Lot 43: 8 Gregory Terrace, Ferryhill, County Durham, DL17 8A...

Lot 43: 8 Gregory Terrace, Ferryhill, County Durham, DL17 8AA

Guide Price: £40,000 +

Freehold, two floor, two bedroom terraced house – Investment

Location:

Ferryhill is located south of Durham City centre on the A167. The property is situated off Broom Road. Transport links are provided by the A1 (M) which links Durham to the North and Darlington to the South. Shopping and recreation amenities can be found locally. The open spaces of Ferryhill Carrs and Thrislington Nature Reserves are within close proximity.

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Accommodation:

First floor: Two bedrooms

Ground floor: Reception room, kitchen, bathroom/wc

Outside: Rear yard

Tenancy:

Let on an assured shorthold tenancy for 6 months from 2/3/2018 (holding over) at a rent of £350 per month.

Total rent reserved £4,200 per annum

Note: We are advised that local housing benefit rent is approximately £4,550 per annum. Therefore there is an opportunity to increase the rent. Prospective purchasers must rely on their own enquiries in this regard.

Tenure:

Freehold

EPC Rating – E

Council Tax Band – A

Buyer’s Premium:

Applies under the fall of the hammer. The purchaser shall pay 10% deposit, plus, in addition a buyer’s premium of 2% of the sale price, minimum of £3,000 + VAT upon exchange of contracts.