This calculator provides a guide to the amount of residential stamp duty you may pay and does not guarantee this will be the actual cost. This calculation is based on the Stamp Duty Land Tax Rates for residential properties purchased from 23rd September 2022 and second homes from 31st October 2024. For more information on Stamp Duty Land Tax, click here.
1/12
£30,000
3 bedroom Semi Detached House for sale, Severn Crescent, Stanley, Durham, DH9
Features and Description
- Semi Detached House
- Three Bedrooms
- Two Reception Rooms
- Council Tax Band - A
- EPC Rating - TBC
*** FOR SALE VIA MODERN METHOD OF AUCTION ***
This three-bedroom semi-detached home presents an exciting opportunity for buyers seeking a project with strong potential. Upon entering the property, you are welcomed into a spacious and inviting hallway that sets the tone for the generous layout throughout. From here, you have access to the main lounge, a well-proportioned space ideal for relaxing or entertaining. The kitchen is also reached via the hallway and leads through to a separate dining room, offering excellent scope to create a modern open or semi-open plan living area, subject to refurbishment.
Upstairs, the property offers two spacious double bedrooms alongside a good-sized single room, making it suitable for families, sharers, or tenants. The first floor further benefits from an upstairs W/C and a separate shower room, adding practicality and convenience.
One of the standout features of this home is the stunning open views, which enhance its appeal and provide a desirable setting once refurbished. While the property does require a full refurbishment throughout, this has been reflected in its potential value and investment appeal. With refurbishment costs factored in, the property could offer an attractive rental yield in the region of 10–12%.
This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold).
If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Any payment that will be received by the Agent or Auctioneer will be confirmed to you in writing before services are taken. Services are optional.
Ideal for investors or first-time buyers looking to create a home tailored to their own style, this property represents a fantastic opportunity not to be missed.
Lounge
4.21 x 3.42
Dining Room
3.22 x 3.31
Kitchen
2.76 x 3.50
Upstairs WC
0.77 x 1.70
Shower Room
1.69 x 1.53
Bedroom 1
3.35 x 3.45
Bedroom 2
3.02 x 3.67
Bedroom 3
2.56 x 2.48
IMPORTANT NOTE TO POTENTIAL PURCHASERS:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are travelling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller.
Severn Crescent, Stanley, Durham, DH9
Additional Information
-
Property refSTA260023
-
TenureFreehold
-
Council TaxA
-
Local authorityDurham City Council
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Reeds Rains Estate Agents Stanley
Reeds Rains Stanley
75 Front Street, Stanley, DH9 0TB
Mon - Fri09:00 - 17:30Saturday09:00 - 16:00SundayClosed
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Borrowing £27,000 and repaying over 25 years with a 2.5% interest rate.
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Lounge
4.21 x 3.42
Dining Room
3.22 x 3.31
Kitchen
2.76 x 3.50
Upstairs WC
0.77 x 1.70
Shower Room
1.69 x 1.53
Bedroom 1
3.35 x 3.45
Bedroom 2
3.02 x 3.67
Bedroom 3
2.56 x 2.48
The pin shows the exact address of the property
Energy Efficiency Rating
Very energy efficient - lower running costs
Not energy efficient - higher running costs
Current
N/APotential
N/ACO2 Rating
Very energy efficient - lower running costs
Not energy efficient - higher running costs