South Street, Durham (Freehold Property)

Starting Price* £500,000

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  • Overview
  • Particulars
  • Request Details
  • Agent Details
  • Fees & Charges Explained

Property Overview

This exceptional Grade II listed property
benefits from magnificent views of Durham
cathedral, and offers spacious wellproportioned accommodation with many
notable original features. Spread over three
floors plus a cellar, it offers 3 reception rooms,
5 bedrooms, conservatory, and spacious
private garden to the rear. Heritage features
include its distinctive neo-Gothic façade, fine
period fireplaces, cornices, and staircase
carvings. Sold via modern method of auction
T&C's apply. EPC exempt.

Location
On South Street, one of Durham’s most
sought after locations, within easy walking
distance of the city centre, and close to
excellent schools, shops, and road and rail
connections. This is an opportunity to acquire
one of Durham’s most interesting historic
houses, with potential for development into a
superb family home.

Starting Bid and Reserve Price

*Please note this property is subject to an undisclosed reserve price which is generally no more than 10% in excess of the starting bid, both the starting bid and reserve price can be subject to change. Terms and conditions apply to the auction, which is powered by IAM Sold.

Auctioneer's 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.

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 property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.

Referral Arrangements

The Partner Agent and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted.

Where services are accepted the Auctioneer or Partner Agent may receive payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you.

Energy Performance Certificate (EPCs)

Energy Performance Certificates (EPCs) give information on how to make your home more energy efficient and reduce your energy costs. All homes bought, sold or rented require an EPC. EPCs carry ratings that compare the current energy efficiency and estimated costs of energy use with potential figures that your home could achieve. Potential figures are calculated by estimating what the energy efficiency and energy costs could be if energy saving measures were put in place. The rating measures the energy efficiency of your home using a grade from ‘A’ to ‘G’. An ‘A’ rating is the most efficient, while ‘G’ is the least efficient. The average efficiency grade to date is ‘D’. All homes are measured using the same calculations, so you can compare the energy efficiency of different properties.

Property Particulars

Ground Floor Entrance Hall Carved front door, decorative cornice and staircase arch, fine staircase with carved animals on newels, door to cloakroom area and deliveries lobby, radiators. Access Hallway Door to main street access to:- Cloakroom/WC Low level WC, hand wash basin, tiled splash back. Second Reception Room 4.52m x 4.045m (14' 10" x 13' 3") Two windows with secondary glazing, period fireplace, ceiling rose and decorative coving, picture rail, radiator. Lounge 4.05m x 7.586m (13' 3" x 24' 11") Patio door, period fireplace, decorative coving, picture rails, two radiators. Dining Room 3.775m x 5.882m (12' 5" x 19' 4") Three windows, door leading to Conservatory,feature fireplace with stone surround, radiator. Kitchen 2.607m x 3.497m (8' 7" x 11' 6") Combination of base and wall units with contrasting work tops, tiled splash back, space for freestanding appliances, extractor hood, plumbed for washing machine, stainless steel sink and drainer unit with mixer tap, radiator. Conservatory Surrounding windows, wood floor, patio door to garden. First Floor First Floor Landing Staircase arch with decorative plaster heads, radiator. Bedroom One 4.113m x 8.026m (13' 6" x 26' 4") Three windows, two cupboards, period fireplace and decorative coving, garden view, radiator. En-Suite Bathroom/WC 2.008m x 2.526m (6' 7" x 8' 3") Walk in electric shower, part tiled, sink inset to vanity, extractor fan, low level WC, radiator. Bedroom Two 4.689m x 4.693m (15' 5" x 15' 5") Bay window with stunning Cathedral views, period fireplace, cornice and ceiling rose, picture rails, radiator. Bedroom Three 3.457m x 3.126m (11' 4" x 10' 3") Window, decorative coving, two cupboards, period fireplace, Cathedral views, radiator. Family Bathroom/WC 2.567m x 3.083m (8' 5" x 10' 1") Window, panelled bath with electric shower over and shower curtain, sink inset to vanity, part tiled, low level WC, cupboard, extractor fan, radiator. Second Floor Second Floor Landing Bedroom Four 4.317m x 5.575m (14' 2" x 18' 3") Window, three eaves storage cupboards, period fireplace, Cathedral views, radiator. Bedroom Five 3.487m x 4.361m (11' 5" x 14' 4") Window, eaves storage cupboard, loft access, Cathedral views, radiator. Cellar Cellar located under the ground floor, staircase. External Rear Garden Enclosed spacious garden, laid to lawn with paved pathway and mature planted borders, garden hut.

Request full details for this property

Please complete the form below to receive full details about the property you are looking at.

All fields marked with an * are required. Please be advised that all calls made to and from iamsold are recorded. Calls are recorded for training and monitoring purposes and may also be used for complaint resolution. Calls are stored securely in accordance with General Data Protection Regulation requirements. Personal information submitted via the request details form will not be shared, rented or otherwise abused.

Reeds Rains

Local Branch: Unit 3, Durham, DH1 3AQ

Fees & Charges Explained

South Street, Durham, DH14QP

This property is sold subject to payment of a non-refundable reservation fee of 4.2% to a minimum of £6,000.00 including VAT.

Any successful purchaser will pay this to secure the sale. The reservation fee is in addition to the purchase price. Please take this into account when bidding.

A reservation fee is payable by the buyer only when the seller pays no fees to sell. As sellers pay no fees to sell, this is usually taken into account with a lower reserve price.

This property is being sold under the Modern Method of Auction, which requires the completion of the purchase to be within 56 days, although all reasonable endeavours must be made to exchange contracts within 28 days following the Draft Contract being received by the Buyer's Solicitor.

A non-refundable Reservation fee must be paid by the buyer within 2 hours 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 and purchase agreement in the 28 day period following the auction or the date of acceptance of the offer.

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.

 

Need More Information?

For further information or to speak to one of our team, please call 0191 239 0802.

Disclaimer

These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person in this firms employment has the authority to make or give any representation or warranty in respect of the property.

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