Please contact Auction House North East on 01642 931060 for the viewing schedule
FOR SALE BY MODERN METHOD OF AUCTION - THREE BEDROOM SEMI DETACHED HOME FOR SALE on Tuesday 24th October 2023
FOR SALE BY MODERN METHOD OF AUCTION - THREE BEDROOM SEMI DETACHED HOME FOR SALE
For Sale via Alternative (Modern) method of Auction.
Viewings and bids are invited on this semi detached home which comes to the market with no onward chain and makes for a great first purchase or buy to let.
Investors will be pleased to know, based on achieving £650 pcm the annual income will be £7,800 generating a potential gross yield in the region of 10%
Hive Close is well placed for a range of local amenities including everyday shopping requirements, educational requirements and has good access to public transport and road networks.
Early inspection is recommended.
Alternative (Modern) method of Auction meaning - At the fall of the gavel or acceptance of an offer by the Seller, the Buyer will enter an exclusivity agreement with the seller. The buyer shall pay a non-refundable exclusivity fee to the value of 2.5% of the sales price or £3,500 plus VAT whichever is the greater. This symbolises the start of an exclusivity period of sale which will require an exchange of contracts to take place within 28 days of the buyer's solicitor receiving the contract pack. Completion of the sale must then take place within a further 28 days of the date of exchange of contracts. Full details and terms of exclusivity can be obtained from Auction House North East.
Ground Floor Lobby - On arriving at this home buyers are welcomed to the entrance hall with stairs to the first floor.
Lounge - 13'7 x 11'3 - Situated to the front of the property the lounge features a double glazed window which floods the room with natural light.
Kitchen/Diner - 14'7 x 8'5 -Fitted with a range of base and wall units, drawers and work surfaces together with sink tap and splash backs. There's space for dining and a range of appliances.
First Floor Landing - Moving through the accommodation and up to the first floor the landing offers access to the bedrooms and bathroom
Bedroom One - 11'8 x 8'1 - Aspect to the front
Bedroom Two - 10'11 x 7'7- Aspect to the rear
Bedroom Three - 6'3 x 6'2 - Aspect to the rear
Bathroom/WC -Fitted with a white suite comprising panelled bath with shower over, low level Wc and wash basin
External Lawned frontage with drive allowing for off road parking.
Gated side access to the enclosed rear garden which is not overlooked and laid to lawn with patio area.
Viewings Please contact Auction House North East for the viewing schedule
Tenure: Leasehold
Lease Details: Please see legal pack
EPC Rating: D
Leasehold. The property is held on a 999 year lease from 01/01/1998 (thus approximately 974 years unexpired).
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
There is no Administration Charge on this property
Exclusivity Fee of 3% inc VAT of the purchase price, subject to a minimum of £4200 inc VAT, payable immediately at the conclusion of Auction
Call the team on 01642 931060 for more information
By setting a proxy bid, the system will automatically bid on your behalf to maintain your position as the highest bidder, up to your proxy bid amount. If you are outbid, you will be notified via email so you can opt to increase your bid if you so choose.
If two of more users place identical bids, the bid that was placed first takes precedence, and this includes proxy bids.
Another bidder placed an automatic proxy bid greater or equal to the bid you have just placed. You will need to bid again to stand a chance of winning.