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1 and 3 Ingoe Street, Wallsend, Tyne... 3 bed block of apartments for sale
1 and 3 Ingoe Street, Wallsend, Tyne and Wear NE28 0LA
£30,000
1 and 3 Ingoe Street, Wallsend, Tyne and Wear NE28 0LA
£30,000
Our Summary
- Auction Commencing on Monday 27th October at 1pm and ending 24 hours later on Tuesday 28th October at 1pm with Auction House North EastPlease register to bid via our website - auctionhouse
- Guide Price: £30,000 - £60,000Current Total Rent: £950 PCM — £11,400 per annumAn excellent investment opportunity — two self-contained flats offered together as one freehold lot, generating a strong combined rental income and situated in a popular residential area with reliable rental demand
Description
Auction House North East is hosting an auction starting on October 27th, with bidding open for 24 hours. Up for grabs is a freehold property consisting of two self-contained flats, generating a combined rental income of £11,400 per annum. The property is situated in a popular residential area with reliable rental demand, close to local shops, schools, and amenities. The ground floor flat has one bedroom and is currently let at £450 PCM, while the first floor flat has two bedrooms and is let at £500 PCM. The property offers a strong investment opportunity with immediate income and future capital growth potential. The guide price is £30,000-£60,000, and a £3600 inc VAT administration fee is payable on exchange of contracts.