Guide Price £85,000 3 Bedroom Semi-Detached House Ref: 22583_27011163
*** THIS PROPERTY IS FOR SALE BY THE MODERN METHOD OF AUCTION TUESDAY 4TH JULY 2017 AT THE RAMSIDE HALL HOTEL, DURHAM, DH1 1TD. REGISTRATION IS AT 6:30PM, AUCTION COMMENCES 7:00PM. FOR FURTHER INFORMATION PLEASE CONTACT THE AUCTION TEAM ON 0191 2390802 ***
For the buyer seeking a family home this semi detached house is a property that must be viewed to assess the full potential. The property briefly comprises of an Entrance Hall, Lounge, Dining Room, Kitchen, Three Bedrooms, Garage with drive and Gardens to the front and the rear.
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 buyers 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 from 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. Pleas
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