1 bedroom apartment for sale

ONE BEDROOM | SECOND FLOOR FLAT | NO ONWARD CHAIN

For sale by Modern Method of Auction: Starting Bid Price £40,000 plus Reservation Fee
This property is for sale by The Great North Property Auction powered by iam-sold.

A spacious and much improved one bedroom second floor apartment with spacious kitchen and resident parking, in a popular residential area of Fawdon near Gosforth. Offered for sale with the benefit of no onward chain,

The property would make an ideal purchase for the first time buyer, down-sizer, or investor alike and is located within easy reach of many local amenities including schools, shops, supermarkets, Metro line, and superb A1 Motorway access. You can be at the Metrocentre in approximately 15 minutes and Gosforth High street in 10.

Internally the property briefly comprises:- bright and airy lounge, modern kitchen with fitted wall and floor units, one double bedroom, and a three piece bathroom with a shower over the bath. Externally there is resident parking available.

Please call our Gosforth sales team on[use Contact Agent Button] for more information and to book a viewing.

Tenure
The agent understands the property to be leasehold. However, this should be confirmed with a licenced legal representative.

COVID-19 Guidelines
Although it is not mandatory, we do recommend that viewers wear appropriate PPE to protect themselves and others.

Council Tax band *A*.

Auctioneer's 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.
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 4.5% 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 £300.00 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.
Referral Arrangements
The Partner Agent and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted.
Where services are accepted the Auctioneer or Partner Agent may receive payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you.