2 bed Flat For Sale £35,000
Summary
This ground floor flat is located close to the town center. Benefiting from a unique layout, recently upgraded heating system and electrics, double glazing and a private front garden. Whether you are looking to take that first step onto the property ladder, Searching for a great buy to let or even looking to downsize. This property could be perfect for you.
Rental Expectations
We would expect this property to achieve between 350 - 380 per calendar month. This would provide a gross annual income of 4560
If rented out as a holiday let / serviced accommodation we would expect to have a 70% occupancy rate. We would hope you would achieve 50 per night. At 70% this would provide a gross annual income of 10,400
Anticipated return on investment purchased at the Starting bid of 35,000
Between 13% - 29% Gross
Have You Got A Property To Sell?
Looking to put your property on the market?
Is your property on the market but unsold?
Let Us Sell Your Property For You!
Whilst we are the largest and most established estate agent in the North East we are still family run and independent.
We recruit and train our staff to be proactive and helpful, to be focused on gaining results and putting our customers first.
We are proud to be members of RICS (Royal Institute of Chartered Surveyors) who are internationally recognised as the highest standard in property.
For nearly forty years we have helped the North East move and rent houses. We regularly carry out customer feedback and are delighted with positive comments and many of our landlords and sellers are repeat clients.
If you call us we will answer seven days a week, 362 days a year (we only close on Christmas Day, New Year's Day and Easter).
No other agent has as many offices as us in the North East, your property will be marketed not only by a local branch but by the entire network of twenty nine Pattinson offices giving maximum exposure.
We have a database of 10,000's of registered buyers with 100's of new buyers and tenants registering every week.
We will advertise your property on our website, on all major portals and in local and regional press.
We have a national network of partner agents marketing properties across the country.
Whatever your property need we can help not just selling and renting, but maintenance, management, financial advice, conveyancing, commercial, auctions we offer a full property service.
Mortgage Advice
It is important that you speak to an independent financial adviser to ensure you are getting the best deal on your mortgage. Contact us to arrange an appointment with our adviser Richard Tonks.
Auctioneers Additional Comments
Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.
Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both the marketing agent and The Auctioneer in order that all matters can be dealt with effectively.
This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.
The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via The Auctioneers or the Marketing Agents website.
Auctioneers Additional Comments
Your details may be shared with additional service providers via the marketing agent and/or The Auctioneer.
A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers' obligations and sellers' commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures.
Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon agreement of sale, the successful bidder will be expected to pay a non-refundable deposit and or reservation fee of up to 6% inc VAT (subject to a minimum of between 2,400 and 6,000 inc VAT dependant on geographical location and contract type) Full terms and conditions are available on The Auctioneers website.
The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs. The Auctioneer may believe it necessary or beneficial to the customer to pass your details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or obligation to use these recommended suppliers or services.
This ground floor flat is located close to the town center. Benefiting from a unique layout, recently upgraded heating system and electrics, double glazing and a private front garden. Whether you are looking to take that first step onto the property ladder, Searching for a great buy to let or even looking to downsize. This property could be perfect for you.
Rental Expectations
We would expect this property to achieve between 350 - 380 per calendar month. This would provide a gross annual income of 4560
If rented out as a holiday let / serviced accommodation we would expect to have a 70% occupancy rate. We would hope you would achieve 50 per night. At 70% this would provide a gross annual income of 10,400
Anticipated return on investment purchased at the Starting bid of 35,000
Between 13% - 29% Gross
Have You Got A Property To Sell?
Looking to put your property on the market?
Is your property on the market but unsold?
Let Us Sell Your Property For You!
Whilst we are the largest and most established estate agent in the North East we are still family run and independent.
We recruit and train our staff to be proactive and helpful, to be focused on gaining results and putting our customers first.
We are proud to be members of RICS (Royal Institute of Chartered Surveyors) who are internationally recognised as the highest standard in property.
For nearly forty years we have helped the North East move and rent houses. We regularly carry out customer feedback and are delighted with positive comments and many of our landlords and sellers are repeat clients.
If you call us we will answer seven days a week, 362 days a year (we only close on Christmas Day, New Year's Day and Easter).
No other agent has as many offices as us in the North East, your property will be marketed not only by a local branch but by the entire network of twenty nine Pattinson offices giving maximum exposure.
We have a database of 10,000's of registered buyers with 100's of new buyers and tenants registering every week.
We will advertise your property on our website, on all major portals and in local and regional press.
We have a national network of partner agents marketing properties across the country.
Whatever your property need we can help not just selling and renting, but maintenance, management, financial advice, conveyancing, commercial, auctions we offer a full property service.
Mortgage Advice
It is important that you speak to an independent financial adviser to ensure you are getting the best deal on your mortgage. Contact us to arrange an appointment with our adviser Richard Tonks.
Auctioneers Additional Comments
Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.
Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both the marketing agent and The Auctioneer in order that all matters can be dealt with effectively.
This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.
The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via The Auctioneers or the Marketing Agents website.
Auctioneers Additional Comments
Your details may be shared with additional service providers via the marketing agent and/or The Auctioneer.
A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers' obligations and sellers' commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures.
Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon agreement of sale, the successful bidder will be expected to pay a non-refundable deposit and or reservation fee of up to 6% inc VAT (subject to a minimum of between 2,400 and 6,000 inc VAT dependant on geographical location and contract type) Full terms and conditions are available on The Auctioneers website.
The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs. The Auctioneer may believe it necessary or beneficial to the customer to pass your details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or obligation to use these recommended suppliers or services.
