3 bed semi-detached house to buy in SR8

Eden Street, Horden, Peterlee, Durham, SR8 4LH

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Online auction

  • Tenanted investment
  • Rental yield of 9.6%
  • Long term tenant
  • 3 Bed semi detached
  • No chain
  • Achieving £480pcm

3 bed semi-detached house to buy in SR8

Tenanted Sale – £480 PCM | Auction | No Chain | Approx. 9.6% Rental Yield, Tenanted Three-Bedroom Semi-Detached Property – Horden, Peterlee -

An excellent investment opportunity, this three-bedroom semi-detached home is offered via auction with no onward chain. Located in the popular residential area of Horden, Peterlee, the property is currently tenanted and achieving £480 per calendar month, providing an immediate rental income with scope for future growth and improvement. The rental yield is approximately 9.6%, offering strong returns for investors.

The accommodation comprises a spacious reception room ideal for relaxing or entertaining, and a fitted kitchen offering generous storage and workspace and a family bathroom. Upstairs, there are three well-proportioned bedrooms.

Externally, the property benefits from a maintained garden area—perfect for outdoor enjoyment. Situated in a friendly, well-connected neighbourhood, it is close to local schools, shops, and convenient transport links.

This property presents a ready-made investment in a desirable North East location and is ideal for landlords or investors seeking steady rental returns.

Early viewing is highly recommended to fully appreciate the investment potential.


Summary

  • Property Type: Semi-detached house
  • Build Size: 93.00m2
  • Bedrooms: 3
  • Receptions: 1
  • Tenure: Freehold
  • Heating: Gas
  • Parking: Allocated
  • USPs: Has Garden

Floor Plan

Floor Plan
EPC for 3 bed semi-detached house to buy in SR8

This property is being sold subject to unconditional reservation fee auction terms and conditions.

 

Timescales

Contracts will exchange immediately. There are 28 days in which to complete the purchase.

 

Legal Pack

A legal pack is available to download. Special conditions may apply.

We strongly recommend buyers familiarise themselves with the legal pack prior to bidding.

 

Deposit

In order to secure the purchase a buyer will pay a deposit of 5% which contributes towards the overall purchase price of the property.

The deposit is non-refundable. 

 

Buyer Fees

This property is sold subject to a non-refundable reservation fee of 5% + VAT to a minimum of £6,000 + VAT (£7,200 inc VAT)  This does not form part of the purchase price.

A reservation fee is payable by the buyer where a seller has opted to sell with no fees. As a result, a lower reserve price is usually agreed on lots where a reservation fee is applicable.

 

More Information

For more information call our auction experts on 0191 206 9335 or email auctions@pattinson.co.uk

ONLINE AUCTION NOTICE

I hereby acknowledge and confirm the following:  

My bid may be accepted by the seller at any time before the close of the auction.  It is subject to the terms and conditions of the auction which I have read and understood. I have read and understood the legal pack applicable to my bid/lot and agree to be bound by any special conditions within that pack. 

If my bid is successful (whether as the highest bid or upon acceptance by the seller in the course of the auction) I shall be bound by the lot terms and conditions as advertised online.  

Any amount payable at the close of the auction must be paid within 1 hour.   

Please note that the bidding process will work in a different way to an eBay auction, so there is NO advantage to bidding at the last second. 

Each auction will automatically stay open until there has not been a bid within the final 10 minutes. If no bid has been submitted within the final 10 minutes of the auction, the auction will close and the highest bidder will be successful subject to the reserve price being met or upon acceptance of an offer by the seller throughout the auction cycle. If there is another bid within 10 minutes of the last bid, the auction countdown timer will be restarted for another 10 minutes to allow further bidding. This system avoids last-minute (or second) bidding and makes for a fairer auction as in a live-room auction situation. 

Please bid in good time before the end of the auction, delaying your bid to the last seconds may disadvantage you if your connection slows or you lose internet connectivity.

The auctioneer is not responsible for any tech issues, power outage or error messages which hampers or eliminates an individual's opportunity to bid.

It is the bidder's responsibility to ensure the bid has been lodged with the auctioneer. It is therefore beneficial to bid on your chosen lot at your earliest opportunity.

The auctioneer accepts no responsibility for bids that are not received or are received late and reserves the right to reject any bid without notice. 

Minimum online bidding increments: 
£50,000 - £250 minimum bid
£50,001 to £150,000 - £500 minimum bid 
£150,001 to £250,000 - £1,000 minimum bid 
​£250,001 to £750,000 - £2,500 minimum bid 
£750,001 to £1.5 Million - £5,000 minimum bid
£1.5 Million Plus - £10,000 minimum bid

Please note this bidding process applies specifically to online auctions. 

More Information is available:

For more information call our auction experts on 0191 206 9335 or email auctions@pattinson.co.uk

 

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