- Two Bedroom First Floor Flat +
- Ideal For First Time Buyers or Investors +
- No Chain Involved +
- Approx. Floor Area: 48sqM or 516.668 sqFT +
- Council Tax Band A +
- EPC RATING D +
This first-floor flat offers an excellent opportunity for both investors OR owner/occupiers. Gas central heating and double glazing throughout. No Chain.
Can be sold with long-term tenant in-situ (currently paying £550pcm but under review to £600) OR with vacant possession i.e. to an owner occupier. Current tenant has been in-situ since 2012 under an expiring Assured Shorthold Tenancy.
Similar properties in the area typically achieve rental incomes of around £600 per calendar month, depending on condition.
The property has a valid Electrical Installation Condition Report until 5th June 2030 and Gas Safety Certificate is valid until 21.05.2026
The property looks onto open fields and the spacious accommodation includes a private entrance lobby with stairs leading to the first-floor landing. There are two double bedrooms, including a front-facing main bedroom with space for wardrobes and a second double room.
The open-plan living area features a lounge with a storage cupboard and a dining area that can easily accommodate a dining table or serve as a workspace.
The kitchen includes an electric cooker, space for a fridge/freezer, and plumbing for a washing machine. Stairs from the kitchen lead to a rear door providing access to the rear yard.
The bathroom/WC is partially tiled and fitted with a bath with shower over
Additional benefits include gas central heating via a Baxi boiler and double glazing throughout.
We understand the flat is on a Tyneside Lease of 999 years from 10th October 1988 leaving approx. 962 years remaining at the date of listing with no ground rent or service charges payable (Full details will be confirmed by solicitors)
MAKING AN OFFER Please note that all offers will require financial verification including mortgage agreement in principle, proof of deposit funds, proof of available cash and full chain details including selling agents and solicitors down the chain. Under New Money Laundering Regulations we require proof of identification from all buyers before acceptance letters are sent and solicitors can be instructed.
IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.
QLF250178/2