2 bed Terraced

Offered for sale by modern auction, this two bedroom terraced property is located in Bowburn, close to the A1 and ideal for easy access into Durham City. Having a long standing tenant in situe, the property is offered on an occupied basis with a potential yield 8.64% net based on £525pcm. (It’s currently working out at 6.91% net on £420pcm) Comprising of, entrance hall, leading to the lounge, which follows through to the kitchen. To the first floor, there are two bedrooms and a bathroom. The property has an enclosed rear yard. 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 £300.00 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 4.50% 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.