Barnfield Road, Spennymoor, DL16 6EB £126,000 Starting Bid


An amazing development opportunity to acquire this extremely SPACIOUS THREE BEDROOM DETACHED PROPERTY on Barnfield Road which comprises an area of land approximately 0.19 acres. This substantial property has outbuildings and a smaller separate building which have had various uses over the years. A stones throw from Spennymoor town centre, local amenities, schools and bus routes. This spacious property would provide an ideal home or indeed an interesting project for the property investor as the owner informs me that there was outline planning permission for a residential development of FOUR TERRACE PROPERTIES consisting of two TWO BEDROOMED and two THREE BEDROOMS PROPERTIES with GARDENS and OFF STREET PARKING. We have been informed that the outline planning permission is now expired and would suggest speaking to the local authority to obtain current necessary permission. The property in brief comprises of ENTRANCE HALL, LOUNGE, SITTING ROOM, BREAKFAST ROOM, KITCHEN, whilst to the first floor THREE substantial BEDROOMS and LARGE BATHROOM. In more detail the accommodation comprises of

Entrance Hall
Staircase to first floor, single central heating radiator and under stairs storage cupboard
Bay window to front elevation, feature fire surround and central heating radiator 14'8 x 14'
Sitting Room
Bay window to front elevation, feature fire surround and central heating radiator 14'8 x 13'9
Breakfast Room
UPVC window to side elevation, feature fire surround, large storage cupboard and central heating radiator 15'9 x 14'2
uPVC window to rear elevation 15'3 x 8'7
First Floor

Window to front elevation, central heating radiator and loft access
Bedroom One
UPVC window to rear and side elevation, central heating radiator 16'1 x 14'5
Bedroom Two
UPVC window to front elevation and double central heating radiator 15'10 x 14'2
Bedroom Three
UPVC window to front elevation and double central heating radiator 14'9 x 14'2
Panelled bath, shower cubicle, pedestal wash hand basin, low level w/c, double central heating radiator and uPVC window to rear elevation

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, but grant 28 days to achieve exchange of contracts from the date the buyer's solicitor is in receipt of the draft contracts and a further 28 days thereafter to complete. 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 3.5% plus VAT; to a minimum of £5,000.00 + VAT (£1,000.00) = (£6,000.00) which secures the transaction and takes the property off the market. Fees paid to the Auctioneer may be considered as part of the chargeable consideration for the property and be included in the calculation for stamp duty liability. Further clarification on this must be sought from your legal representative. The buyer will be required to sign an Acknowledgement of Reservation form to confirm acceptance of terms prior to solicitors being instructed. Copies of the Reservation from and all terms and conditions can be found in the Buyer Information 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 Great North Property Auction powered by iam-sold Ltd. Reservation Fee is in addition to the final negotiated selling price.

Further Details



Property Type:
House - detached

Property Status:
For Sale

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