House For Sale £33,000
For sale by Unconditional Online Auction - ideal investment property - Hunters are delighted to act with SDl Auctions in the sale of this ideal three bedroom investment property which lies within reach of the new Horden Railway Station linking the area with the major conurbations of Newcastle, Sunderland, Hartlepool and beyond, local schools, recreational parks, the new Aldi supermarket and scenic heritage coastline. Although in need of refurbishment, reflected in the guide price, the accommodation comprises of a lounge, dining kitchen, a family bathroom and rear west facing courtyard. Contact Hunters based in the Castle Dene Shopping Centre in Peterlee for further information regarding Hunters comprehensive lettings management services and to arrange your viewing. EPC: C, Council Tax Band: A
For sale by Unconditional Online Auction | Three Bedrooms | Lounge | Dining Kitchen | Bathroom | Potential £425 Pcm Return | No Chain | EPC: C | Council Tax Band: A
Entrance Hall (0 x 0)
Incorporating an external door, stairs to the first floor landing and an internal door to the lounge.
Lounge (3.71 x 3.93)
Situated at the front of the property the lounge features a double glazed window, a door to the dining kitchen
and an open fireplace.
Dining Kitchen (3.71 x 4.77)
Nestled to the rear of the residence the kitchen features an array of wall and floor cabinets and laminated work surfaces integrating a stainless steel sink and drainer unit complete with mixer tap fitments set beneath a window which overlooks the rear enclosed courtyard. Further accompaniments include a concealed gas boiler, an electric cooker point, plumbing for an automatic washing machine and a further door leading into the rear hallway.
Rear Hall (0 x 0)
The rear hall features a double glazed external door to the rear courtyard and internal access to the bathroom.
Bathroom (1.81 x 2.17)
The bathroom includes a double glazed window to the courtyard and features a white suite comprising of a panel bath complete with shower mixer tap fitments, a low level Wc and a pedestal hand wash basin.
First Floor Landing (0 x 0)
The landing offers access into the three double bedrooms.
Master Bedroom (3.77 x 4.34)
The master bedroom provides elevated views over the front elevation through double glazed windows and two useful storage cupboards.
Second Bedroom (2.21 x 3.33)
Set to the rear of the home this double bedroom includes a double glazed window overlooking the enclosed courtyard.
Third Bedroom (2.45 x 2.6)
The third bedroom located to the rear of the property features a double glazed window.
External (0 x 0)
The enclosed walled rear courtyard is set upon a predominantly south facing aspect accessed via the door from the rear hallway.
Terms
Tenure: Freehold
Auction Method:
The auction for this property will be conducted online through our online-bidding platform. This is a “Timed Auction”, so there are no other lots being sold alongside this property.
The timeslot for the auction is displayed on sdl Property Auctions’ website. To view this, search for the property on their website. Then click onto the property to view the property details. The time remaining to bid and end date of the auction is displayed on the page.
You are required to undertake identity checks before you can be authorised to bid. You must also provide your payment details. If you do not provide this information, your registration will not be processed.
When you place your bid, you are deemed to have agreed to sdl Property Auctions’ Buyers Terms (England & Wales) which are available on sdl Property Auctions website.
Auction Type- Unconditional With Variable Fee:
If you are the highest bidder, you must exchange legally binding contracts for the sale when the auction for the property comes to an end. You must then pay the applicable fees and deposit. You must complete the sale within 15 business days unless the Special Conditions of Sale contained within the Legal Pack state otherwise.
Auction Fees
The following non-refundable fees apply: Buyer’s Fee- payable on exchange of contracts. This is calculated as a percentage of the actual purchase price of the property. Either: (a) 4.8% (including VAT) of the purchase price, for properties up to and including £250,000 (b) 3.6% (including VAT) of the purchase price for properties sold for over £250,000
The Buyer’s Fee is subject always to a minimum of £6,000 (including VAT). The Buyer’s Fee does not contribute to the purchase price and will be considered as part of the chargeable consideration for the property in the calculation of stamp duty liability.
Deposit
On exchange of contracts, you must pay a non-refundable deposit equal to 5% of the actual purchase price of the property, subject to a minimum of £5,000. The deposit contributes towards the purchase price.
Payment Method (0 x 0)
When you register to bid, you will be prompted to provide your payment details to sdl Property Auctions. In the event that you are the winning bidder, your card will automatically be charged a proportion of the Buyer’s Fee & Deposit. The payment will be calculated based on the guide price of the property, in line with the fee scale described above. Where the actual purchase price is higher than the guide price, you will be required to pay the difference immediately after the end of the auction, which can be paid by debit card or bank transfer. Payment by cash or cheque will not be accepted.
Payment Method Continued
Example: You win the bid on a property with a guide price of £150,000, but the actual purchase price is £170,000. At this point your bid is successful you will be charged as follows: Buyer’s Fee of £7,200- 4.8% of guide price Deposit of £7,500- 5% of the guide price As the actual purchase price amounted to £170,000, after the auction, you will be required to pay the following additional amounts on top of the initial payment: £960 for Buyer’s Fee shortfall (£8160 due as 4.8% of actual purchase price) £1,000 for Deposit shortfall (£8500 due as 5% of actual purchase price)
Legal Pack
This is the collection of legal documents that apply to the sale. The documents will include but are not limited to Special Conditions of Sale, Land Registry title documents and EPC. To view the legal pack first search for the property on sdl Auctions website and click the property to view the property details. There will be a sub-heading "Legal Documents". You will be prompted to "Log in to view the legal documents". You will then be directed to create an account with Auction Passport to view the documents. The legal pack can change at any time up to the auction starts so you must check for a most recent version of the legal pack. At the point of placing your bid you are deemed to have read the legal pack in its entirety including any changes. Failure to check for changes to the legal pack will not be a valid reason for withdrawing. It is strongly recommended that you instruct a qualified professional to review the legal pack and raise enquiries before bidding.
Special Conditions Of Sale
The property is sold subject to any Special Conditions of Sale. These are contractual conditions that are included by the seller of the property - they are not part of sdl Auctions' terms and conditions. The Special Conditions of Sale are legally binding. You are taken to have read and accepted these at the point of bidding, even if you have not done so. The Special Conditions of Sale are available to read in the legal pack.
Registration Process
To register to bid on the property, search for the lot on sdl Auctions' website. Click onto the property, follow the link to "Log in/register to bid", and you will then be directed to create an account with the online-bidding platform provider, eig.
For sale by Unconditional Online Auction | Three Bedrooms | Lounge | Dining Kitchen | Bathroom | Potential £425 Pcm Return | No Chain | EPC: C | Council Tax Band: A
Entrance Hall (0 x 0)
Incorporating an external door, stairs to the first floor landing and an internal door to the lounge.
Lounge (3.71 x 3.93)
Situated at the front of the property the lounge features a double glazed window, a door to the dining kitchen
and an open fireplace.
Dining Kitchen (3.71 x 4.77)
Nestled to the rear of the residence the kitchen features an array of wall and floor cabinets and laminated work surfaces integrating a stainless steel sink and drainer unit complete with mixer tap fitments set beneath a window which overlooks the rear enclosed courtyard. Further accompaniments include a concealed gas boiler, an electric cooker point, plumbing for an automatic washing machine and a further door leading into the rear hallway.
Rear Hall (0 x 0)
The rear hall features a double glazed external door to the rear courtyard and internal access to the bathroom.
Bathroom (1.81 x 2.17)
The bathroom includes a double glazed window to the courtyard and features a white suite comprising of a panel bath complete with shower mixer tap fitments, a low level Wc and a pedestal hand wash basin.
First Floor Landing (0 x 0)
The landing offers access into the three double bedrooms.
Master Bedroom (3.77 x 4.34)
The master bedroom provides elevated views over the front elevation through double glazed windows and two useful storage cupboards.
Second Bedroom (2.21 x 3.33)
Set to the rear of the home this double bedroom includes a double glazed window overlooking the enclosed courtyard.
Third Bedroom (2.45 x 2.6)
The third bedroom located to the rear of the property features a double glazed window.
External (0 x 0)
The enclosed walled rear courtyard is set upon a predominantly south facing aspect accessed via the door from the rear hallway.
Terms
Tenure: Freehold
Auction Method:
The auction for this property will be conducted online through our online-bidding platform. This is a “Timed Auction”, so there are no other lots being sold alongside this property.
The timeslot for the auction is displayed on sdl Property Auctions’ website. To view this, search for the property on their website. Then click onto the property to view the property details. The time remaining to bid and end date of the auction is displayed on the page.
You are required to undertake identity checks before you can be authorised to bid. You must also provide your payment details. If you do not provide this information, your registration will not be processed.
When you place your bid, you are deemed to have agreed to sdl Property Auctions’ Buyers Terms (England & Wales) which are available on sdl Property Auctions website.
Auction Type- Unconditional With Variable Fee:
If you are the highest bidder, you must exchange legally binding contracts for the sale when the auction for the property comes to an end. You must then pay the applicable fees and deposit. You must complete the sale within 15 business days unless the Special Conditions of Sale contained within the Legal Pack state otherwise.
Auction Fees
The following non-refundable fees apply: Buyer’s Fee- payable on exchange of contracts. This is calculated as a percentage of the actual purchase price of the property. Either: (a) 4.8% (including VAT) of the purchase price, for properties up to and including £250,000 (b) 3.6% (including VAT) of the purchase price for properties sold for over £250,000
The Buyer’s Fee is subject always to a minimum of £6,000 (including VAT). The Buyer’s Fee does not contribute to the purchase price and will be considered as part of the chargeable consideration for the property in the calculation of stamp duty liability.
Deposit
On exchange of contracts, you must pay a non-refundable deposit equal to 5% of the actual purchase price of the property, subject to a minimum of £5,000. The deposit contributes towards the purchase price.
Payment Method (0 x 0)
When you register to bid, you will be prompted to provide your payment details to sdl Property Auctions. In the event that you are the winning bidder, your card will automatically be charged a proportion of the Buyer’s Fee & Deposit. The payment will be calculated based on the guide price of the property, in line with the fee scale described above. Where the actual purchase price is higher than the guide price, you will be required to pay the difference immediately after the end of the auction, which can be paid by debit card or bank transfer. Payment by cash or cheque will not be accepted.
Payment Method Continued
Example: You win the bid on a property with a guide price of £150,000, but the actual purchase price is £170,000. At this point your bid is successful you will be charged as follows: Buyer’s Fee of £7,200- 4.8% of guide price Deposit of £7,500- 5% of the guide price As the actual purchase price amounted to £170,000, after the auction, you will be required to pay the following additional amounts on top of the initial payment: £960 for Buyer’s Fee shortfall (£8160 due as 4.8% of actual purchase price) £1,000 for Deposit shortfall (£8500 due as 5% of actual purchase price)
Legal Pack
This is the collection of legal documents that apply to the sale. The documents will include but are not limited to Special Conditions of Sale, Land Registry title documents and EPC. To view the legal pack first search for the property on sdl Auctions website and click the property to view the property details. There will be a sub-heading "Legal Documents". You will be prompted to "Log in to view the legal documents". You will then be directed to create an account with Auction Passport to view the documents. The legal pack can change at any time up to the auction starts so you must check for a most recent version of the legal pack. At the point of placing your bid you are deemed to have read the legal pack in its entirety including any changes. Failure to check for changes to the legal pack will not be a valid reason for withdrawing. It is strongly recommended that you instruct a qualified professional to review the legal pack and raise enquiries before bidding.
Special Conditions Of Sale
The property is sold subject to any Special Conditions of Sale. These are contractual conditions that are included by the seller of the property - they are not part of sdl Auctions' terms and conditions. The Special Conditions of Sale are legally binding. You are taken to have read and accepted these at the point of bidding, even if you have not done so. The Special Conditions of Sale are available to read in the legal pack.
Registration Process
To register to bid on the property, search for the lot on sdl Auctions' website. Click onto the property, follow the link to "Log in/register to bid", and you will then be directed to create an account with the online-bidding platform provider, eig.
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