Property advertisement

Wydon Park, Hexham

Ref: N/A
Sold subject to contract

Offers invited - Guide price £49,950
1 Bedroom Flat

Main Property Photo

THIS PROPERTY IS FOR SALE BY THE MODERN METHOD OF AUCTION WHICH IS NOT TO BE CONFUSED WITH TRADITIONAL AUCTION. THE MODERN METHOD OF AUCTION IS A FLEXIBLE BUYER METHOD OF PURCHASE. WE DO NOT REQUIRE THE PURCHASER TO EXCHANGE CONTRACTS IMMEDIATELY, BUT GRANT 28 DAYS TO ACHIEVE EXCHANGE OF CONTRACTS FROM THE DATE THE BUYER'S SOLICITOR IS IN RECEIPT OF THE DRAFT CONTRACTS AND A FURTHER 28 DAYS THEREAFTER TO COMPLETE. ALLOWING THE ADDITIONAL TIME TO EXCHANGE ON THE PROPERTY MEANS INTERESTED PARTIES CAN PROCEED WITH TRADITIONAL RESIDENTIAL FINANCE. UPON CLOSE OF A SUCCESSFUL ACTION OR IF THE VENDOR ACCEPTS AN OFFER DURING THE AUCTION, THE BUYER WILL BE REQUIRED TO PUT DOWN A NON-REFUNDABLE RESERVATION FEE OF 3.5% TO A MINIMUM OF £5,000.00 + VAT (£1,000.00) = (£6,000.00) WHICH SECURES THE TRANSACTION AND TAKES THE PROPERTY OFF THE MARKET. FEES PAID TO THE AUCTIONEER MAY BE CONSIDERED AS PART OF THE CHARGEABLE CONSIDERATION FOR THE PROPERTY AND BE INCLUDED IN THE CALCULATION FOR STAMP DUTY LIABILITY. FURTHER CLARIFICATION ON THIS MUST BE SOUGHT FROM YOUR LEGAL REPRESENTATIVE. THE BUYER WILL BE REQUIRED TO SIGN AN ACKNOWLEDGEMENT OF RESERVATION FORM TO CONFIRM ACCEPTANCE OF TERMS PRIOR TO SOLICITORS BEING INSTRUCTED. COPIES OF THE RESERVATION FORM AND ALL TERMS AND CONDITIONS CAN BE FOUND IN THE BUYER INFORMATION PACK WHICH CAN BE DOWNLOADED FOR FREE FROM THE AUCTION SECTION OF OUR WEBSITE OR REQUESTED FROM OUR AUCTION DEPARTMENT. 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 OPERATED BY GREAT NORTH PROPERTY AUCTION POWERED BY iam-soldLtd. RESERVATION FEE IS IN ADDITION TO THE FINAL NEGOTIATED SELLING PRICE. TO VIEW OR MAKE A BID - CONTACT ANDREW COULSON PROPERTY SALES & LETTINGS LTD OR VISIT: www.agentauctionpage.co.uk THE PROPERTY IS A WELL PRESENTED GROUND FLOOR ONE BEDROOMED APARTMENT WITH GAS FIRED CENTRAL HEATING AND DOUBLE GLAZING AND A PAVED PATIO GARDEN TO THE REAR. NO FORWARD CHAIN.

AUCTIONEERS COMMENTS
This property is for sale by the Modern Method of Auction which is not to be confused with traditional auction. The Modern Method of Auction is a flexible buyer friendly method of purchase. We do not require the purchaser to exchange contracts immediately, but grant 28 days to achieve exchange of contracts from the date the buyer's solicitor is in receipt of the draft contracts and a further 28 days thereafter to complete. Allowing the additional time to exchange on the property means interested parties can proceed with traditional residential finance. Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to put down a non-refundable Reservation Fee of 3.5% to a minimum of £5,000.00 + VAT (£1,000.00) = (£6,000.00) which secures the transaction and takes the property off the market. Fees paid to the Auctioneer may be considered as part of the chargeable consideration for the property and be included in the calculation for stamp duty liability. Further clarification on this must be sought from your legal representative. The buyer will be required to sign an Acknowledgement of Reservation form to confirm acceptance of terms prior to solicitors being instructed. Copies of the Reservation form and all terms and conditions can be found in the Buyer Information Pack which can be downloaded for free from the auction section of our website or requested from our Auction Department. 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 operated by Great North Property Auction powered by iam-sold Ltd. Reservation Fee is in addition to the final negotiated selling price. TO VIEW OR MAKE A BID - Contact Andrew Coulson Property Sales & Lettings Ltd or visit: www.agentauctionpage.co.uk

THE PROPERTY
The property is a well presented ground floor one bedroomed apartment with gas fired central heating and double glazing and a paved patio garden to the rear. Ideal for first time buyers or investors.

BRIEFLY COMPRISING;

GROUND FLOOR
Entrance door leads to:

ENTRANCE HALL
With two large storage cupboards and separate airing cupboard. Door leads to:

BEDROOM - 13' 1'' x 8' 7'' (3.98m x 2.61m)

BATHROOM
Comprising panelled bath, wash hand basin, low level WC and tiled splashbacks.

LIVING ROOM - 13' 5'' x 10' 11'' (4.09m x 3.32m)
Fireplace incorporating a real-flame coal-gas fire and wall lighting points.

KITCHEN - 10' 11'' x 8' 9'' (3.32m x 2.66m)
Fitted with wall and floor units with worktops incorporating a one and a half stainless steel sink unit with single drainer and mixer tap over. Electric cooker point/recess, plumbing for washing machine and tiled splashbacks.

EXTERNALLY
There is a paved patio garden to the rear.

SERVICES
Mains electricity, water, drainage and gas are connected. Gas fired central heating to radiators also supplying the domestic hot water.

NOTES
Fitted carpets are included in the sale.

TENURE
Leasehold.


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