4 bedroom Mid Terrace House for sale

North Shields, Tyne and Wear, NE29

FOR SALE BY MODERN METHOD OF AUCTION, RESERVATION FEES APPLY, GUIDE PRICE OF £190.000

An enticing investment beckons with this period terrace house, poised for development. Located on the charming Frank Place, just a stone's throw away from the vibrant town centre of North Shields. Boasting four spacious bedrooms spread across three floors, it exudes potential for transformation into a modern haven. Its coveted location on a sought-after street adds to its allure, promising both convenience and desirability for prospective buyers.

North Shields boasts a dynamic town centre bustling with life, characterized by an eclectic mix of local shops and amenities. With its convenient metro station providing seamless transportation links to Newcastle and neighbouring coastal towns, accessibility is never an issue. A mere stone's throw away lies the vibrant fish quayside, teeming with charming cafes, inviting restaurants, and cosy pubs, offering residents a taste of cosmopolitan living against the backdrop of maritime charm. Families are drawn to the area by the presence of esteemed schools catering to all ages, from primary to high school levels, ensuring quality education for every stage of life.

The property briefly comprises: Entrance lobby leading to entrance hallway, lounge to the front, dining room, kitchen and ground floor shower room/WC. To the first floor there are two large bedrooms and a bathroom/WC. To the second floor there are a further two bedrooms in the roof space. Externally there is a front garden and to the rear a walled yard.

Freehold
EPC Rating to follow
Council Tax Band B

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. 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 £6,600.00 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.

***PLEASE CONTACT THE AUCTION DEPARTMENT FOR FURTHER DETAILS ON THE ABOVE***

IMPORTANT NOTE TO POTENTIAL PURCHASERS:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are travelling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller.