5 Bedroom House - Mid Terrace

An investment opportunity to purchase this 5/6 bedroom mid terrace house which we are advised is currently let to the “Mears” Group generating an income of approx £1,244pcm (awaiting sight of tenancy agreement) with the lease ending December 2025 and the Mears Group indicating they would like to review. This is an income of £14,928, with a guide of £99,950 and a potential return of 14.9%.

The property itself has the accommodation spread over three floors and benefits from gas central heating, double glazed windows, a shower room and bathroom/wc with a yard to the rear.

Property briefly comprises entrance lobby, entrance hall, living room, dining room/bedroom, kitchen, utility area and shower room to the ground floor. To the first floor there are three bedrooms. To the second floor there is a bathroom and a further two bedrooms. Externally there is a yard to the rear.

EPC rating: E
Council Band: B
Tenure: Freehold

For Sale By Auction www.agentspropertyauction.com LIVE ONLINE AUCTION 27 February 2025 OPTION 1

Entrance Lobby
Part glazed upvc entrance door.

Entrance Hall
Coving to ceiling, radiator, stairs leading to first floor and built in understairs cupboard.

Living Room
Double glazed window to front elevation, coving to ceiling and radiator.

Dining Room/Bedroom One
Double glazed window to rear elevation, radiator, coving to ceiling and ceiling rose.

Kitchen
Range of wall and floor units with laminate worktop surfaces, built in electric oven and hob with extractor hood, sink unit and drainer, radiator, double glazed windows and tiled splashback.

Utility Area
Plumbing for washing machine, double glazed window, cupboard housing central heating boiler, part glazed upvc door to rear.

First Floor Half Landing

Shower Room
Low level wc, pedestal wash hand basin , shower cubicle, two double glazed windows to rear elevation, heated towel rail.

First Floor Landing

Bedroom One
Double glazed window to rear elevation, coving to ceiling, radiator, built in wardrobe and feature fire surround.

Bedroom Two
Double glazed bay window to front elevation, radiator, coving to ceiling and built in wardrobe.

Bedroom Three
Double glazed window to front elevation, radiator and ceiling to ceiling.

Second Half Landing

Bathroom
Three piece suite comprising low level wc, pedestal wash hand basin, bath with shower over, double glazed window to rear elevation and heated towel rail.

Second Floor

Bedroom Four
Double glazed dormer window to rear elevation, feature fire surround and radiator.

Bedroom Five
Double glazed dormer window to front elevation and radiator.

Externally
Yard to rear.

Disclaimer 1
The Agents Property Auction have not inspected this property. The property details have been supplied by AC. None of the services have been tested. Measurements, where given, are approximate and for descriptive purposes only. Boundaries cannot be guaranteed and must be checked by solicitors prior to exchanging contracts. The details are provided in good faith, are set out as a general guide only and do not constitute any part of a contract. No member of staff has any authority to make or give representation or warranty in relation to this property.
For sale by auction see www.agentspropertyauction.com

Disclaimer 2
Each auction property is offered at a guide price and is also subject to a reserve price. The guide price is the level where the bidding will commence. The reserve price is the sellers minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price, which may be up to 10% higher than the guide price, is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction. The successful buyer pays a £2000+vat (total £2400) Auction Administration Fee. At your request we can refer you to a North East based Solicitor from our panel. It is your decision whether you choose to deal with them, should you decide to use them you should know that we would receive a referral fee of £180 including Vat from them for the recommendation.

Disclaimer 3
A copy of the title is available upon request, we recommend all potential buyers take legal advice, satisfy their requirements on all matters and have finance in place prior to purchase.

Details awaiting vendors approval.

Disclaimer 4
We are advised by the seller that the property has mains provided gas, electricity, water (high risk of surface water flooding) and sewerage.

The energy performance certificate attached advises the property is brick built and provides further details regarding the property’s construction.

Ofcom website states the average broadband download speed of 8Mbps and the fastest package of 1000Mbps at this postcode: SR2 7NQ and mobile coverage is provided by EE (limited indoor voice and no indoor data), Three (limited indoor), 02 and Vodaphone