Biscop Crescent, Newton Aycliffe, DL55PU

Current Bid £50,000
Time Left 34d 16h 02m 00s

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  • Overview
  • Particulars
  • Request Details
  • Agent Details
  • Fees & Charges

Property Overview

Conveniently located close to Newton Aycliffe town centre, this spacious mid terraced house is offered for sale by the modern day method of auction and provides family sized accommodation comprising: Lounge, Kitchen/Dining Room, Conservatory, 2/3 Bedrooms, Bathroom with Modern Suite in White, Block Paved Forecourt, Garden to rear with Outbuilding. The property would suit the investor or developer due to the need for extensive refurbishment, this being reflected in the guide price, it is therefore recommended for early internal inspection.

Starting Bid and Reserve Price

*Please note this property is subject to an undisclosed reserve price which is generally no more than 10% in excess of the starting bid, both the starting bid and reserve price can be subject to change. Terms and conditions apply to the Modern Method of Auction, which is powered by IAM Sold.

Auctioneer's Comments

This property is for sale by the Modern Method of Auction which is not to be confused with traditional auction. The Modern Method of Auction is a flexible buyer friendly method of purchase. We do not require the purchaser to exchange contracts immediately, however from the date the Draft Contract is received by the buyers solicitor, the buyer is given 56 days in which to complete the transaction, with the aim being to exchange contracts within the first 28 days. Allowing the additional time to exchange on the property means interested parties can proceed with traditional residential finance. Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to make payment of a non-refundable Reservation Fee of 4.2% to a minimum of £6,000.00 including VAT 4.2% of the final agreed sale price including VAT. This is subject to a minimum payment of £6,000.00 including VAT. which secures the transaction and takes the property off the market. Fees paid to the Auctioneer may be considered as part of the chargeable consideration for the property and be included in the calculation for stamp duty liability. Further clarification on this must be sought from your legal representative. The buyer will be required to sign an Acknowledgement of Reservation form to confirm acceptance of terms prior to solicitors being instructed. Copies of the Reservation from and all terms and conditions can be found in the Buyer Information Pack which can be downloaded for free from the auction section of our website or requested from our Auction Department. Please note this property is subject to an undisclosed reserve price which is generally no more than 10% in excess of the Starting Bid, both the Starting Bid and reserve price can be subject to change. Terms and conditions apply to the Modern Method of Auction, which is operated by Great North Property Auction powered by IAM Sold. Reservation Fee is in addition to the final negotiated selling price.

Energy Performance Certificate (EPCs)

Energy Performance Certificates (EPCs) give information on how to make your home more energy efficient and reduce your energy costs. All homes bought, sold or rented require an EPC. EPCs carry ratings that compare the current energy efficiency and estimated costs of energy use with potential figures that your home could achieve. Potential figures are calculated by estimating what the energy efficiency and energy costs could be if energy saving measures were put in place. The rating measures the energy efficiency of your home using a grade from ‘A’ to ‘G’. An ‘A’ rating is the most efficient, while ‘G’ is the least efficient. The average efficiency grade to date is ‘D’. All homes are measured using the same calculations, so you can compare the energy efficiency of different properties.

Property Particulars

ENTRANCE Via a UPVC door with decorative double glazed inset panel into: KITCHEN/DINING ROOM 15' 02'' x 15' 01'' Upvc framed double glazed window, stairs to the first floor, radiator. The kitchen is fitted with a range of base & wall units finished in white with contrasting heat resistant work surfaces, one & a half bowl, stainless steel sink with mixer tap, plumbing for an automatic washing machine, space for a cooker, glazed tiling to splash areas, Upvc framed double glazed window, laminate flooring, Upvc door with double glazed inset panel into: UTILITY 7' 10'' x 7' 11'' Upvc door with double glazed inset panel to rear, Upvc framed double glazed window LOUNGE 15' 09'' x 9' 06'' Upvc framed double glzed window, radiator, laminate wood flooring, Upvc framed double glazed French doors into: CONSERVATORY 9' 05'' x 8' 00'' Built on a brick base with pitched acryllic roof, Upvc framed double glazed windows to three sides, Upvc door to rear FIRST FLOOR LANDING With access to loft, storage cupboard housing a gas fired combi boiler BEDROOM 1 10' 07'' x 12' 03'' Upvc framed double glazed window, radiator BEDROOM 2 10' 00'' x 7' 04'' A double bedroom has been sub-divided to create two spaces having a double glazed window, radiator, access into: BEDROOM 3 7' 05'' x 9' 06'' Created by conversion of a double bedroom with double glazed window, radiator, built-in wardrobe BATHROOM 9' 09'' x 4' 11'' Fitted with a white three piece suite comprising: free standing claw-foot bath, pedestal hand wash basin, wc, glazed tiling to splash areas, Upvc framed double glazed window, radiator EXTERNALLY There is a block built outbuilding positioned to the rear with an up & over door & access to a further side room.

Request full details for this property

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Dowen Estate Agency

Local Branch: 41 Front Street, Sedgefield, TS21 3AT
Head Office: 6 Jubilee House, Hartlepool, TS26 9EN

Fees & Charges Explained

This property is sold subject to payment of a non-refundable reservation fee of 4.2% to a minimum of £6,000.00 including VAT.

Any successful purchaser will pay this to secure the sale. The reservation fee is in addition to the purchase price. Please take this into account when bidding.

A reservation fee is payable by the buyer only when the seller pays no fees to sell. As sellers pay no fees to sell, this is usually taken into account with a lower reserve price.

This property is being sold under the Modern Method of Auction, which requires the completion of the purchase to be within 56 days, although all reasonable endeavours must be made to exchange contracts within 28 days following the Draft Contract being received by the Buyer's Solicitor.

A non-refundable Reservation fee must be paid by the buyer within 2 hours following the conclusion of the auction or acceptance of an offer. This must be paid by cleared funds to the auctioneer who will issue an acknowledgement of reservation and purchase agreement In the 28 day period following the auction or the date of acceptance of the offer.

Buyer Information Pack

If the Buyer Information Pack has been produced and provided by IAM Sold any successful purchaser will be required to pay £200.00 (including VAT) towards the cost of the preparation of the pack. These can then be used by your solicitor to progress the sale.

Buyer Fees

There are no other fees or charges payable to the Auctioneer however, there are other costs to consider such as:

  • You will need a Solicitor to act for you during the conveyancing and your Solicitor will advise you in relation to the associated costs. If you do not have a Solicitor, we can recommend the services of one of our Panel Solicitors who are all selected for their expertise in Auction Transactions. Please call the number below for more information.
  • Stamp Duty Land Tax (SDLT) is applicable if you buy a property or land over a certain price in England, Wales or Northern Ireland. Please click here for more information.

Need More Information?

For further information or to speak to one of our team, please call 0191 239 0802.


These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person in this firms employment has the authority to make or give any representation or warranty in respect of the property.