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Apartment 35 Derwent Street... 2 bed flat for sale
Apartment 35 Derwent Street, Chopwell, Newcastle upon Tyne NE17 7HZ
£10,000
Apartment 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
- OPEN VIEWING DATE - Friday 16th May - 11:00 - 11:30Auction 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
- For sale via national online auction
- IDEAL INVESTMENT OPPORTUNITY
- Ideal investment opportunity
- PLEASE REGISTER TO BID VIA OUR WEBSITE - AUCTION HOUSE SOUTH YORKSHIRE
- Please register to bid via our website auction house south yorkshire
Description
This two-bedroom property in Chopwell is being offered for sale via online auction, with bidding opening on May 19th and closing on May 20th. The property has its own access and stairs leading up to the apartment, and features a lounge, bathroom, kitchen, and rear yard. While it requires some renovations, it offers an excellent investment opportunity in a sought-after rental area, with expected rents of £500pcm and an annual income of £6,000. The property is located near local amenities, transport links, parks, and walking spots, and is leasehold with 999 years remaining on the lease. The EPC rating is C, and the council tax band is A. An administration fee of £3,600 inc VAT will be payable on exchange of contracts, and disbursements may also be payable by the purchaser on completion.