Location: Bank Top, Crawcrook, Ryton, Tyne & Wear, NE40 4EF
Property type: building plot with planning permission for 4 bed detached house
Reason for auction: Site was fly tipped, Japanese knotweed infested and planning was due to expire
Seller: Investment company
Guide price: £12,000
Sold price: £25,000
History of This Auctioned Property in Tyne and Wear England
An investment company had owned the site for many years, having once rented a commercial building on the site. This had long since become dilapidated and partially collapsed.
Planning permission was in place for a new house but the permission only had a few weeks left before it expired.
The owners had the choice to start the build, renew the plans or sell the site. After consulting with sell by auction and meeting at the site they saw that it had been fly-tipped, was now infested with Japanese knotweed and become an eyesore with neighbours complaining and threatining to take legal action.
The obvious route was immediate disposal by selling at auction. This was successfully managed and sold by Sell By Auction in less than 3 weeks. All our valued customers enjoy our Free entry along with no sale no fee policy.
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