West Chilton Terrace, Chilton, Ferryhill, Durham, DL17
18 West Chilton Terrace, Ferryhill, United Kingdom | Ref: 470_212218
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Features
- 18% Gross Yield
- Mid-Terraced
- Gas Central Heating
- Double Glazing
- Rear Courtyard
- Two Bedrooms
- In Need Of Refurbishment
- Tenant currently paying £430 p/month
- This property is for sale by the Modern Method of Auction
Property Details
Auctioneer Comments
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 (for standard Grade 1 properties). 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.
Located in Ferryhill In County Durham, the property is close to all local amenities, including schools, local supermarkets and public transport routes.
The property is ideal for investors, to be purchased with current long-term sitting tenant on a standard AST.
Property Comprises of a large living room/diner and kitchen on the Ground Floor, with two spacious bedrooms and family bathroom to the first floor with an outside rear courtyard garden and on-street parking to the front.
Are you buying for investment? Speak to us about our fixed term management packages.
Are you looking to carry out refurbishment work? Speak to us about our Property Services division, we can carry out all building and refurbishment works.
Sell your Teesside Property with a Local Business and pay NO upfront fees and only £995 once SOLD on completion.
Ref
470_212218
Price
£28,000
Status
Available
Property Type
House
Beds
2
Bath
1
