TWO BEDROOM MID TERRACE BUNGALOW WITH OPEN ASPECT TO FRONT ELEVATION, SITUATED ON THE OUTSKIRTS OF THORNTREE GILL, PETERLEE:We are privileged to offer to the sale market, this spacious two bedroom terrace bungalow situated on this popular terrace in Horden, warmed by gas central heating, boasting double glazing, spacious lounge with feature fireplace in oak, separate dining room with opening through to kitchen fitted with a range of units in oak laminate effect, bathroom refitted with a double shower cubicle, vanity unit with contemporary wash hand basin, two double bedrooms with fitted wardrobes. Externally lawn garden with off street parking, low maintenance garden shrubs, yard to rear. I have been advised by the owners the property was rewired in dec 2017.
*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 powered by IAM Sold.
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, however from the date the Draft Contract is received by the buyers solicitor, the buyer is given 56 days in which to complete the transaction, with the aim being to exchange contracts within the first 28 days. 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 make payment of a non-refundable Reservation Fee of 4.2% of the final agreed sale price including VAT. This is subject to a minimum payment of £6,000.00 including VAT. which secures the transaction and takes the property off the market. Fees paid to the Auctioneer are considered as part of the chargeable consideration for the property by HMRC and will 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 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 Great North Property Auction powered by IAM Sold. The Reservation Fee is paid in addition to the final negotiated selling price.
Energy Performance Certificates (EPCs) give information on how to make your home more energy efficient and reduce your energy costs. All homes bought, sold or rented require an EPC. EPCs carry ratings that compare the current energy efficiency and estimated costs of energy use with potential figures that your home could achieve. Potential figures are calculated by estimating what the energy efficiency and energy costs could be if energy saving measures were put in place. The rating measures the energy efficiency of your home using a grade from ‘A’ to ‘G’. An ‘A’ rating is the most efficient, while ‘G’ is the least efficient. The average efficiency grade to date is ‘D’. All homes are measured using the same calculations, so you can compare the energy efficiency of different properties.
ENTRANCE Double glazed entrance door leading through to the Porch. PORCH White uPVC double glazed windows, half glazed door leading through to the Hallway HALLWAY Door leading through to Bedroom 1 and a door leading through to the Lounge. LOUNGE 15' 04'' x 13' 04'' Double glazed window to the front elevation, radiator, coving to the ceiling, feature fireplace in Oak with beige marble insert & hearth, coal living flame gas fire with back boiler, fitted unit into the alcoves and a door leading through to Bedroom 2. BEDROOM 1 10' 04'' x 10' 02'' Double glazed window to the front elevation, radiator, built in wardrobes in cream & beige with white handles, dressing table and a mirror BEDROOM 2 11' 10'' x 10' 06'' Double glazed window to the rear elevation, radiator, fitted wardrobes with white door fronts and brass coloured handles. DINING ROOM 8' 07'' x 9' 04'' Loft access, double radiator, wood panelled walls and an opening through to the Kitchen KITCHEN 7' 11'' x 9' 05'' White uPVC double glazed window to the rear elevation, single glazed window, range of base units in Oak laminate with stainless steel handles, black & grey speckle worktops, stainless steel sink unit with mixer tap, tiled splash backs in beige, space for a fridge/freezer, white gas cooker, radiator, breakfast bar area, double glazed door leading out to the yard. BATHROOM 8' 03'' x 4' 00'' Double glazed window to the rear elevation, white three piece suite comprising low level wc, hi gloss vanity unit with a contemporary wash hand basin & stainless steel mixer tap, double shower cubicle with sliding door and a thermostatically controlled shower, ladder effect towel radiator in white, acrylic clad ceiling in white with silver stripping, fully tiled walls in white with a grey, silver & blue contemporary border, tiled flooring in white EXTERNALLY Open aspect to the front of the property with a wall & fence enclosed garden with off street parking & borders of mature shrubs whilst to the rear is a yard area.
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This property is sold subject to payment of a non-refundable reservation fee of 4.2% to a minimum of £6,000.00 including VAT.
Any successful purchaser will pay this to secure the sale. The reservation fee is in addition to the purchase price. Please take this into account when bidding.
A reservation fee is payable by the buyer only when the seller pays no fees to sell. As sellers pay no fees to sell, this is usually taken into account with a lower reserve price.
This property is being sold under the Modern Method of Auction, which requires the completion of the purchase to be within 56 days, although all reasonable endeavours must be made to exchange contracts within 28 days following the Draft Contract being received by the Buyer's Solicitor.
A non-refundable Reservation fee must be paid by the buyer within 2 hours following the conclusion of the auction or acceptance of an offer. This must be paid by cleared funds to the auctioneer who will issue an acknowledgement of reservation and purchase agreement In the 28 day period following the auction or the date of acceptance of the offer.
If the Buyer Information Pack has been produced and provided by IAM Sold any successful purchaser will be required to pay £200.00 (including VAT) towards the cost of the preparation of the pack. These can then be used by your solicitor to progress the sale.
There are no other fees or charges payable to the Auctioneer however, there are other costs to consider such as:
For further information or to speak to one of our team, please call 0191 239 0802.
These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person in this firms employment has the authority to make or give any representation or warranty in respect of the property.