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RABY TERRACE, CHILTON

Under Offer

£14,000

2 Bedrooms

Overview
Location
Street View
Particulars
Gallery
EPC

Property Features

A TWO BEDROOM mid terrace property which is currently let at a rent of £300 per calender month. The property is located in the village of Chilton which is located 9 miles south of Durham City and 3 miles from the A1m giving access to Newcastle, Darlington and beyond. The accommodation is warmed by a GAS COMBI BOILER and briefly comprises; entrance hall, lounge and kitchen to the ground floor. At first floor level are the two bedrooms and a bathroom. Externally is an enclosed yard to the rear. The property has a 999 year lease, created in January 2020, with a ground rent of £500 per annum being payable.
  • EPC RATING D
  • T & C'S APPLY
  • SUBJECT TO A RESEVE PRICE
  • BUYER'S FEES PAYABLE
  • MODERN METHOD OF AUCTION
  • INVESTEMENT OPPORTUNITY
  • YARD AREA

Particulars

GROUND FLOOR ACCOMMODATION

Lounge and Kitchen

FIRST FLOOR ACCOMMODATION

Two Bedrooms and a Bathroom.

EXTERNALLY

Yard to the rear.

FURTHER INFORMATION

The property is let with the tenant signing a 6 month agreement in July 2020. We have been informed that they wish to remain in the property beyond the end of this lease. The rent is £300 per calendar month.

TENURE

The property is leasehold on a 999 year lease which commenced in January 2020. The ground rent is £500 per annum.

AUCTION INFORMATION

This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold Limited. This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor. This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey). The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.2% of the purchase price including VAT, subject to a minimum of £6,000.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded. This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack. The buyer will also make payment of £300 including VAT towards the preparation cost of the pack, where it has been provided by iamsold. The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.

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51 High Street,
Spennymoor
DL16 6BB

01388 819900

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