A Mid Terrace Building Arranged as a Ground Floor One Bedroom Flat and a First Floor Four Bedroom Flat. ERV of £11,188.84 per annum if Let at the Local Housing Authority Rate.

Description

The property comprises a mid terrace building arranged as two self contained flats (1 x one bedroom flat and 1 x four bedroom flat).

Tenure

Freehold

Location

The property is situated on a residential road close to local shops and amenities. The open spaces of Leeholme and Coundon Recreation Centre are also within close proximity. Transport links are provided by Bishop Auckland rail station.

Exterior

The property benefits from a shared rear yard

Tenancy

The LHA rates for a one bedroom property in this postcode is £74.79 per week and £140.38 per week for a four bedrrom property. Thus potential income of £11,188.84 per annum (source: https://lha-direct.voa.gov.uk).

Note

The property has not been internally inspected. All information has been supplied by the vendor.

Accomodation Schedule

Property	Floor	Accommodation

7	Ground	Reception Room, Kitchen, Bedroom, Bathroom with WC and wash basin
7A	First	Reception Room, Kitchen, Four Bedrooms, Bathroom with WC and wash basin

Additional Fees

Administration charge: £1,200 including VAT unless otherwise stated in the addendum.

Buyers Premium and Disbursements: Please see the legal pack and the addendum for any disbursements and buyers premium that may be payable by the purchaser on completion.

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Due to government guidelines, we will not be hosting Open House Viewings For further information, please register for the legal pack. For all enquiries, please contact Jordan Phillips on jordan@auctionhouselondon.co.uk

For further information, please register for the legal pack. To speak to a member of our team about this lot, please call us on 020 7625 9007 or email us at info@auctionhouselondon.co.uk

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