3 bedroom terraced house for sale

The Property
Being Sold by GOTO Online Auction
Starting Bids from £85,000
Buy It Now option available

This property is offered for sale via the Online Modern Method of Auction, a flexible and buyer-friendly way to purchase. Buyers have 56 working days to exchange and complete from receipt of the draft contract, or 10 working days after payment of the Buyer’s Premium, whichever is earlier. This timescale allows buyers to proceed with traditional residential finance.

Three bedroom terraced home on Princes Road, Middlesbrough, offering a ready made investment opportunity with tenants in situ and achieving £560 PCM. Set in a well established residential area close to local shops, schools and transport links, the property is also within easy reach of Middlesbrough town centre and major road connections including the A66 and A19.

The ground floor features an entrance hall leading to a bright bay fronted lounge and a galley style kitchen with access to the ground floor bathroom. Upstairs, the first floor offers two well proportioned double bedrooms and a family bathroom, while the second floor provides a further bedroom, creating flexible living space. Externally, there is a low maintenance enclosed rear yard.

If the auction is successful, or the vendor accepts an offer during the auction, the buyer will be required to pay a non-refundable Buyer’s Premium, securing the property and removing it from the market. Buyers must agree to the auction terms and conditions before solicitors are instructed. Full details are available on the GOTO Auctions website or via Purplebricks.

Please note the property is subject to an undisclosed Reserve Price, typically no more than 10% above the Starting Bid. Prices are subject to change.

To book a viewing, visit Purplebricks.

General Information
A Buyer’s Premium of 3.6% of the purchase price plus VAT applies (minimum £6,600 plus VAT), along with a Legal Pack fee of £396 including VAT. These fees are payable in addition to the purchase price and may be considered for Stamp Duty Land Tax calculations. Buyers should seek advice from their legal representative.

General Information – Auctioneer’s Comments

The Modern Method of Auction does not require exchange on the fall of the hammer. Instead, buyers are given time to complete the transaction, allowing for mortgage arrangements. The Buyer’s Premium secures the property during the Reservation Period. All terms, conditions and the Reservation Form are available within the Legal Pack.

Material Information

Information provided by the vendor, agent and GOTO Group may not be fully verified. Buyers should refer to the Legal Pack, available once registered, and carry out their own due diligence before proceeding.

Property Description Disclaimer

This is a general description of the property only, and is not intended to constitute part of an offer or contract. It has been verified by the seller(s), unless marked as 'draft'. Purplebricks conducts some valuations online and some of our customers prepare their own property descriptions, so if you decide to proceed with a viewing or an offer, please note this information may have been provided solely by the vendor, and we may not have been able to visit the property to confirm it. If you require clarification on any point then please contact us, especially if you’re traveling some distance to view. All information should be checked by your solicitor prior to exchange of contracts.

Successful buyers will be required to complete anti-money laundering and proof of funds checks. Our partner, Lifetime Legal Limited, will carry out the initial checks on our behalf. The current non-refundable cost is £80 inc. VAT per offer. You’ll need to pay this to Lifetime Legal and complete all checks before we can issue a memorandum of sale. The cost includes obtaining relevant data and any manual checks and monitoring which might be required, and includes a range of benefits. Purplebricks will receive some of the fee taken by Lifetime Legal to compensate for its role in providing these checks.