Wallace Street, Dunston, NE11

FOR SALE BY ONLINE AUCTION ENDING 15TH APRIL 2025 AT 12PM. THE PROPERTY IS SOLD UNDER UNCONDITIONAL AUCTION TERMS AND CONDITIONS.

BRIMMING WITH POTENTIAL is this end terraced home with a lounge, kitchen, two bedrooms and a bathroom as well as gardens to the front and rear. Although the property is in need of refurbishment, this presents the perfect chance to put YOUR OWN STAMP on the property and tailor it to your tastes. This property will appeal to a wide range of potential purchasers including first time buyers, investors and those simply seeking to down-size. For investors the property offers a potential rental yield of 8%.

Entrance Porch    Accessed via a double glazed entrance door and having a double glazed window and an internal door to the lounge.

Lounge 14'5" x 11'10" (4.4m x 3.6m). Positioned to the front aspect of the property with a double glazed window, laminate flooring and a central heating radiator. A staircase provides access to the first floor and there is a focal point, decorative fire surround.

Dining Kitchen 12' x 6'7" (3.66m x 2m). Fitted with a range of wall and base units with work surfaces over, tiled splash back surrounds and incorporates a stainless steel sink with drainer and mixer tap fitting. Space is provided for the inclusion of a free standing cooker and fridge/freezer as well as an under counter washing machine. The kitchen houses the central heating boiler, has a double glazed window and a double glazed door which provides access to the rear garden.

First Floor Landing

Bedroom One 11'10" x 8'10" (3.6m x 2.7m). With a double glazed window, a built in sliding door wardrobe and a central heating radiator with decorative surround.

Bedroom Two 9'10" x 5'11" (3m x 1.8m). With a double glazed window and a central heating radiator.

Bathroom    Equipped with a panelled bath with a mixer tap/shower attachment, low level wc and a pedestal hand wash basin. The room has tiling to the walls, a double glazed window and a chrome ladder style towel radiator.

External    Gardens lie to the front and rear, the rear with a patio area and a timber decked patio.

Tenure    Sarah Mains Residential have been advised by the vendor that this property is freehold, although we have not seen any legal written confirmation to be able to confirm this. Please contact the branch if you have any queries in relation to the tenure before proceeding to purchase the property.

Property Information    Local Authority: Gateshead
Flood Risk: This property is listed as currently having no risk of flooding although we have not seen any legal written confirmation to be able to confirm this. Please contact the branch if you have any queries in relation to the flood risk before proceeding to purchase the property.
TV and Broadband: BT, Virgin, Sky – Basic, Superfast, Ultrafast
Mobile Network Coverage: EE, Vodafone, Three, O2
Please note, we have not seen any documentary evidence to be able to confirm the above information and recommend potential purchasers contact the relevant suppliers before proceeding to purchase the property.

Terms & Timescales    This property is being sold subject to unconditional purchase premium auction terms and conditions. Immediate exchange of contracts. Completion must take place within 28 days.

Legal Pack    A legal pack is available for this property. We strongly advise all potential bidders thoroughly read through the legal pack prior to bidding, paying particular attention to the special conditions. If you are unsure of anything contained within the pack, please consult a legal representative.

Deposit    In order to secure the purchase a buyer will pay a deposit of 5% (subject to a minimum of £3,000) which contributes towards the overall purchase price of the property.
The deposit is non-refundable.

Buyer Fees    This property is sold subject to a non-refundable purchase premium of 2.4% inc VAT, subject to a minimum of £3000 inc VAT. This does not form part of the purchase price.

More Information    For further information please contact our auction department on 0191 4870011 or email auctions@sarahmains.com

Online Auction Notice    I hereby acknowledge and confirm the following:
Once placed, my bid cannot be withdrawn and will stand until 2 hours after the auction closes. My bid may be accepted by the seller at any time before the close of the auction. I have read and understood the terms of the auction and my bid is placed accordingly. I have read and understood the legal pack applicable to this property and I understand that I am bound by the special conditions contained within. If my bid is successful at any point from now until up to 2 hours after the auction closes, I shall be bound by the lot terms and conditions as advertised online.
The auction will continue to run if there is a bid within 10 minutes of the closing time. After 10 minutes without a bid, providing the reserve price has been met, the highest bidder will be successful. If there is another bid within 10 minutes of the last bid, the auction countdown timer will be restarted for another 10 minutes to allow further bidding. This system makes it fairer for all parties involved and prevents last second bidding. Please bid in good time before the end of the auction, delaying your bid to the last seconds may disadvantage you if your connection slows or you lose internet connectivity. It is the bidder's responsibility to ensure the bid has been lodged with the auctioneer. The auctioneer accepts no responsibility for bids that are not received or are received late, and reserves the right to reject any bid without notice.




Tenure Type : Freehold
Council Tax Band: A Read less