**TO BE AUCTIONED ON THE 4TH OCTOBER – VENUE, DURHAM EMIRATES, RIVERSIDE CRICKET GROUND, CHESTER LE STREET – REGISTRATION 6:30PM – PLEASE CALL TO ARRANGE AN APPOINTMENT TO VIEW ** This two bedroom end terraced house would be ideal for a young couple or first time buyer, or alternatively would make an ideal investment property for a buy to let a landlord. The property does require modernisation and improvement to bring it up to a modern day standard, however, has the benefit of solid fuel central heating and upvc double glazing. A particular feature of the property is the enclosed rear garden which has potential to provide off street parking facilities. The property is offered for sale with the benefit of no onward chain. The accommodation briefly comprises of Lounge, Kitchen, Rear Entrance Hall, Ground Floor Bathroom/WC with a white suite and two double bedrooms on the first floor.
*Please note this property is subject to an undisclosed reserve price which is generally no more than 10% in excess of the starting bid, both the starting bid and reserve price can be subject to change. Terms and conditions apply to the Modern Method of Auction, which is powered by IAM Sold.
This property is for sale by the Modern Method of Auction which is not to be confused with traditional auction. The Modern Method of Auction is a flexible buyer friendly method of purchase. We do not require the purchaser to exchange contracts immediately, however from the date the Draft Contract is received by the buyers solicitor, the buyer is given 56 days in which to complete the transaction, with the aim being to exchange contracts within the first 28 days. Allowing the additional time to exchange on the property means interested parties can proceed with traditional residential finance. Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to make payment of a non-refundable Reservation Fee of 4.2% to a minimum of £6,000.00 including VAT 4.2% of the final agreed sale price including VAT. This is subject to a minimum payment of £6,000.00 including VAT. which secures the transaction and takes the property off the market. Fees paid to the Auctioneer may be considered as part of the chargeable consideration for the property and be included in the calculation for stamp duty liability. Further clarification on this must be sought from your legal representative. The buyer will be required to sign an Acknowledgement of Reservation form to confirm acceptance of terms prior to solicitors being instructed. Copies of the Reservation from and all terms and conditions can be found in the Buyer Information Pack which can be downloaded for free from the auction section of our website or requested from our Auction Department. Please note this property is subject to an undisclosed reserve price which is generally no more than 10% in excess of the Starting Bid, both the Starting Bid and reserve price can be subject to change. Terms and conditions apply to the Modern Method of Auction, which is operated by Great North Property Auction powered by IAM Sold. Reservation Fee is in addition to the final negotiated selling price.
Energy Performance Certificates (EPCs) give information on how to make your home more energy efficient and reduce your energy costs. All homes bought, sold or rented require an EPC. EPCs carry ratings that compare the current energy efficiency and estimated costs of energy use with potential figures that your home could achieve. Potential figures are calculated by estimating what the energy efficiency and energy costs could be if energy saving measures were put in place. The rating measures the energy efficiency of your home using a grade from ‘A’ to ‘G’. An ‘A’ rating is the most efficient, while ‘G’ is the least efficient. The average efficiency grade to date is ‘D’. All homes are measured using the same calculations, so you can compare the energy efficiency of different properties.
Ground Floor: - Lounge - 3.25mx4.06m (10'8x13'4) - Double glazed window to the front elevation, wall mounted wood fire surround having a tiled back and hearth incorporating a solid fuel stove with back boiler providing hot water and central heating. Staircase giving access to the first floor. TV aerial point, central heating radiator, ceiling coving, door leading to the Kitchen. Kitchen - 3.00mx2.54m (9'10x8'4) - Double glazed window to the rear elevation, fitted floor and wall units with wood effect fitted work surfaces having tiled splash back surround incorporating a single drainer stainless steel sink unit, electric cooker point, space and plumbing for an automatic washing machine, central heating radiator, tiled flooring, access through to the rear entrance hall. Rear Entrance Hall - Giving access to the rear garden, central heating radiator, tiled flooring and door leading to the Bathroom. Bathroom/Wc - White suite comprising of a bath, wash hand basin and low level wc. Part ceramic tiling to the walls, central heating radiator, tiled flooring, large walk in storage area, double glazed window to the rear elevation. Stairs To First Floor Landing - Landing - Giving access to the loft, doors leading to two bedrooms Bedroom One - 4.42mx3.35m (14'6x11'0) - Double glazed window to the front elevation, TV aerial point, central heating radiator, built in storage cupboard. Bedroom Two - 4.83mx3.20m (15'10x10'6) - Double glazed window to the rear elevation, central heating radiator. Outside - Garden to the rear enclosed by a brick wall with an outside water tap and potential to create an off street parking area.
This property is sold subject to payment of a non-refundable reservation fee of 4.2% to a minimum of £6,000.00 including VAT.
Any successful purchaser will pay this to secure the sale. The reservation fee is in addition to the purchase price. Please take this into account when bidding.
A reservation fee is payable by the buyer only when the seller pays no fees to sell. As sellers pay no fees to sell, this is usually taken into account with a lower reserve price.
This property is being sold under the Modern Method of Auction, which requires the completion of the purchase to be within 56 days, although all reasonable endeavours must be made to exchange contracts within 28 days following the Draft Contract being received by the Buyer's Solicitor.
A non-refundable Reservation fee must be paid by the buyer within 2 hours following the conclusion of the auction or acceptance of an offer. This must be paid by cleared funds to the auctioneer who will issue an acknowledgement of reservation and purchase agreement In the 28 day period following the auction or the date of acceptance of the offer.
If the Buyer Information Pack has been produced and provided by IAM Sold any successful purchaser will be required to pay £200.00 (including VAT) towards the cost of the preparation of the pack. These can then be used by your solicitor to progress the sale.
There are no other fees or charges payable to the Auctioneer however, there are other costs to consider such as:
For further information or to speak to one of our team, please call 0191 239 0802.
These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person in this firms employment has the authority to make or give any representation or warranty in respect of the property.