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5 Lake View, Belmont, BL7 8AT

Lot no: 183 Sold Prior to Auction
 

Guide Price £125,000+ plus fees

ConditionalOn the fall of the hammer, the successful bidder will enter into a reservation agreement with the seller. This agreement confers an exclusivity period of 60-days on the successful bidder, in which to exchange contracts and complete the purchase. The non-refundable Reservation Fee will be payable to us immediately on the fall of the hammer, the amount of which will be stated on the property description. This fee does not contribute to the purchase price. The deposit will be payable later on exchange of contracts via your solicitor. You must make every effort to exchange contracts of sale and complete the purchase within the 60-day exclusivity period, unless the Special Conditions of Sale within the legal pack state otherwise.

Thursday 25th February 2021

10.30am
Key Features
  • Mid Terrace Stone Cottage
  • Lounge with Beamed Ceiling
  • Fitted Kitchen Diner
  • Ground Floor Bathroom
  • EPC Rating: D
  • In Need of Modernisation
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Sold Prior to Auction

Terraced House

Property Description:

Newton & Co are pleased to offer for sale this quaint stone cottage set in a quiet location in Belmont. Accommodation, in need of modernisation, briefly comprises entrance vestibule, lounge, kitchen/ diner and bathroom to ground floor. Rising to the first floor you will find two double bedrooms. Externally the property offers and enclosed rear patio garden.

Vestibule 

Timber door leading into property. Access through to:

Lounge  12' 6'' x 12' 6'' (3.80m x 3.80m)

UPVC window to front elevation. Ceiling light. Beamed ceiling. Radiator. Wall mounted fire.

Kitchen/ Diner  18' 6'' x 12' 6'' (5.65m x 3.80m max)

Fitted with a range of wall and base units. Worktop with stainless steel sink and drainer. Built-in gas oven with 4-ring gas hob above. Plumbed for washing machine. Space for fridge/ freezer. UPVC window to rear elevation. Two ceiling light points. Two radiators. Skylight window. Access to rear lobby. Staircase leading to first floor landing with under stair cupboards. Laminate flooring.

Rear Lobby 

UPVC door leading out onto rear garden. Access through to Bathroom.

Bathroom  9' 8'' x 4' 7'' (2.95m x 1.40m)

Three piece suite comprising w.c, pedestal wash hand basin and panelled bath with shower above. UPVC window to rear elevation. Ceiling light. Radiator.

Landing 

Ceiling light point.

Bedroom One  12' 6'' x 11' 0'' (3.80m x 3.35m to robes)

Double room with fitted wardrobes. UPVC window to front elevation. Ceiling light. Radiator.

Bedroom Two  9' 2'' x 7' 3'' (2.80m x 2.20m)

UPVC window to rear elevation. Ceiling light. Radiator

Rear Garden 

Rear paved enclosed patio garden with gated access to rear and outhouse building.

Tenure:

Leasehold.



Auction Details:
The sale of this property will take place on the stated date by way of Auction Event and is being sold as Conditional with Reservation Fee (England and Wales).

Contracts of sale will not be immediately exchanged. As the successful buyer, you will enter into a 40 business-day exclusivity agreement with the seller, in which to exchange contracts and complete. Please refer to our Auction Conduct Guide for further information on our auction types and sale methods.

All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.

Auction Fees:
The following non- refundable auctioneers fee applies:
• Reservation Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.

The Buyer’s Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.

There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.

Additional Information:
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page.

This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).

Guide Price & Reserve Price
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.