10 Horsley Court Newcastle upon Tyne, Tyne and Wear, Tyne and Wear, NE3 2JX
- Conditional Online Auction Sale
- Bedrooms: 3
Description
A SECOND FLOOR LEASEHOLD FLAT (originally 99 years from 1991 ).
A LEASE EXTENSION has just been completed and is with my lawyer for Land Registry entry. ( Now 189 years from 1/1/1990).
EXTERNAL REDEC IN 2023,
COMMUNAL AREAS REDEC DUE 2024.
ACCESS TO 10 HORSLEY COURT
From Dorrington Road, a paved road leads into the communal car parking and landscaped area. (managed by the Freeholder within the Service Charge)
Main door to the building with FOB access.
Lift or stairs to the two flats located on the second floor. (Lift serviced and managed via Managing Agents on behalf of the Freeholder within the service charge)
All communal landings/ stairs are carpeted, (Cleaned and repaired under Service Charge)
Communal refuse area is located outside the main entrance.
This property has been recently decorated throughout and is ready to move in.
It would be equally attractive to a family or as an investment, as there is a strong rental market in the area.
The "L" shaped flat is spacious and rooms are larger than average.
ENTRANCE DOOR to the flat from the landing leads into to a small Lobby with a door opening into left and right hallways.
First hallway opening to the left leads to :-
BATHROOM – comprising; panelled bath with overhead shower attachment, WC and wash hand basin. Tiled floor.
Storage cupboard located outside bathroom with shelf and Fuse Box
At the end of the hallway is the MASTER BEDROOM - a large, light double bedroom overlooking communal entrance to the flats and car parking area.
Second hallway opening to the right off the lobby leading to:
BEDROOM TWO, - a double size bedroom overlooking mature trees, with floor to ceiling wardrobes
BEDROOM THREE - double sized bedroom room overlooking mature trees
DINING KITCHEN – Fitted with a range of units with workspace above. Offering space for a range of freestanding appliances. Wall mounted gas boiler.
Ample space for a dining area.
At the end of the hallway is the LOUNGE – A large, attractive lounge with dual aspect windows, lots of space for a range of furniture and there is a storage cupboard.
Communal aerial, BT phone/ internet connection installed.
SERVICE CHARGE covers building structural insurances, external and communal areas painting and maintenance. Lift repairs and maintenance. Repair and maintenance of communal amenity and car park areas. (See lease for details) Managing Agents are local.
Service charge: £513 quarterly
Ground rent: peppercorn
Tenure
leasehold
Energy Efficiency Rating - Current
72
Energy Efficiency Rating - Potential
73
Opening Bid and Reserve Price
This Property is subject to an undisclosed Reserve Price which in general will not be 10% more than the Opening Bid. The Reserve Price and Opening Bid can be subject to change. The Online Auction terms and conditions apply.
Comments
This property is offered for sale via Online Auction which is a flexible and buyer friendly method of purchase. The purchaser will not be exchanging contracts on the fall of the virtual hammer, but will be given 56 working days in which to exchange and complete the transaction from the date the Draft Contract is issued by the sellers solicitor.
By giving a buyer time to exchange contracts on the property, normal residential finance can be arranged. The Buyer’s Premium secures the transaction and takes the property off the market. Fees paid to the Auctioneer reserve the property to the buyer during the Reservation Period and are paid in addition to the purchase price and are considered within calculations for Stamp Duty Land Tax. Further clarification on this must be sought from your legal representative.
The buyer will be required to give the Auctioneer authority to sign the Reservation Form on their behalf and to confirm acceptance of the Terms and Conditions prior to solicitors being instructed. Copies of the Reservation Form and all Terms and Conditions can be found in the Information Pack which can be downloaded from our website or requested from our Auctioneer.
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 Buyer's Premium of £3,128 including VAT, plus a buyer's administration charge of £372 including VAT, a total of £3,500. This secures the transaction and takes the property off the market. Any additional fees and charges over and above this will be confirmed within the terms and conditions available on the website.
The Buyer's Premium and buyer's administration charge are in addition to the final negotiated selling price.
All buyers will be required to verify their identity and provide proof of how the purchase will be funded.
Buyer's Administration Charge
If the Buyer Information Pack has been produced and provided by GOTO Group any successful purchaser will be required to pay £372 (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.
Energy Performance Certificate(EPCs)
An EPC is broadly like the labels provided with domestic appliances such as refrigerators and washing machines.Its purpose is to record how energy efficient a property is as a building. The certificate will provide a rating of the energy efficiency and carbon emissions of a building from A to G, where A is very efficient, and G is inefficient.The data required to allow the calculation of an EPC includes the age and construction of the building, its insulation and heating method.EPCs are produced using standard methods with standard assumptions about energy usage so that the energy efficiency of one building can easily be compared with another building of the same type.The Energy Performance of Buildings Directive (EPBD) requires that all buildings have an EPC when they are marketed for sale or for let, or when houses are newly built. EPCs are valid for 10 years, or until a newer EPC is prepared.During this period the EPC may be made available to buyers or new tenants.
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
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