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2 bedroom apartment for sale
Apartment 6 Elmfield Court, Bedlington, NE22 7GA
£180,000
Apartment 6 Elmfield Court, Bedlington, NE22 7GA
£180,000
Our Summary
- **SALE BY AUCTION** – A Modern Fully Furnished Two-Bedroom Ground Floor Apartment, Let on Guaranteed Rent to a Housing Association – Producing £18,200 Gross Rent Per Annum with a 10% NET Return Assured for 25 Years, – Fully Hands-Off Investment with a Buy-Back Option at Year Three Offering a 30% Uplift
- **For Sale By Public Auction – To inspect the legal documents for this property, please visit our website to download the legal pack
- This is a cash-only purchase and offers an exceptional investment opportunity in Batley
- A buy-back option is available at year three with a 30% uplift, further enhancing long-term value
Description
This modern, fully furnished two-bedroom ground floor apartment is a rare investment opportunity in Batley, producing £18,200 gross rent per annum with a 10% NET return assured for 25 years. The property is let on a guaranteed rent agreement backed by a government scheme and secured through a CBS Registered Housing Association, providing a hands-off investment with no void periods, no service charges, and no management fees. The apartment is situated within a purpose-built block constructed in 2017, with double-glazed windows and mains gas central heating, and offers a buy-back option at year three with a 30% uplift. With a 125-year lease from 2017 and approximately 107 years unexpired, this property is an attractive option for investors seeking a high-yield return with minimal hassle.