NOW TAKINGS BIDS - End Date 25/10/19 at 12
Oak villa Circa built in 1899 presents a rare opportunity to purchase a substantial 5 Bedroom Victorian Stone built Villa . The property is set in large gardens and has 3 fields to the rear totalling 5.5 acres or 2.23 Hectares.
The property is situated on the edge of Chopwell Village and has development potential as an improved family home or as an entry level equestrian facility.
Chopwell is a village in Tyne & Wear located 3 miles west of Rowlands Gill and 1 mile north of Hamsterley. With an active community centre, a good village school, public transport links to Newcastle and Consett, numerous walking trails, cycle routes and bridleways for visitors to enjoy, Chopwell can be a very pleasant place to live.
Looking back into history, this property was likely to be owned by a wealthy Victorian Land owner ; It is stone bulit with high pitched roof, bay windows , dark wood floors, high ceilings and large recently renovated windows which fill the house with natural light. The House is south facing and has unparalleled views over the Derwent Valley. The property is in easy commuting distance of Newcastle, Durham and Hexham and only 6 miles from Wylam Railway Station.
The property briefly comprises of Porch, Entrance Hall, Three Large Reception rooms complete with impressive marble fireplaces, Kitchen, Back Porch and a Downstairs W.C. Upstairs there are Four Double Bedrooms fitted with fireplaces, One Single Bedroom, A good size Bathroom and a Spacious Landing area.
The property is in need of complete internal renovation but is structurally in very good order. There are a series of outbuildings that could be converted to stables or a garage and a very large dilapidated glass house. Access could be created from the garden to the fields to the rear.
Auctioneers Comments - This property is for sale by the Modern Method of Auction which is not to be confused with Traditional auction. The Modern Method of Auction is a flexible buyer friendly method of purchase. We do not require the purchaser to exchange contracts immediately, 56 days to allow both exchange, and completion. Allowing the additional time to exchange on the property means interested parties can proceed with traditional residential finance. Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to put down a non-refundable Reservation Fee of 4.2% subject to a minimum of £6000.00 (inc VAT) which secures the transaction and takes the property off the market. The buyer will be required to sign an Acknowledgment of Reservation form to confirm acceptance of terms prior to solicitors being instructed. Copies of the Reservation form and all terms and conditions can be found in the Legal Pack which can be downloaded for free from the auction section of our website or requested from our Auction Department.
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 Modern Method of Auction, which is operated by The Great North Property Auction powered by iam-sold Ltd. ****Please note the property is subject to probate – probate has been applied and await return. ***Note to buyers - there may be a delay in issuing the draft contract of sale. Any questions please call the Auction Department 0191 239 0802.
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