2 bedroom terraced house

Guide Price £57,500+

Moovd Online Property Auctions offer For Sale via Option A – Unconditional Online Auction, this well presented two bedroom mid terrace investment cottage.

Located on the outskirts of Easington Lane, on a popular residential street, this spacious two-bedroom property offers an immediate investment to a host of investors. Offered with a tenant moving in at £495 PCM, providing an excellent yield of 10.33% on the advertised Guide Price.

The layout briefly comprises door into lounge with Adam style feature fireplace, on into dining room with stairs to first floor. Off the dining room is a Galley style kitchen, with a rear lobby and door to rear yard, concluding with downstairs white bathroom. Upstairs includes two good sized bedrooms, with bedroom one benefiting from a storage cupboard. Externally there is a rear yard, with gated access. The property benefits from UPVc double glazing throughout.

Easington Lane hosts a variety of amenities including shops, pubs, post office, hairdressers and a range of schools nearby. There are also beautiful doorstep walks into the countryside. Sunderland, Newcastle and Durham are easily accessible by bus and the nearby A19 and A1M.

Viewings strictly by appointment only.

EPC rating E.

For more information, please contact Moovd directly.

Lounge - 3.92m x 4.79m (12'10" x 15'8") - UPVc double glazed window to front, Adam style feature cast iron fireplace with tiled insert, double radiator and opening into dining room.

Dining Room - 4.79m x 4.21m (15'8" x 13'9") - Storage cupboard, double radiator, UPVc double glazed window to rear and open spindle staircase to first floor.

Kitchen - 2.05m x 3.16m (6'8" x 10'4") - Range of base and wall units with contrasting work surface, splash back tiling, plumbed for washing machine, tiled floor, stainless steel sink with taps and drainer unit, insert for oven, UPVc double glazed window to side.

Rear Lobby - Storage cupboard housing 'Main' boiler, UPVc door to rear yard.

Bathroom - White suite including paneled bath with shower hand attachment, pedestal hand basin, low level w/c, single radiator, extractor fan, cladding to ceiling, splash back tiling, vinyl flooring, spot lighting and UPVc double glazed and frosted window to side.

Landing -

Bedroom 1 - 3.39m x 2.63m (11'1" x 8'7") - Eaves storage cupboard, Velux window to rear, double radiator.

Bedroom 2 - 2.69m x 3.01m (8'9" x 9'10") - Double radiator and UPVc double glazed window to front.

Externally - Rear yard with gated access from 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 being 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 or if they make an acceptable Pre-Auction offer, we would ask for your assistance in order for there to 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 being offered for sale. The legal documentation enables 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 may be 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 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 so that there will be no delay in agreeing the sale.