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FOR SALE BY MODERN METHOD OF AUCTION; STARTING BID PRICE £20,000 plus reservation fee. A MODERN GROUND FLOOR APARTMENT still under the NHBC Builders Guarantee. VALUED AT £63,000 for sale with a 15% discount off the market value due to an affordable housing restriction required by the local authority*. This well presented property offers accommodation to include an OPEN PLAN KITCHEN into a SPACIOUS LOUNGE, 2 BEDROOMS and a BATHROOM. Externally there is ALLOCATED PARKING. The apartment is uPVC double glazed, gas centrally heated and accessed via a secure audio entry door. Conveniently located with road links to A66 and A19. Adjoining the Tees Barrage and Portrack Marsh Nature Reserve, Whitewater Glade is a private development. * See NOTES for further information. This property is for sale by The Great North Property Auction powered by iam-sold Ltd.
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 thereafter 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 put down a non-refundable Reservation Fee of 4.2% subject to a minimum of £6,000 inc VAT which secures the transaction and takes the property off the market. The buyer will be required to sign an Acknowledgment of Reservation form to confirm acceptance of terms prior to solicitors being instructed. Copies of the Reservation form and all terms and conditions can be found in the Legal 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 The Great North Property Auction powered by iam-sold Ltd. TO VIEW OR MAKE A BID – Contact GOWLAND WHITE or visit: www.iam-sold.co.uk
Via audio entry door.
Composite entrance door, radiator.
19' 0'' x 17' 5'' (5.79m x 5.30m)
Open plan kitchen area fitted with a range of modern base and wall units. Work surfaces incorporating one and a half bowl inset sink unit with mixer tap. Built in electric oven and gas hob with extractor hood above. Plumbing for automatic washer and dishwasher. Space for fridge/freezer. Wall mounted gas central heating boiler. uPVC double glazed window. Lounge area with 2 x uPVC double glazed window. Radiator.
11' 4'' x 7' 0'' (3.45m x 2.13m)
uPVC double glazed window, radiator.
15' 2'' x 8' 5'' (4.62m x 2.56m)
uPVC double glazed window, radiator.
6' 6'' x 5' 5'' (1.98m x 1.65m)
Fitted with a white suite comprising of bath with shower over and screen, pedestal wash hand basin and low level WC. Radiator. Extractor fan.
The property has an allocated parking space and a locked bike store.
Lease Term is 125 years as of 2011. Service charge is £75.99 per calendar month. Ground rent is £150.00 per annum. Please note this property has a restriction on the title which means it can only be sold for 85% of the market value. We advise that you bring this to the attention of your bank if you require a mortgage as they may have specific requirements for lending in these circumstances.
The Energy Efficiency Rating for this property is C. The full EPC is available on request.