House For Sale £225,000
Grampian Close, Preston Grange

* INVESTMENT OPPORTUNITY *

For sale by Modern Method of Auction: Starting Bid Price £225,000 plus Reservation Fee
This property is for sale by The Great North Property Auction powered by iam-sold.

For the buyer who is looking for a property that they can enhance to their own spec, or perhaps a property speculator looking to invest, this sizeable four bedroom semi-detached house is the one to view. Located on Preston Grange, which is a highly well-regarded and sought-after residential location, the property benefits from access to many essential facilities.

Internally, the house briefly comprises; entrance porch, hall, lounge, open plan kitchen-diner, ground floor snug and storage. On the first floor you have four bedrooms- the main with en-suite facility, and there is also a family bathroom. Externally, there are gardens to the front and rear, along with a drive offering off-street parking.

The location of this property is without doubt extremely central and a fabulous variety of local amenities are within easy reach, including cafes, bars and restaurants. The A1058 Coast Road is close by so you have a direct route to the coast or Newcastle City Centre. There are good links to public transport facilities, including prime bus routes and the Metro service. For the growing family, the house is well-positioned for access to very well-regarded schools.

It is fair to say that the property is in need of improvement. Of course, this has been taken into account at the point of listing. If you see what other properties are selling for on this estate, you will see how the maths works. So, jump in, go and have a viewing and assess the full potential it has to offer.

For more information please call our Tynemouth our sales team on[use Contact Agent Button].

Tenure
The agent understands the property to be freehold. However, this should be confirmed with a licenced legal representative.

Council Tax band *D*.

Living Room - 3.99 x 4.49 (13'1" x 14'8") -

Snug - 4.16 x 3.50 (13'7" x 11'5") -

Main Bedroom - 3.81 x 3.76 (12'5" x 12'4") -

Bedroom Two - 3.37 x 4.12 (11'0" x 13'6") -

Bedroom Three - 2.69 x 3.23 (8'9" x 10'7") -

Bedroom Four - 3.17 x 3.63 (10'4" x 11'10") -

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 4.2% 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.