GUIDE PRICE £49,000+

41 Derwent Street

Easington Lane, Houghton Le Spring, Tyne And Wear, DH5 0HG

Lot 29

Terraced - Houses
A well presented, 2 bedroom terrace house let on an AST producing at £5580 pa

Description/Location

A freehold house let on an Assured Shorthold Tenancy for £465 per month. In our opinion the property is currently under let. Estimated rent £500-£550 per month. A Section 21 Notice has been issued on 15th January 2024 for the tenant to vacate (please refer to the legal pack).

Tenure

Freehold

Viewing

Network Auctions - 020 7871 0420

Accommodation

Ground Floor Living room, kitchen/diner, utility room. First Floor 2 bedrooms, bathroom.

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Legal documents

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*Guide Price & Reserves

Generally speaking Guide Prices 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 prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

The “Important Notes For Auction Buyers” at the front of the catalogue includes a definition of “Guide Price & Reserve Price”. All properties are subject to a purchaser’s administration fee of £1,500 + VAT unless otherwise stated in the addendum (£420 inc VAT for lots with guide prices up to £3,000). If the purchaser is liable for any further costs these will be stated within the Special Conditions of the legal pack, that have been produced by the seller’s lawyer, a copy of which can be downloaded from our website.