A FOUR BEDROOM END TERRACE AND ONE BEDROOM GROUND FLOOR FLAT.
SOLD AS ONE but on two separate titles. The property was originally a private dwelling house and a corner shop, the shop now having been converted to a separate self contained one bedroom flat with lounge and kitchen, bedroom and bathroom/WC. The house comprises; entrance hall, lounge, dining room and separate kitchen. Upstairs there are four bedrooms and a family bathroom/WC. There is also an extensive loft ripe for conversion if desired. Both properties have double glazing and the main house benefits from gas central heating and solar panels which will be wholly owned on completion and the flat has electric heating To arrange a viewing call COOKE & CO.
*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.
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.
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 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.
House - Ground Floor - Entrance Hall - UPVC entrance door, staircase to the first floor, doors to the lounge and to the dining room. Lounge - 15'7 x 13'1" (4.75m x 3.99m) - Double glazed bay window to the front, feature fireplace, TV point, radiator. Dining Room - 13'1" x 9'8" (3.99m x 2.95m) - Space for a dining table and chairs, open doorway through to the kitchen, double glazed window to the rear, door to the ground floor WC. Ground Floor Wc - Fitted with a low level WC and wash basin. Kitchen - 12'8" x 6'9" (3.86m x 2.06m) - Fitted with a range of wall and base units, sink unit, integrated electric oven and gas hob with extractor hood above, tiled floor and tiled splash back, double glazed window to the rear and side and double glazed door to the side leading to the rear yard, radiator. First Floor Landing - A large landing area with doors leading to the four bedrooms and bathroom/WC, built in cupboard. Bedroom One - 14'11" x 13'4" (4.55m x 4.06m) - Double glazed window to the front, fitted wardrobes, radiator. Bedroom Two - 16'8" x 10'3" (5.08m x 3.12m) - Double glazed window to the side, radiator. Bedroom Three - 12'7" x 9'11" (3.84m x 3.02m) - Double glazed window to the front, radiator, fitted wardrobes. Bedroom Four - 13'4" x 6'2" (4.06m x 1.88m) - Double glazed window to the side, radiator. Bathroom / Wc - 10'3" x 8'0" (3.12m x 2.44m) - A spacious family bathroom fitted with a corner bath, separate shower cubicle, low level WC and wash basin, tiled floor, radiator, two double glazed frosted windows to the rear. Loft Space - There is a large loft space that has been boarded out, accessed by a drop down ladder. External - To the front of the property there is a paved area, currently used for off street parking and to the rear there is an enclosed yard with up and over garage door. Ground Floor Flat - 1 Belford Terrace, North Shields, Ne30 2Da - Lounge / Kitchen - 19'11" x 11'7" (6.07m x 3.53m) - UPVC entrance door leads in to the open plan lounge and kitchen, Fitted with a range of modern wall and base units, sink unit, integrated electric oven and hob with extractor hood above, tiled splash back, radiator, space and plumbing for a washing machine, double glazed windows to the front and side, doors lead to the bathroom and to the bedroom. Kitchen Area - Bedroom - 12'6" x 11'4" (3.81m x 3.45m) - A spacious main bedroom with double glazed window to the front, built in cupboard, radiator. Bathroom / Wc - 9'0" x 7'1" (2.74m x 2.16m) - Fitted with a white suite comprising; panelled bath with shower over, low level WC and wash basin, tiled walls and tiled floor, radiator, built in cupboard. External - There is a paved yard to the front.
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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 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.
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.