Lot 3 - 181 Kimblesworth Walk, Newton Aycliffe, County Durham, DL5 4QT
- Unconditional Online Auction Sale
- Guide Price* : £50,000
- Bedrooms: 2
- Bathrooms: 1
- Reception Rooms: 1
Description
Moovd Online Property Auctions offer For Sale via Option A – Unconditional Online Auction on 29thMay 2025 this two-bedroom duplex flat.
The accommodation is sold with a sitting tenant in place, paying £492 PCM on a Mears contract over 5 years, which started in September 2024. Therefore, the yield is returning 11.80% on the advertised Guide Price and a provides an exciting readymade BTL investment.
The layout briefly comprises communal entrance with staircase to flat door, hallway with staircase to first floor, lounge diner and fitted kitchen. To first floor are two double bedrooms, landing, separate WC and bathroom.
EPC rating C.
N.B - Photos and VT were taken in February 2024.
For more information, please contact Moovd directly.
Hall -
Lounge Diner - 6.11m x 3.24m (20'0" x 10'7") -
Kitchen - 3.09m x 2.72m (10'1" x 8'11") -
Landing -
Landing -
Bedroom 1 - 3.35m x 3.34m (10'11" x 10'11") -
Bedroom 2 - 3.30m x 2.75m (10'9" x 9'0") -
Bathroom -
Wc -
Externally - Communal entrance via security door.
Moovd may work in partnership with marketing agents on our Online Auction Lots and act as 'The Auctioneer', throughout the sale process.
Option A - Online Unconditional Auction:
The above property is offered for sale by Online Unconditional Auction (Traditional auction). With this method of sale, both seller and buyer are required to complete the transaction, within the timeframe stated in the General Conditions and Special Conditions of Sale. It is Moovd’s policy that all buyers are without fail AML checked at point of Registration. The buyer is then required to make a NON- REFUNDABLE Administration Fee payment amounting to £3,000.00 Inc VAT (£2,500 + VAT) (This fee IS PAID in addition to the purchase price and will be chargeable and calculated towards stamp duty). A deposit payment amounting to 10% of the purchase price (or a minimum of £5,000) is also required from the successful buyer. The seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the Special Conditions of Sale. Buyers are deemed to bid in full knowledge of this.
Council Tax Band
A
Lease Start Date
15/12/1997
Lease Duration
125 years (97 years unexpired)
Annual Ground Rent
£10
Annual Service Charge
£1,024
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
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Agreement Documents
- Option A - Moovd General Terms & Conditions – Online Unconditional Auction
- Option A - Moovd Amendments to Common Auction Conditions – Online Unconditional Auction
- Option A - Moovd Common Auction Conditions– Online Unconditional Auction
Additional Documents
Related Documents
Virtual Tour
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