Ideally located 2 Bed Investment Property Currently Achieving £450pcm

Guide Price: £68,000+

For sale by online auction on 08/05/2023 12:00, ending on 08/05/2023 18:40.

UK Property Auctions are pleased to bring to the market this ideal investment opportunity.

Property Particulars

Exterior Front:
An easily maintained front garden leads to a well-maintained exterior which benefits from a Composite front door, Large UPVC Bay window and first floor window. An allocated parking space allows for close parking to the property

Ground Floor
The ground floor accommodation comprises of two reception rooms and kitchen with the addition of a conservatory to maximise ground floor accommodation. The property benefits from gas central heating throughout with a recently serviced boiler.

Entrance Hall - Spacious entrance hall with stairs to the first floor. Understairs storage cupboard. Laminate flooring throughout

Reception Room 1 - Fully carpeted throughout the room benefits from a bay window allowing lots of natural light through. Currently utilised as a Lounge the room has French doors opening into the Second reception room.

Reception Room 2 - French doors open into the dining/office area. with additional UPVC patio doors leading into the conservatory. Room has laminate flooring throughout.

Conservatory- Glass and UPVC Conservatory adds additional living space, Overlooking the rear yard

Kitchen - Kitchen comprises of a range of wall and base units. Double sink with mixer tap. Dual aspect windows overlooking the rear yard and conservatory.

First Floor
First floor landing leads off too 2 bedrooms and family bathroom.

First Bedroom - A Spacious main bedroom, carpeted throughout. A Good-Sized window allows lots of natural light through.

Second Bedroom - A good sized bedroom with upvc window overlooking the rear of the property.

Family Bathroom - Bathroom comprises of a white bathroom suite with W/C, Pedestal Sink, Bath with over bath shower.

Exterior Rear of Property
The rear of the property benefits from a low Maintenance yard laid mainly to block paving.

Tenure
Freehold

Income
Property is Currently tenanted at £450.00pcm with a long-standing tenant who has been residing in the property for the past 10 years. Property would benefit from a rent review to bring the property in line with the national rental guidelines. Other properties in the proximity are achieving in the region of £550PCM.

Location
Property is located in a popular residential area in Thornaby, Stockton on Tees benefitting from excellent transport links with the A19 being within close proximity. Property is close to all local amenities inclusive of schools, Local supermarkets and leisure activities.

Particulars
Council Tax Band A
EPC Rating - D

Terms of Sale
Property is for sale by the modern method of auction. This is an unconditional sale. The Purchaser shall pay a 5% deposit (subject to a minimum of £5,000) upon the fall of the hammer. In addition, a 3% Buyers Premium, Subject to a minimum £6000 and contracts are exchanged. The purchaser is legally bound to buy, and the vendor is legally bound to sell the Property/Lot. The auction conditions require a full legal completion 28 days following the auction (unless otherwise stated).

Pre Auction Offers
Some vendors will accept offers prior to auction, however these must be above the guide price to be considered. If any such offer is accepted the property will still be sold under auction terms and conditions.

General
While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact Uk Property and we will be pleased to check the position for you.
The Agent has not tested the utilities, appliances, or inspected the roof space. The floor plans and dimensions are for guidance only.

Services
Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.

Anti-Money Laundering Regulations:
In line with anti-money Laundering regulations Intending purchasers will be asked to produce identification documentation and maybe proof of funds when submitting an offer to purchase the property.

Particulars
These particulars are issued in good faith but do not constitute representations of fact or form part of any offer or contract. The matters referred to in these particulars should be independently verified by prospective buyers. Neither Uk Property Group or any of its employees or agents has any authority to make or give any representation or warranty in relation to this property.

Floorplans

2 bedroom terraced house for sale