4 bed pair of flats to buy in TS29
Station Road East, Trimdon Station, Trimdon Station, Durham, TS29 6BS
Online auction
- Council Tax Band A
- EPC C
- Tenanted Investment Property
- Rare to Market Pair Of Flats
- Generating Monthly Income of £974
4 bed pair of flats to buy in TS29
For sale via online auction.
Pattinsons are pleased to offer to market this tenanted investment opportunity. Located within the small village of Trimdon Station, the properties currently are both rented at £475 PCM upper flat, £499 PCM lower, giving a total monthly income of £974 to any prospective new owner.
The ground floor flat is the larger of the pair and is accessed via rear lane. The gates lead to the communal yard and store area for the bins. You enter the flat into the kitchen, then the family bathroom with overhead shower and bathtub to the rear of the property. Leading off to the front is the large and bright living room with a spacious storage cupboard, under the stairs of the upper flat. Beyond this, to the front of the flat are the two bedrooms, one double and one single, both with double glazed windows and gas central heating radiators.
The upper floor flat is accessed via the front street, You enter the flat into a entrance hallway with staircase up to the first floor flat, enter into the kitchen diner, then the family shower room with shower cubicle to the rear of the property. Leading off to the front is the large and bright living room, Beyond this, to the side of the flat are the two bedrooms, one double and one single, both with double glazed windows and gas central heating radiators.
Trimdon Station is located with a short rural drive to the A19 giving a 40 minute drive to Newcastle, 30 minutes to Darlington train station and 25 minutes to Middlesbrough. If you are looking to settle in a quiet village and love a location close to the east coast, Trimdon Station is a great option.
If you are looking for investments that offer village life but not too far from larger cities, east coast air and easy access to transport links.
Length of Lease: 108
Summary
- Property Type: Pair of Flats
- Bedrooms: 4
- Receptions: 2
- Tenure: Leasehold
- Heating: Gas
- Parking: On Street
Floor Plan
Timescales
Contracts will exchange immediately. There are 28 days in which to complete the purchase.
Legal Pack
A legal pack is available to download. Special conditions may apply.
We strongly recommend buyers familiarise themselves with the legal pack prior to bidding.
Deposit
In order to secure the purchase a buyer will pay a deposit of 5%, subject to a minimum £4000 which contributes towards the overall purchase price of the property.
The deposit is non-refundable.
Buyer Fees
This property is sold subject to a non-refundable reservation fee of 2.5%+ VAT to a minimum of £3,000 + VAT (£3,600 inc VAT) This does not form part of the purchase price.
More Information
For more information call our auction experts on 0191 206 9335 or email auctions@pattinson.co.uk
ONLINE AUCTION NOTICE
I hereby acknowledge and confirm the following:
My bid may be accepted by the seller at any time before the close of the auction. It is subject to the terms and conditions of the auction which I have read and understood. I have read and understood the legal pack applicable to my bid/lot and agree to be bound by any special conditions within that pack.
If my bid is successful (whether as the highest bid or upon acceptance by the seller in the course of the auction) I shall be bound by the lot terms and conditions as advertised online.
Any amount payable at the close of the auction must be paid within 1 hour.
Please note that the bidding process will work in a different way to an eBay auction, so there is NO advantage to bidding at the last second.
Each auction will automatically stay open until there has not been a bid within the final 10 minutes. If no bid has been submitted within the final 10 minutes of the auction, the auction will close and the highest bidder will be successful subject to the reserve price being met or upon acceptance of an offer by the seller throughout the auction cycle. If there is another bid within 10 minutes of the last bid, the auction countdown timer will be restarted for another 10 minutes to allow further bidding. This system avoids last-minute (or second) bidding and makes for a fairer auction as in a live-room auction situation.
Please bid in good time before the end of the auction, delaying your bid to the last seconds may disadvantage you if your connection slows or you lose internet connectivity.
The auctioneer is not responsible for any tech issues, power outage or error messages which hampers or eliminates an individual's opportunity to bid.
It is the bidder's responsibility to ensure the bid has been lodged with the auctioneer. It is therefore beneficial to bid on your chosen lot at your earliest opportunity.
The auctioneer accepts no responsibility for bids that are not received or are received late and reserves the right to reject any bid without notice.
Minimum online bidding increments:
£50,000 - £250 minimum bid
£50,001 to £150,000 - £500 minimum bid
£150,001 to £250,000 - £1,000 minimum bid
£250,001 to £750,001 - £2,500 minimum bid
£750,001 to £1.5 Million - £5,000 minimum bid
£1.5 Million Plus - £10,000 minimum bid
Please note this bidding process applies specifically to online auctions.
More Information is available:
For more information call our auction experts on 0191 206 9335 or email auctions@pattinson.co.uk
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