59 Sidings Place, Fencehouses, Houghton le Spring, Tyne and Wear DH4 6BF

A well located flat in good condition, ready to move in to. The property benefits from off street parking and a secure intercom entry system.

Achievable rental income of £650 per calendar month (£7,800 per annum).

The apartment has secure intercom entry, entrance hallway, storage, lounge leading to open plan kitchen/diner, good sized double bedroom and family bathroom. There are communal green spaces outside and a car park.

We are advised by the seller that the service charge for 01/10/2025 - 30/09/2026 is £1,536 per annum and the ground rent is £125 per annum. Interested parties are advised to inspect the legal pack and make any other necessary independent enquiries before placing their bid, as this will be binding.

Sidings Place is located in the village of Fencehouses, a well-connected residential area positioned between Chester-le-Street, Washington and Houghton-le-Spring. The area offers a good range of local shops, schools and everyday amenities, while the nearby town centre of Houghton-le-Spring provides additional supermarkets, leisure facilities and services. For commuters, the property benefits from convenient access to major road networks including the A1(M) and A19, allowing straightforward travel across the North East including to Durham and Sunderland.

Auction Details

The sale of this property will take place on the stated date by way of Live streamed auction and is being sold under the Unconditional sale type.

Binding contracts will be exchanged at the point of sale.

All sales are subject to our Common Auction Conditions and Bidder Terms. Properties located in Scotland and Northern Ireland will be subject to applicable local laws.

Auction Deposit and Fees

The following deposits and non-refundable auctioneers fees apply, and are payable immediately upon exchange of contracts:

• 5% deposit (subject to a minimum of £5,000)

• Buyer’s Fee of 4.8% inc. VAT of the purchase price (subject to a minimum of £6,000 inc. VAT)

There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.

Additional Information

For full details about our auction processes, please refer to the Bidder Terms which can be viewed on our home page.

This explains the types of auction and sale methods we offer, the bidding registration process, your payment obligations, and how to view the Legal Pack (and any applicable home report for residential Scottish properties).

Guide Price & Reserve Price

Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.