Copley Bent, Butterknowle, Bishop Auckland

£49,950

Guide price

  • Bedrooms: 3
Offered for sale by Modern Method of Auction; Starting Bid Price £49,950 plus Reservation Fee. The property is in need of fully refurbishment, however has the benefit of being recently stripped of all fixtures and fittings and has recently been tanked and re-plastered throughout. It has also had new electrics in February 2019. This property will be ideal for the investor of someone looking for a blank canvas to put their own touches into their new home. Buyers are advised that lending will be limited on this property due to the lack or the kitchen and bathroom, therefore should make their own inquiries. This property is for sale by the Great North Property Auction powered by IAM Sold Ltd.

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. 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 4.2% Inc. VAT subject to a minimum of £6,000 Inc. VAT which secures the transaction and takes the property off the market. The buyer will be required to sign an Acknowledgment of Reservation form to confirm acceptance of terms prior to solicitors being instructed. Copies of the Reservation form and all terms and conditions can be found in the Legal Pack which can be downloaded for free from the auction section of our website or requested from our Auction Department.

Please note this property is subject to an undisclosed Reserve Price which is generally no more than 10% in excess of the Starting Bid. Both the Starting Bid and Reserve Price can be subject to change. Terms and conditions apply to the Modern Method of Auction, which is operated by The Great North Property Auction powered by iam-sold Ltd.

Marketed by Arrange viewing 01325 787674

Nick & Gordon Carver - Darlington

14 Duke Street, Darlington, County Durham

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