Park Road, Stanley, DH9

Property Details: - Type: Apartment - Bedrooms: 2 - Bathrooms: 0

Agent: Sylvester Properties - County Durham Phone: 01207 653027

Moovd Online Property Auctions are delighted to offer For Sale via Option A – Unconditional Online Auction Terms with a BUY IT NOW PRICE of £39,950 this two-bedroom first floor flat. The accommodation is a perfect BTL and readymade investment and is currently let at £475 PCM or £5,700 per annum, yielding 14.26% on the advertised BUY IT NOW PRICE.<br/><br/>Investment Opportunity – Two Bedroom First floor flat with Tenant in Situ | Yield: 11.4%<br/><br/>This two bedroom first floor flat located on Park Road, South Moor has undergone a full renovation throughout including each room being decorated to a high standard as well as the installation of a new boiler.<br/><br/> Lounge <br/>The lounge is located toward the rear elevation of the property, complete with plush grey carpet and clean white walls. This reception room comes complete with an intergrated stoarge cupboard.<br/><br/>Kitchen <br/>The kitchen comes complete with oak effect wall and base units topped with black effect work benches. This kitchen is equipped with an integrated oven, touchscreen hob, extractor fan and plumbing suitable for a washing machine. Decorated with grey oak effect laminate flooring, white walls and dark splash back.<br/><br/>Master Bedroom <br/>The master bedroom overlooks the street below and can comfortably house a king sized bed alongside other furnishings. Decorated with newly laid grey carpet throughout as well as neutral walls.<br/><br/>Bedroom Two <br/>The second bedroom can comfortably house a single bed alongside other furnishings and boasts the same décor as seen in the master.<br/><br/>Bathroom <br/>The bathroom contains a WC, wash basin, bath and seperate shower unit. Decorated with dark vinyl flooring , white walls and dark stone effect splashback.<br/><br/>External <br/>Externally, this property boasts a shared rear yard.<br/><br/>Important note to purchasers/tenants <br/>Making an Offer<br/>All offers must be supported with:<br/>A mortgage Agreement in Principle (if applicable)<br/>Proof of deposit and/or available funds<br/>Full details of your buying chain, including estate agents and solicitors<br/>Under Money Laundering Regulations, we must also see proof of ID for all buyers before we can issue an offer acceptance letter or instruct solicitors.<br/>Important Information<br/>We aim to provide accurate property details, but they do not form part of any offer or contract.<br/>Services and appliances have not been tested.<br/>Photos, measurements, and floor plans are for guidance only and may not be exact.<br/>If you need clarification on anything, please contact us—especially if travelling a long distance to view.<br/>For Buyers<br/>Any fixtures and fittings not listed should be confirmed with the seller directly.<br/>For Tenants<br/>Most properties have a minimum tenancy term—please ask the branch for details.<br/>A security deposit of at least one month’s rent is required.<br/>Rent is paid monthly in advance.<br/>Tenants must insure their own belongings.<br/>Tenants are usually responsible for all utility bills and Council Tax.<br/>Referral Fees<br/>In accordance with the Estate Agents’ (Provision of Information) Regulations 1991 and the Consumer Protection from Unfair Trading Regulations 2008, we are required to inform you that we may receive referral fees for services offered to sellers and purchasers. These may include:<br/>Conveyancing: We may receive an average referral fee of £120.00 INV VAT.<br/>Surveying services: We may receive an average referral fee of £120.00 INC VAT.<br/><br/>