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Description

  • Status: Available
  • Type: House
  • Ownership: Freehold
  • Occupation: Tenanted
  • Bedrooms: 2
  • Council Tax: Search

Two Bedroom main door end terraced villa in popular district of Middlesbrough. Investment property with tenant in place at £375 every 4 weeks. Located next to primary school (St Alphonsus).

--- Outright Ownership --- COMPRISES: Entrance hallway, lounge, kitchen, two bedrooms and bathroom. Rented at £4,875 per annum. Tenure - Freehold. Two Bedroom Freehold property in TS3 district.

Auction Terms of Sale --- Cash buyers only please --- Situated within a short distance to a range of local amenities on Longlands Road, North Ormesby Market, Tesco Express and Pallister Park.

For sale by online auction (Thursday 4th of May 2023). Guide Price £45,000. Two bedroom terraced property. External Viewings only. The completion period for this property is 4 weeks (28 days).

Parking available outside the property. Ready made residential investment with tenant in place. Immediate income producing residential investment *** ATTENTION INVESTORS AND FIRST TIME BUYERS ***

--- For sale by online auction --- --- North Ormesby District --- --- Close to Roseberry Park Hospital --- --- Guide Price £45,000 --- Two Bedroom MAIN DOOR End terraced property on cul-de-sac street. External Viewings only. Tenanted. The completion period for this property is 4 weeks (28 days). The deposit for exchange of contracts on this property is 10% subject to a minimum of £3,000. RENTAL AGREEMENT: The rent is £375 per 4 weeks. the tenant has been living there for more than 10 years. Managed by local letting agency. Historic streetview image used for external. Tented investment. Tenant in place paying £375 every 4 weeks. --- Auction Terms of Sale --- --- Cash buyers only please --- Situated within a short distance to a range of local amenities on Longlands Road, including a number of high street retailers, Tesco Express and Pallister Park --- Walking distance to Teeside University campus, Middlesbrough train station, Albert Park and the Riverside stadium (Middlesbrough FC). Popular catchment area for a local school. Cul-de-Sac street with car parking available outside the property. Ready made residential investment with tenant in place. Immediate income producing residential investment. Great TS3 location. Chain-free sale. Council Tax Band A. Popular Street. Two Bedroom Freehold Property. *** ATTENTION INVESTORS AND FIRST TIME BUYERS LOOKING FOR INCOME PRODUCING RESIDENTIAL INVESTMENT PROPERTY ***

Ideal for any growing investor. Purchase of this property includes fixtures, fittings, furniture and white goods, making tenancy management easily transferable should you wish to continue with the current agreement in place. The property has all appropriate documents in terms of Gas Safety Certificate and EICR. Well placed within easy reach of Middlesbrough town centre and Teesside University campus as well as being a short walk from Albert Park. Easy Reach of Middlesbrough Town Centre and Teesside University Campus. Ideal 'Buy-to-Let' Rental Property. Situated on the outskirts of Middlesbrough town centre, the property is close to a wide range of amenities, including supermarkets, local shops, restaurants and pubs. Excellent transport links can be found from the A66, A19, A172 and Middlesbrough rail station.

Full Address: 10 Cadogan Street, Middlesbrough, TS3 6PX

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Tenancy Details

Type of Agreement: Private Residential Tenancy (PRT)
Length: Annual
Rent: £5,200 per year / £433 per month
Yield: 14% (approx)
Tenant: Private Individual
Notes: Tenant pays £375 every 4 weeks. 13 payment per annum. Managed by letting agency. Settled tenant for past 10 years. All payments up to date.

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Pricing Information & Bidding

Opening Bid: £36,000

What is an Opening Bid? This property is entered into an online auction where the bidding will start or open at the above price. Unless specified all properties are subject to a Reserve (minimum acceptable price).

How to Bid... To take part in the online auction you must firstly create a bidding account. Once you have a bidding account you can then login and place bids during the auction. Please click on the following link to view the latest Online Auction Bidders Guide now.

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Offer Now... You may submit an offer now on this property for the owner to consider. If they are will are willing to sell you the property now then it is a matter of making the required deposit payment to secure the purchase. Complete our ONLINE OFFER FORM now to put your offer forward to the sellers.

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Terms of Sale

  • 10% Deposit
  • Standard Completion
  • Buyers Fee = 3% of Sale Price (Minimum £3,250 + vat)

STANDARD TERMS OF SALE are 4 week completion with 1 week extension. Sellers can request a varied completion and buyers must satisfy themselves prior to bidding.

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Please use our PAYMENT CALCULATOR to confirm the necessary reservation deposit for this property if you are successful with an offer now or bid at auction.

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Auction Details

Date & Time: 23 January 2025, 10am-3pm
Type: Timed Online Auction

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