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14 West Parade, Consett, DH8 5RR

Lot no: 162 Sold Prior to Auction
 

Guide Price £62,000+ plus fees

Conditional with Reservation FeeOn the fall of the hammer, the successful bidder will enter into a Reservation Agreement with the seller and be granted an exclusivity period of 60 days to purchase the property (unless the Special Conditions of Sale specify a different timescale). The successful bidder must use the exclusivity period to proceed to exchange of contracts and complete the purchase. On the fall of the hammer, the successful bidder must immediately pay a non-refundable Reservation Fee of 4.8% of the final sale price of the property up to and including £250,000, or 3.6% if the final sale price is over £250,000. The Reservation Fee is subject to a minimum of £6,000.

Thursday 30th July 2020

10.30am
Key Features
  • Spacious Mid Terrace Property
  • Two Reception Rooms
  • Three Bedrooms
  • Rear Yard
  • EPC Rating: E
  • In Need of Modernisation
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Sold Prior to Auction

Terraced House

Property Description:

Three bedroom mid terrace house ideal for investment opportunity's, in need of some modernisation.
Briefly the property comprises of an entrance lobby with stairs leading to the first floor. To the left of the hallway is a spacious lounge to the front aspect and to the rear is a dining room leading through to the kitchen.
To the first floor of the property straight ahead is bath and shower room and also a separate WC to the left. Again to your left you will find a small staircase leading to a raised level with two double bedrooms and a single bedroom to the front aspect of the property.
Externally to the rear of the property is an enclosed yard.

Location
The property is located within walking distance to the Consett town centre and within easy reach of all the local amenities such as shops, restaurants, bars, doctors surgeries, schools and leisure facilities.
The redevelopment of Consett Academy and the adjacent sports facilities will also make this location attractive to families. The property is also within easy reach of transport links into Newcastle, Durham, Sunderland and Northumberland.

Tenure:

See Legal Pack.


Auction Details:
The sale of this property will take place on the stated date by way of Auction Event and is being sold as Conditional with Reservation Fee (England and Wales).

Contracts of sale will not be immediately exchanged. As the successful buyer, you will enter into a 40 business-day exclusivity agreement with the seller, in which to exchange contracts and complete. Please refer to our Auction Conduct Guide for further information on our auction types and sale methods.

All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.

Auction Fees:
The following non- refundable auctioneers fee applies:
• Reservation Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.

The Buyer’s Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.

There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.

Additional Information:
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page.

This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).

Guide Price & Reserve Price
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.