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25 Edwards Street, Stockton on Tees, TS18 3HU

Lot no: 77 Withdrawn Post
 

Guide Price £65,000+ plus fees

Unconditional with Fixed FeeOn the fall of the hammer, the successful bidder will be legally bound to purchase the property. The successful bidder must immediately exchange contracts and pay a 10% deposit (subject to a minimum of £5,000), along with a non-refundable Buyer’s Fee. The Buyer’s Fee is £1500, and completion must take place within 30 days, unless the Special Conditions of Sale state otherwise.

Thursday 25th February 2021

10.30am
Key Features
  • Spacious terraced property in good order throughout
  • Gas central heating, fire doors to all bedrooms, wired in smoke alarms, heat sensor in the kitchen, parking to the rear
  • Currently let at £710 pcm / £8,580 per annum
  • Superb investment opportunity
  • EPC Rating: C
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Withdrawn Post

Terraced House

Property Description:

A spacious four bedroomed mid-terraced property which is in good order throughout and benefits from on street and own parking to the rear.

The property benefits from double glazed windows, gas central heating with Worcester combi boiler, fire doors to all bedrooms and kitchen, mains wired with battery backup interlinked smoke alarms in all bedrooms, hallway, landing and dining room and heat and carbon monoxide alarms in the kitchen. There are new carpets and floor tiles to kitchen and bathroom and new blinds fitted. The gas and electric have been tested and the certificates will be included in the legal pack.

Currently let on an assured shorthold tenancy agreement at £710 per calendar month / £8,580 per annum for a term of 3 years. A return of 13% at the current guide price.

Well placed for a range of local amenities including shops/stores, school and parks and giving easy access to the town centre.

The auctioneers have not inspected the property but believe it to comprise -

GROUND FLOOR:

Reception Hallway
Bedroom One
Lounge/Dining
Kitchen
Bathroom

FIRST FLOOR:

Landing
Bedroom Two
Bedroom Three
Bedroom Four
Cloakroom

OUTSIDE:

Garden to the rear with the benefit of off road parking.

NOTE:

The photographs have been supplied by the seller and were taken before the tenant took occupancy. They are an indication of the accommodation on offer.

Tenure:

Freehold.


Auction Details:
The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Fixed Fee.

Binding contracts of sale will be exchanged at the point of sale.

All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.

Auction Deposit and Fees:

The following deposits and non- refundable auctioneer’s fee apply:

• 10% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of £1,500 inc. VAT

The Buyer’s Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.

There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.

Additional Information:
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page.

This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).

Guide Price & Reserve
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.