Great North Property Auction

120+ Estate Agent Branches covering:

Northumberland Tyne & Wear County Durham Teesside North Yorkshire

Lots in this Brochure: 62

Price Ranging From: £10,000 - £230,000

Live Auction Date: 25th July 2019 Register From: 18:30 Auction Starts: 19:00

Emirates Riverside Cricket Ground, Chester le Street, DH3 3QR

0191 2390 802 greatnorthpropertyauction.co.uk GREAT NORTH Great North SOLD BY AUCTION Property Auction NT CALNDAR

SOLD IN 22 DAYS 32 VIEWINGS

South End, Osmotherley Cliffe Court, East Parade, Whitley Bay Start Bid £290,000 Start Bid £44,950 Sold £328,000 Sold £114,000

SOLD £25K OVER STARTING BID 13 VIEWINGS

The Cottage, Nags Fold Farm, Durham Oak Tree Road, Bedale Start Bid £300,000 Start Bid £165,000 Sold £325,000 Sold £185,000

17 VIEWINGS 35 VIEWINGS

GREAT NORTH PROPERTY AUCTION Firbank Avenue, North Shields Monkridge Gardens, Dunston, Gateshead Start Bid £230,000 Start Bid £63,000 Sold £251,000 Sold £81,000

2 3 VENUE AUCTION DAY PROCEDURE

Before placing a bid we strongly advise that you provide a reservation fee or deposit. We will then carry out market research and due diligence on prepare the acknowledgement of reservation form Emirates Riverside Cricket Ground any property you are interested in bidding on. for you to sign using the details provided. Exchange Chester le Street Make sure to review any legal documents we may will aim to take place within 28 days, under the DH3 3QR have for the subject property. We recommend that supervision of your solicitor upon receipt of Draft before bidding you visually inspect the property Contract. Please do not leave the auction room Tel: 0191 387 1717 internally and are completely happy with what’s without paying your deposit or reservation fee and Visit: www.durhamccc.co.uk on offer. signing the relevant paperwork.

Registration at 6.30pm Registration Auction begins at 7.00pm You will require photographic I.D. and proof of If The Lot You Want Is Unsold address to obtain a bidding paddle to enable you to If a lot fails to reach its reserve in the room and you bid at a property auction. If you intend to bid please wish to buy it, ensure you register your highest bid remember to bring with you your debit/credit card with us before you leave the room. We will contact or bankers draft for your Reservation Fee and the the vendor and ask them for their instructions and DIRECTIONS required identification. Please also bring the contact contact you if we think that a sale after the auction details of the solicitor you intend to use. is negotiable. Alternatively, call us in the office after From the A1(M) take exit 63 and follow the A167 towards Chester le Street. The venue should be sign posted the sale. from here, however, continue on the A167, Park Road North, over the first roundabout, past the BP/M&S Bidding For Your Lot garage. Take the first left at the next roundabout and turn on to Ropery Lane. At the next roundabout turn right, When the auctioneer announces your lot he will also Bidding Prior to the Auction 3rd exit. bring to your attention any last minute items which Any bid or registration of interest must be presented you should be aware of. He will read the full address to the vendor in real time which may lead to a of the property, so please double check before property being sold prior to the auction event. Buyers bidding that this is the lot that you are interested in. are urged to register their interest early to avoid any ATTEND FOR FREE The current lot number is usually displayed with a disappointment. If you require any assistance with photograph on screens at the front of the room. The finance or conveyancing then speak to a member of auctioneer will invite bids at a particular level and the auction team who will be happy to provide quotes If you don’t want to register to bid, but are interested in the auction process or potentially selling you can make this bid by raising your paddle, hand from our specialist panel. at auction, you can attend our events to see what it’s like. You can also ask our auction team any or catalogue. If you wish to make a bid other than the questions you may have, for example: auctioneer calls, please shout out your bid and the auctioneer may or may not accept it. The property will be ‘knocked down’ to the highest bidder – but Is my property suitable for auction? not until the auctioneer warns you by saying ‘going, Any type of property is suitable for sale by auction. Lots range from traditional residential properties from all going, gone’. Never delay until the last second with Remember! If you’re not planning to attend price ranges, style and condition, new-build development, tenanted investments, developments sites and all your bid – you may lose it. Remember, there may be the auction, but would like to bid by proxy or sectors of commercial property. Selling through auction is the preferred method of sale in the USA, Canada, 300+ people in the room and unless your bid is clear phone, you must fill and return the form in and in mainland Europe. the auctioneer may not see you. this catalogue or contact the team to pre-register on: If you are interested in selling by auction and would like to speak to someone sooner, don’t 0191 2390 802 hesitate to contact our Great North Auction team on 0191 2390 802. On The Fall Of The Hammer [email protected] If you are the successful bidder, a member of the auction team will approach you and ask you to follow them to the sales room. You will be asked to

4 5 OUR METHODS OF AUCTION

PROOF OF IDENTIFICATION Modern Method of Auction Important notice! The Modern Method of Auction is different to All successful bidders must provide Proof of Identity Anyone attending our auction events and traditional auction procedures in the UK, in that it is and Proof of Address in order for us to comply with wishing to bid will be required to provide conditional. This means that the sale is not legally money laundering regulations. acceptable identification before being issued binding once a bid is accepted. The successful with a bidding paddle. bidder is required to pay a Buyers Reservation Fee/ Original documents must be provided. Deposit and sign a Reservation Agreement. The Photocopies are not accepted. property is then reserved to the buyer. The buyer TRADITIONAL AUCTION and seller are then required to unconditionally exchange contracts and complete the transaction within 56 days. MODERN AUCTION Proof of Identity Tick List Proof of Address Tick List Traditional Method of Auction This is an Unconditional Auction where on Current Signed Passport Current full UK Driving Licence** acceptance of an offer or on the fall of the (Provisional licenses not accepted). hammer the buyer will pay up to a 10% deposit and Current Full UK/EU Photo Card Driving Licence** exchange of contracts is immediate. Both parties A utility bill issued in the last three months (Not a mobile phone bill) are then legally bound to buy and sell. Traditional Current full UK Driving Licence** (old style)** Auctions are mainly used by the investment market (Provisional licenses not accepted). Local Authority tax bill (Current year) for properties that attract significant interest from Resident permit issued by the Home Office professional investors. The residential sector can to EU Nationals. Bank / Building Society / Credit Union find it harder to buy through a traditional auction statement containing current address. because there is a limited amount of time to put Inland Revenue Tax Notification. Most recent original mortgage statement finance in place, meaning many purchases through from a UK lender. a traditional auction are cash based.

The Verdict Whilst the Traditional Auction is useful for disposing of investment stock to the investment market quickly and efficiently, the residential market requires more DEPOSITS / RESERVATION FEES than this. The Modern Method offers the ability to maximise the level of interest from a broad range of buyers, in turn creating the best sales price in the Deposits and /or fees will be accepted by one of current market but still benefiting from the security of the following methods: a non refundable reservation fee or deposit and a fixed date to move and sell. Banker’s Draft, Debit / Credit Cards. NO CASH OR CHEQUES WILL BE ACCEPTED

We reserve the right to conduct a soft imprint online identification search on any successful buyer. ***Current full UK/EU driving license cannot be used to prove both ID and address. This document can only identify ID or address.

6 7 LOT LIST Great North Property Auction 31 9 Darwin Grove, Darlington, County Durham £55,000 Your Move

Lot Address Starting Bid Agents 32 17 Hereford Court, Newcastle Upon Tyne, Tyne and Wear £100,000 Jan Forster Estates

01 63 Oakfield, Newton Aycliffe, County Durham £45,000 Northgate Estate Agents 33 77 Surrey Crescent, Consett, County Durham £40,000 Reeds Rains

02 6 Fleece Terrace, Edmondsley, Durham, County Durham £60,000 Your Move Chris Stonock 34 7 South View, Coundon, Bishop Auckland, County Durham £17,000 Robinsons

03 29 Escomb Road, Bishop Auckland, County Durham £75,000 Lifestyle Property 35 29 Seymour Street, Bishop Auckland, County Durham £32,500 Robinsons

Former Central Borough Hotel & 7 Farrer Street, Hopetown Lane, 04 £110,000 Carver Commercial 36 43 Warwick Terrace, Sunderland, Tyne and Wear £40,000 Peter Heron Darlington, County Durham 05 60 Belgrave Street, Darlington, County Durham £50,000 Carver Residential 37 4 Ingleborough Lane, Ingleby Barwick, Stockton-on-tees, Cleveland £130,000 Robinsons

06 Low Moss Cottage, Aller Ln, Cowshill, Bishop Auckland, Durham £150,000 George F White 38 67 Park Road North, Chester Le Street, County Durham £175,000 Robinsons

07 30a Thornfield Road, Darlington, County Durham £180,000 Carver Residential 39 14 Close House, Bishop Auckland, County Durham £20,000 Robinsons

08 456 West Road, Newcastle Upon Tyne, Tyne and Wear £100,000 Fairs Estates 40 41 Uppertown, Wolsingham, Bishop Auckland, County Durham £120,000 George F White

09 5 Rothbury Terrace, North Shields, Tyne and Wear £30,000 Jan Forster Estates 41 39 Hanover Drive, Winlaton, Blaydon-on-tyne, Tyne and Wear £30,000 Cooke & Co

10 64 Nora Street, South Shields, Tyne and Wear £40,000 Goldfinch 42 377 North Road, Darlington, County Durham £68,000 Robinsons

11 14 St. Johns Place, Birtley, Chester Le Street, County Durham £120,000 Robinsons 43 39 Canterbury Crescent, Willington, Crook, County Durham £35,000 Robinsons

12 12 First Street, Watling Street Bungalows, Consett, Co. Durham £60,000 Fairs Estates 44 3 Carmel Gardens, Darlington, County Durham £210,000 Ann Cordey

13 12 Powlett Road, Hartlepool, Cleveland £55,000 Dowen Estate Agency 45 5 Hope Street, Stockton-on-tees, Cleveland £55,000 Robinsons

14 57 Park Road, Witton Park, Bishop Auckland, County Durham £44,000 Robinsons 46 19 North Rise, Darlington, County Durham £49,950 Carver Residential

15 25 Guildford Street, Sunderland, Tyne and Wear £25,000 Good Life 47 41 Parton Street, Hartlepool, Cleveland £35,000 Robinsons

16 19 Guildford Street, Sunderland, Tyne and Wear £30,000 Good Life 48 280 Thornaby Road, Thornaby, Stockton-on-tees, Cleveland £67,500 Robinsons

17 22 Tower Street West, Sunderland, Tyne and Wear £25,000 Good Life 49 13 Beechside, Staindrop, Darlington, County Durham £230,000 Ann Cordey

18 14 Enid Street, Hazlerigg, Newcastle Upon Tyne, Tyne and Wear £35,000 Fairs Estates 50 156 Westbury Street, Thornaby, Stockton-on-tees, Cleveland £20,000 Robinsons

19 37 Opal Avenue, Chilton, Ferryhill, County Durham £50,000 Northgate Estate Agents 51 42 Rydal Street, Dorman Gardens, Hartlepool, Cleveland £22,500 Robinsons

20 Vaughan Centre, Flat 4a Fosdyke Green, Middlesbro, Cleveland £10,000 Browns Estate Agency 52 7 Canterbury Way, Jarrow, Tyne and Wear £25,000 Chase Holmes

21 Vaughan Centre, Flat 3a Fosdyke Green, Middlesbro, Cleveland £10,000 Browns Estate Agency 53 23 Severn Street, Chopwell, Newcastle Upon Tyne, Tyne and Wear £15,000 Your Move Chris Stonock

22 83 Central Drive, Spennymoor, County Durham £35,000 Robinsons 54 73 Hadrian Court, Garth Thirtythree, Newcastle Upon Tyne £80,000 Jan Forster Estates

23 216 Durham Road, Sunderland, Tyne and Wear £40,000 Thomas Watson 55 21 Belsay Gardens, Newcastle Upon Tyne, Tyne and Wear £36,000 Jan Forster Estates

24 16 Olliver Street, Redcar, Cleveland £55,000 Abode Living 56 1 Patrick Crescent, South Hetton, Durham, County Durham £55,000 Reeds Rains

25 6 Front Street, Rookhope, Bishop Auckland, County Durham £39,950 George F White 57 5 Stratford Close, Cramlington, Tyne and Wear £80,000 Your Move

26 45 Bright Street, Darlington, County Durham £85,000 Robinsons 58 43 Milton Close, Stanley, County Durham £45,000 Reeds Rains

27 28 Haweswater Grove, West Auckland, Bishop Auckland, Durham £90,000 Robinsons 59 6 Thirston Place, North Shields, Tyne and Wear £75,000 Your Move

28 15 Durham Street, Bishop Auckland, County Durham £40,000 Robinsons 60 30 Roedean Road, Sunderland, Tyne and Wear £60,000 Peter Heron

29 18 Bayberry Mews, Middlesbrough, Cleveland £72,000 Robinsons 61 73 Lunedale Road, Darlington, County Durham £166,500 Northgate Estate Agents

30 18 Queen Street, Shildon, County Durham £35,000 Robinsons 62 15 Mayorswell Field, County Durham, DH1 1JW £149,950 Robinsons

8 9 LOT 1 LOT 4

Starting Bid: £45,000 Starting Bid: £110,000 63 Oakfield Former Central Borough Hotel & 7 Newton Aycliffe Farrer Street County Durham Hopetown Lane, Darlington DL5 7AT County Durham DL3 6RQ

Terraced House Driveway & Garage 3 Bedrooms Gardens The opportunity comprises the former Central Borough Hotel and neighbouring 7 Farrer Street. The property has planning consent for 1 Reception Room Tenure: Freehold conversion to provide two attached dwellings together with six 1 Bathroom apartments.

Newton Aycliffe: 01325315869 Commercial Branch: 01325 466945

LOT 2 LOT 5

Starting Bid: £60,000 Starting Bid: £50,000 6 Fleece Terrace 60 Belgrave Street Edmondsley, Durham Darlington County Durham County Durham DH7 6DL DL1 4AP

End Terraced House Ideal Investment Terraced House Ideal Investment 3 Bedrooms Rear Yard 3 Bedrooms Tenure: Freehold 1 Reception Room EPC: D 1 Reception Room 1 Bathroom Tenure: Freehold 1 Bathroom

Chester Le Street: 01913882129 Ian 07768537401 Darlington: 01325 357807

LOT 3 LOT 6

Starting Bid: £75,000 Starting Bid: £150,000 29 Escomb Road Low Moss Cottage, Aller Ln Bishop Auckland Cowshill, Bishop Auckland County Durham County Durham DL14 6AB DL13 1DF

Terraced House Rear Courtyard Detached House 2 Hectares of Land 3 Bedrooms Tenure: Freehold 1 Bedroom Stunning Views 2 Reception Rooms 1 Reception Room EPC: E 1 Bathroom 1 Bathroom Tenure: Freehold

Bishop Auckland: 01388 601389 Wolsingham Branch: 01388 527966

1 2

10 11 LOT 7 LOT 10

Starting Bid: £180,000 Starting Bid: £40,000 30a Thornfield Road 64 Nora Street Darlington South Shields County Durham Tyne and Wear DL3 9TQ NE34 0RB

Detached Bungalow Driveway & Garage Flat Tenure: Freehold 3 Bedrooms Tenure: Freehold 3 Bedrooms 1 Reception Room 1 Reception Room 1 Bathroom 1 Bathroom

Darlington: 01325 357807 South Shields: 01914274959

LOT 8 LOT 11

Starting Bid: £100,000 Starting Bid: £120,000 456 West Road 14 St. Johns Place Newcastle Upon Tyne Birtley, Chester Le Street Tyne and Wear County Durham NE5 2ER DH3 2PW

Terraced House Off Street Parking Detached Bungalow Off Road Parking 3 Bedrooms Tenure: Freehold 2 Bedrooms Gardens 2 Reception Rooms 1 Reception Room Tenure: Freehold 1 Bathroom 1 Bathroom

Fenham: 0191 274 72 71 Chester Le Street: 0191 3873000

LOT 9 LOT 12

Starting Bid: £30,000 Starting Bid: £60,000 5 Rothbury Terrace 12 First Street North Shields Watling Street Bungalows, Consett Tyne and Wear County Durham NE29 7AP DH8 6HN

Flat Tenure: Freehold Terraced Bungalow Gas Central Heating 2 Bedrooms 3 Bedrooms Double Glazing 1 Reception Room 1 Reception Room Tenure: Freehold 1 Bathroom 1 Bathroom

Tynemouth: 0191 257 2000 Fenham: 0191 274 72 71

3 4

12 13 LOT 13 LOT 16

Starting Bid: £55,000 Starting Bid: £30,000 12 Powlett Road 19 Guildford Street Hartlepool Sunderland Cleveland Tyne and Wear TS24 8LZ SR2 8JQ

Semi Detached Bungalow Large Garden Terraced House Tenure: Freehold 4 Bedrooms Garage 2 Bedrooms 2 Reception Rooms Tenure: TBC 1 Reception Room 1 Bathroom 1 Bathroom

Hartlepool: 01429 860806 Sunderland Branch: 0191 565 6655

LOT 14 LOT 17

Starting Bid: £44,000 Starting Bid: £25,000 57 Park Road 22 Tower Street West Witton Park, Bishop Auckland Sunderland County Durham Tyne and Wear DL14 0EN SR2 8JY

End Terraced House No Chain End Terraced House Ideal Investment 3 Bedrooms Local Amenities 3 Bedrooms Rear Courtyard 1 Reception Room Tenure: TBC 2 Reception Rooms EPC: E 1 Bathroom 1 Bathroom Tenure: Freehold

Bishop Auckland: 01388 458111 Sunderland Branch: 0191 565 6655

LOT 15 LOT 18

Starting Bid: £25,000 Starting Bid: £35,000 25 Guildford Street 14 Enid Street Sunderland Hazlerigg, Newcastle Upon Tyne Tyne and Wear Tyne and Wear SR2 8JQ NE13 7AX

Terraced House Rear Yard Flat Double Glazing 2 Bedrooms Double Glazing 1 Bedroom Gas Central Heating 1 Reception Room EPC: D 1 Reception Room Tenure: Leasehold 1 Bathroom Tenure: Freehold 1 Bathroom

Sunderland Branch: 0191 565 6655 Fenham: 0191 274 72 71

5 6

14 15 LOT 19 LOT 22

Starting Bid: £50,000 Starting Bid: £35,000 37 Opal Avenue 83 Central Drive Chilton, Ferryhill Spennymoor County Durham County Durham DL17 0QW DL16 7DN

Semi Detached House No Chain Semi Detached House Off Street Parking 3 Bedrooms Gardens 2 Bedrooms Gardens 1 Reception Room Tenure: Freehold 1 Reception Room EPC: E 1 Bathroom 1 Bathroom Tenure: Freehold

Newton Aycliffe: 01325315869 Spennymoor: 01388 420444

LOT 20 LOT 23

Starting Bid: £10,000 Starting Bid: £40,000 Vaughan Centre, Flat 4a Fosdyke 216 Durham Road Green Sunderland Middlesbrough Tyne and Wear Cleveland SR3 4AU TS3 0RY

Flat Tenure: Leasehold Flat Local Amenities 2 Bedrooms 2 Bedrooms Tenure: Leasehold 1 Reception Room 1 Reception Room 1 Bathroom 1 Bathroom

Stockton: 01642 677411 Sunderland: 0191 5142020

LOT 21 LOT 24

Starting Bid: £10,000 Starting Bid: £55,000 Vaughan Centre, Flat 3a Fosdyke 16 Olliver Street Green Redcar Middlesbrough Cleveland Cleveland TS10 2AY TS3 0RY

End Terraced House Large Yard Flat Local Amenities 4 Bedrooms Ideal Investment 2 Bedrooms Tenure: Leasehold 1 Reception Room EPC: F 1 Reception Room 1 Bathroom Tenure: Freehold 1 Bathroom

Stockton: 01642 677411 Heaton: 0191 276 1111

7 8

16 17 LOT 25 LOT 28

Starting Bid: £39,950 Starting Bid: £40,000 6 Front Street 15 Durham Street Rookhope, Bishop Auckland Bishop Auckland County Durham County Durham DL13 2AZ DL14 7BN

Semi Detached House No Chain Terraced House Rear Yard 1 Bedroom Ideal Investment 3 Bedrooms Double Glazing 1 Reception Room Tenure: Freehold 1 Reception Room EPC: D 1 Bathroom 1 Bathroom Tenure: Freehold

Wolsingham Branch: 01388 527966 Bishop Auckland: 01388 458111

LOT 26 LOT 29

Starting Bid: £85,000 Starting Bid: £72,000 45 Bright Street 18 Bayberry Mews Darlington Middlesbrough County Durham Cleveland DL1 4EY TS5 7RG

Semi Detached Bungalow Rear Courtyard Flat Gas Central Heating 2 Bedrooms Off Road Parking 2 Bedrooms Double Glazing 1 Reception Room Tenure: Freehold 1 Reception Room Tenure: Leasehold 1 Bathroom 1 Bathroom

Darlington: 01325 484440 Middlesbrough: 01642 313666

LOT 27 LOT 30

Starting Bid: £90,000 Starting Bid: £35,000 28 Haweswater Grove 18 Queen Street West Auckland, Bishop Auckland Shildon County Durham County Durham DL14 9LQ DL4 2HD

Semi Detached House Garden Terraced House Gas Central Heating 3 Bedrooms Garage 2 Bedrooms Double Glazing 1 Reception Room EPC: D 2 Reception Rooms Tenure: Freehold 1 Bathroom Tenure: Leasehold 1 Bathroom

Bishop Auckland: 01388 458111 Bishop Auckland: 01388 458111

9 10

18 19 LOT 31 LOT 34

Starting Bid: £55,000 Starting Bid: £17,000 9 Darwin Grove 7 South View Darlington Coundon, Bishop Auckland County Durham County Durham DL1 4HN DL14 8NB

Semi Detached House No Chain Terraced House Ideal Investment 2 Bedrooms Local Amenities 2 Bedrooms No Chain 2 Reception Rooms Tenure: Freehold 1 Reception Room Tenure: Freehold 1 Bathroom 1 Bathroom

Darlington: 01325 384633 Bishop Auckland: 01388 458111

LOT 32 LOT 35

Starting Bid: £100,000 Starting Bid: £32,500 17 Hereford Court 29 Seymour Street Newcastle Upon Tyne Bishop Auckland Tyne and Wear County Durham NE3 2XT DL14 6JD

Terraced House Off Road Parking Terraced House Ideal Investment 3 Bedrooms No Chain 2 Bedrooms No Chain 1 Reception Room EPC: C 1 Reception Room Tenure: Freehold 1 Bathroom Tenure: Freehold 1 Bathroom

Gosforth: 0191 284 4050 Bishop Auckland: 01388 458111

LOT 33 LOT 36

Starting Bid: £40,000 Starting Bid: £40,000 77 Surrey Crescent 43 Warwick Terrace Consett Sunderland County Durham Tyne and Wear DH8 8HT SR3 1BP

Terraced House Off Road Parking Terraced House Rear Yard 2 Bedrooms Tenure: Freehold 2 Bedrooms Tenure: Freehold 1 Reception Room 1 Reception Room 1 Bathroom 1 Bathroom

Consett: 01207509442 Fawcett Street: 0191 5103323

11 12

20 21 LOT 37 LOT 40

Starting Bid: £130,000 Starting Bid: £120,000 4 Ingleborough Lane 41 Uppertown Ingleby Barwick, Stockton-on-tees Wolsingham, Bishop Auckland Cleveland County Durham TS17 0PT DL13 3ES

Semi Detached House Garden Semi Detached House Generous Gardens 3 Bedrooms Off Road Parking 2 Bedrooms Detached Garage 1 Reception Room Tenure: Freehold 1 Reception Room Tenure: Freehold 1 Bathroom 2 Bathrooms

Ingleby Barwick: 01642 762944 Wolsingham Branch: 01388 527966

LOT 38 LOT 41

Starting Bid: £175,000 Starting Bid: £30,000 67 Park Road North 39 Hanover Drive Chester Le Street Winlaton, Blaydon-on-tyne County Durham Tyne and Wear DH3 3SA NE21 6BB

Semi Detached House Driveway & Garage Flat Tenure: Leasehold 3 Bedrooms Gardens 1 Bedroom 2 Reception Rooms Tenure: Freehold 1 Reception Room 1 Bathroom 1 Bathroom

Chester Le Street: 0191 3873000 Whitley Bay: 0191 251 0011

LOT 39 LOT 42

Starting Bid: £20,000 Starting Bid: £68,000 14 Close House 377 North Road Bishop Auckland Darlington County Durham County Durham DL14 8RR DL1 3BL

End Terraced House Garden Terraced House Ideal Investment 2 Bedrooms Ideal Investement 3 Bedrooms Local Amenities 1 Reception Room EPC: G 2 Reception Rooms Tenure: Freehold 1 Bathroom Tenure: Freehold 1 Bathroom

Bishop Auckland: 01388 458111 Darlington: 01325 484440

13 14

22 23 LOT 43 LOT 46

Starting Bid: £35,000 Starting Bid: £49,950 39 Canterbury Crescent 19 North Rise Willington, Crook Darlington County Durham County Durham DL15 0PU DL3 0LU

Semi Detached House Ideal Investment Semi Detached House Ideal Investment 2 Bedrooms No Chain 2 Bedrooms Garden 1 Reception Room Tenure: Freehold 2 Reception Rooms EPC: F 1 Bathroom 1 Bathroom Tenure: Freehold

Crook: 01388 763477 Darlington: 01325 357807

LOT 44 LOT 47

Starting Bid: £210,000 Starting Bid: £35,000 3 Carmel Gardens 41 Parton Street Darlington Hartlepool County Durham Cleveland DL3 8JD TS24 8NJ

Semi Detached House Detached Garage Terraced House No Chain 4 Bedrooms Gardens 2 Bedrooms Double Glazing 2 Reception Rooms EPC: D 1 Reception Room EPC: C 1 Bathroom Tenure: TBC 1 Bathroom Tenure: Freehold

Darlington: 01325 488433 Hartlepool: 01429 891100

LOT 45 LOT 48

Starting Bid: £55,000 Starting Bid: £67,500 5 Hope Street 280 Thornaby Road Stockton-on-tees Thornaby, Stockton-on-tees Cleveland Cleveland TS18 3PS TS17 8PE

Terraced House Double Glazing Other Gas Central Heating 3 Bedrooms Ideal Investment 3 Bedrooms Front & Rear Gardens 2 Reception Rooms Tenure: Freehold 2 Reception Rooms Tenure: Freehold 2 Bathrooms 1 Bathroom

Stockton: 01642 607555 Stockton: 01642 607555

15 16

24 25 LOT 49 LOT 52

Starting Bid: £230,000 Starting Bid: £25,000 13 Beechside 7 Canterbury Way Staindrop, Darlington Jarrow County Durham Tyne and Wear DL2 3PE NE32 4TD

Detached Bungalow No Chain Flat Double Glazing 3 Bedrooms Garage 1 Bedroom EPC: E 2 Reception Rooms Tenure: TBC 1 Reception Room Tenure: Leasehold 1 Bathroom 1 Bathroom

Darlington: 01325 488433 Jarrow Office: 0191 4245555

LOT 50 LOT 53

Starting Bid: £20,000 Starting Bid: £15,000 156 Westbury Street 23 Severn Street Thornaby, Stockton-on-tees Chopwell, Newcastle Upon Tyne Cleveland Tyne and Wear TS17 6NB NE17 7BY

Terraced House Double Glazing Terraced House No Chain 2 Bedrooms Rear Yard 2 Bedrooms Rear Yard 2 Reception Rooms Tenure: TBC 1 Reception Room EPC: E 1 Bathroom 1 Bathroom Tenure: TBC

Stockton: 01642 607555 Rowlands Gill: 01207 544498

LOT 51 LOT 54

Starting Bid: £22,500 Starting Bid: £80,000 42 Rydal Street 73 Hadrian Court Dorman Gardens, Hartlepool Garth Thirtythree, Newcastle Upon Cleveland Tyne TS26 9BA Tyne and Wear NE12 6DA

Terraced House Rear Yard 2 Bedrooms Ideal Investment Opp Terraced House No Chain 1 Reception Room Tenure: Freehold 3 Bedrooms Garden 1 Bathroom 1 Reception Room EPC: D 1 Bathroom Tenure: Freehold

Middlesbrough: 01642 313666 Forest Hall: 0191 605 3134

17 18

26 27 LOT 55 LOT 58

Starting Bid: £36,000 Starting Bid: £45,000 21 Belsay Gardens 43 Milton Close Newcastle Upon Tyne Stanley Tyne and Wear County Durham NE3 2AU DH9 6UB

Flat Communal Gardens Semi Detached House Ideal Investment 1 Bedroom Garage 2 Bedrooms Garden 1 Reception Room Tenure: Leasehold 1 Reception Room EPC: E 1 Bathroom 1 Bathroom Tenure: Freehold

Gosforth: 0191 284 4050 Stanley: 01207 237 777

LOT 56 LOT 59

Starting Bid: £45,000 Starting Bid: £75,000 1 Patrick Crescent 6 Thirston Place South Hetton, Durham North Shields County Durham Tyne and Wear DH6 2UP NE29 8JT

Semi Detached House Gardens Other Large Garden 2 Bedrooms EPC: D 2 Bedrooms Ideal Investment 1 Reception Room Tenure: Freehold 2 Reception Rooms EPC: D 1 Bathroom 1 Bathroom Tenure: Freehold

Durham: 0191 384 1222 Whitley Bay: 0191 253 4117

LOT 57 LOT 60

Starting Bid: £80,000 Starting Bid: £60,000 5 Stratford Close 30 Roedean Road Cramlington Sunderland Tyne and Wear Tyne and Wear NE23 8HW SR5 5LQ

Semi Detached Bungalow Driveway & Garage Semi Detached House Enclosed Rear Garden 2 Bedrooms Gardens 2 Bedrooms Local Amenities 1 Reception Room EPC: E 1 Reception Room Tenure: Freehold 1 Bathroom Tenure: Freehold 1 Bathroom

Whitley Bay: 0191 253 4117 Sea Road: 0191 5103323

19 20

28 29 LOT 61 NOTES Starting Bid: £166,500 73 Lunedale Road Darlington County Durham DL3 9AT

Semi Detached House Off Road Parking 3 Bedrooms Garden 2 Reception Rooms EPC: E 1 Bathroom Tenure: Freehold

Darlington: 01325 728333

LOT 62

Starting Bid: £149,950 15 Mayorswell Field County Durham DH1 1JW

Semi Detached House Gardens 3 Bedrooms Tenure: Freehold 2 Reception Rooms 1 Bathroom

Durham Sales: 0191 386 2777

Great North Property Auction

21

30 31 GLOSSARY OF COMMON prospective purchasers satisfy themselves as to to the live auction, but this is at their discretion to the location, boundaries, condition and state of do so. The auctioneers or vendors cannot be held AUCTION TERMS the lots before the auction. responsible for costs incurred in respect of any lot Addendum deposit is held as a reservation against the subject which is withdrawn or sold prior to auction. This is the document published on the day of the property. If the sale falls through due to Starting Bids auction containing all changes and additions to an act or action of the vendor, the deposit These are prices published for each property and the details within the catalogue. It is important becomes repayable to the buyer in full. are the level at which the bidding will commence. Buyer Information Pack that you read this document before bidding to see They are for guidance only and are not Reserve A Buyer Information Pack is a range of if there is anything significant listed against your Exchange of Contracts Prices. They may occasionally change during legal documents prepared before the property lot. We will be compiling these amendments right The buyer will sign the contract for sale and the marketing period. Each Starting Bid has a is sold via auction. This gives the buyer up until the auction day. The most up to date copy send it to the seller, who also signs it. This is the corresponding Reserve Price that is usually in a chance to view the legal aspects of the is always available from our Auction Department. point at which both parties are legally obliged to excess of the starting price. property before purchasing. The Addendum forms part of the contract of sale. complete the transaction and will usually aim to take place 28 days after the buyer’s solicitor is in Insurance The pack includes: Property Information Reserve Price receipt of draft contracts. At this point there is a Unless indicated to the contrary, the seller forms, Fixture and Fittings forms, official Land This is the minimum price that is acceptable to legal obligation for the purchaser to buy and the will continue to be responsible for insuring the Registry Documents, Title Plan, Local Search the vendor for selling their lot in the auction. We vendor to sell. property until completion. and Water and Drainage Search, leasehold do not publish Reserve Prices; this figure is a documents if applicable and auction Terms private agreement between the vendor and the Completion of Contracts Viewing and Conditions. auctioneer, however as a guide the Reserve is This is when the purchase becomes final. Due to the nature and condition of auction generally around 10% in excess of the Starting The purchase price is paid in full by the buyer’s properties, we highlight the potential risk that The successful purchaser will be required Bid. Both the Starting Bid and Reserve can be conveyancer and received by the seller’s viewing such properties carries and advise all to to pay £200 including VAT for the preparation subject to change. conveyancer. The seller must move out of the proceed with caution and take necessary actions of the Buyer Information Pack. property on this date and release the keys to to ensure their own safety whilst viewing any lot Reservation Fee the buyer. in this catalogue. Viewings are conducted entirely Once the property is sold, the pack will be Unless otherwise stated, each property is sold at your own risk, these properties are not owned forwarded to the solicitors involved to ensure subject to a Reservation Fee of 4.2% including Special Conditions Of Sale or controlled by the Auction Department and we a speedy exchange and completion. VAT to a minimum of £6,000 including VAT. If In addition to these ‘general’ conditions cannot be held liable for loss or injury caused you are interested in a particular lot please speak applicable to each lot the vendor’s solicitor may while viewing or accessing any lot. Due to the to a member of the team before you bid and draft additional terms applicable to their individual nature of some auction properties, electricity clearly read the Terms & Conditions attached to lot – these are the Special Conditions. may not be turned on therefore viewing times the property. Please note that the Reservation are restricted. If you have any queries or further questions Fee is in addition to the final negotiated selling These are not printed in the catalogue and are regarding the information in this catalogue, price, and is paid on a non-refundable basis. It is available for free from the Auction Department The Legal Aspect don’t hesitate to speak to a member of our held as a reservation against the subject property if applicable. They form part of the Contract of The legal aspect of buying at auction is a auction team who will be able to offer you sound until exchange of contracts take place. If the sale Sale. It is important that you satisfy all of your contractual commitment. Before making an advice. You can contact us by telephone, email falls through due to the vendor breaching the legal enquiries and are aware of all conditions offer prior to auction or bidding at the auction it or alternatively visit our website: terms of the agreement the Reservation Fee or (including any Addendum) before you bid at is advisable to consult a solicitor regarding the deposit becomes repayable to the buyer in full. auction. General and Special Conditions of Sale, the Local www.greatnorthpropertyauction.co.uk Authority Search and other legal documentation. Reservation Deposit Energy Performance Certificate (EPCs) Under this method of sale the buyer will be EPCs contain information on your home’s Pre Auction Offers required to pay a Reservation Deposit. The energy use and typical energy costs, with If a property has been entered to a live auction Reservation Deposit is calculated against the recommendations on how to reduce energy room at one of our regional auctions the online final negotiated selling price at 3.5% subject to use and save money. bidding facility is disabled. If you wish to place a minimum of £6,000. The deposit is taken as a a pre auction offer you will need to speak with a part payment of the final negotiated selling price Auction Catalogue member of the Auction Team who will explain the and will be deducted from the balance of the final Details of the property and land to be sold are process to you. The vendor can consider offers prior selling price upon completion of contracts. The set out in this catalogue. All lots are sold subject Disclaimer deposit is taken on a non-refundable basis. The to Special Conditions of Sale. It is important that Particulars within this catalogue are believed to be correct but their accuracy is not guaranteed. Information relating to rating matters has been obtained by verbal enquiry only. Prospective purchasers are advised to make their own enquiries of the appropriate authority. All measurements, areas and distances are approximate only. Potential purchasers are advised to check them. 32 33 MODERN METHOD OF AUCTION TERMS & CONDITIONS (V3.2) These conditions govern the conduct of “conditional” or “modern method” auctions operated by IAM Sold Limited (Company SIGN UP to The Great North Property Auction or Auctioneer or us/we/our). All properties sold by auction using the Company website or by a physical auction which are expressed to be either a “conditional” or “modern method” auction are governed by these conditions. If you would like to sign up to our catalogue subscription service, A non-refundable reservation fee of 4.2 % including VAT subject to a minimum of ££6,000 including VAT must be paid please email [email protected]. by the buyer immediately following the conclusion of the auction or acceptance of an offer. This must be paid by cleared funds to the Auctioneer who will issue an Acknowledgement of Reservation.

Introduction You’ll receive email updates including auction date reminders, digital copies of our brochures, These conditions have three main sections. property promotions and links to useful resources if you’re interested in buying. 1. Glossary This gives special meanings to some words used in the rest of the conditions.

2. The conduct of the auction This section regulates the conduct of the auction. If you bid for a property which is offered for sale by conditional auction you do Terms & Conditions so on the basis that you accept them. 5. If the Bidder wishes to withdraw or alter his instructions 3. Conditions of reservation Telephone or Proxy Bidding or to attend the Auction to bid it is their responsibility to If you win a conditional auction for a property you must sign a reservation form under which you agree to be bound by the 1. A prospective buyer wishing to make a telephone or notify the Auctioneers in writing before the Auction. conditions of reservation relevant to that property. The conditions are legally binding. proxy bid (a “Bidder”) must complete, sign and date the form within this catalogue. 6. The Auctioneers shall not be liable for any failure to bid Important notice due to inadequate or unclear instructions being received A prudent buyer will, before bidding for a property: • Take professional advice from a conveyancer and, in appropriate cases, a chartered surveyor and an accountant. Separate forms must be completed for each lot on which or for any other reason. The Auctioneers have absolute • Read the conditions. a bid is to be placed. discretion as to whether or not and in what manner to bid. • Inspect the Buyer Information Pack for the relevant property. • Have finance available for the deposit and purchase price. 2. The form must be delivered to The Auction 7. The Bidder is deemed to have full knowledge Department, Floor 6, Arden House, Regent Centre, of the General and Special Conditions of Sale and the In addition, before buying a property a prudent buyer will: • Carry out usual searches and make usual enquiries. Gosforth, Newcastle upon Tyne, NE3 3LU at least 24 Notice to All Prospective Buyers herein. The Bidder is • Consider with the chosen mortgage provider that the property would be deemed suitable for mortgage lending purposes. hours prior to the start of the Auction. also deemed to have full knowledge of any addendum • Check the content of all available leases and other documents relating to the property. produced by the Auctioneers at or prior to the Auction. • Check that what is said about the property in the Buyer Information Pack is accurate. 3. In the case of a telephone bid a member of the The Bidder is therefore advised to check whether any • Check whether VAT registration and election is advisable. Auctioneers’ staff will attempt to contact the Bidder by relevant addendum has or will be produced but the The conditions assume that the buyer has acted like a prudent buyer. If you choose to buy a property without taking telephone before the lot in question is offered for sale. If Auctioneers will not be liable to the Bidder if he fails to so these normal precautions you do so at your own risk. contact is made the Bidder may compete in the bidding check.

through the Auctioneers’ staff. However if telephone Glossary contact cannot be made or the connection is lost the This glossary applies to the auction conduct conditions and the sale conditions. Wherever it makes sense: Bidder hereby authorises the Auctioneers and their staff • singular words can be read as plurals, and plurals as singular words; • a ‘person’ includes a corporate body; to bid on their behalf up to their maximum authorised bid • words of one gender include the other genders; for the lot in question. Remember! If you’re not planning to attend • references to legislation are to that legislation as it may have been modified or re-enacted by the date of the auction or the the auction, but would like to bid by proxy contract date (as applicable); and 4. If the Bidder is successful the Bidder or phone, you must fill and return the form • where the following words printed in bold type appear they have the specified meanings. hereby authorises the Auctioneers to sign the in this catalogue or contact the Great North team to pre-register on: Approved financial institution Memorandum of Agreement on their behalf. Any bank or building society that has signed up to the Banking Code or Business Banking Code or is otherwise acceptable to us. 0191 2390 802 [email protected] Auction The auction advertised as online or in the catalogue (as applicable).

34 35 Auction conduct conditions AUCTION CONDUCT CONDITIONS The conditions so headed, including any extra auction conduct conditions. A1 Introduction Auctioneers A1.1 Words in bold type have specified meanings, which are defined in the Glossary. The auctioneers of the auction. A1.2 Where a property is advertised for auction: (a) online, you have been given access to that auction only on the basis that you accept these auction conduct conditions; Buyer Information Pack (b) in a catalogue, you are only issued that catalogue on the basis that you accept these auction conduct conditions, which govern our The pack of documents relating to a property which is advertised online for conditional auction. relationship with you and cannot be disapplied or varied by the sale conditions (even by a condition purporting to replace the whole of the Conditional Auction Conditions). They can be varied only if we agree. Business day Any day except (a) a Saturday or a Sunday; (b) a bank holiday in England and Wales; or (c) Good Friday or Christmas Day. A2 Our role A2.1 As agents for each seller we have authority to: Buyer (a) prepare the catalogue (as applicable) from information supplied by or on behalf of each seller; The person who agrees to buy the property or, if applicable, that person’s personal representatives. If two or more are jointly the (b) offer each property for sale by conditional auction; Page 1 of 3 V3.1 buyer their obligations can be enforced against them jointly or against each of them separately. (c) receive and hold reservation deposits (if applicable); (d) receive reservation fees (if applicable); Catalogue (e) sign each reservation form on behalf of each seller; and Any catalogue to which the conditions refer including any supplement to it. (f) treat a reservation form as repudiated if the buyer fails to sign that reservation form or pay a reservation fee or reservation deposit (as applicable). Condition A2.2. Our decision on the conduct of the conditional auction is final. One of the auction conduct conditions or sales conditions. A2.3 We may cancel the conditional auction, or change the way in which a property is offered for sale. We may also combine or divide properties. A property may be sold or withdrawn from sale prior to the conditional auction. Conditional auction A2.4 You acknowledge that to the extent permitted by law we owe you no duty of care and you have no claim against us for any loss. A conditional or “modern method” of auction as described in these conditions.

A3 Bidding and reserve prices Contract A3.1 All bids are to be made in pounds sterling exclusive of any applicable VAT. The contract by which the Seller agrees to sell, and the Buyer agrees to buy the Property. A3.2 We may refuse to accept a bid. We do not have to explain why. A3.3 All bids made online must comply with the terms and conditions which apply to use of our website or to the use of our partner’s Online websites (as applicable). On our website or, where applicable, one of our accredited partner’s websites. A3.4 if there is a dispute over bidding we are entitled to resolve it, and our decision is final. A3.5 Unless stated otherwise each property is subject to a reserve price (which may be fixed just before the property is offered for sale). If Property no bid equals or exceeds that reserve price the property will be withdrawn from the conditional auction. Each separate property described in the catalogue or as the case may be online. A3.6 Where there is a reserve price the seller may bid (or ask us or another agent to bid on the seller’s behalf) up to the reserve price but may not make a bid equal to or exceeding the reserve price. You accept that it is possible that all bids up to the reserve price are bids Price made by or on behalf of the seller. The price that the buyer agrees to pay for the property. A3.7 Where a guide price (or range of prices) is given that guide is the minimum price at which, or range of prices within which, the seller might be prepared to sell at the date of the guide price. But guide prices may change. The last published guide price will normally be at or Reservation Deposit above any reserve price, but not always – as the seller may fix the final reserve price just before bidding commences. A non-refundable deposit paid by the buyer to us to reserve a property. This deposit is used by the seller to pay our fees for conducting the conditional auction. A4 The Buyer Information Pack and other information A4.1 We have taken reasonable care to describe each property (either online or in a catalogue). The description of a property is based on Reservation Fee information supplied by or on behalf of the seller. You need to check that the information is correct. A non-refundable fee paid by the buyer to us to reserve a property. This is in payment of our fees for conducting the conditional A4.2 The description of a property and the Buyer Information Pack may change prior to the conditional auction and it is your responsibility auction. to check that you have the correct versions. A4.3 If we provide information, or a copy of a document, provided by others we do so only on the basis that we are not responsible for the Reservation Form accuracy of that information or document. The form of contract which is to be signed by a buyer and by us (on behalf of the seller) reserving the property for sale by the seller to the buyer as further described in the conditions of reservation. A5 the reservation agreement Seller A5.1 A successful bid is one we accept as such (normally on the fall of the hammer or close of an auction online). This condition A5 applies The person selling the property. If two or more are jointly the seller their obligations can be enforced against them jointly or to you if you make the successful bid for a property. against each of them separately. A5.2 You are required to enter into a reservation agreement which obliges you to proceed to purchase the property at the price you bid plus VAT (if applicable). We (and us and our) The auctioneers. A5.3 You must: (a) provide all information we reasonably need from you to enable us to complete the reservation form (including proof of your identity and

You (and your) address if required by us); Someone who bids on an auction, whether or not a buyer. (b) sign the completed reservation form; and

36 37 (c) pay the reservation fee or reservation deposit (as required by the reservation form). R5 Buyer’s obligations A5.4 If you do not we may either: R5.1 The buyer agrees: (a) as agent for the seller treat that failure as your repudiation of the reservation form and offer the property for sale again. The seller may (a) to proceed to a formal exchange of contracts and completion within the exclusivity period; then have a claim against you for breach of contract; or (b) to immediately instruct the buyer’s solicitors to investigate title to the property, negotiate the draft contract for the purchase of the (b) sign the reservation form on your behalf. property, raise enquiries of the seller and any third parties about the property and do any other work required to enable contracts for the A5.5 Where a reservation deposit is paid, that reservation deposit: purchase of the property to be exchanged, and for completion to take place, within the exclusivity period; (a) is to be held by us as agent for the seller, but otherwise is to be held as stated in the reservation conditions; and (c) to promptly: (b) must be paid in pounds sterling either by credit/debit card or by way of a bank transfer made payable to us from an approved financial (i) if the buyer intends to use a loan in connection with the purchase of the property, the buyer shall apply to the relevant lender and institution. Please note, we are not able to accept payments made in cash or accept Bank Transfers where the deposit for the transfer was complete all necessary documentation and do all such things as such lender may require to process the buyer’s application as soon as paid in cash. possible including the payment of any application fees; A5.6 We may retain the reservation form signed by or on behalf of the seller until the reservation deposit or reservation fee (as applicable) (ii) if the buyer or the buyer’s mortgagee or lender requires that the property is surveyed and/or valued, the buyer will use all reasonable has been received in cleared funds. endeavours to arrange for the survey and/or valuation to take place at A5.7 If you do not comply with your obligations under the reservation form then you are personally liable to comply with the obligations the property as soon as reasonably practicable including the payment of any valuation fee; under the reservation form even if you are acting as an agent for the buyer. (iii) keep the auctioneer and the seller’s solicitors advised of progress with the application for the loan; A5.8 Where the buyer is a company, you warrant that the buyer is properly constituted and able to buy the property. (d) Within 5 working days of receiving draft contracts from the seller’s solicitor, the buyer must ensure that their nominated solicitor has raised initial enquiries in relation to the draft contract, in writing with the seller’s solicitor. If this has not been undertaken, the seller RESERVATION CONDITIONS reserves the absolute right to re-offer the property for sale free of any obligation to the buyer. In this event the Reservation Fee is deemed non-refundable. R1 Introduction (e) the date of completion shall be specified in the contract exchanged for the purchase of the Property, but such date shall be no later than R1.1 Words in bold type have specified meanings, which are defined in the Glossary. 56 days from the date the draft contract was received by the Buyer’s solicitor; R1.2 Where you win a conditional auction for a property you must sign a reservation form, which is a legally binding contract between the (f) the buyer shall pay to the auctioneer the cost of the preparation of the Buyer Information Pack relating to the property; buyer and seller reserving the property for purchase by the buyer within 2 hours of the winning bid being accepted and the auction ending. (g) buyer has received the Buyer Information Pack (if applicable) and is ready willing and able to proceed with the purchase of the property; R.1.3 These reservation conditions summarise the terms of the reservation form. (h) the buyer agrees that if contracts for the purchase of the property have not been legally and unconditionally exchanged within the exclusivity period the seller has the absolute right to re-offer the property for sale free of any obligation to the buyer. R2 Payment of reservation fee R2.1 This condition applies where a reservation fee must be paid by you on winning a conditional auction for a property. Payment is to be R6 Termination of reservation made within 2 hours of the winning bid being accepted and the auction ending. R6.1 The reservation form shall not be capable of termination by the seller or buyer during the exclusivity period except as specified below. R2.2 Conditional upon payment of the reservation fee and you signing the reservation form, the property shall be reserved to the buyer for R6.2 On the expiry of the exclusivity period specified in the reservation form (or the expiry of any extension granted by the seller in the reservation period stated in that reservation form, this is the period in which time the buyer is to exchange contracts to purchase the writing) If the buyer has not completed the purchase of the Property, the reservation of the property shall terminate at the discretion of the property. auctioneer. R6.3 The seller may terminate the reservation of the property with written notice to the buyer if the buyer is in breach of the buyer’s R3 Payment of reservation deposit obligations set out above. R3.1 This condition applies where a reservation deposit must be paid by you on winning a conditional auction for a property. Payment is to be made within 2 hours of the winning bid being accepted and the auction ending. R7 Binding obligations R3.2 The reservation deposit is to be held by us and, following formal exchange of contracts for the sale and purchase of the property, R7.1 These conditions of reservation must be read in conjunction with the reservation form applicable to a particular property. Where there transferred to the seller’s solicitors as part payment of the purchase price under the contract for the purchase of the property. is any conflict or inconsistency between these conditions and the provisions of an individual reservation form, the relevant provisions of the reservation form shall apply. R4 Seller’s obligations R7.2 As these conditions and the reservation form comprises legally binding obligations on you, it is recommended you seek independent R4.1 On the reservation form being signed and either reservation fee or reservation deposit being paid, the seller will grant to the buyer a legal advice on these conditions and the reservation form before making any bid on a property. period of exclusivity. R4.2 During the exclusivity period the seller agrees: R8 Auctioneer (a) he or she has instructed us not to agree another reservation of the property; R8.1 You acknowledge and agree that we act as an agent of the seller and not in our own capacity. (b) not to encumber or deal with the title to the property; R8.2 Save in the event of fraud or death or personal injury resulting from our negligence, neither the us nor any of our group companies, (c) not to send, instruct or allow anyone else to send any contract for sale of the property to anyone other than the buyer’s solicitors; affiliates, third party service providers, licensors, officers, directors or employees shall have any liability of any nature howsoever arising in (d) to give such access to the property as may be reasonably required by any surveyor or valuer appointed by the buyer; relation to these conditions or to any property (e) not to give access to any other person to view the property nor negotiate with anyone other than the buyer any terms for the sale of the property; (f) to use all reasonable endeavours to proceed to a formal exchange of contracts within the exclusivity period; (g) to supply all documentation, information and authority to enable the seller’s solicitors to draft and negotiate the sale and purchase contract and do all work necessary to enable contracts for sale of the Property to be exchanged and completed within the exclusivity period; (h) to immediately instruct the seller’s solicitors to issue a contract for the sale of the property to the buyer’s solicitors and to do all other work required to enable contracts for the sale of the property to be exchanged within the exclusivity period. R4.3 The seller may (but shall not be obliged to) grant an extension of the exclusivity period stated in the reservation form. Any such extension shall be confirmed in writing.

38 39 0191 2390 802 greatnorthpropertyauction.co.uk

Great North Property Auction

Next Live Auction Date: Tuesday 17th September 2019 Venue: Emirates Riverside Cricket Ground, Chester le Street, DH3 3QR

PROUDLY IN PARTNERSHIP WITH:

The Auction Department 6th Floor Arden House, Regent Centre, Gosforth, Newcastle upon Tyne, NE3 3LU 0191 2390 802 | www.greatnorthpropertyauction.co.uk | [email protected]

The Auction Department is a Trading Name of IAM Sold Ltd Registered Company in England and Wales. Company Number: 7051399 VAT REG: 319 1600 25

IAM Sold are an auction management service provider offering bespoke white label auction services to Estate Agents across the UK and Ireland, visit our website for further information iam-sold.co.uk 40