Derwent Road, Peterlee, County Durham, SR8

Nestled in a well-established residential area of Peterlee, this spacious three-bedroom mid-terraced house on Derwent Road presents an excellent opportunity for buyers seeking a property full of potential. Sold via I Am Sold Auction and benefiting from no onward chain, this home offers a seamless purchasing process, ideal for first-time buyers, investors, or those looking to upsize or downsize. As you enter the property, you are welcomed by a bright and inviting entrance hallway, complete with a staircase leading to the first-floor landing. The ground floor boasts a substantial 21ft living room, offering ample space for a family seating area and dining setup. Large windows flood the room with natural light, creating a warm and comfortable atmosphere that can be customized to suit any interior design style. Adjacent to the living room is the kitchen, which provides plenty of scope for modern upgrades or remodelling. With sufficient room for appliances, storage, and meal preparation, it holds great potential to become a central hub of the home. The rear access from the kitchen leads you directly into the private rear garden. On the first floor, the landing offers access to three well-proportioned bedrooms, each with the flexibility to serve as sleeping quarters, home offices, or hobby spaces. The property features a family bathroom, ideal for relaxing, along with a separate W/C, adding extra convenience for busy households. Externally, the home is complemented by a front garden area that enhances the property's curb appeal. The private rear garden offers ample outdoor space for gardening enthusiasts, family activities, or alfresco dining, making it the perfect spot for both relaxation and entertainment. This property benefits from its prime location, with nearby local amenities, schools, and transport links offering easy access to the wider Peterlee area and beyond. Whether you're looking to invest or settle into a family-friendly neighbourhood, this home has fantastic potential to be transformed into a stylish and modern residence. Viewing is highly recommended to truly appreciate the size and opportunity this property offers. Don't miss your chance to acquire this excellent home via auction with no onward chain, offering an opportunity to move in quickly and make it your own. This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold Limited This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor. This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey). The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.2% of the purchase price including VAT, subject to a minimum of £6,000.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded. This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack. The buyer will also make payment of £300 including VAT towards the preparation cost of the pack, where it has been provided by iamsold. The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change. Referral Arrangements The Partner Agent and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted. Where services are accepted the Auctioneer or Partner Agent may receive payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you.