Cromwell Terrace, North Shields, NE290PA

Starting Price* £74,000
Time Left 30d 20h 57m 41s

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  • Overview
  • Particulars
  • Request Details
  • Agent Details
  • Fees & Charges Explained

Property Overview

**Ending on the online auction on the 25th of March at 1:45pm*** Please call Anna at the auction team to discuss interest 0191 239 0802**NO UPPER CHAIN, a SHARED REAR YARD with PARKING and UPGRADED AMENITIES are all on offer with this LARGER FIRST FLOOR FLAT (formerly 3 bedrooms) that enjoys a TRAFFIC-FREE walkway position within a HIGHLY REGARDED residential area. Located conveniently for accessing LOCAL SHOPS, SCHOOLS and general TRANSPORT LINKS it is an ideal STARTER HOME but will also suit 'DOWNSIZERS' and INVESTORS. IMMEDIATELY AVAILABLE, this is an EXCELLENT OPPORTUNITY and an early viewing is strongly recommended.
With gas central heating to radiators and double glazing together with other improvements, the property affords spacious living that is most appealing and has a pleasant walkway outlook. To the ground floor there is a private entrance hall with stairs leading up to the first floor where there are 2 good sized bedrooms, a superb 20' living room with dining area, refitted kitchen, inner lobby and a lovely refitted bathroom/WC with shower. Externally there is a good sized private yard to the rear with parking space should it be required. We strongly recommend an early viewing.

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 Modern Method of 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.

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

Ground Floor - Entrance Hall - With double glazed top window and staircase to the first floor. First Floor - Landing - Radiator, coved ceiling and loft access. Front Double Bedroom One - 15'5" x 11'4" (4.70m x 3.45m) - Overlooking the pedestrianised walkway and enjoying excellent natural light from two double glazed windows, whilst including radiator, coved ceiling, picture rail, two sets of fitted mirror fronted wardrobes with centre dresser unit and locker storage overall. Front Bedroom Two - 10'2" x 7'0" (3.10m x 2.13m) - Radiator, double glazed window and fitted mirror fronted double wardrobe. Living Room (Including Dining Area) - 20'11" x 11'10" (6.38m x 3.61m) - A superb all purpose living, dining and entertaining area set to the rear of the property with two double radiators, coved ceiling, telephone point, dimmer switch control and two double glazed windows. Kitchen - 11'3" x 7'8" (3.43m x 2.34m) - Refitted by the present owner and well appointed to include radiator, cooker point, one and a half sink unit with drainer, a good range of gloss wall and floor units, work surfaces, wall tiling, plumbing for washing machine, storage cupboard off with combi central heating boiler, door to rear staircase and double glazed window. Inner Lobby - With shelved recess. Bathroom / Wc - 6'11" x 5'5" (2.11m x 1.65m) - Refitted by the present owner and well appointed to include a chrome heated towel rail, panelled bath with shower attachment and glass shower guard, pedestal wash basin, low level WC, 'subway' style wall tiling, double glazed window. External - To the rear of the property there is a private yard with decked terrace and seating that also provides for off street parking if required. Rear Yard -

Request full details for this property

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All fields marked with an * are required. Please be advised that all calls made to and from iamsold are recorded. Calls are recorded for training and monitoring purposes and may also be used for complaint resolution. Calls are stored securely in accordance with General Data Protection Regulation requirements. Personal information submitted via the request details form will not be shared, rented or otherwise abused.

Cooke & Co

Local Branch: 55 Park View, Whitley Bay, NE26 2TP
Head Office: 55 Park View, Whitley Bay, NE26 2TP

Fees & Charges Explained

Cromwell Terrace, North Shields, NE290PA

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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