3 bed terrace to buy in TS6

Cromwell Road, South Bank , Middlesbrough, Cleveland, TS6 6JH

Current Bid
£18,250
Starting Bid £13,000
21 Bids
Sold

Online auction

Alternatively call 01642 210132 or email stockton@pattinson.co.uk

  • Terraced Property
  • Three Bedrooms
  • Investment Opportunity
  • Potential Rental Income £4,800 PA
  • 7 Cromwell Road SOLD for £31,750

3 bed terrace to buy in TS6

TO BE SOLD VIA Online Auction until 28/05/20 13:00. Property sold under Conditional auction terms and conditions. Reservation Fee applies.

Attention Investors.....Offered with immediate vacant possession is this three bedroom mid terraced property. We have been advised by the current owner that the property comprises of entrance hallway, lounge, dining room, kitchen. To the first floor are three bedrooms and bathroom w/c. Externally is a rear yard.

Net House Prices shows that
22 Cromwell Road SOLD for £27,000 In September 2017
17 Cromwell Road SOLD for £30,000 In February 2016

Summary

  • Property Type: Terrace
  • Bedrooms: 3
  • Receptions: 2
  • Tenure: Freehold
  • Central Heating: Other
  • Parking: On Street
  • USPs: Requires Work, Requires Updating

This property is being sold subject to conditional reservation fee auction terms and conditions.

Timescales
There are 28 days to exchange contracts and a further 28 days to complete the purchase. 56 days in total. Legal Pack A legal pack is available to download. Special conditions may apply. We strongly recommend buyers familiarise themselves with the legal pack prior to bidding. Buyer Fees This property is sold subject to a non-refundable reservation fee of 5% + VAT to a minimum of £5,000 + VAT (£6,000 inc VAT) This does not form part of the purchase price. A reservation fee is payable by the buyer where a seller has opted to sell with no fees. As a result, a lower reserve price is usually agreed on lots where a reservation fee is applicable. More Information For more information call our auction experts on 0191 206 9335 or email auction@pattinson.co.uk

ONLINE AUCTION NOTICE

I hereby acknowledge and confirm the following:  

My bid may be accepted by the seller at any time before the close of the auction.  It is subject to the terms and conditions of the auction which I have read and understood. I have read and understood the legal pack applicable to my bid/lot and agree to be bound by any special conditions within that pack. If my bid is successful (whether as the highest bid or upon acceptance by the seller in the course of the auction) I shall be bound by the lot terms and conditions as advertised online.  

At the point of registration, you will be required to insert credit or debit card details as a way of payment towards the deposit and or reservation fee. We will only hold a nominal amount (which will be stated at the point of bidding) to enable you to bid. This amount will only be debited from your account should you be the successful bidder, in the event you are unsuccessful the agreed amount will be released back to your card within three business days.  If you are the successful bidder we will debit the agreed amount from your account immediately at the close of the auction, we will then contact you to confirm the outstanding balance (if applicable) at which point you can opt to use the same card.  Any amount payable at the close of the auction must be paid within 1 hour.   

Please note that the bidding process will work in a different way to an eBay auction, so there is NO advantage to bidding at the last second. 

Each auction will automatically stay open until there has not been a bid for 10 minutes. After 10 minutes without a bid, the auction will close and the highest bidder will be successful subject to the reserve price being met or upon acceptance of an offer by the seller throughout the auction cycle. 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 avoids last minute (or second) bidding and makes for a fairer auction as in a live room auction situation. 

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. 

Minimum online bidding increments: 
Up to £50,000 - £250 minimum bid 
£50,001 to £150,000 - £500 minimum bid 
£150,001 to £250,000 - £1,000 minimum bid 
£250,001 to £1 million - £2,000 minimum bid 
£1 million+ -  £2,500 minimum bid 

Please note this bidding process applies specifically to online auctions. 

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