Summary
**Fantastic investment opportunity** This two bedroom end-terrace property offering scope for further improvement and benefiting from no upward chain briefly comprises of porch entrance, reception hall, lounge, open plan kitchen/dining area, first floor bathroom and enclosed rear garden.
Description
For sale by Modern Method of Auction: Starting bid price £70,000 plus reservation fee.
**Fantastic investment opportunity** This two bedroom end-terrace property offering scope for further improvement and benefiting from no upward chain briefly comprises of porch entrance, reception hall, lounge, open plan kitchen/dining area, first floor bathroom and enclosed rear garden.
The property is for sale by The Great North Property Auction powered by iam Sold ltd.
Access Via
Porch entrance having laminate flooring and further door to:
Reception Hall
Having stairs rising to first floor, storage area, radiator, laminate flooring and door to:
Lounge 11' 9" x 11' 4" ( 3.58m x 3.45m )
Leading to kitchen/diner having a double glazed bow window to the front and radiator.
Fitted Kitchen/dining Area 17' 8" x 11' 3" ( 5.38m x 3.43m )
Dining area:
Having double glazed sliding doors to rear garden, radiator and laminate flooring.
Kitchen area:
Having a range of fitted wall and base units with work tops over, integrated double oven and hob with extractor over, integrated fridge/freezer, one and a half bowl stainless steel sink and drainer, plumbing for washing machine, double glazed window to the rear and tiled floor.
First Floor
Landing
Having loft access point, storage cupboard, radiator and doors to:
Bedroom One 12' 9" to front of wardrobe x 9' 7" ( 3.89m to front of wardrobe x 2.92m )
Having two double glazed windows to the front, fitted wardrobes, built in storage cupboard and radiator.
Bedroom Two 13' 9" x 8' 10" ( 4.19m x 2.69m )
Having a double glazed window to the rear and radiator.
Bathroom
Having windows to the rear, bath with electric shower over, hand wash basin, low level w.C, complementary tiling, radiator and tiled floor.
Outside
To the rear of the property is an enclosed garden with brick built outbuilding and gate providing side access.
Auctioneer's Comments
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, granting 56 days for completion and with an aim to exchange contracts 28 days from the date the buyer's solicitor is in receipt of the draft contracts. 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 an non-refundable reservation fee of 4.2% to a minimum of £6,000 including VAT which secures the transaction and takes the property of 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 form 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 Starting Bid and reserve price can be subject to change. Terms and conditions apply to the Modern Method of Auction, which is operated by Connells Property Auction powered by iam Sold. Reservation Fee is in addition to the final negotiated selling price.
1. Money laundering regulations - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract.
3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.
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