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Central Drive, Spennymoor, DL167DN

This auction has ended!
Bid Count:
1
   
Final Bid:
£38,500.00
  • Overview
  • Particulars
  • Agent Details
  • Fees & Charges Explained

Property Overview

THIS PROPERTY IS FOR SALE BY MODERN AUCTION ON THURSDAY 25TH JULY AT RIVERSIDE CRICKET GROUND, CHESTER LE STREET FOR FURTHER INFORMATION OR TO ARRANGE A VIEWING PLEASE CONTACT Phil Heads on 0191 2139 0802 option 2 or e-mail Phil.Heads@iam-sold.co.uk



SPACIOUS TWO BEDROOM SEMI DETACHED HOUSE on a large corner plot with GARDENS to the FRONT and SIDE of the property together with an extensive block paved DRIVEWAY providing excellent OFF-STREET PARKING FACILITIES. The property is located on the corner of Central Drive and Heath Close in a popular residential area within walking distance of local shops, schools for all age groups and regular bus services to Spennymoor Town centre which is approximately one mile away. In good decorative order throughout the property has been modernised and improved to a high standard including a REFITTED KITCHEN, REFITTED BATHROOM and FITTED WARDROBES in both BEDROOMS. In addition the property enjoys the benefit of GAS CENTRAL HEATING and UPVC DOUBLE GLAZING. With all FITTED CARPETS and BLINDS included in the sale the property briefly comprises of ENTRANCE HALL, LOUNGE, LARGE REFITTED KITCHEN/DINING ROOM with integrated appliances, TWO DOUBLE BEDROOMS and first floor BATHROOM/WC REFITTED with a white suite including a SHOWER CUBICLE. In our opinion the property is offered for sale at a competitive price level for a quick sale with the benefit of NO ONWARD CHAIN.

Starting Bid and Reserve Price

*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.

Auctioneer's Comments

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.

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 £300.00 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.

Energy Performance Certificate (EPCs)

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.

Property Particulars

Entrance Hall - Double glazed entrance door to the front elevation, staircase giving access to the first floor, panelled doors leading to the lounge and kitchen Lounge - 4.42m x 3.25m (14'6 x 10'8) - Dual aspect double glazed windows to the front and side elevations, wall mounted feature fire place with fitted gas fire, TV aerial point, central heating radiator and panelled door leafing to the kitchen Kitchen/Dining Room - 4.42m x 3.00m (14'6 x 9'10) - Refitted with a superb range of floor, wall and drawer units in cream with fitted work surfaces having a tiled splashback surround incorporating a stainless steel sink unit with mixer tap, built in double oven and hob with stainless steel chimney style extractor hood above, integrated fridge/freezer, dishwasher and automatic washing machine, built in storage cupboard housing the wall mounted gas boiler which provides hot water and central heating, tiled flooring, central heating radiator, easy clean uPVC cladding to the ceiling with spotlighting and double glazed window to the front elevation First Floor - Landing - Panelled doors leading to two bedrooms and bathroom/wc Bedroom One - 4.42m x 3.25m (14'6 x 10'8) - Dual aspect double glazed windows to the front and side elevations, excellent range of fitted wardrobes with matching drawers and dressing table, built in storage cupboard and central heating radiator Bedroom Two - 3.25m x 2.62m (10'8 x 8'7) - Double glazed window to the front elevation, excellent range of fitted wardrobes, built in storage cupboards, central heating radiator and access to the loft Bathroom/Wc - Refitted white suite comprising of a bath, shower cubicle with wall mounted electric shower, pedestal wash hand basin, low level wc, easy clean uPVC cladding to the walls and ceiling, spotlights to the ceiling, central heating radiator, laminate flooring and double glazed window to the rear elevation Externally - The property stands on a good size corner plot with established gardens to the front and side of the property mainly laid to lawn with established shrubs with block paved footpath, double gates give access to an extensive block paved driveway which provides excellent off street parking facilities with gates access to the front. Timber garden shed and small storage area to the rear.

Robinsons

Local Branch: 11 Cheapside, Spennymoor, DL16 6QE
Head Office: Robinsons, Durham, DH1 3HL

Fees & Charges Explained

Central Drive, Spennymoor, DL167DN

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.

Public Auctions

Any deposit, reservation deposit or reservation fee outlined above, is required to be paid immediately by the successful bidder on fall of the hammer and in cleared funds.

We accept Bank Draft made out to "iamsold", or debit or credit card or any mix of these.

If paying by debit or credit card, please call your bank ahead of the auction to ensure that there will be no difficulty with payment or card limits.

Buyers Information Pack

If the Buyer Information Pack has been produced and provided by iamsold any successful purchaser will be required to pay £300.00 (including VAT) towards the cost of the preparation of the pack. These can then be used by your solicitor to progress the sale.

Buyer Fees

There are no other fees or charges payable to the Auctioneer however, there are other costs to consider such as:

  • You will need a Solicitor to act for you during the conveyancing and your Solicitor will advise you in relation to the associated costs. If you do not have a Solicitor, we can recommend the services of one of our Panel Solicitors who are all selected for their expertise in Auction Transactions. Please call the number below for more information.
  • Stamp Duty Land Tax (SDLT) is applicable if you buy a property or land over a certain price in England, Wales or Northern Ireland. Please click here for more information.

 

Need More Information?

For further information or to speak to one of our team, please call 0191 239 0802.

Disclaimer

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.