Tel: 01642 378 022 | Email: enquiries@gr-estates.co.uk

Lumley Road, Redcar
Guide Price £64,000

  • Photo 1
    Lumley Road
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  • Ready Made Investment with a Loyal Long Term Tenant of 25 Years!
  • Achieving £438 PCM and a Rental Income of £5,256 Per Annum
  • Three Bed Mid Terraced House
  • No Onward Chain!
  • UPVC Double Glazing and Central Heating with Combi Boiler


** FOR SALE BY CONDITIONAL ONLINE AUCTION ** SOLD AS SEEN ** Take a look at this ready made investment with a loyal long term tenant of 25 years, achieving £438 pcm and a rental income of £5,256 per annum. This three bed mid terrace is only a stone throw away from Tesco superstore and a short walk to Redcar town centre and transport links. Internally, to the ground floor this property comprises; entrance hall with stairs leading to the first floor, living room, dining room, kitchen and a very handy out house. To the first floor are two double bedrooms and third bedroom and family bathroom.

Entrance Hallway
23' 0'' x 9' 3'' (7m x 2.83m)
With UPVC entrance door leading into hallway. Doors leading into the living room, dining room and kitchen. Stairs leading to the first floor.

Living Room
11' 7'' x 11' 5'' (3.52m x 3.49m)
With UPVC double glazed bay window overlooking the front elevation. Central heated radiator.

Dining Room
11' 5'' x 9' 10'' (3.49m x 3m)
With UPVC double glazed window overlooking the rear elevation. Central heated radiator.

Kitchen
14' 11'' x 9' 3'' (4.54m x 2.81m)
A range of wall, base and drawer units. Inset stainless steel sink with mixer tap, space and plumbing for washing machine, dryer and fridge/freezer. UPVC double glazed window overlooking the rear elevation. Central heated radiator. Door leading into...

Out House
17' 8'' x 6' 7'' (5.39m x 2m)
A very handy storage room with door leading into the rear court yard. UPVC double glazed window overlooking the rear elevation.

Master bedroom
13' 7'' x 11' 4'' (4.14m x 3.45m)
With UPVC double glazed bay window overlooking the front elevation. Fitted wardrobes. Central heated radiator.

Bedroom 2
11' 6'' x 9' 10'' (3.51m x 2.99m)
UPVC double glazed window overlooking the rear elevation. Central heated radiator.

Bedroom 3
9' 6'' x 7' 3'' (2.89m x 2.22m)
UPVC double glazed window overlooking the rear elevation. Fitted wardrobes and central heated radiator.

Family Bathroom
5' 5'' x 6' 6'' (1.65m x 1.98m)
A three-piece suite comprising of low level w/c, pedestal wash hand basin and bath with overhead thermostatic shower. Central heated radiator and UPVC double glazed window overlooking the rear elevation.

Legal Pack
The legal pack will be available online at least seven days prior to sale ending and the purchaser shall be deemed to have knowledge of same whether inspected or not. Any questions relating to them must be raised prior to the end of the auction.

*Guide Prices and Reserve Prices
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Start Price. The Start Price, also known as a 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 which is available to download on our SDL Auctions website.

Online Auction Registration
Every online bidder on SDL Auctions must first create an account on the online section of the SDL Auctions website - sdlauctions.co.uk/property-auctions/online/

This is a straightforward process. Starting the registration includes filling out your personal details, verifying your email address, and accepting the Online Auction ‘Terms and Conditions’. Once you have done this you will be able to search, ‘watch’ lots and download legal documents.

After starting the registration process you can come back to it to complete at a later date. We suggest completing the registration process at least 3 working days before the lot is due to end, in case you have any problems and need to contact the auctioneers.

In order to bid, you will need to be authorised for money laundering purposes. This includes uploading copies of two forms of identification and passing a anti-money laundering check. This check will leave a soft footprint on your credit report (but it should not affect your credit rating). The registration process also requires card details to be entered, however the card will not be processed unless you are the successful bidder.

Conditional Online Auction Procedure
If you are the successful bidder you will be legally obliged to buy the property for the full purchase price. You will enter into a reservation agreement with the seller and have 40 business days within which to exchange and complete. If you fail to do so, you may lose your reservation fee. During the 40 business day reservation period the sale is secure and the seller is not able to accept other offers. By placing a bid, you are authorising the auctioneer to sign the reservation agreement on your behalf.

The sale of each Lot is subject to a reservation fee of 4.8% Inc VAT (or 4.2% Inc VAT in London), subject to a minimum of £6,000 Inc VAT. The reservation fee does not contribute towards the purchase price.

We will automatically charge you a minimum fee of £6,000, unless stated otherwise above (using the payment details provided at the registration stage) if you are the successful bidder, as payment towards a reservation fee. Where applicable, you will be required to pay any outstanding amounts of the reservation fee immediately after the end of the auction, which can be paid by debit card or bank transfer.

Full terms and conditions are available on the SDL Auctions website - sdlauctions.co.uk/wp-content/uploads/2019/04/SDL-Auctions_buyer-terms.pdf


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Lumley Road
Redcar TS10 2BG
County: Cleveland
Sale Type: For Sale
Ref #: 00000011

T: 01642 378022

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