£99,000

3 bedroom terraced house for sale

Middlesbrough, TS5 5EF
terraced house terraced house
bedrooms 3 bedrooms
property_incontent_1

Property description

Attention investors! Discover a ready-made rental opportunity with this charming three-bedroom mid-terraced property. Boasting a current tenants and a 7.15% rental yield, this home is a smart addition to any portfolio. Enjoy two bright reception rooms, generously sized bedrooms, and a low-maintenance garden. With its prime location near essential amenities and superb transport links, whether you're looking to expand your portfolio or find a comfortable home with immediate rental potential, this mid-terraced gem ticks all the boxes.



Don't miss out on this secure investment! Join our online auction now and claim your stake. Contact Rutter Green today for details[use Contact Agent Button] or [use Contact Agent Button]



To be sold via online auction on Wednesday 10th September 2025 at 10.30am GMT. The Auction will run for 30 minutes. Register to bid today.



Please note that the Auction will be an online auction via our website with remote bidding. You must preregister to bid. Reservation Fee Applies.



All the information provided on our website is for indicative purposes only and interested parties should rely upon the contents of the legal pack and their own due diligence as a prudent bidder.



Disclaimer



For sale by Unconditional Online Auction.



Terms

Auction Method:

The auction for this property will be conducted online through our online-bidding platform. This is a “Timed Auction”, so there are no other lots being sold alongside this property.

The timeslot for the auction is displayed on Rutter Green's website. To view this, search for the property on their website. Then click onto the property to view the property details. The time remaining to bid and end date of the auction is displayed on the page.

You are required to undertake identity checks before you can be authorised to bid. You must also provide your payment details. If you do not provide this information, your registration will not be processed.

When you place your bid, you are deemed to have agreed to Rutter Green's Buyers Terms (England & Wales) which are available on .



Auction type - Unconditional with Fixed Fee

If you are the highest bidder, you must exchange legally binding contracts for the sale when the Auction for the property comes to an end. You must then pay the applicable fees and deposit. You must complete the sale within 20 business days unless the Special Conditions of Sale contained within the Legal Pack state otherwise.



Auction Fees Explained



When you participate in Rutter Green Property Auctions, please be aware of the following non-refundable fees:



Buyer's Fee: This fee is payable upon the close of the auction and is calculated as a percentage of the final purchase price of the property. Below is a breakdown of the Buyers Fee charges;

For properties sold up to £125,000: The Buyer's Fee is a minimum of £6,000 (including VAT).For properties sold over £125,000 and up to £250,000: The Buyer's Fee is 4.8% (including VAT) of the purchase price.For properties sold for over £250,000: The Buyer's Fee is 3.6% (including VAT) of the purchase price.

Important Note: The Buyers Fee does not contribute to the purchase price of the property.



Deposit: Upon the exchange of contracts, the successful bidder is required to pay a non-refundable deposit equal to 10% of the final purchase price of the property, with a minimum deposit of £5,000. This deposit will contribute towards the total purchase price.



Payment Process:



When you register to bid, you will be asked to provide your payment details to Rutter Green. If you are the winning bidder, an initial payment covering a portion of the Buyer's Fee will be automatically charged to your registered payment method immediately after the auction ends. This initial charge is calculated based on the guide price of the property, using the fee scale outlined above.



Example 1: Let's say you win a property, and the hammer falls over the guide price, and you win the property at £100,000, here's how the payments would work:



Initial payment straight after the auction closes:

Buyer's Fee (based on minimum fee): = £6,000 (including VAT).Deposit: 10% of £100,000 = £10,000

Total payment on the fall of the hammer is £16,000 - please see note below regarding legal pack.



Remainder to pay on completion of contracts: £90,000 plus legal fees



Example 2: Let's say you win a property and the hammer falls on £255,000, here's how the payments would work:



Initial payment straight after the auction closes:

Buyer's Fee (based on 3.6%): = £9,180 (including VAT).Deposit: 10% of £255,000 = £25,500

Total payment on the fall of the hammer is £34,680 - please see note below regarding legal pack.



Remainder to pay on completion of contracts: £229,500 plus legal fees



Legal Pack Special Conditions: In the special conditions there might be additional charges such as paying the Vendors legal fees. Each auction property legal pack differs, please ensure you download the legal pack to check if additional costs are applied to the sale of the property.



Payments of Additional Amounts: Any outstanding balance on the Buyer's Fee and deposit after the auction must be paid immediately via debit card or bank transfer. We do not accept payments by cash or cheque.



Legal Pack

Before bidding, you must view the legal pack for the property. This is the collection of legal documents that apply to the sale. The documents will include but are not limited to: Special Conditions of Sale, title documents from the Land Registry and Energy Performance Certificate.

To view the legal pack, first search for the property on Rutter Green's website and click onto the property to view the property details. There will be a sub-heading “Data Room”. Underneath this, you will be prompted to “Log in to view the legal documents”. Follow this link, you will then be directed to create an account with Auction Passport to view the documents.

The legal pack can change at any time up until the Auction starts so you must check for the most recent version of the legal pack. At the point of placing your bid, you are deemed to have read the legal pack in its entirety, including any changes. Failure to check for changes to the legal pack will not be a valid reason for withdrawing from the sale. It is strongly recommended that you instruct a qualified professional to review the legal pack and raise any necessary enquiries before bidding.



Special Conditions of Sale

The property is sold subject to any Special Conditions of Sale. These are contractual conditions that are included by the seller of the property - they are not part of Rutter Green's terms and conditions. The Special Conditions of Sale are legally binding. You are taken to have read and accepted these at the point of bidding, even if you have not done so. The Special Conditions of Sale are available to read in the legal pack.



Registration Process

To register to bid on the property, search for the lot on Rutter Green's website. Click onto the property, follow the link to “Log in/register to bid”, and you will then be directed to create an account with the online-bidding platform provider, Offr.
Read more
property_header

Property photos

property_incontent_2

Interested in this property?

Check Your Credit Report & Score

Council tax

Ask agent

First listed

Over a month ago

Middlesbrough, TS5 5EF

Marketed by

Rutter Green - Wigan 64 Kenyon Road, Wigan WN1 2DQ
Call agent on 01942 919844
Contact agent

Placebuzz mortgage repayment calculator

Property price£
Deposit£
Interest rate%
Repayment period
Monthly repayment

The Est. Mortgage is for a 25 years repayment mortgage based on a 10% deposit and a 5.5% annual interest. It is only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

View all property for sale in Middlesbrough

Middlesbrough, TS5 5EF - Streetview

DISCLAIMER: Property descriptions and related information displayed on this page are marketing materials provided by Rutter Green - Wigan. Placebuzz does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Rutter Green - Wigan for full details and further information.
property_vrec_1