A spacious two-bedroom first floor flat – currently tenanted and producing £400 per calendar month – offering an attractive ready-made investment opportunity. Situated in a popular residential area close to local shops, schools, and transport links, this well-proportioned flat provides generous living accommodation extending to approximately 64 sq. m (688 sq. ft). The property briefly comprises: entrance hallway, spacious living room, kitchen, dining area, bathroom, and two well-sized bedrooms. Externally, there are shared garden areas to the front and surrounding communal spaces. The flat is currently let to a well-established tenant at £400pcm, representing an immediate income stream for investors. The property offers excellent potential for capital growth and further uplift through refurbishment or redecoration in the future. Accommodation (approximate measurements): -Living Room: 3.6m x 4.4m -Kitchen: 2.5m x 2.9m -Dining Area: 2.6m x 2.0m -Main Bedroom: 3.6m x 3.8m -Bedroom 2: 3.6m x 2.6m -Bathroom: 2.5m x 2.0m EPC Rating: C Council Tax Band: A (Durham County Council) Tenure: Leasehold Investment Notes: -Currently let at £400 per calendar month / £4,800 per annum -Tenanted by a long-standing and reliable occupant -Offers strong rental yield potential with scope for further value enhancement Auctioneer’s Note: An ideal buy-to-let investment offering immediate income and long-term potential. Low-cost entry point in a high-demand rental area, with scope to improve and enhance value over time.Tenure: LeaseholdEPC Rating: C

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Services

Interested parties are invited to make their own enquiries to the relevant authorities as to the availability of the services.

Additional Fees

Administration Charge - £3,600 inc vat payable upon the fall of the virtual gavel

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.