Thorpe Street, Easington, Durham, SR8 3LU - Holbrook & Co Estate Agents

Investment Opportunity – Tenant in Situ – Approx. 14.6% Yield A well-presented two-bedroom mid-terraced property located on Thorpe Street, offered for sale with a long-standing tenant in situ currently paying £550 PCM. The tenant has an excellent payment history with no arrears or issues, and the property has been well maintained throughout the tenancy, making this an ideal turnkey investment for landlords seeking immediate rental income from day one. The accommodation briefly comprises a lounge, fitted kitchen, two bedrooms, and a family bathroom, along with a rear yard/garden area. Conveniently located close to local amenities, schools, and transport links, the property is well positioned for continued rental demand. Being sold via auction, the property offers an attractive average gross yield of approximately 14.6%, including reserve and auction fees. An excellent opportunity for both new and experienced investors looking to add a ready-made income-producing property to their portfolio. 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 4.5% 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. Any payment that will be received by the Agent or Auctioneer will be confirmed to you in writing before services are taken. Services are optional.

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