Eleventh Street, Horden, Peterlee, Durham, SR8 4QQ
Online auction
Tenanted Investment Opportunity | £475 PCM Rental Income | Approx. 10.4% Annual Rental Yield | Sold with Sitting Tenant | Popular Horden Location
Pattinson Estate Agents are pleased to present this two-bedroom terraced home, ideally located within the popular residential area of Horden, Peterlee. Offered for sale with a sitting tenant in situ, the property currently achieves a rental income of £475 per calendar month, equating to an impressive approx. 10.4% gross annual rental yield, making it a fantastic ready-made investment opportunity.
The accommodation briefly comprises a well-proportioned reception room, providing a comfortable living space. To the rear, the kitchen is practically laid out, offering a functional and sociable environment.
To the first floor, there are two generously sized bedrooms, both offering ample space for furnishings, along with a modern family bathroom fitted with a contemporary suite.
Externally, the property benefits from a private rear yard, providing a low-maintenance outdoor space.
Situated close to local amenities, schools, and transport links, the property remains a consistently attractive rental prospect within a well-established area.
An ideal addition to any portfolio, this property offers immediate income from day one with strong yield potential. Early enquiry is recommended. Contact Pattinson Estate Agents today for further information.


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%, subject to a minimum £4,000 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 2.5%+ VAT to a minimum of £3,000 + VAT (£3,600 inc VAT) This does not form part of the purchase price.
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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