*** AUCTION PROPERTY *** For sale by Modern Method of Auction, Starting Bid Price £70,000 plus Reservation Fee.
NO UPPER CHAIN and FABULOUS POTENTIAL are on offer with this SPACIOUS, sell-contained, GROUND FLOOR FLAT that enjoys an excellent location CLOSE TO HIGHLY REGARDED LOCAL SCHOOLS, SHOPPING and EXTENSIVE TRANSPORT LINKS to Tyneside centres. Although requiring REFURBISHMENT it will be of appeal to a VARIETY OF BUYERS be they be FIRST TIME BUYER, 'BUY TO LIVE IN' or INVESTORS.
The property does have gas central heating and double glazing with the accommodation being a private entrance hall, living room, kitchen, double bedroom, a shower/WC and externally there are gardens to front, side and rear.
The property represents a SUPERB OPPORTUNITY and an EARLY VIEWING is STRONGLY ADVISED.
The property is for sale by The Great North Property Auction powered by iam-sold Ltd, tel: 0845 5193 126, www.gnpa.co.uk.
AUCTION 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 buyer's 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.
NON-REFUNDABLE RESERVATION FEE 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 4.5% subject to a minimum of £6,600 INCLUDING VAT which secures the transaction and takes the property off the market.
ACKNOWLEDGEMENT OF RESERVATION FEE 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 Legal Pack which can be downloaded for free from The Great North Property Auction at: http://www.gnpa.co.uk.
Please note this property is subject to an undisclosed reserve price. Terms and conditions apply to the Modern Method of Auction, which is operated by The Great North Property Auction by iam-sold Ltd.
TO VIEW OR MAKE A BID To arrange a viewing contact Cooke & Co Estate Agents.
To make a bid visit: http://www.gnpa.co.uk.
For more information please tel: 0845 5193126.
Entrance Hall Double glazed door, double glazed window to side and storage cupboard off.
Living Room 12'3" x 12'2" (3.73m x 3.7m). Situated to the front of the property and including radiator, double glazed picture window with fitted blinds, TV point.
Additional Living Room Photo
Kitchen 9'9" x 7'6" (2.97m x 2.29m). Radiator, stainless steel sink unit with drainer, cooker point, plumbing for washing machine, work surfaces, wall and floor storage units, two storage cupboards off, one with combi central heating boiler and door out to rear.
Double Bedroom 11'2" x 10'5" (3.4m x 3.18m). Radiator, built in storage cupboard, double glazed picture window with fitted blinds.
Shower Room/WC 7'11" max x 6'8" (2.41m max x 2.03m). Radiator, shower area, wash basin, low level WC, wall tiling, double glazed window.
External The property has predominantly lawned gardens to front, side and rear and there is also an outside store.
Lease Details We understand the following applies
Leasehold: 125 years from 2015
Ground Rent: £200 p.a.
All prospective purchasers will need to verify this information with their legal advisor.
Agent's Notes We have been informed that North Tyneside Council, as the freeholders, will be undertaking external works due to be carried out in the first quarter of 2025.
The works include:
- New wall ties
- Repointing
- Renewed cavity wall insulation
Other general works identified by North Tyneside Council include:
- Cleaning gully prior to works commencing
- Supply and fitting new rain water downpipes to exciting gutters
- Removing and refitting hopper heads
- Removing and replacing any damaged brickwork
- Power washing pathways and re-instating any disruption to garden with top soil and grass seed.
We have been informed that the current owner of no. 2 Thirlmere Avenue will bear the share of the costs associated with the ownership of no. 2 Thirlmere Avenue.
Council Tax North Tyneside Council Tax Band A
Mortgage Advice A comprehensive mortgage planning service is available via Darren Smith of NMS Financial Limited. For a free initial consultation contact Darren on 0191 2510011.
**Your home may be repossessed if you do not keep up repayments on your mortgage**
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