We offer to the market this TWO BEDROOM MID TERRACED HOUSE which is in need of modernisation and improvement which is fully reflected in the price. Offered for sale with the benefit of NO ONWARD CHAIN, the property is conveniently located for Spennymoor Town centre which lies approximately a mile away and the property itself benefits from GAS CENTRAL HEATING via combi boiler. In brief the property comprises of ENTRANCE HALL, LOUNGE, KITCHEN, whilst to the first floor TWO BEDROOMS and BATHROOM. Externally to the REAR there is a YARD.
*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 buyer to exchange contracts immediately; however, from the date the draft contract for sale is received by the Buyer's solicitor, the buyer has 56 DAYS in which to complete the transaction; whilst using every endeavour to exchange contracts within the first 28 days. Allowing the additional time to exchange contracts 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:
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 Hall - Staircase to first floor Lounge - 4.29m x 3.71m (14'1 x 12'2) - Double glazed window to front elevation, double central heating radiator, TV aerial, laminate flooring and under stairs storage cupboard Kitchen - 4.67m x 2.36m (15'4 x 7'9) - A range of wall and base units with contrasting work surfaces, stainless steel sink with mixer tap, double central heating radiator, plumbing for automatic washing machine and two double glazed windows to the rear elevation First Floor - Landing - Loft access, storage cupboard and combi boiler for domestic hot water and gas central heating Bedroom One - 3.38m x 3.66m (11'1 x 12') - Double glazed window to front elevation, storage cupboard, textured ceiling and picture rail Bedroom Two - 2.84m x 2.54m (9'4 x 8'4) - Double glazed window to rear elevation, single central heating radiator and textured ceiling Bathroom - Fitted with a white suite comprising of panelled bath, over bath shower and screen, pedestal wash hand basin, low level wc, chrome effect fittings, window to rear elevation, textured ceiling, extractor fan and single central heating radiator Externally - To the rear of the property there is a yard with gated access, shed and external tap
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 Pack has been produced and provided by IAM Sold any successful purchaser will be required to pay £220.00 (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.