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.
This property provides an ideal opportunity for an investor/speculator or first time buyer wishing to put their own stamp on it. The property requires upgrading throughout although has the benefit of gas central heating system and uPVC double glazing. The accommodation briefly comprises: A Lounge, Inner Hall with stairs to the first floor accommodation, separate Dining Room, Kitchen and ground floor Shower Room. To the first floor there are two double Bedrooms. Outside, at the front of the property is a walled forecourt and a pathway extends along the side elevation to the rear. To the rear sees a yard area with large brick store having power and light plus gated access leads to a rear garden area having an open aspect. The property is offered For Sale with Vacant Possession and No Upward Chain.
Lounge 12' x 12' 1" (3.66m x 3.68m) having a uPVC double glazed window to the front elevation and front entrance door, wall mounted gas fire and central heating radiator.
Inner Hall With stairs leading to the first floor accommodation and a central heating radiator.
Dining Room 12' 1" x 11' 1" (3.68m x 3.38m) having a uPVC double glazed window to the rear elevation, laminate flooring and a central heating radiator.
Kitchen 11' 1" x 6' 8" (3.38m x 2.03m) With a uPVC rear entrance door and fitted with a basic range of wall and base units with complementary work surfaces over, incorporating a stainless steel sink and drainer, central heating radiator and uPVC double glazed window to the side elevation.
Rear Lobby Leading to the bathroom.
Shower Room 7' 5" x 6' 1" (2.26m x 1.85m) Fitted with a three piece suite comprising corner shower enclosure, low flush WC and pedestal wash hand basin, complementary tiling to the walls, central heating radiator and uPVC double glazed window to the side elevation.
Landing Giving access to the two bedrooms.
Bedroom 1 13' 1" x 11' 1" (3.99m x 3.38m) having a uPVC double glazed window to the rear elevation and central heating radiator.
Bedroom 2 12' 1" x 13' 1" (3.68m x 3.99m) having a uPVC double galzed window to the front elevation and central heating radiator.
Rear Garden The property has a walled forecourt and pathway extends along the side elevation giving access to the rear garden having a rear yard area and large store shed with power supply and gated access leads to a rear garden area mainly laid to lawn with an open aspect.
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Guide Price: The “Guide Price” an indication of the seller’s minimum acceptable price at auction. The guide price can be shown in the form of a minimum and maximum price range, or as a single price figure. This is subject to change up to and including the day of the auction and will not necessarily be the final selling price at auction.
Reserve Price: The “Reserve Price” is the seller’s minimum acceptable price at auction and the figure below which the auctioneer cannot sell. This is normally set within the guide price range or within 10% of a single guide price. The reserve price is not disclosed and is subject to change up to and including the day of the auction.
Water consumption is based on average water usage for the predicted occupancy of the property based on the number of bedrooms.
Total annual consumption (in cubic meters) is then averaged into a monthly cost.
Note: If you have 2 separate suppliers for water and sewage, you may receive 2 separate bills.
The Council Tax cost displayed is based on the council tax band and on the basis of 2 adults living at the property. The monthly cost shown excludes any discounts and is rounded to the nearest pound.
Full information on Council Tax discount entitlements can be found on the Gov.UK's website.