11, Laurel Way, Ryton, NE40 4XW

Summary Situated on the ever-popular Laurel Way, Ryton, Tyne and Wear, NE40 4XW, this spacious three-bedroom bungalow presents an excellent opportunity for buyers looking to create their ideal home or for investors seeking a property with fantastic potential.

Occupying a generous plot in one of Ryton's most desirable residential areas, the accommodation comprises a welcoming lounge, a bright conservatory overlooking the rear garden, a fitted kitchen, three well-proportioned bedrooms, a family bathroom and an additional separate W/C.

Externally, the property continues to impress with a large driveway providing ample off-street parking, a garage, and a generous rear garden with convenient side access.

While the bungalow would benefit from modernisation throughout, it offers endless scope for improvement, allowing the new owner to add significant value and tailor the home to their own taste and requirements.

This property is perfectly suited to a wide range of buyers, including those looking to downsize to single-level living, families seeking a spacious home in a desirable location, or investors searching for their next renovation project.

Ideally positioned close to a variety of local amenities, shops, schools and excellent transport links, this is a rare opportunity to secure a bungalow with outstanding potential in a highly regarded area.

Early viewing is highly recommended to fully appreciate the size, location and possibilities this property has to offer.

Council Tax Band: D Tenure: Freehold Auctioneers Additional Comments Pattinson Auction are referred to as The Auctioneer.

This auction lot is being sold by either conditional (Modern) or unconditional (Traditional) auction terms and overseen by The Auctioneer.

The method of auction sale and the applicable terms and conditions are found on the lot page of this property on The Auctioneers website.

The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer.

Please be aware that any enquiry, bid or viewing of the subject property will require your details to be shared between any marketing agent and The Auctioneer so that matters can be dealt with effectively.

The property is being sold via a transparent online auction. To submit a bid, all bidders must adhere to a verification of identity process in line with Anti Money Laundering procedures.

Bids can be submitted at any time and from anywhere.

Auctioneers Additional Comments The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price.

The Reserve Price is confidential to the seller and The Auctioneer and will typically be within a range above or below 10% of the Guide Price or Starting Bid. These prices are subject to change.

An auction can be closed at any time, with The Auctioneer permitting the property (the lot) to be sold prior to the end of the auction.

A Legal Pack associated with this property is available to view upon request and contains details relevant to the legal documentation, enabling all interested parties to make an informed decision prior to bidding.

The Legal Pack will also outline the buyers obligations and sellers commitments.

It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

Auctioneers Additional Comments In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price.

The deposit will form part of the purchase price.

A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum fee which could be up to 7,200 inc VAT) is also payable upon agreement of sale.

The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs.

Both the Marketing Agent and The Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received.

There is no requirement or obligation to use any recommended suppliers or services.