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**** For Sale by Modern Method of Auction, Reservation Fee Applies to Successful Bid **** For Sale by Modern Method of Auction, Starting Price £260,000 plus Reservation Fee. Auction - 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 buyers 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.Non-Refundable Reservation Fee - 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% subject to a minimum of £5,000 plus VAT which secures the transaction and takes the property off the market.Acknowledgement Of Reservation Form - 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 Legal Pack which can be downloaded for free from The Great North Property Auction at: www.gnpa.co.uk.Please note this property is subject to an undisclosed reserve price. Terms and conditions apply to the Modern Method of Auction, which is operated by The Great North Property Auction by iam-sold Ltd.To View Or Make A Bid - Contact Dobsons Estate Agents or visit:www.gnpa.co.uk Bank House is an enviably situated Grade II Listed village house, full of character, occupying a prime position within Stamfordham village. It provides generous accommodation spanning three floors and has large gardens to the rear.
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