Arcadia, Ouston, Chester le Street, DH2

£32,500

Guide price

For sale by auction Thursday 12th December 2024. Bidding opens 24 hours prior. For further information, see https://www.agentspropertyauction.comA two-bedroom ground floor flat with a garage and a good-sized enclosed back garden on a popular modern estate. The property is offered at an excellent price reflecting the need for refurbishment and lease extension. An ideal investment opportunity with good rental potential following renovations. The layout comprises a porch, lounge, kitchen, inner hall, two bedrooms and shower room/wc (converted from bathroom). The garage in the adjacent block can be accessed from the back garden. The flat has uPVC double glazing and a gas central heating system with a replacement Vaillant combination boiler (system not tested).Arcadia forms part of an established residential estate. Situated on the fringe of Ouston it allows easy access to local shops and amenities. The area is especially convenient for easy access to Chester-le-Street, Birtley, Gateshead and Newcastle upon Tyne.Agents Property Auction Note 1The Agents Property Auction have not inspected this property, and J W Wood has supplied the property details. None of the services have been tested. Measurements, where given, are approximate and for descriptive purposes only. Boundaries cannot be guaranteed and must be checked by solicitors before exchanging contracts. The details are provided in good faith, are set out as a general guide only and do not constitute any part of a contract. No staff member has any authority to make or give representation or warranty concerning this property.For sale by auction, see www.agentspropertyauction.com Agents Property Auction Note 2Each auction property is offered at a guide price and is also subject to a reserve price. The guide price is the level at which the bidding will commence. The reserve price is the seller's minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price, which may be up to 10% higher than the guide price, is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can change up to and including the auction day. The successful buyer pays a £2,000+vat (total £2,400) Auction Administration Fee. We can refer you to a North East based Solicitor from our panel at your request. It is your decision whether you choose to deal with them. Should you decide to use them, you should know that we would receive a referral fee of £120 including VAT from them, for the recommendation.Agents Property Auction Note 3A copy of the title is available upon request. We recommend that all potential buyers seek legal advice and satisfy their requirements before purchasing.Agents Notes:Tenure: LeaseholdTerm: 99 years from 1 March 1963Ground Rent: £10 as to the land in this title and Insurance Rent. Payable annually in advance on 1st March.Covenants: Standard estate covenants affect the property. Details are contained within the Lease dated 14th November 1966 and referred to within the Land Registry Title Register, which are available for inspection.Council Tax Band: A (Durham County Council)Conservation Area: NoSelective Licencing Area: Not Included. Sale Subject to Grant Of Probate. The vendor advises this is now completed.Mains Services: Gas, Electricity, Water, SewageBroadband: Superfast fibre broadband is available in the postcode 80 mb/s. BT and Sky satellite/fibre TV are also available.Mobile Coverage: Major networks provide mobile coverage.Flood Risk: Rivers & Seas – No Risk; Surface Water – Very Low