>
Wensley Close, Ouston, Chester Le... 2 bed flat for sale
Wensley Close, Ouston, Chester Le Street, DH2
£55,000
Wensley Close, Ouston, Chester Le Street, DH2
£55,000
Our Summary
- FOR SALE BY AUCTIONOnline Auction Monday 31st March 202510:00 am - Bidding opens 24 hours priorA modern two bedroom ground floor flat with a garage and a good size westerly facing back garden, occupying a cul de sac position within this popular residential estate
- Excellent Investment Opportunity
- FOR SALE BY AUCTION
- For sale by auction
- Online Auction Monday 31st March 2025
Description
This modern two-bedroom ground floor flat is located in a cul-de-sac within the popular Urpeth Grange estate, offering a good size westerly facing back garden and a garage in a nearby block. The property is currently let, with tenants due to vacate in April 2025, and has potential for rental income of £550-650 per month, yielding 12-14%. The flat features a hall, living room, kitchen, two bedrooms, and a bathroom/wc, with uPVC double glazing and gas-fired central heating. The location is convenient for Chester-le-Street and Birtley town centers, with good road links to Gateshead, Newcastle, Durham, and Sunderland. The property is leasehold, with 48 years remaining on the lease, and ground rent of £15 per annum.