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2 bedroom flat for sale
35 Derwent Street, Chopwell, Newcastle upon Tyne NE17 7HZ
£10,000
35 Derwent Street, Chopwell, Newcastle upon Tyne NE17 7HZ
£10,000
Our Summary
- Offered via online auction finishing 29th April
- FOR SALE VIA NATIONAL ONLINE AUCTION
- Auction House would like to present this two bedroom property located in Chopwell and offered to the market via online auction
- This property is in need of some renovations but provides an excellent investment property in a sought after rental area, with rents expected in the £500pcm region, an annual income of £6000
- IDEAL INVESTMENT OPPORTUNITY
- PLEASE REGISTER TO BID VIA OUR WEBSITE - AUCTION HOUSE SOUTH YORKSHIRE
Description
This two-bedroom property in Chopwell is being offered via online auction and is scheduled to close on April 29th. The property, which has its own access and stairs leading up to the apartment, is in need of renovation but provides an excellent investment opportunity in a sought-after rental area, with expected rents of £500 per month and an annual income of £6,000. The property is located in a desirable area with local amenities, transport links, parks, and walking spots nearby. The leasehold property has 999 years remaining from 2004, with a peppercorn ground rent, and an EPC rating of C. The buyer will be required to pay an administration fee of £3,600 inc VAT upon exchange of contracts, and may also be liable for disbursements listed in the legal pack.