3 bedroom Terraced bungalow in Consett

12 First Street, Bradley Bungalows, Leadgate, Consett DH8 6JS
  • Lot No: 33
  • Property Type: Terraced bungalow
  • Contract Type: Unconditional with Fixed Fee

Guide Price* £45,000+ plus fees

Result Sold Prior to Auction

Property Description

A mid-terraced bungalow in the village of Leadgate approximately 1.5 miles from Consett and 13 miles from the regional centres of Durham and Newcastle, currently let at £6,579 per annum rising annually by the Retail Price Index +2%.

GROUND FLOOR:

Hall, living room, kitchen, bathroom, three bedrooms.


OUTSIDE:

Fore garden and enclosed rear yard.


OCCUPANCY AGREEMENT:

The property is let under an Occupancy Agreement (commenced 21/03/1993 ) at a contractual rent of £126.53 per week. The Agreement allows for annual increases on 1st April in line with the Retail Prices Index (RPI) plus 2%


AUCTIONEERS NOTE:

The Auctioneers have not inspected the property. The details have been provided by the seller and all interested parties should rely on their own investigations to verify the information provided.


VIEWINGS:

There will be no internal viewings and interested parties are requested not to contact the occupants direct.


Tenure

Freehold

Auction Details: The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Fixed Fee. Binding contracts of sale will be exchanged at the point of sale. All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law. Auction Deposit and Fees: The following deposits and non- refundable auctioneer’s fee apply: • 10% deposit (subject to a minimum of £5,000) • Buyer’s Fee of £1,500 inc. VAT The Buyer’s Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property. There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding. Additional Information: For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page. This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties). Guide Price & Reserve Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.

Auction Details

Date 17th December 2021

Venue National Property Auction
The National Property Auction will be conducted behind closed doors. The auction will be live-streamed online with remote bidding only. Registration for bidding will close at 12pm the day before the auction.

Lot Information

Contact Us

If you have any questions, call our team on 0800 046 5454

Map

12 First Street, Bradley Bungalows, Leadgate, Consett DH8 6JS