3 bed terraced house for sale

Medburn Road, Newcastle Upon Tyne NE15

Three-Bedroom Mid-Terrace | Renovation Opportunity | Auction Sale

Offering an exciting opportunity for buyers looking for a project, this three-bedroom mid-terrace home on Medburn Road in Lemington, Newcastle upon Tyne is in need of some renovation and offers plenty of scope to create a home tailored to your own style.

The property provides well-proportioned accommodation across two floors, with three bedrooms offering flexible space for family living, guests or home working.

While the property requires modernisation, this gives the next owner the opportunity to make improvements and add their own stamp. It could appeal to investors, renovators or buyers looking for a project in a popular Newcastle location.

Situated in Lemington, the property is conveniently placed for local shops, schools and everyday amenities, with transport links providing access to Newcastle city centre and surrounding areas.

Property Description

• Being Sold by goto Online Auction
• Starting Bids from £95,000
• Buy It Now option available

This property is being offered for sale by the Modern Method of Auction. The successful buyer will have 56 working days to exchange and complete (the Reservation Period), allowing time to arrange mortgage finance where required.

If you are the successful bidder, you'll enter into a Reservation Agreement and pay a non-refundable Buyer's Premium. This secures the property, removes it from the market and helps provide greater certainty for both buyer and seller.

This property is subject to an undisclosed Reserve Price, which is typically no more than 10% above the Starting Bid.

For more information, please contact the agent or visit goto Online Auctions.

General Information

Auctioneer's Comments
The successful buyer will be required to pay the below non-refundable fees:
• Buyer's Premium: 3.6% of the purchase price plus VAT (subject to a minimum of £6,600 including VAT)
• Legal Pack Fee: £396.00 including VAT
The Buyer's Premium is payable in addition to the purchase price and may be taken into account when calculating Stamp Duty Land Tax (sdlt).

Material information:
If you intend to purchase using mortgage finance, you should satisfy yourself that the property is suitable for the purposes for which you intend to use it and that it meets your lender's requirements to secure lending before bidding.

A Legal Pack is available for this property and should be reviewed carefully before bidding. Neither goto Group nor the estate agent accepts any responsibility or liability for the accuracy or completeness of the Legal Pack and shall not be liable for any loss or damage arising from any inaccuracies, omissions or errors contained within it. Buyers should review the Legal Pack carefully, carry out their own due diligence and obtain independent legal advice where appropriate before proceeding.

Property Ownership Information

Tenure

Freehold

Council Tax Band

A

Property Description Disclaimer

This is a general description of the property only, and is not intended to constitute part of an offer or contract. It has been verified by the seller(s), unless marked as "draft". Purplebricks conducts some valuations online and some of our customers prepare their own property descriptions, so if you decide to proceed with a viewing or an offer, please note this information may have been provided solely by the vendor, and we may not have been able to visit the property to confirm it. If you require clarification on any point then please contact us, especially if you’re traveling some distance to view. All information should be checked by your solicitor prior to exchange of contracts.

Successful buyers will be required to complete anti-money laundering and proof of funds checks. The current non-refundable cost is £80 inc. VAT per offer. You’ll need to pay this to Purplebricks and complete all checks before we can issue a memorandum of sale. The cost includes obtaining relevant data and any manual checks and monitoring which might be required.