We offer to the market this THREE BEDROOM MID TERRACE HOUSE which is need of refurbishment and is an ideal purchase for the property investor or indeed first time buyer. The property is conveniently located in the popular Church Lane area a stones trow from Ferryhill market place and local amenities. The property benefits from UPVC DOUBLE GLAZING and GAS CENTRAL HEATING. The property briefly comprises of ENTRANCE VESTIBULE, HALL, LOUNGE, double doors to DINING ROOM, KITCHEN, UTILITY AREA, LARGE PANTRY AREA, whilst to the first floor THREE well proportioned BEDROOMS and BATHROOM with coloured suite. Externally there is a REAR YARD with gated access. In more detail the accommodation comprises of
*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, but grant 28 days to achieve exchange of contracts from the date the buyer's solicitor is in receipt of the draft contracts and a further 28 days to complete. 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 including VAT 4.2% of the final agreed sale price including VAT. This is subject to a minimum payment of £6,000 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.
Entrance Vestibule - Coving Hallway - Double central heating radiator, BT point, staircase to first floor and coving Lounge - 3.76m x 3.71m (12'4 x 12'2) - UPVc bay window to front elevation, textured ceiling, coving and double french doors leading to dining room Dining Room - 3.76m x 3.73m (12'4 x 12'3) - UPVC window to front elevation, storage to alcove, double central heating radiator, TV point, textured ceiling, coving and ceiling rose Kitchen - 3.25m x 2.16m (10'8 x 7'1) - Wall and base units with contrasting work surfaces, fully tiled walls, under stairs storage cupboard, gas cooker point and uPVC window to side elevation Utility Area/Pantry - Boiler for domestic hot water and gas central heating and uPVC window to side elevation First Floor - Landing - Spinlde style balustrade Bedroom One - 3.73m x 3.05m (12'3 x 10') - UPVC window to front elevation and single central heating radiator Bedroom Two - 3.71m x 3.05m (12'2 x 10') - UPVC window to rear elevation, single central heating radiator and coving Bedroom Three - 2.82m x 1.73m (9'3 x 5'8) - UPVC window to front elevation and single central heating radiator Bathroom - A coloured suite comprising of panelled bath, over bath shower, pedestal wash hand basin, low level w/c, fully tiled walls, storage cupboard, coving and double central heating radiator Externally - To the front of the property there is a front forecourt, whilst to the rear enclosed rear yard with gated access
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.