- For Sale by Modern Auction
- T & C's Apply
- Subject to Reserve Price
- Buyers Fees Apply
- Ground Floor
- One Bedroom
- Front Garden
- Rear Yard
- Viewing Recommended
- Call For More Information
We welcome this one-bedroom ground floor flat, ideally positioned on the ever-popular Elmwood Avenue in Wallsend.
For sale by Modern Method of Auction: Starting Bid Price 45,000 plus Reservation Fee
This property is for sale by The Great North Property Auction powered by iam-sold.
Conveniently located close to a variety of local shops, amenities, and well-regarded schools, the flat is also close to excellent transport links, with the Metro station and local bus services just a short walk away, providing easy access into Newcastle City Centre and the surrounding areas. For those with an interest in local history, Segedunum Roman Fort and Museum is only a short stroll away, offering a fascinating insight into the area's heritage.
Internally, the accommodation is in need of updating and briefly comprises an entrance lobby leading into a welcoming hallway, a spacious lounge, kitchen, a bathroom, and a well-proportioned bedroom. The property further benefits from gas central heating and double glazing throughout. Externally there is a garden to the front and a yard to the rear.
Early viewings are highly recommended. For more information or to arrange a viewing, please contact our High Heaton team on 0191 236 2070.
Tenure
The agent understands the property to be leasehold, although this should be confirmed with a licensed legal representative.
Council Tax Band: A
Lounge - 3.85 x 4.30 (12'7" x 14'1") -
Kitchen - 2.97 x 2.06 (9'8" x 6'9") -
Bedroom One - 4.27 x 4.01 (14'0" x 13'1") -
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 4.5% 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.
Property Ref: 58798_34389333
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