This mid terraced house is offered for sale with a tenant in situ currently paying £500 PCM, which would generate a gross return on investment of 9.2%. The property is well presented and maintained currently by J W Wood lettings so we can confirm that rent has been fully paid on time and the property is well looked after.

The house was refurbished in 2021 and had a new kitchen fitted at that time, along with a full redecorate throughout.

the accommodation comprises of an entrance hallway, open plan living room and dining room with the kitchen located at the rear. The property features a cellar, which is not common in similar houses, thatb would provide space for storage. On the first floor there are two bedroom and the house bathroom that comprises of a bath, separate shower cubicle, toilet and sink.

Externally there is a small yard to the rear.

Gibbon street is located just a short distance from the town centre and as such has all of the town's amenities, shops and facilities on its door step.

MATERIAL INFORMATION:

In compliance with the Consumer Protection from Unfair Trading Regulations 2008 and National Trading Standards Estate and Letting Agency Team’s Material information in property listings Guidance

PART A

Local Authority – Durham County Council

Council Tax Band – A

Tenure – Freehold

PART B

Property Type – Mid Terrace

Property Construction – Standard

Number & Types of Rooms – Please refer to the details and floorplan, all measurements taken being the maximum dimensions available between internal walls

Electricity supply – Mains

Water Supply - Mains

Sewerage – Mains

Heating - Mains fired gas boilr with radiators

Estimated Mobile phone coverage – Please refer to the Ofcom Website - https://checker.ofcom.org.uk/en-gb/mobile-coverage

Estimated Broadband Download speeds – please refer to the Ofcom Website – https://checker.ofcom.org.uk/en-gb/broadband-coverage

Parking: on street

PART C

Building Safety – The Vendor is not aware of any Building Safety issues. However, we would recommend that the purchaser engages the services of a chartered surveyor to confirm

Restrictions - Covenants apply

Rights & Easements- None

Flood risk – Very Low

Coastal Erosion - NA

Protected Trees – No

Conservation area – No

Planning Permission – No

Accessibility – The property has not been altered for accessibility

Mining Area – Records available do not show any historical mining in the vacinity of the property

Selective License Area – Yes

No other Material Information disclosures have been made by the vendor. This information has been compiled in good faith using resources readily available online and by enquiry of the vendor prior to marketing. However, such information could change after compilation of the data, so J W Wood cannot be held liable for any changes post compilation or any accidental errors or omissions.

Furthermore, J W Wood are not legally qualified and conveyancing documents are often complicated, necessitating judgement on our part about which parts are “Material Information” to be disclosed. If any information provided, or other matter relating to the property, is of particular importance to you, please do seek verification from a legal advisor before committing to expenditure.

HMRC supervises the legal obligation for all estate agents to conduct identity checks on their customers, this includes buyers when their offer is accepted. This must be completed, per purchaser, who in the transaction will result in being the legal owner(s) of the property. There is a £30 (inc VAT) administration fee per individual purchaser, for these checks