Newton Street, Ferryhill

Ferryhill, County Durham,   See map

£40,000 Guide Price
  • Ref: rps_cst-SEA230064
  • Type: First Floor, Flat / Apartment, Ground Floor, House, Terraced House
  • Availability: For Sale
  • Bedrooms: 1
  • Bathrooms: 1
  • Reception Rooms: 1
  • Tenure: Freehold
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Property Summary

Two Apartments for sale! Perfect Investment Opportunity!

Property Features

  • Two Apartments for Sale
  • 1 Bedrooms
  • 1 Bathrooms
  • 16.3% Yield
  • Ground Floor & First Floor
  • EPC: Both C`s
  • Tenure: Freehold
  • Council Tax Band: A, Durham

Full Details

Holbrook & Co Sales & Lettings offer this property through iamsold LIMITED.

Fantastic investment opportunity sold vacant & tenanted possession.

Ground-floor apartment comprises of, large lounge space to the front, king-size master bedroom suite facing the rear enclosed patio space, following to the modern fitted kitchen and fully loaded bathroom. Vacant possession.

The first-floor apartment consists of a generous sized Lounge/ Kitchen/ Dining space with modern fittings, a family bathroom and large bedroom suite to the rear. Tenant in situ, currently paying £260 PCM.

The property has originally been set as one terraced property, since separated into two high-quality apartments.

Both apartments have a potential rental value of £300 PCM (£600 together/ £7200 per annum) holding a yield of 16%
Freehold to be sold with the property.

Council Tax - Band A - Durham Council

EPC rating - C

This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold).
If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The buyer will pay £300.00 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.20% of the purchase price including VAT, subject to a minimum of £6,000.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00. These services are optional.

REFERRAL ARRANGEMENTS The Partner Agent and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted. Where services are accepted the Auctioneer or Partner Agent may receive payment for the recommendation and you will be informed of any referral
arrangement and payment prior to any services being taken by you.

Your home is at risk if you do not keep up repayments on your mortgage or other loans secured on it. MORTGAGE ADVICE It is now a legal requirement under the Estate Agents Act 1991, to establish what mortgage, if any, is required and to confirm the applicants ability to obtain this finance. If you need any help or advice over obtaining a mortgage, our mortgage department will be pleased to help and advise you on all Building Society or Bank mortgages without obligation. This service is available even if you are not buying via ourselves. Written quotations available on request. There is no charge for this service.Please note that all sizes have been measured with an electronic measuring tape and are approximations only. Under the terms of the property miss-descriptions act we are obliged to point out that none of the services described in these particulars have been tested by ourselves. We present these details of the property in good faith and they were accurate at the time at which we inspected the property. These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of presentation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy.No person in this firms employment has the authority to make or give any representation or warranty in respect of the property.