2021-12-08 11:14, User_1

Reeds Rains - Stanley Agent Valuation of this property is £40,000

Description:

An exciting development opportunity offered for sale via modern method of auction, a plot of land which is located close to Stanley town centre on Pea Farm. Formally part of a terraced dwelling the plot is perfect for anyone wanting a project to build their own home and is approximately 115 square meters in in size. The site also has lapsed planning permission to rebuild the original dwelling.

Pea Farm is located close to Stanley town centre where there are a range of local shops and amenities. Transport links are also available to surrounding areas such as Durham, Newcastle Upon Tyne and Chester-Le-Street. The A1 is within a 10 minute drive, along with popular local attractions including Beamish Museum, the Metrocentre and Tanfield Railway.

For more details please contact Reeds Rains.

Auctioneers Comments

This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold Limited. This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor. This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey). The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.2% of the purchase price including VAT, subject to a minimum of £6,000.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded. This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack. The buyer will also make payment of £300 including VAT towards the preparation cost of the pack, where it has been provided by iamsold. The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.

Title Plan

Town Planning

The site previously benefited from planning consent (Application Ref: 1/2007/0366/60618) for the rebuilding of the dwelling which to our knowledge has now lapsed. We would expect any new application of the same or similar plans to be granted but interested parties must satisfy themselves that their intended scheme is acceptable, by speaking with Durham County Council (Tel . If you would like a copy of the plans and the Decision Notice please contact Reeds Rains Stanley.

Important Note To Potential Purchasers:

We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are travelling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller.

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