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Guide Price
£75,000 Guide Price

32, Front Street, Wingate, Durham, TS28 5AG

208882375

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4

days

7

hours

32

minutes

7

seconds

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4

days

7

hours

32

minutes

7

seconds

Type

Terraced House

Ownership

Freehold

Occupation

Occupied

Bedrooms

3

Council Tax

Band: A
Tenancy Agreement
Download
Tenancy-Agreement-32-front-st-east-wingate-1.pdf

Available documents

Tenancy Agreement
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Tenanted Investment Opportunity

Details

Property Summary

  • Prime Property Auctions NEW ENTRY. Fantastic 3-bedroom terraced property located in a sought-after location in Durham - ***Guide Price £75,000***

 
  • ***11, Whingrove Close, Wingate, County Durham TS28 5LL Previously sold for £175,500. 89, Chillerton Way, Wingate, County Durham TS28 5DY Previously sold for £148,000. 27, Ingram Way, Wingate, County Durham TS28 5PW Previously sold for £162,000***

 
  • The property currently generates £500 PCM, (£6,000 P/A) in rental income. This would produce an amazing yield of 9% based on our £75,000 Guide price. Will increase to £600 PCM in January 2025.

 
  • The property is walk-in condition, featuring a contemporary design with significant potential for personal customisation and finishing touches. Additionally, it boasts a lovely garden with a newly built Bar /Social space.

 
  • Perfect opportunity for astute buy-to-let investors seeking a rental-generating property. Easily rentable apartment with substantial potential for capital growth.***TURN KEY INVESTMENT OPPORTUNITY***

 

Prime Property Auctions NEW ENTRY. Fantastic 3-bedroom terraced property located in a sought-after location in Durham - ***Guide Price £80,000*** Property comprises: Entrance hallway, living room, kitchen, Dining room 3 large bedrooms and bathroom.

 

The property is walk-in condition, featuring a contemporary design with significant potential for personal customisation and finishing touches. Additionally, it boasts a lovely garden with a newly built Bar /Social space.

 

The property currently generates £500 PCM, (£6,000 P/A) in rental income. This would produce an amazing yield of 9% based on our £75,000 Guide price. Will increase to £600 PCM in January 2025.

 

Local sales evidence:

 

***11, Whingrove Close, Wingate, County Durham TS28 5LL Previously sold for £175,500. 89, Chillerton Way, Wingate, County Durham TS28 5DY Previously sold for £148,000. 27, Ingram Way, Wingate, County Durham TS28 5PW Previously sold for £162,000***

 

Sure to appeal to investors looking for an easy lettable flat in a sought-after location with great potential for Capital Growth. The local areas have seen some great sales recently showing that there is strong demand.

 

The property is located just a short 25-minute drive from Newcastle City Centre and is near a whole host of local amenities including many popular coffee shops, bars and restaurants. 

 

HIGH YIELDING INVESTMENT OPPORTUNITY.

 

This lot is open to immediate offers. Should you wish to offer NOW, you can do so via our “Make an Offer” button on our website.

 

This property is offered at a fantastic price to ensure an Auction sale.

 

The property will feature in our upcoming timed online auction. To participate in the live auction, you must have a bidding account created. For further details on how to have a bidding account created please contact the team.

 

Location:

 

Durham, located in Northeast England, is a historic city known for its stunning Durham Cathedral and Durham Castle, both UNESCO World Heritage Sites. Its picturesque setting along the River Wear, combined with its medieval architecture and cobbled streets, offers a unique and tranquil living environment. The presence of Durham University, one of the UK's top institutions, attracts a vibrant student population and supports a strong rental market, making the city appealing to property investors. Additionally, Durham offers a high quality of life with its blend of urban conveniences and rural tranquillity, affordable housing, and a strong sense of community, making it an attractive place to live and invest.
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Terms of Sale

All buyers must verify terms prior to placing a bid. Some sellers may have variations within their contracts. Should you place a bid you are confirming you are happy to proceed as per the Terms of the contract.

Property Features

  • Prime Property Auctions NEW ENTRY. Fantastic 3-bedroom terraced property located in a sought-after location in Durham - ***Guide Price £75,000***
  • ***11, Whingrove Close, Wingate, County Durham TS28 5LL Previously sold for £175,500. 89, Chillerton Way, Wingate, County Durham TS28 5DY Previously sold for £148,000. 27, Ingram Way, Wingate, County Durham TS28 5PW Previously sold for £162,000***
  • The property currently generates £500 PCM, (£6,000 P/A) in rental income. This would produce an amazing yield of 9% based on our £75,000 Guide price. Will increase to £600 PCM in January 2025.
  • The property is walk-in condition, featuring a contemporary design with significant potential for personal customisation and finishing touches. Additionally, it boasts a lovely garden with a newly built Bar /Social space.
  • Perfect opportunity for astute buy-to-let investors seeking a rental-generating property. Easily rentable apartment with substantial potential for capital growth.***TURN KEY INVESTMENT OPPORTUNITY***

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