3 Bedroom Mid Terrace Property, 74 Third Street, Horden, Peterlee, SR8 4EH

Overview

Hammer Price Homes are delighted to present for sale by online auction, this vacant & chain free, 3 bedroom mid terraced house in Horden. Please note that due to the general condition of the property, this auction is strictly open to cash buyers only.

Please also note that exchange of contracts must happen within 28 days of the close of the auction, with completion no later than 56 days from the close of the auction.

This property briefly comprises: To the ground floor there is an entrance hallway leading to a living room, dining room, kitchen and downstairs W.C. To the first floor there is a landing leading to three bedrooms and a bathroom.

Outside there is a small front garden and a yard to the rear.

The property is in need of renovation throughout, including works to the roof (as seen from the pictures), suiting those looking for a project.

Due to the general condition of the property (mainly the roof), buyers will not be able to obtain lending on the property through a traditional mortgage and for this reason, open this auction strictly for cash buyers only. There will be no return of the reservation fee should the buyer have to withdraw from the purchase citing issues around securing lending on the property or for reasons concerning the condition of the property including structural or other. Or for any reasons surrounding the local search which is available from the Hammer Price Homes website.

The property is sold as seen.

To view this property please visit the Hammer Price Homes website, register as a buyer and book your place on an open day.

Location

The property is well placed close to a number of amenities including schools and is just a mile from Peterlee Town Centre offering easy access to a range of shopping facilities and also a hospital. Horden train station is just a 5 minutes walk from here, making this property an ideal location for commuters.

Special Conditions

This auction is strictly open to cash buyers only. There will be no return of the reservation fee should the buyer have to withdraw from the purchase citing issues around securing lending on the property, for reasons concerning the condition of the property including that of a structural nature, or for anything that is in the local search . Please also note that a buyer must be in a position to exchange contracts within 28 days and complete within 56 days of the close of the auction.

Other Information

Tenure – Freehold – see land registry information available for download from the Hammer Price Homes website

Searches – The local search has been ordered in an effort to help facilitate the quick exchange / completion as we are aware that this can take a number of weeks to be completed. It has been added to the Hammer Price Homes website.

Auction Details

** Open for cash buyers only. 28 days exchange contracts, 56 days to complete**

Please note that there is a Reservation fee (3% Inc. VAT) subject to a minimum of £3,000 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.

Auction ends – Thursday 1^st August 2022 at 1:00pm (subject to anti-sniping)

Bidding Window Opens – Tuesday 30^th August 2022 (Bidding will not be possible until this time)

Starting price – £35,000 (Reserve price is higher & unpublished. To give an idea, the start price on this property will be 10% – 15% below the reserve)

Viewings

Bidding is only permitted for those who have viewed. Please register as a buyer on the Hammer Price Homes website and book in for an open day.

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