Guide Price £39,500+

Moovd Online Auctions are delighted to offer For Sale, via Option A - Unconditional Online Auction on 16th May 2024, this generous sized, two bedroom mid terrace, LET Investment.

The spacious ground floor living space briefly comprises: entrance porch, hallway with storage cupboard, dining room and front sitting room. To the rear is a fitted kitchen and white cloaks W.C. A small rear lobby allows access to the rear yard and stairs to first floor. To first floor are two double bedrooms and a white family bathroom W.C. The accommodation benefits from UPVc double glazing and gas central heating via a combination boiler.

The property is sold with a sitting tenant paying £320 PCM or £3,480 per annum, which is a yield of 9.72% on the advertised Guide Price. The property would be an excellent, readymade BTL investment.

Coundon Grange is a small village located to the East of Bishop Auckland and has easy access to the A689 and further afield.

Interested? To arrange a viewing, please contact the office. Viewings by appointment only.

EPC rating D.

For more information, please contact Moovd directly.

Porch - Accessed via wooden door with single glazed glass insert and dado rail.

Hallway - Built in storage cupboard, single radiator and dado rail.

Dining Room - 4.04m x 3.53m (13'3" x 11'6") - UPVc double glazed window to rear aspect, coving and double radiator.

Lounge - 3.74m x 3.45m (12'3" x 11'3") - UPVc double glazed window to front aspect, built in storage, coving and double radiator.

Kitchen - 3.84m x 1.38m (12'7" x 4'6") - Fitted with a range of wall and base units contrasting work surfaces, 1 stainless steel sink and drainer unit with mixer tap over, splash back tiling, integrated electric hob and oven, plumbed for washing machine, UPVc double glazed window to rear yard, coving, loft access, single radiator and vinyl flooring.

Cloaks W.C - A white suite comprising: low level W.C, hand basin with splash back tiling, UPVc double glazed frosted with to rear yard, single radiator and vinyl flooring.

Rear Lobby - Stable door to rear yard, single radiator and staircase to first floor.

Landing - Loft access and open spindle banister.

Bedroom 1 - 4.58m x 3.71m (15'0" x 12'2") - UPVc double glazed window to front aspect, built in storage cupboard housing combi boiler, double and single radiators.

Bedroom 2 - 2.83m x 4.08m (9'3" x 13'4") - UPVc double glazed window to rear aspect and single radiator.

Family Bathroom - A white suite comprising: panelled bath with electric shower over, hand basin, low level W.C, cladding to splash back, UPVc double glazed window to rear aspect and single radiator.

Rear Yard - An enclosed rear yard with garden tap and gated access to rear lane.

Moovd may work in partnership with marketing agents on our online auction lots and act as 'The Auctioneer', throughout the sale process.

Option A - Online Unconditional Auction:

The above property is been offered for sale by Online Unconditional Auction (Traditional Auction). With this method of sale, both seller and buyer are required to complete the transaction, within the timeframe stated in the General Conditions and Special Conditions of Sale. It is Moovd's policy that all buyers are without fail AML checked at point of Registration. The buyer is then required to make a NON- REFUNDABLE Administration Fee payment amounting of £3,000.00 Inc VAT (£2,500 + VAT) (This fee IS PAID in addition to the purchase price and will be chargeable and calculated towards stamp duty). A deposit payment amounting to 10% of the purchase price (or a minimum of £5,000) is also required from the successful buyer. The seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the Special Conditions of Sale. Buyers are deemed to bid in full knowledge of this.

Guide Price:

Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time during the timed auction.

Prospective purchasers should also be aware that the eventual sale price may be above or below the guide price and should therefore not presume the guide to be indicative of the final expected sale price or the price the property is available at.

Reserve Price:

The property is offered subject to a Reserve Price (a figure below which we Moovd the Auctioneer cannot sell the property during the timed online auction) the reserve price will be set somewhere within the Guide Range or no more than 10% above a single figure Guide Price.

N.B. The reserve price may be either below or above the quoted guide price.

Anti Money Laundering Regulations

It is Moovd's policy that ALL BUYERS ARE WITHOUT FAIL AML CHECKED at point of offer via signing our Bidder Registration Form.

All buyers will be asked to produce two forms of identification documentation, either as part of the Bidder Registration process of if they make an acceptable Pre-Auction offer, we would ask for your assistance in order that there will be no delay in agreeing the sale. In addition, we may also ask for proof of funding, where required.

Legal Pack:

Each property has a valid Legal Pack, which is a set of documentation prepared by the seller's solicitor relating to the property been offered for sale. 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. We recommend you seek the counsel of a solicitor prior to proceeding with any property purchase.

The Legal Pack is available to download via the property details on our website. Moovd take no responsibility in the accuracy of the documents contained within the legal pack.

Particulars:

Moovd have taken reasonable care to prepare particulars that correctly describe each property. The particulars are based on information supplied by or on behalf of the seller. You need to check that the information in the particulars is correct. If we provide information, or a copy of a document, we do so only on the basis that we are not responsible for the accuracy of that information or document. The particulars and the sale conditions may change prior to the timed online auction and it is your responsibility to check that you have the correct versions. If the special conditions do not contain a description of the property, you take the risk that the description contained in the particulars is incomplete or inaccurate, as the particulars have not been prepared by a conveyancer and are not intended to form part of a legal contract.

Viewings:

Most of our properties are available to be viewed, strictly by appointment only.

Bidding:

Pre-Auction bids maybe placed via our website: .
In order to submit a bid upon any property being marketed by us, all bidders/buyers will be required to adhere to a verification and identity process in accordance with our Anti Money Laundering procedures.
Please be aware that any inquiry, bid or viewing of the subject property will require your details to be shared between both the marketing agent and the auctioneer in order that all matters can be dealt with effectively, we would ask for your co-operation in order that there will be no delay in agreeing the sale.

This property is no longer available

Floorplans

2 bedroom terraced house for sale