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.
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£15,000
1 bedroom Flat for sale, Gibbs Court, Chester Le Street, Durham, DH2
Features and Description
Auction Commencing on Wednesday 04th February from 11am by Livestream Auction with Auction House North East
Please register to bid via our website - auctionhouse.co.uk/northeast
Buy-to-Let Opportunity | Tenanted | £6,900 Per Annum Income
Tenanted Investment Opportunity – £575 PCM
Offered for sale by auction is this well-presented one-bedroom ground floor flat, situated within the popular and established residential development of Gibbs Court, DH2 3DG.
The property is currently let and producing an income of £575 per calendar month (£6,900 per annum), making it an ideal buy-to-let investment for landlords seeking immediate rental return.
The accommodation extends to approximately 47 sq. metres (505 sq. ft.) and briefly comprises: entrance hall, spacious living room, fitted kitchen, double bedroom and bathroom. The property benefits from double glazing and a practical layout, suitable for long-term rental demand.
Externally, the building is set within well-maintained communal grounds with a pleasant outlook. The location offers convenient access to local amenities, transport links and surrounding towns, supporting continued tenant demand.
Investment Summary:
Let at £575 PCM
£6,900 per annum gross income
Ground floor one-bedroom flat
Popular residential development
Ideal auction investment opportunity
Tenanted and income producing from completion
This property is recommended for investors seeking a straightforward, income-producing asset to add to their portfolio.
Viewing strictly by appointment.
Full legal pack available on request.
Tenure: Leasehold
EPC Rating: C
Administration Fee: £3600 inc VAT payable on exchange of contracts.
Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
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.
Gibbs Court, Chester Le Street, Durham, DH2
Additional Information
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Property refQCT250652
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EPCC
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TenureLeasehold
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Council TaxA
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Local authorityDurham County Council
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Ground RentContact the branch
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Ground Rent ReviewContact the branch
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Service ChargeContact the branch
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Your Move Estate Agents Chester-le-Street
Your Move Chester-le-Street
53 Front Street, Chester-le-Street, DH3 3BH
Mon - Fri09:00 - 17:00Saturday09:00 - 13:00SundayClosed
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Current
69Potential
77CO2 Rating
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