3 Bedroom Detached House, 5 Lintzford Road, Hamsterley Mill, Rowlands Gill, Tyne & Wear, NE39 1HA

Overview

Hammer Price Homes are delighted to present for sale by online auction this large vacant & chain free, 3 bedroom detached house on a considerable plot, in the highly regarded residential area of Hamsterley Mill. Due to the condition of the property, this auction is open for cash buyers only.

The property briefly comprises: To the ground floor there is an entrance hallway leading to a living room, dining room, snug and kitchen with pantry. To the first floor there are 3 bedrooms (one with a large walk in wardrobe) and a bathroom and separate W.C. There are also two sizeable garages, one with a W.C and store.

Outside there are large mature gardens to the front and rear and also a driveway providing ample off street parking. See photo with rough outlined aerial view and also title plan attached to the deeds available for download on the Hammer Price homes website.

The property offers scope for reconfiguration and or extension, subject to gaining any necessary planning and consents.

The property is in need of significant renovation throughout and due to its condition we feel the property is unmortgageable, therefor this action is open to cash buyers only.

There has not been a structural survey done however the property was viewed by a surveyor who advised that they believe it has been affected by structural movement that has caused extensive cracking externally to the stone work and internally to the decorative finishes. It was their opinion that the movement is ongoing and progressive and appears to be directly related to the presence of substantial conifer trees adjacent to the property. We believe that the property is located in a TPO area and therefore it is possible that the buyer will have to make an application to the relevant authority to have the trees removed, post completion. It is suggested that that remedial works would probably include rebuilding and underpinning.

The property is sold as seen and you will not be able to withdraw from the sale with a return of the reservation fee citing issues around securing lending on the property or for reasons concerning the condition or structure of the property and for any issues concerning the trees and any TPOs that exist. The price reflects the works that are required and the task of having to deal with the process of having the trees removed. We would advise that prospective buyers bring a builder with them to the viewing and take advice prior to bidding.

Viewing is considered essential, so please visit the Hammer Price Homes website, register as a buyer and book your place on to an open day.

Location

The property is located in the popular residential area of Hamsterley Mill, and just a short drive from the amenities on offer in Rowlands Gill. Newcastle City Centre is around a 20 minutes’ drive from here and offers a more extensive range of amenities including a host of bars and restaurants, extensive shopping facilities and a University.

Special Conditions

This auction is open to cash buyers only and the property is sold as seen. You will not be able to withdraw from the sale with a return of the reservation fee citing issues around securing lending on the property or for reasons concerning the condition or structure of the property and for any issues concerning the trees and any TPOs that exist. Any application that is required to the relevant authority to have any trees removed must be made by the successful buyer post completion. The price reflects the works that are required and the task of having to deal with the process of having the trees removed.

Other Information

Tenure – Freehold (Unregistered) The solicitor holds the deeds. The conveyance documents from the deeds is available for download from the hammer price homes website and contain restrictive covenants.

Auction Details

** Open to cash buyers only. 90 days to complete**

Please note that there is a Reservation fee (2.4% Inc. VAT) payable by the buyer on winning the auction. The reservation fee does not constitute part of the sale price, this is the auctioneer’s fee and is to be paid over & above the sale price paid to the Vendor.

To view the property you must register and book on one of the open days as detailed on the website. Please note: Entrance will be refused if you are not on the list so please make sure you book your place using the online system. Open days are being operated on a safe basis with a maximum of 1 booking per time slot and attendees will asked to respect social distancing guidelines at all times. Attendees are allowed to bring one other person with them to a viewing provided that they are within the same household /support bubble. The wearing of face masks is required whilst in the property. Lists close 24 hours before the open day starts so book in plenty of time.

Auction ends – Thursday 18^th March 2021 at 12pm

Bidding Window Opens – Tuesday 16^th March 2021 (Bidding will not be possible until this time)

Starting price – £160,000 (Reserve price is higher & unpublished, typically the starting price will be 15 – 20% below the Reserve figure as per our Buyer Terms)

How to make an offer

Offers can only be made via the online auction in the form of a bid once the bidding window has opened. No offers will be accepted outside of the auction process.

Once a sale has been agreed (STC) and a price agreed then no further price negotiation will take place. This sale price is fixed and the buyer honoured to pay it. Should the buyer withdraw then they may have to forfeit the reservation fee. Please read the buyer terms and FAQ’s on the site for more details.

This is a probate property and is sold as seen. The administrator and solicitor may not be able to answer the usual pre-contract questions.