Guide price
£39,950
2 bed flat for sale
Gerald Street, Benwell, Newcastle Upon Tyne NE4Auction
2 beds
1 bath
1 reception
EPC Rating: C
Key information
Tenure
Council tax band
A
About this property
Auction
Investment opportunity
Ground floor flat
Two bedrooms
Rear yard
Leasehold
992 years remaining as at August 2024
No ground rent or service charge
Council Tax Band A
EPC Rating C
Investment Opportunity
For sale by auction as an investment opportunity is this ground floor flat located in Benwell. The accommodation briefly comprises of entrance lobby, entrance hall, living room, kitchen, two bedrooms and bathroom. Externally there is a yard to the rear. The property benefits from double glazing throughout.
The property is currently tenanted, achieving an income of £580pm (£6,960 per annum), we have had sight of the tenancy agreement. The tenant has verbally advised that they have been here since 2012 and wish to remain.
The property is situated close to local public transport routes to and from Newcastle city centre, the MetroCentre, and easy access to the A1 and A69.
Early viewing is recommended.
Council Tax Band: A
EPC Rating: C
Primary services supply
Electricity: Mains
Water: Mains
Sewerage: Mains
Heating: Gas
Broadband: Fibre
Mobile Signal Coverage Blackspot: No
Parking: On Street Parking
Mining
It is not known if the property is situated on a coalfield. It is also not known if the property has been directly impacted by the effect of other mining activity. The North East region is famous for its rich mining heritage and confirmation should be sought from a conveyancer as to its effect on the property, if any.
Tenure
It is understood that this property is leasehold. Should you decide to proceed with the purchase of this property, the Tenure and associated details and costs must be verified by your Legal Advisor before you expend costs.
Length of Lease: 992 years remaining as at August 2024
No ground rent or service charge.
For Sale by Auction: Monday 30th September 2024
Option 1
Terms and Conditions apply
Each auction property is offered at a guide price and is also subject to a reserve price. The guide price is the level where the bidding will commence. The reserve price is the seller’s minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price, which may be up to 10% higher than the guide price, is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction. The successful buyer pays a £2000+VAT (total £2400) Auction Administration Fee.
Joint Agents: The Agents Property Auction Ltd
Terms and conditions apply see website www. Agents Property Auction. Com
Entrance Lobby
Entrance Hallway
Built in understair cupboard.
Bedroom One (17' 0'' x 13' 10'' into bay (5.18m x 4.21m))
Double glazed bay window to the front. Radiator.
Bedroom Two (10' 8'' x 8' 2'' (3.25m x 2.49m))
Double glazed window to the rear. Radiator.
Lounge (14' 3'' x 10' 10'' (4.34m x 3.30m))
Double glazed window to the rear. Radiator.
Kitchen (12' 0'' x 7' 0'' (3.65m x 2.13m))
Double glazed window. Sink/drainer. Plumbed for washing machine. Electric cooker point. Radiator. Door to the rear.
Bathroom
Double glazed window. Bath with shower over. Pedestal wash hand basin. Low level WC. Radiator.
External
Yard to the rear.
More information
Listed by
Rook Matthews Sayer - Fenham