5 Garden Street, Newfield, Bishop Auckland, County Durham, DL14 8BL
- Unconditional Online Sale
- Bedrooms: 2
- Bathrooms: 1
- Reception Rooms: 1
Description
Moovd Online Property Auctions are delighted to offer to the market via Option A – Unconditional Online Auction, with a BUY IT NOW PRICE of £29,500 + Fees (£4,404 Inc VAT) this vacant two-bedroom mid terrace.
The layout briefly comprises porch, lounge and kitchen to ground floor with landing, two bedrooms and a bathroom to first floor. Externally is a rear yard and front garden.
The property is sold with immediate vacant possession and does require cosmetic updating to allow it to be rentable. It could achieve in the region of £450 PCM or £5,400 per annum, returning a yield of 18.31% on the advertised BUY IT NOW PRICE.
EPC rating E.
For more information, please contact Moovd directly.
Porch -
Lounge - 4.84m x 4.57m (15'10" x 14'11") -
Kitchen - 3.87m x 3.57m (12'8" x 11'8") -
Landing -
Bedroom 1 - 4.65m x 4.03m (15'3" x 13'2") -
Bedroom 2 - 4.47m x 2.19m (14'7" x 7'2") -
Bathroom -
Externally -
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
* 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
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