01844 355023    

36 Fawdon Lane, NEWCASTLE UPON TYNE, Tyne and Wear, NE3 2AB

  • Conditional Online Auction Sale

THE GOTO GROUP ARE PLEASED TO OFFER FOR SALE VIA ON LINE AUCTION THIS TWO BEDROOM DETACHED BUNGALOW IN FAWDON

Tenure

FREEHOLD

Description

A superb opportunity has arisen to acquire this extensively refurbished detached bungalow, conveniently located within the popular residential area of Fawdon within easy reach of nearby Gosforth. This spacious bungalow was constructed in the 1920's and offers traditional yet contemporary décor throughout finished to a high standard. The internal layout briefly comprises; an entrance vestibule, leading through to the welcoming hallway. A sizable lounge with a feature fireplace and a large bay window offers open access into the dining room, also with a feature fireplace. From the dining room the French doors open onto the extensive rear garden which is mainly laid to lawn with a generous patio area. The modern re-fitted kitchen offers a range of wall, base and drawer units with integrated appliances. A courtesy door provides additional access to the rear garden. There are two generously sized bedrooms, one of which has a bay window and another with French doors. Completing the property is a modern shower room/WC with a three piece fitted suite. Externally, there is a driveway to the front providing off road parking with double opening access gates. The front garden is graveled for low maintenance and enclosed with a brick built wall. To the rear there is an impressive garden. The one hundred and thirty foot long garden has planted borders for additional privacy, as well as a one hundred metre squared patio sitting area, perfect to enjoy in those summer months. Only upon internal inspection can this outstanding home be fully appreciated.

Location
Fawdon is well placed for local schools, shopping facilities and other amenities. Gosforth High Street is within close proximity. There is a local Metro Station within walking distance and a regular bus service. Access to major road networks such as the A1 North and South are easy accessible as well as Newcastle International Airport.

EPC Rating

CURRENT 45/75 POTENTIAL

Opening Bid and Reserve Price

This Property is subject to an undisclosed Reserve Price which in general will not be 10% more than the Opening Bid. The Reserve Price and Opening Bid can be subject to change. The Online Auction terms and conditions apply.

Comments

This property is offered for sale via Online Auction which is a flexible and buyer friendly method of purchase. The purchaser will not be exchanging contracts on the fall of the virtual hammer, but will be given 56 working days in which to exchange and complete the transaction from the date the Draft Contract is issued by the sellers solicitor.

By giving a buyer time to exchange contracts on the property, normal residential finance can be arranged. The Buyer’s Premium 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 give the Auctioneer authority to sign the Reservation Form on their behalf and to confirm acceptance of the Terms and Conditions prior to solicitors being instructed. Copies of the Reservation Form and all Terms and Conditions can be found in the Information Pack which can be downloaded from our website or requested from our Auctioneer.

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 Buyer's Premium of £5,400 including VAT, plus a buyer's administration charge of £354 including VAT, a total of £5,754. This secures the transaction and takes the property off the market. Any additional fees and charges over and above this will be confirmed within the terms and conditions available on the website.

The Buyer's Premium and buyer's administration charge are in addition to the final negotiated selling price.

Buyer's Administration Charge

If the Buyer Information Pack has been produced and provided by GOTO Group any successful purchaser will be required to pay £354.00 (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.

Energy Performance Certificate (EPCs)

An EPC is broadly like the labels provided with domestic appliances such as refrigerators and washing machines. Its purpose is to record how energy efficient a property is as a building. The certificate will provide a rating of the energy efficiency and carbon emissions of a building from A to G, where A is very efficient, and G is inefficient. The data required to allow the calculation of an EPC includes the age and construction of the building, its insulation and heating method. EPCs are produced using standard methods with standard assumptions about energy usage so that the energy efficiency of one building can easily be compared with another building of the same type. The Energy Performance of Buildings Directive (EPBD) requires that all buildings have an EPC when they are marketed for sale or for let, or when houses are newly built. EPCs are valid for 10 years, or until a newer EPC is prepared. During this period the EPC may be made available to buyers or new tenants.

Minimum Opening Bid

£210,000

Set Bid Amount Below

Connecting to server...

Office Contact

Auction Concierge Specialist
01844 355023

Agreement Documents

Legal Documents

Log in to view legal documents

Additional Documents

Related Documents

Share