Auction Property 2 Bed House 

North Gate, Newark

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Features

  • Auction Date: 24th & 25th April 2019
  • Two-bedroom terraced house
  • Two reception rooms
  • Spacious cellar
  • To be sold with vacant possession
  • Freehold
  • Previously let at £450pcm (£5,400 per annum)
  • Excellent transport links
  • Close to local amenities

Quick Details

2 Bedrooms1 Reception1 Bathroom

Address

134 North GateNewarkNottinghamshireNG24 1HJ
Details
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Property Details

A town centre located, mid terraced house with two bedrooms representing an excellent first time buy or investment opportunity. The property benefits from central heating which is gas fired and UPVC double glazed windows on rooms to the front elevation.

The accommodation comprises: lounge with wooden door, radiator and moulded ceiling cornice; lobby with steps giving access to the cellar; dining room with radiator, laminate floor covering, wooden window to the rear elevation and a door giving access to the first-floor staircase; kitchen with radiator, automatic washing machine, space for appliances and plumbing.

On the first floor there are two bedrooms; both with radiators and one with UPVC double glazed windows and an original cast iron fireplace. The family bathroom enjoys a panelled bath and shower over, part tiled walls, extractor, towel radiator and wall mounted Ideal Logic Plus boiler. All rooms on the first floor have separate access from the landing.

Outside there is an enclosed yard with a small area of lawn and two brick outbuildings.

Accommodation

Lounge – 11’5” 11’6” (3.48m x 3.51m)
Cellar – 11’5” x 11’6” (3.48m x 3.51m)
Dining Room – 11’4” x 11’7” (3.45m x 3.53m)
Kitchen – 7’8” x 5’7” (2.34m x 1.70m)
Bedroom 1 – 11’6” x 11’4” (3.51m x 3.45m)
Bedroom 2 – 11’4” x 6’7” (3.45m x 2.01m)
Bathroom – 8’3” x 4’8” (2.51m x 1.42m)
(Figures provided by third party source)

Services

We understand the property to have mains electricity, water and drainage.

Investment Analysis

The property previously let at £450pcm (£5,400 per annum) equating to a gross yield of 8.64%

Tenure

Freehold

Council Tax

The property is rated in Council Tax Band A. Council Tax payable (2019/2020) is approximately £1,350 pa.

Guide Price

£62,500+

Buyer’s Premium

2% (min. £3,600) inc. VAT.

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If you are thinking of selling your property, contact us now for a free appraisal and benefit from:

•0% Seller Fee
•£0 Entry Fee
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•20 Working Day Completion
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