Unsold. Please refer to Auctioneer for Reserve.

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BY ORDER OF THE MORTGAGEES IN POSSESSION

A freehold site comprising a 3 bedroom end terrace house requiring refurbishment and a plot with consent for a new 4 bedroom dwelling

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Description/Location

The house provides spacious accommodation but requires refurbishment throughout, ideal for occupation or rental investment. We estimate the rental value post refurbishment will be £425 pcm. Planning granted by Durham County Council Ref. 6/2008/0368/DM and extended on 31/01/2012 Ref. 6/2011/0429/DM.

Tenure

Freehold

Local Authority

Durham County Council

Viewing

Network Auctions - 020 7871 0420

Accommodation

Ground Floor:3 reception rooms, kitchen. First Floor: 3 bedrooms, bathroom. Outside:Large garden. New Dwelling Ground Floor: Hall and cloakroom, 2 reception rooms, kitchen, den and utility room. First Floor: 4 bedrooms and 3 bathrooms. Outside: Garden and parking for 2 cars. First Floor: 3 bedrooms, bathroom. Outside: Garden.

Rent

Estimated Rental Value: £5100 pa

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*Guide Price & Reserves

Generally speaking Guide Prices are provided as an indication of each seller’s minimum expectation. 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.

The “Important Notes For Auction Buyers” at the front of the catalogue includes a definition of “Guide Price & Reserve Price”. All properties are subject to a purchaser’s administration fee of £1,500 + VAT unless otherwise stated in the addendum (£420 inc VAT for lots with guide prices up to £3,000). If the purchaser is liable for any further costs these will be stated within the Special Conditions of the legal pack, that have been produced by the seller’s lawyer, a copy of which can be downloaded from our website.