2 Bed Flat, Potential PLO/LOA, South Shields, NE33 3JX, £59,000

86 Wharton Street, South Shields, Tyne And Wear, NE33 3JX - 3 views - 6 months ago

Leasehold
Auction
Negative Equity
ROI: 13%
~68 m²
+7 photos

ValuationUndervalued











Cashflows



































Property History

Price changed to £59,000

January 23, 2025

Listed for £60,000

-43%

October 8, 2024

Sold for £86,000

2007

Sold for £42,000

2003

Sold for £29,950

1998

Description

  • Being Sold via Secure Sale online bidding. Terms and Conditions apply. +
  • No upper chain +
  • Great first time buy +
  • Modern kitchen and bathroom +
  • Ideal investor buy with potential 12% yield +
  • Council tax band A +
  • Close to the coast +
  • Central location +

This charming two-bedroom ground floor flat presents a fantastic opportunity for first-time buyers or investors. Situated in a central location, just a short walk from the coast, the property is offered below market value with no upper chain, making for a hassle-free purchase.

Inside, it features an entrance hallway with a storage cupboard, modern lounge, two double bedrooms, a modern kitchen, and a contemporary four-piece bathroom. There is also a private rear yard. For investors, the flat offers an attractive potential rental yield of 12%, making it a highly appealing prospect.

Entrance Hallway

Lounge (4.45 x 3.6 (14'7" x 11'9"))

Modern lounge with neutral decoration, wall mounted electric fire and access to the kitchen

Kitchen (4.05 x 2.15 (13'3" x 7'0"))

Modern white high gloss kitchen with a range of wall and base units. Contrasting work surfaces and splash back tiling. There is an electric hob and integrated oven with stainless steel extractor over, access to the rear yard .

Bathroom (2.8 x 2.4 (9'2" x 7'10"))

Modern tiled bathroom comprising of a recessed walk in shower, white panel bath, wash hand basin and low level wc.

Bedroom 1 (5.35 x 3.85 (17'6" x 12'7"))

Spacious double bedroom with a front facing aspect.

Bedroom 2 (3.4 x 2.4 (11'1" x 7'10"))

Double bedroom with a rear facing aspect.

External

Private yard to the rear.

Council Tax Band: A
Tenure: Leasehold
Length Of Lease: 58

Agent Details

Pattinson Estate Agents, Auction

0191 625 0242

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

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