7 bed Terraced

EXCELLENT INVESTMENET OPPORTUNITY BEING SOLD VIA AUCTION VACANT 7 BEDROOM PROPERTY WITH POTENTIAL FOR A HIGH RENTAL INCOME RESERVATION FEE APPLIES Located in the heart of Bishop Auckland, just a short walk from the hospital and a range of excellent local amenities, this seven-bedroom HMO property offers a fantastic investment opportunity. Being sold via auction, the home presents strong potential for high yield returns, having previously been let at £1,650 per calendar month. Now offered with vacant possession, it allows any prospective landlord the flexibility to source their own tenants. The property is in good order throughout and ready to move straight into, making it an ideal turnkey addition to any rental portfolio. With demand for quality rental accommodation in the area remaining strong, this is a rare opportunity not to be missed with the floorplan briefly comprising Entrance into Reception Hall this gives access to 3 ground floor Bedrooms plus good size Lounge/Dining Room and well fitted Kitchen plus handy ground floor WC whilst to the first floor there are 4 additional Bedrooms plus a Bathroom with 3 piece suite. Externally to the rear of the property there is a good size private fence enclosed easy maintenance garden. Viewing a must to appreciate the potential! Auctioneer comments 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 winning bidder will pay £349.00 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 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 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.