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For sale by Modern Method of Auction: Starting Bid Price £145,000 plus Reservation Fee
This property is for sale by The Great North Property Auction powered by iam-sold.

Offered for sale with no upper chain this well presented spacious ground floor apartment is sure to impress. Situated within the popular Ochre Yards development the property will appeal to a variety of buyers. Close to excellent transport links into Newcastle City centre and close to all local amenities, early viewings come highly recommended.

Briefly comprising; communal entrance with secure intercom entry system; hallway; spacious open plan lounge-kitchen with fitted units and built-in appliances and door leading to a balcony; two bedrooms, bedroom one with en-suite and both with doors opening on to front terrace. There is also a contemporary bathroom with tiled and mirrored walls and a shower over the bath. The property further benefits from double glazing, electric heating, built in entertainment system, communal courtyard to the rear and secure underground parking for two cars accessed via a lift.

For more information and to book a viewing, please call our Low Fell branch on[use Contact Agent Button].

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 *C*

Lounge/ Kitchen - 7.98 x 3.81 (26'2" x 12'5") -

Bedroom One - 3.53 x 4.89 (11'6" x 16'0") -

Bedroom Two - 3.87 x 3.34 (12'8" x 10'11") -

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 4.2% 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 £300.00 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.