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£40,000

Oaklea Terrace, Bishop Auckland, County Durham, DL14

  • 2 beds
Terraced house

£40,000

  • 2 beds
Terraced house
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Estimate monthly mortgage payment:

£183 per month

Minimum deposit amount:

£2,000
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***EXCELLENT INVESTMENT OPPORTUNITY BEING SOLD WITH A TENANT IN SITU*** ***PROPERTY TO BE SOLD VIA AUCTION*** ***TENANT PAYING �500pcm*** ***RESERVATION FEE APPLIES**** Situated in the heart of Bishop Auckland, this two-bedroom mid-terrace property is being sold via auction and comes with a tenant in situ, making it an ideal investment opportunity. With its central location, the property offers easy access to local amenities, ensuring its ongoing appeal to renters. The convenience of an existing tenancy eliminates the need for immediate tenant sourcing, allowing for a seamless transition for investors looking to add a ready-made income-generating asset to their portfolio. This property represents a hassle-free investment in a sought-after area with strong rental demand along with a floorplan that briefly comprises Entrance into Reception Hall, good size Lounge, separate Dining Room and well fitted Kitchen whilst to the first floor there are 2 generous Bedrooms plus well appointed Bathroom. Externally to the rear there is a wall enclosed yard. Viewing advised. 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 4.50% 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. 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 4.50% 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.

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£183 per month
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Mortgage and legal costs:
£999
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