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26 Heath Street, Chesterton, Newcastle ST5 7PY

Lot no: 69 Re-entry to a future auction
 

Guide Price £95,000+ plus fees

Unconditional with Fixed FeeOn the fall of the hammer, the successful bidder will be legally bound to purchase the property. The successful bidder must immediately exchange contracts and pay the applicable deposit and Buyer’s Fee stated on the property description, both of which are non-refundable. The deposit contributes to the purchase price. The Buyer’s Fee does not contribute to the purchase price. Completion must take place usually within 30 days, unless the Special Conditions of Sale within the legal pack state otherwise.

Thursday 27th October 2022

10.00am
Key Features
  • Two bedroom semi-detached property with parking and garden
  • Side extension
  • Currently let producing £500 per calendar month
  • Two reception rooms plus separate kitchen
  • EPC Rating: D
  • Council Tax Band: A
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Re-entry to a future auction

Semi-detached house

Property Description:

A two bedroomed semi-detached property located in Chesterton benefitting from a substantial side extension and garden along with off street parking.

The property is currently let on an Assured Shorthold Tenancy Agreement since September 2019 at £500 per calendar month on a rolling basis. The deposit has been protected. Interested parties are advised to inspect the legal pack for more information. In our opinion, this poses a low-risk investment opportunity with potential for rent increase to a current market rent.

The accommodation comprises to the ground floor a spacious lounge leading to a second reception room. Beyond this the property has been extended giving a modern fitted kitchen and bathroom. There is separate access to the side of the property.

The first floor comprises two double bedrooms.

Externally there is a garden along with off street parking.

Tenure:

Freehold. Subject to tenancy.




Auction Details

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

Binding contracts of sale will be exchanged at the point of sale.

All sales are subject to SDL Property Auctions’ Buyers Terms.


Auction Deposit and Fees

The following deposits and non- refundable auctioneer’s fee apply:

• 10% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of £1074 inc. 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.

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.


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.