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Description

Guide £65,000+

An impressive one bedroom, first floor flat offered For Sale via Online Unconditional Auction. FEES APPLY.

TO BE SOLD WITH EXTENDED LEASE OF 125 YEARS FROM JANUARY 2022.

The property briefly comprises: Communal stairwell to rear of property, inner lobby leading to a white family bathroom W.C with electric shower and large open lounge with views over the communal gardens to front of the development, well presented, fitted kitchen with integrated appliances, and double bedroom. Externally are communal grounds and gardens with a single garage.

Located in the ever-popular Newton Hall area, on the outskirts of Durham City, the accommodation occupies an excellent location for access into the City Centre via local transport routes and A167 to connect to the A1M. Additionally, the property is situated close to the Arnison Centre, which has a host of everyday facilities including a large Sanisburys, Next, M&S. Superb local primary and secondary schools can also be found in close proximity.

This realistically priced accommodation is currently Let on an AST at £395 PCM, yielding a gross income of 7.64% on the advertised Guide Price and would present an immediate income for any interested BTL investor.

An internal viewing comes recommended to appreciate this smart investment.

Buyer's Administration Fee £2,400.00 Inc VAT (£2,000 + VAT).

EPC rating E.

For more information, please contact Moovd directly.

Lobby
Accessed via UPVc double glazed door and tiled vinyl flooring.

Lounge
Feature Adam style fire place with coal effect electric fire, UPVc double glazed window to front aspect, electric wall mounted fire and coving.

Kitchen
Fitted with a range of wall and base units contrasting work surfaces, 1 1/2 stainless steel sink with drainer unit and mixer tap over, splash back tiling, integrated electric hob, oven and stainless steel extractor fan over, plumbed for washing machine, UPVc double glazed window to rear aspect and tiled flooring.

Bedroom
UPVc double glazed window to front aspect and wall mounted electric radiator.

Bathroom
A white suite comprising: Panelled bath with electric shower over, pedestal hand basin, splash back tiling, heated towel rail, UPVc double glazed frosted window to rear aspect and tiled flooring.

Externally
Communal gardens.

Location

Unconditional Auction.

Guide Price:

Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time during the timed auction.

Reserve Price:

The property is offered subject to a Reserve Price (a figure below which we Moovd the Auctioneer cannot sell the property during the timed online auction) the reserve price will be set somewhere within the Guide Range or no more than 10% above a single figure Guide Price.

Unconditional Auction Notes:

The above property is been offered for sale by online Unconditional Auction (Traditional auction). With this method of sale, both seller and buyer are required to complete the transaction, within the timeframe stated in the General Conditions and Special Conditions or Sale. It is Moovd’s policy that all buyers are without fail AML checked at point of offer via signing our Bidder Registration Form. The buyer is then required to make a NON- REFUNDABLE Administration Fee payment amounting to £2,400.00 Inc VAT (£2,000 + VAT) (This fee IS PAID in addition to the purchase price and will be chargeable and calculated towards stamp duty). A deposit payment amounting to 10% of the purchase price (or a minimum of £5,000) is also required from the successful buyer.

Legal Pack:

Each property has a valid Legal Pack, which is a set of documentation prepared by the seller's solicitor relating to the property been offered for sale. This is available to download via the property details on our website.

Particulars:

We have taken reasonable care to prepare particulars that correctly describe each property. The particulars are based on information supplied by or on behalf of the seller. You need to check that the information in the particulars is correct. If we provide information, or a copy of a document, we do so only on the basis that we are not responsible for the accuracy of that information or document. The particulars and the sale conditions may change prior to the timed online auction and it is your responsibility to check that you have the correct versions. If the special conditions do not contain a description of the property, you take the risk that the description contained in the particulars is incomplete or inaccurate, as the particulars have not been prepared by a conveyancer and are not intended to form part of a legal contract.