INVESTMENT OPPORTUNITY - TWO-BEDROOM TERRACE

Coming to auction, this two-bedroom terraced house in Ferryhill offers up a solid investment opportunity. Just a short distance from the town centre, and with easy access to the A167 road between Durham City and Darlington, the property comprises in brief: to the ground floor, a spacious opened-up living room and dining room taking you through to the kitchen and bathroom; meanwhile, upstairs, there are two generous double bedrooms. Gas central heating and upvc windows throughout. Requiring some modernisation, but with a guide price to suit, viewing of this property is strongly recommended. This property is in a selective licensing area - details of the scheme can be found on the Durham County Council website. We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. We ask all parties to complete full due-diligence on any auction property by reading a full pack prior to bidding. Come auction day (September 9th), you must be in a position to legally exchange contracts at the fall of the gavel, a 10% deposit (£5,000 min) is required and completion is set for 28 days later. You must be registered to bid. Please note that previous purchases, interest or registration through the Auction House Brand are not valid for a forthcoming auction and therefore you MUST register your interest with the office on 01642 931060. Please also note that holding an EI group account will not give you bidding authorisation. This authorisation can only be granted via the Tees Valley branch once all forms, documentation and completed ID checks have been received at teesvalley@auctionhouse.co.uk. For any further assistance, please do not hesitate to contact us in the office.

Tenure

Freehold

GROUND FLOOR

Living Room 4.74m x 3.43m Dining Room 4.31m x 3.22m Kitchen 3.62m x 1.95m Bathroom 2.14m x 1.96m

FIRST FLOOR

Bedroom One 4.80m x 3.31m Bedroom Two 4.32m x 3.24m

AUCTIONEER'S NOTES

Property construction – Standard Electricity supply – Mains Water supply – Mains Sewerage – Mains Heating – Gas Broadband - Standard Speed – 9 mbps Mobile signal / coverage –O2/ Vodafone – Very Good/Three/EE – Good Parking – On Street Building Safety – See Legal Pack Restrictions –-- Yes - See Legal Pack Rights and easements - See Legal Pack Flood risk – Very Low Coastal erosion – Very Low Planning permission – See Legal Pack – Last FENSA work 10/05/2004 Accessibility / adaptions – See Legal Pack Coalfield or mining area - See Legal Pack

Auction Fees

An admin fee of £1800 inc VAT(£1500 +VAT) and a buyers premium of 1.8% inc VAT (1.5% + VAT) subject to a minimum of £1200inc VAT (£1000 +VAT)

Services

Interested parties are invited to make their own enquiries to the relevant authorities as to the availability of the services.

Local Authority

Durham County Council

Solicitors

HNW Law, Suite 17, Ref: HNW Law, Tel: 01642 050800

Additional Fees

Buyer's Premium - 1.8% inc VAT of the purchase price, subject to a minimum of £1200 inc VAT, payable on exchange of contracts.

Administration Charge - £1800 inc VAT payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.