This property is being sold through a modern method of auction, where the buyer will enter an exclusivity agreement with the seller after the fall of the gavel or acceptance of an offer. The buyer will pay a non-refundable exclusivity fee, either 2.5% + VAT of the sales price or £3,500 plus VAT, whichever is greater, marking the start of an exclusivity period of sale. The buyer will then have 28 days to exchange contracts and complete the sale. The auction is scheduled to take place on Wednesday, February 12th, 2025, through partner agents Auction House North East.