2 Bedroom, Semi-Detached Bungalow, 71 Front Street, Bishop Auckland, DL13 4LW

Overview

Hammer Price Homes are pleased to present for sale by online auction this 2 bedroom semi-detached house in Bishop Auckland. The sale is open for cash buyers only.

The property briefly comprises: To the ground floor, an entrance hallway leading to a lounge, kitchen, conservatory, 2 bedrooms and a bathroom.

Outside there are gardens to the front and rear of the property. The Property is as per the edged red boundaries on the Title Plan DU163465 only.

The property requires full renovation throughout, and this sale is open for cash buyers only due to the general condition; we feel it may be difficult to obtain lending via a traditional mortgage on the property. There will be no grounds for the buyer to withdraw from the sale with a return of the reservation fee citing issues around the condition of the property, for any issues in financing the purchase, the possessory title registration or for any concerning information within the searches. The property is sold as seen.

Please be advised that the deeds to the property have been lost, as a result the seller and their solicitor successfully registered the property with Land Registry with possessory title in 1990. Land Registry documents are available for download from the Hammer Price Homes website. As 12 years have now passed, the buyer can upgrade the title to Title Absolute with Land Registry upon completion if they wish.

To view the property please visit the Hammer Price Homes website, register as a buyer and book in for a viewing.

Location

The property is located in a rural village, surrounded by beautiful countryside and public walks. The village has a regular bus service running through to nearby towns as well as two popular restaurants/pubs. Neighbouring towns Crook and Tow Law provide access to schools, supermarkets, retail shops and high street stores. The A68 is nearby, ideal for commuters, leading to the A1(M) both North and South.

Special Conditions

This sale is open for cash buyers only due to the general condition; we feel it may be difficult to obtain lending via a traditional mortgage on the property. There will be no grounds for the buyer to withdraw from the sale with a return of the reservation fee citing issues around the condition of the property, for any issues in financing the purchase, the possessory title registration or for any concerning information within the searches. The property is sold as seen.

56 days to complete.

Tenure

Tenure – Freehold – Land Registry documents are available for download from the Hammer Price Homes website. The Property is as per the edged red boundaries on the Title Plan DU163465 only.

Possessory title registration – Please be advised that the deeds to the property have been lost, as a result the seller and their solicitor successfully registered the property with Land Registry with possessory title in 1990. Land Registry documents are available for download from the Hammer Price Homes website. As 12 years have now passed, the buyer can upgrade the title to Title Absolute with Land Registry upon completion if they wish.

Other information

The Deputy / Solicitor dealing with the estate has never lived at the property and therefore has limited knowledge. The below information has been provided to the best of our knowledge and should not be relied on in full. Please note due to the nature of the property some of the services may be isolated.

Council Tax Band – B

EPC Rating – E

Utilities:

Primary source of Water Supply: Assumed Mains

Primary source of Electricity Supply: Assumed Mains

Primary source of Gas Supply: Mains Gas Supply (information taken from EPC Certificate)

Source/s of heating: Boiler & Radiators (information taken from EPC Certificate)

Primary arrangement for Sewerage/Drainage: Foul and Surface water from the property drains into a public sewer (information taken from the Regulated Drainage & Water Search).

Searches

Searches are available for download from the Hammer Price Homes website. Searches are provided at no additional cost and are available to download from the Hammer Price Homes website. The searches are dated May 2024 and therefore can be used by the buyer at no additional cost. Should the winning bidder require more up to date searches, this will be at their cost during the conveyancing process.

Auction Details

** Open for cash buyers only. 56 days to complete**

Auction ends – Thursday 17^th October 2024 at 2:00pm (Subject to anti-sniping).

Bidding Window Opens – Tuesday 15^th October 2024 at 12:00pm (Bidding will not be possible until this time).

Starting price – £32,000 (Reserve price is higher & unpublished, typically the starting price will be 15 – 20% below the Reserve figure as per our Buyer Terms)

Fees

All fees are payable by bank transfer only (we do not take card payments).

Reservation Fee – Please note that there is a Reservation Fee (3.6% Including VAT subject to a minimum fee of £3,600 Including VAT) payable by the buyer within 2 hours of 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.

Searches – Searches are provided at no additional cost and are available to download from the Hammer Price Homes website. The searches are dated May 2024 and therefore can be used by the buyer at no additional cost.

Viewings

To view the property please visit the Hammer Price Homes website, register as a buyer and book in for a viewing. Bidding is only permitted for those who have viewed. Viewers must stick to their time precisely.

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 at the winning auction price and the buyer honoured to pay it. Any subsequent attempt by the buyer to contact the vendor direct to renegotiate on price would hold the buyer in breach of our terms. 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 deputyship property and is sold as seen. The Deputy / Solicitor dealing with the estate has never lived at the property so may not be able to answer the usual pre-contract questions or provide a property information form.