*** AUCTION PROPERTY *** For sale by Modern Method of Auction, Starting Bid Price £150,000 plus Reservation Fee.
Situated on Sheringham Avenue in North Shields and available with NO ONWARD CHAIN a two bedroom, two reception room semi detached bungalow. Overall the property comprises; entrance hall, lounge, dining room, kitchen, two bedrooms, bathroom and separate WC. Gas central heating and double glazing. Neutral decor throughout. There are gardens to the front, side and rear. To arrange a viewing call COOKE & CO. Energy rating D.
The property is for sale by The Great North Property Auction powered by iam-sold Ltd, tel 0845 5193 126, www.gnpa.co.uk.
AUCTION 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.
The Property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack. The buyer will also make payment of £300 including VAT towards the preparation cost of the pack, where is has been provided by iamsold.
NON-REFUNDABLE RESERVATION FEE
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 INCLUDING VAT which secures the transaction and takes the property off the market.
ACKNOWLEDGEMENT OF RESERVATION FORM
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 Legal Pack which can be downloaded for free from The Great North Property Auction at: http://www.gnpa.co.uk.
Please note this property is subject to an undisclosed reserve price. Terms and conditions apply to the Modern Method of Auction, which is operated by The Great North Property Auction by iam-sold Ltd.
TO VIEW OR MAKE A BID
To arrange a viewing contact Cooke & Co Estate Agents.
The property is for sale by The Great North Property Auction powered by iam-sold Ltd. To make a bid visit: http://www.gnpa.co.uk. For more information please tel: 0845 5193126.
Entrance Hall UPVC entrance door. Further doors lead to the lounge, dining room, two bedrooms, bathroom and separate WC.
Lounge 16' x 10'9" (4.88m x 3.28m). A spacious main reception room with double glazed bay window to the front, radiator.
Dining Room 13' x 10' (3.96m x 3.05m). Double glazed window to the rear, door to the kitchen, built in cupboards, radiator.
Kitchen 10'9" x 5'6" (3.28m x 1.68m). Fitted with a range of wall and base units, sink unit, integrated electric oven and gas hob with extractor hood above, part tiled walls., double glazed window and door to the side.
Bedroom One 16' x 10' (4.88m x 3.05m). Double glazed bay window to the front, radiator.
Bedroom Two 10' x 7' (3.05m x 2.13m). Double glazed window to the side, radiator.
Bathroom 7' x 5'7" (2.13m x 1.7m). Fitted with a white suite comprising; panelled bath with shower above and a pedestal wash basin, part tiled walls, radiator, double glazed frosted window to the rear.
Separate WC Fitted with a low level WC, double glazed frosted window to the rear.
External To the front and side of the property there is a low maintenance garden. To the rear there is a lawned area and a gravelled area, all with a fenced boundary with gated access.
AGENT'S NOTES from AUCTION This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold).
If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Any payment that will be received by the Agent or Auctioneer will be confirmed to you in writing before services are taken. Services are optional.
Tenure Freehold
Council Tax North Tyneside Council Tax Band B
Mortgage Advice A comprehensive mortgage planning service is available via Darren Smith of NMS Financial Limited. For a free initial consultation contact Darren on 0191 2510011.
**Your home may be repossessed if you do not keep up repayments on your mortgage**
Location Map
Energy Performance Certificate EPC Rating D
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