Initial price	£75,000
15/06/24	£75,000
16/06/24	£65,000
Price Change	-13.33%

This three-bedroom mid-terrace property is being sold as a let investment with long-term tenants in situ, paying £575 per calendar month. The property has a guide price of £65,000 and offers a 10.61% yield. The property is located in Shiney Row, on the outskirts of Houghton Le Spring, with easy access to nearby towns and cities. The interior features a large ground floor living space, with a lounge, kitchen diner, and family bathroom. The first floor has three well-proportioned bedrooms. Externally, there is a rear enclosed yard and a large front garden, mainly laid to lawn. The property has an EPC rating of D and is being sold via an online unconditional auction. The buyer will need to pay a non-refundable administration fee of £3,000 plus VAT and a deposit payment of 10% of the purchase price. The property is being sold with a reserve price, which will be set within the guide range or no more than 10% above a single figure guide price.