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FOR SALE BY MODERN METHOD OF AUCTION, STARTING BID PRICE £55,000 plus reservation fee. Potential income of approx £485pcm . An EXTENDED PROPERTY providing SUBSTANTIAL AND VERSATILE accommodation with a balcony accessed from bedroom one. To the ground floor is an entrance hallway, modern kitchen, large extended lounge/diner with door leading to the rear garden, and a CLOAKROOM/WC. First floor accommodation comprises master bedroom with patio doors opening to the rear balcony, and a second reception room/optional fourth bedroom. To the second floor are two further bedrooms and a family bathroom. Externally to the rear aspect is an enclosed garden with lawn and paved area. Offered for sale with the advantage of NO ONWARD CHAIN. 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
uPVC double glazed entrance door, storage cupboard, staircase to the first floor.
9' 1'' x 8' 9'' (2.77m x 2.66m)
Fitted with a range of white modern base and wall units. Work surfaces incorporating stainless steel sink unit. Built in electric oven and gas hob. Space for fridge/freezer. Plumbing for automatic washer. uPVC double glazed window to the front.
18' 6'' x 14' 5'' reducing to 10' 8" (5.63m x 4.39m)
uPVC double glazed window to the rear and door to leading to the rear garden. Connecting door into lobby.
Wash hand basin set in vanity unit. Door into WC.
Low level WC. Window to the rear.
Built in storage cupboard, staircase to the second floor.
14' 5'' x 8' 9'' (4.39m x 2.66m)
Currently a lounge with the option of utilising as a fourth bedroom. Fire surround with electric fire. uPVC double glazed window x 2 to the front.
14' 5'' x 8' 6'' (4.39m x 2.59m)
Double glazed patio door opening onto the rear balcony with wrought iron railings.
Built in storage cupboard.
14' 5'' x 9' 0'' (4.39m x 2.74m)
uPVC double glazed window to the rear x 2.
8' 1'' x 7' 8'' (2.46m x 2.34m)
Window to the rear.
Fitted with a white 3 piece suite comprising bath, low level WC and pedestal wash hand basin. Built in airing cupboard. Window to the rear.
Enclosed rear garden mainly laid to lawn with planting and external water tap.
The energy efficiency rating for this property is D. The full report is available on request.