• For Sale by Modern Auction +
• Subject to Reserve Price +
• Buyers Fees Apply +
• T & C’s Apply +
• Ground Floor Flat +
• Two Bedrooms +
• Garage +
• Local Facilities +
• Transport Links +
• Council Tax Band: A +

For sale by Modern Method of Auction: Starting Bid Price £125,000 plus Reservation Fee

This property is for sale by The Great North Property Auction powered by iam-sold.

Situated on the ever-desirable Drummond Terrace in North Shields, Jan Forster Estates welcome to the sale market this two-bedroom, ground floor flat. The property is vacant and in need of renovation.

The accommodation briefly comprises: entrance hallway, lounge with direct access to the kitchen, which in turn connects to the bathroom and a separate WC. There are also two good-sized bedrooms. Externally, the property benefits from a garage and a private yard.

The location is particularly well-suited for families. Excellent local schools are within easy reach, and the property is just a short walk from Northumberland Park and other green spaces. For those who enjoy the coast, the vibrant seafront and beaches of Tynemouth and Cullercoats are also nearby, offering a perfect balance between town and coastal living. Regular transport links, including the metro service, offer direct access to Newcastle city centre.

For more information and to book a viewing, please, call our sales office on .

Tenure
The agent understands the property to be Leasehold - a new Tyneside lease of 999 years is being created. However, this should be confirmed with a licensed legal representative.

Council Tax Band: A

Lounge - 3.88m x 3.93m (12'9" x 12'11") -

Kitchen - 2.69m x 2.09m (8'10" x 6'10") -

Bedroom One - 4.63m x 3.93m (15'2" x 12'11") -

Bedroom Two - 3.88m x 2.32m (12'9" x 7'7") -

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.