House For Sale £130,000
For sale by auction on Wednesday, 24 Nov 2021 at 19:00
Venue: Live Stream
Investment Opportunity
Live stream auction on 24th November 2021 7PM start. Bidding will be available by either telephone, proxy or online bidding. If you wish to bid, please download the bidding form via the tab above and return it by email or post with copies of your id and proof of address.
Requiring some refurbishment. A Victorian Three Storey End
Terrace property comprising of five self contained flats. Situated approximately 0.5 miles from the A34 providing links to Newcastle town centre, the A500 and the M6.
The property has four flats currently tenanted and one vacant flat giving a potential return of approximately £16,000 per annum.
The Flats are currently let between £300 per calendar month and £350 per calendar month. We believe that Assured Shorthold Tenancy are in place. At present four of the properties are occupied and rents are up to date.
Viewings
Flat One G/F (bedsit) - £300 pcm - Tenanted
Main Room (3.8m x 4.1m) Shower room
Flat Two G/F - £350 pcm - Tenanted
Open plan living space (2.8m x 3.4m), Bedroom (3.3m x 4.3m)
Flat Three F/F (bedsit) - £300 pcm - Tenanted
Main Room (3.9m x 4.1m), Shower room
Flat Four F/F (bed sit) - £300 pcm - Tenanted
Main Room (4.0m x 3.2m), Kitchenette (1.5m x 1.6m), Shower room
Flat Five S/F Studio Flat - £350 pcm - Vacant
Main Room (3.5m x 4.3m), Kitchen (3.0m x 4.0m)
Communal Laundry Room (F/F)
One room (2.3m x 1.8m)
Rear Yard
Good size area to the rear that could potentially be used as an off road parking area
Services
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Additional Fees
Buyers Premium: £1140 inc VAT payable on exchange of contracts.
Administration Charge - £1200 inc VAT payable on exchange of contracts.
Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Price Information
* Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.
Venue: Live Stream
Investment Opportunity
Live stream auction on 24th November 2021 7PM start. Bidding will be available by either telephone, proxy or online bidding. If you wish to bid, please download the bidding form via the tab above and return it by email or post with copies of your id and proof of address.
Requiring some refurbishment. A Victorian Three Storey End
Terrace property comprising of five self contained flats. Situated approximately 0.5 miles from the A34 providing links to Newcastle town centre, the A500 and the M6.
The property has four flats currently tenanted and one vacant flat giving a potential return of approximately £16,000 per annum.
The Flats are currently let between £300 per calendar month and £350 per calendar month. We believe that Assured Shorthold Tenancy are in place. At present four of the properties are occupied and rents are up to date.
Viewings
Flat One G/F (bedsit) - £300 pcm - Tenanted
Main Room (3.8m x 4.1m) Shower room
Flat Two G/F - £350 pcm - Tenanted
Open plan living space (2.8m x 3.4m), Bedroom (3.3m x 4.3m)
Flat Three F/F (bedsit) - £300 pcm - Tenanted
Main Room (3.9m x 4.1m), Shower room
Flat Four F/F (bed sit) - £300 pcm - Tenanted
Main Room (4.0m x 3.2m), Kitchenette (1.5m x 1.6m), Shower room
Flat Five S/F Studio Flat - £350 pcm - Vacant
Main Room (3.5m x 4.3m), Kitchen (3.0m x 4.0m)
Communal Laundry Room (F/F)
One room (2.3m x 1.8m)
Rear Yard
Good size area to the rear that could potentially be used as an off road parking area
Services
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Additional Fees
Buyers Premium: £1140 inc VAT payable on exchange of contracts.
Administration Charge - £1200 inc VAT payable on exchange of contracts.
Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Price Information
* Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.
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