vanilla BTL for this property.
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FAQ
About 5, Highfield Terrace, Durham
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