•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
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.
Total - Approx. gross internal floor area 66 m2 / 710 ft2
(Measurement taken from the EPC).
We understand the property to have mains electricity, water and drainage. However, interested parties are advised to make their own enquiries.
Long Leasehold - 999 years from 12th April 1990
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.
The property is rated in Council Tax Band A. Council Tax payable (2019/20) is approximately £1,314.
2% (min. £3,600) inc. VAT