Property Details: - Type: Apartment - Bedrooms: 3 - Bathrooms: 1
Agent: Carvers - Newton Aycliffe Phone: 01325 617853
For sale by Modern Method of Auction: Starting Bid Price £33,000 plus Reservation Fee. Offering a HIGH RENTAL YIELD potential this two-storey maisonette features an entrance hallway, kitchen/dining room and large living room. There is a staircase to the landing which provides access to 3 bedrooms and a family bathroom/WC. Equipped with gas central heating to radiators and uPVC double glazing the property is neutrally decorated throughout and would make an ideal starter home or BTL investment.<br/><br/><b>The Modern Method Of Auction</b> - This property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 56 Day Reservation Period. Interested parties’ personal data will be shared with the Auctioneer (iamsold Ltd). If considering a mortgage, inspect and consider the property carefully with your lender before bidding. A Buyer Information Pack is provided, which you must view before bidding. The buyer is responsible for the Pack fee. For the most recent information on the Buyer Information Pack fee, please contact the iamsold team. The buyer signs a Reservation Agreement and makes payment of a Non-Refundable Reservation Fee of 4.5% of the purchase price inc VAT, subject to a minimum of £6,600 inc. VAT. This Fee is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. The Fee is considered within calculations for stamp duty. Services may be recommended by the Agent/Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £960 inc. VAT. These services are optional.<br/><br/><b>Agents Notes</b> - Tenure:- Leasehold<br/>125, year Lease commencing 2003<br/>Approximately 102, years remaining on existing Lease, (2026)<br/>Ground Rent:- Approximately £10 per annum<br/>Mains gas, (central heating to radiators), electricity & drainage<br/>uPVC double glazing throughout <br/>Council Tax:- Band A<br/>Local Authority:- Durham County Council<br/>We would expect this property to achieve a rent of between £650pcm which equates to a gross rental yield of circa 19% based upon starting bid of £39,999<br/><br/><b>Buyer(S) Identification Checks</b> - Should a purchaser(s) have an offer accepted on a property marketed by Carver Residential they will need to undertake an identification check. This is done to meet our obligation under Anti Money Laundering Regulations (AML) and is a legal requirement. We use a specialist third party service to verify your identity, this is not a credit check and will have no effect on credit history. The cost of these checks is £36 inc. VAT per buyer, which is paid in advance, when an offer is agreed and prior to a sales memorandum being issued. This charge is non-refundable.<br/><br/><b>Property Size</b> - Please note the property size is taken from the Energy Performance Certificate and may not take into account all rooms from the floorplan (due to unheated space not being calculated e.g. conservatory and/or garage)<br/><br/>
