Oakdene Terrace, Spennymoor, DL167BA

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Final Bid:
  • Overview
  • Particulars
  • Agent Details
  • Fees & Charges Explained

Property Overview

A SPACIOUS mid terrace property which has 2/3 BEDROOMS along with TWO LARGE RECEPTION ROOMS, a SPACIOUS BATHROOM, OFF STREET PARKING, a LARGE REAR GARDEN and SUPERB VIEWS OVER NEIGHBOURING COUNTRYSIDE. The larger of the two bedrooms has currently been split to make two rooms and could be used as such, returned to one large room or updated to create an official three bedroom house. The accommodation is in need of some updating and comprises; entrance vestibule, entrance hall, lounge, dining room and kitchen to the ground floor. At first floor level is a large bathroom, a double bedroom to the rear and the large front bedroom which is currently split. Externally is an enclosed yard directly to the rear which has brick built storage facilities. Across a narrow rear lane is a large garden area with a hard standing for off street parking. Viewing is a must

Starting Bid and Reserve Price

*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 auction, which is powered by IAM Sold.

Auctioneer's Comments

This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold.

This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor. This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).

The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.2% of the purchase price including VAT, subject to a minimum of £6,000.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability.

Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded.

This 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 £300.00 including VAT towards the preparation cost of the pack, where it has been provided by iamsold.

The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.

Referral Arrangements

The Partner Agent and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted.

Where services are accepted the Auctioneer or Partner Agent may receive payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you.

Energy Performance Certificate (EPCs)

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.

Property Particulars

ENTRANCE VESTIBULE Giving access to the entrance hall. ENTRANCE HALL With a radiator and stairs to the first floor. LOUNGE 12' 00'' x 10' 11'' Having a double glazed Bay winow to the front, gas fire, radiator, coving and open plan access to the dining room. DINING ROOM 12' 00'' x 12' 11'' With a double glazed window to the rear, coving and a radiator. KITCHEN 11' 01'' x 7' 02'' Having a range of wall and base units with work surface space, single drainer sink unit with mixer tap, plumbing for washing machine, electric hob, electric double oven, radiator, tiled splash backs, extractor fan, two double glazed windows to the rear and a door to the rear yard. FIRST FLOOR LANDING A spacious landing which has large, built-in storage cupboards. BEDROOM TWO 12' 09'' x 8' 05'' With a double glazed window to the rear, a radiator and built in storage cupboards one of which houses the gas combi boiler. BEDROOM ONE 11' 03'' x 15' 03'' This was originally bedroom one and has been split into 2 rooms with an access door inbetween.Each of the rooms has a double glazed window to the front and a radiator. It would easily be possible to return to one large bedroom or created a landing area to turn it into two official bedrooms. Individual room sized are 11"3 x 8"11 and 11"0 x 6"4. BATHROOM 11' 04'' x 7' 05'' A spacious bathroom which has a four piece suite to include a shower cubicle, panelled bath, low level wc, pedestal wash basin, tiling, a radiator, coving and a double glazed window to the rear. EXTERNALLY Directly to the rear is an enclosed yard which has brick built storage facilities. Across a narrow rear lane in a good-sized garden areas which has a hard standing area for off street parking. The hard standing previously housed a garage.

Dowen Estate Agency

Local Branch: 51 High Street, Spennymoor, DL16 6BB
Head Office: 6 Jubilee House, Hartlepool, TS26 9EN

Fees & Charges Explained

Oakdene Terrace, Spennymoor, DL167BA

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.

Buyers Information Pack

If the Buyer Information Pack has been produced and provided by iamsold any successful purchaser will be required to pay £300.00 (including VAT) towards the cost of the preparation of the pack. These can then be used by your solicitor to progress the sale.

Buyer Fees

There are no other fees or charges payable to the Auctioneer however, there are other costs to consider such as:

  • You will need a Solicitor to act for you during the conveyancing and your Solicitor will advise you in relation to the associated costs. If you do not have a Solicitor, we can recommend the services of one of our Panel Solicitors who are all selected for their expertise in Auction Transactions. Please call the number below for more information.
  • Stamp Duty Land Tax (SDLT) is applicable if you buy a property or land over a certain price in England, Wales or Northern Ireland. Please click here for more information.


Need More Information?

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.

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