Ilfracombe Gardens, Whitley Bay, NE263SQ

This auction has ended!
Bid Count:
5
   
Final Bid:
£160,000.00
  • Overview
  • Particulars
  • Agent Details
  • Fees & Charges Explained

Property Overview

ONLINE AUCTION ENDING 25th OF MARCH AT 2pm- CALL ANNA FOR FURTHER DETAILS 0191 239 0802**NO UPPER CHAIN and HUGE POTENTIAL with this PERIOD TERRACED HOME with GARAGE that is located close to LOCAL SHOPS,
SCHOOLS, the SEAFRONT and TRANSPORT LINKS. Although requiring UPDATING the property offers the SCOPE FOR LOFT CONVERSION as well as GENERAL MODERNISATION and will be suited to a range of buyers from FIRST TIME BUYERS, DEVELOPERS or 'DOWNSIZERS'.
Ideal opportunity for use as an Airbnb; all furnishings can be included in the sale subject to separate negotiation.
Although requiring some modernising the property does have gas central heating and double glazing whilst including on the ground floor an entrance lobby, hallway, living room, dining room and kitchen and to the first floor there are 2 double bedrooms together with a family bathroom/WC. Externally there is a low maintenance 'town garden' to the front and in addition to the large garage at the rear. There is further parking generally available within the area. 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 (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.

Rooms

ENTRANCE LOBBY
With coved ceiling and dado rail.
HALLWAY
Radiator with display shelf over, coved ceiling and
staircase to the first floor.
LIVING ROOM 16'3" into bay x 12'4" (4.95m into
bay x 3.76m)
Situated to the front of the property, a well
proportioned principal living and entertaining area that
includes double radiator, double glazed bay window
with vertical blinds, TV point, coved ceiling with centre
rose and a living flame coal effect gas fire set to
attractive fireplace surround with decorative tiled inset.

FIRST FLOOR
SPLIT LANDING
Storage cupboard off.
FRONT DOUBLE BEDROOM ONE 14'11" x 12'10"
(4.55m x 3.91m)
Radiator, two storage cupboards, coved ceiling and two
double glazed windows with fitted vertical blinds.

DINING ROOM 14'3" x 12'10" (4.34m x 3.91m)
An excellent versatile second reception area with
radiator, double glazed window, fitted vertical blinds,
two storage cupboards off and a living flame coal effect
gas fire set to a fireplace surround.

REAR DOUBLE BEDROOM TWO 9'10" x 9'11" plus
wardrobes (3.00m x 3.02m plus wardrobes)
Radiator, double glazed window with vertical blinds,
shelving to recesses and built in full height wardrobing
to one wall.

KITCHEN 12'0" x 7'2" (3.66m x 2.18m)
Double radiator, stainless steel sink unit with drainer,
cooker point, plumbing for washing machine and
dishwasher, a range of wall and floor units, work
surfaces with courtesy lighting, wall tiling, two double
glazed windows and door out to rear.

Rooms

BATHROOM / WC 9'0" x 7'4" (2.74m x 2.24m)
Radiator, panelled corner bath with shower attachment
and shower over, pedestal wash basin, low level WC,
wall light points and storage cupboard off.

EXTERNAL
To the front of the property there is a low maintenance
shrub garden whilst to the rear there is a decked
terrace with steps down to the on-site double garage.
DOUBLE GARAGE 116'3" x 16'9" (35.43m x 5.11m)
With roller shutter door, power , lighting, sky light and
includes a low level WC and wash basin.

Cooke & Co

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

Fees & Charges Explained

Ilfracombe Gardens, Whitley Bay, NE263SQ

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.

Disclaimer

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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