Hambleton Way, Ferryhill, DL170RB

Sale Price: £40,000.00

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

Property Overview

A spacious mid terrace property which has THREE BEDROOMS along with GARDENS FRONT & REAR and benefits from SUPERB COUNTRYSIDE VIEWS TO THE FRONT. The property is located in a quiet spot on the edge of the village and has excellent transport links with easy access to the nearby A167 and A1m major roads. Being warmed by a gas combi boiler, the accommodation comprises; entrance hall, cloakroom/wc, lounge/dining room, kitchen and a rear hall/utility area all to the ground floor. At first floor level are the three bedrooms and a bathroom. Externally is an enclosed garden to the rear which has lawn and patio areas. To the front is an open plan lawned garden with views over neighbouring countryside. Viewing is strongly recommended.

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% 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 are considered as part of the chargeable consideration for the property by HMRC and will 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 form 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. The Reservation Fee is paid 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 HALL With entry via a UPVC front door, stairs leading to the first floor, radiator and access to the cloakroom/wc. CLOAKROOM/WC Having a low level wc, pedestal wash basin, tiling and a double glazed window to the front. LOUNGE/DINING ROOM 10' 11'' x 21' 00'' Having double glazed windows to the front and rear, two radiators, electric fire with feature surround, tv point, coving and space for dining table. KITCHEN 10' 03'' x 8' 05'' Having a range of wall and base units with worksurface space, one and a half bowl sink unit with mixer tap, plumbing for washing machine, gas hob with extractor hood, double electric oven, integral fridge freezer, tiled splash backs and a double glazed window to the rear. REAR HALLWAY Having a door to the rear garden, space for fridge freezer and tumble drier and a large storage cupboard. FIRST FLOOR LANDING Having access to the loft. BEDROOM ONE 13' 04'' x 10' 01'' With a double glazed window to the front and a radiator. BEDROOM TWO 11' 00'' x 10' 00'' Having a double glazed window to the rear and a radiator. BEDROOM THREE 8' 10'' x 8' 05'' Having a double glazed window to the front, radiator and a storage cupboard which houses the combi boiler. BATHROOM Having a panelled bath with shower over, low level wc, wash basin, tiling, radiator, storage cupboard and a double glazed window to the front. EXTERNALLY To the rear of the property is an enclosed garden which has lawn and patio areas and gated access. To the front is an open plan lawned garden and fantastic views over neighbouring countryside.

Dowen Estate Agency

Local Branch: 51 High Street, Spennymoor, DL16 6BB
Head Office: 6 Jubilee House, Hartlepool, TS26 9EN

Fees & Charges Explained

Hambleton Way, Ferryhill, DL170RB

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.

Buyers 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.

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