Auction Property 2 Bed Flat 

Sunderland Road, Gateshead

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Features

  • Auction Date: 25th & 26th September 2019
  • Two-bedroom ground floor flat
  • Popular residential location
  • Well-presented throughout
  • Approximately 710 sq.ft. (taken from EPC)
  • Potential income of £6,000 per annum
  • Potential gross yield of 16%
  • Approx. 1 mile from the town centre
  • On street parking
  • Peppercorn ground rent

Quick Details

2 Bedrooms1 Reception1 Bathroom

Address

386 Sunderland RoadGatesheadTyne & WearNE8 3QP
Details
EPC
Map
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Property Details

•For Sale By Online Auction: 25th & 26th September 2019
•Guide Price: £37,500+
•Two-bedroom ground floor flat
•Sold with vacant possession
•Potential Income: £6,000 per annum
•Long leasehold

This two-bedroom ground floor flat is located within this terraced period property on Sunderland Road, conveniently situated for access to all local amenities. There are excellent transport links to Newcastle City Centre, Gateshead Metrocentre and Team Valley retail park.

The accommodation includes; entrance hallway, spacious living room, kitchen, two bedrooms and three-piece bathroom. The two bedrooms are generously sized, one of which benefits from a large bay window. The property has been recently decorated with new carpets fitted throughout.

Externally, the property offers on street parking to the front and a courtyard to the rear with the benefit of vehicular access.

Accommodation

Total - Approx. gross internal floor area 66 m2 / 710 ft2
(Measurement taken from the EPC).

Services

We understand the property to have mains electricity, water and drainage. However, interested parties are advised to make their own enquiries.

Tenure

Long Leasehold - 999 years from 12th April 1990

Investment Analysis

The property is to be sold with vacant possession; however, we understand the property is likely to rent for £500 pcm (£6,000 per annum), reflecting a potential gross yield of 16%, based on the guide price.

Council Tax

The property is rated in Council Tax Band A. Council Tax payable (2019/20) is approximately £1,314.

Buyer's Premium

2% (min. £3,600) inc. VAT

Energy Performance Certificates

Location Map

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