5 bed flat for sale

Denwick Avenue, Newcastle Upon Tyne NE15

Conditional Auction (option 2)



Online bidding will be opening 25/09/2024 at 09.00am



Disclaimer One

This property is to be sold via conditional auction (option 2). The successful buyer will need to pay a non-refundable deposit of £3,000.00, this deposit will form part of the purchase price of the property. After the deposit has been taken the buyer will then have 28 days to exchange contracts. After the exchange of contracts this purchase must complete no later than 14 days from this date.

Disclaimer Two



Every auction property comes with a guide price and a reserve price. The guide price sets the starting point for bidding, while the reserve price represents the minimum price that the seller is willing to accept at auction. The auctioneer is not allowed to sell the property below this reserve price. The reserve price is not revealed to the public and is kept confidential between the seller and the auctioneer. It may be up to 10% higher than the guide price.

Please note that both the guide price and the reserve price are subject to potential changes leading up to and including the day of the auction.

Disclaimer Three

At your request we can refer you to a Solicitor from our panel. It is your decision whether you choose to deal with them, should you decide to use them you should know that we would receive a referral fee of £180 including Vat from them for the recommendation.

Reservation Fee

This property is sold subject to a non-refundable reservation fee of £2,400.00 inc VAT (£2,000.00 plus VAT) The reservation fee does not form part of the purchase price.

Legal Pack

A legal pack will be available to download before the auctions end date. We strongly recommend all buyers to familiarise themselves with the legal pack prior to bidding.

Registration



To register to bid for this property please copy the link below into your browser.




Particulars

Denwick Avenue in Lemington (NE15), a unique opportunity for investors looking to acquire a pair of flats with sitting tenants. These properties offer immediate rental income and the potential for solid yields. Located in a convenient residential area, these flats present an attractive investment opportunity with scope for further enhancement and value appreciation. Whether you're a seasoned investor or exploring the property market for the first time, these flats with existing tenancy provide a promising investment prospect.

The ground floor flat features two generously sized double bedrooms, a spacious lounge, a well-appointed kitchen, and a bathroom, providing comfortable and functional living spaces.

Ascending to the upper floor, the second flat offers three bedrooms, a generously proportioned lounge, a well-equipped kitchen, and a bathroom, catering to the needs of larger households or those seeking additional space.

Externally, each flat boasts its own private rear yard, providing individual outdoor spaces, along with a communal low-maintenance front garden shared by both properties.

Tenure: Freehold

EPC: C & E

Council Tax: A £1528.03

Material Information: This property is built to standard construction.

Denwick Avenue in Lemington offers residents a well-connected location with easy access to various amenities and transport links. Nearby, you'll find local shops and convenience stores for everyday needs, along with the convenience of an Asda on Scotswood Road for comprehensive grocery shopping just minutes away. The Metro Centre, located just a 10-minute drive away, provides a wealth of retail options with its vast array of shops and dining establishments. Additionally, health and fitness facilities are available within reach. Transport-wise, regular bus services connect the area to Newcastle city center and surrounding locales, while convenient road access to major routes like the A1 and A69 caters to those commuting by car.

We endeavor to make our sales 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. Any 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 measurements have been taken as a guide to prospective buyers only, and are not precise. If you require clarification or further information on any points, please contact us, especially if you are travelling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller by separate negotiation.

EPC rating: C.