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Wharton Street, South Shields 2 bed flat for sale
Wharton Street, South Shields
£59,000
Wharton Street, South Shields
£59,000
Our Summary
- For investors, the flat offers an attractive potential rental yield of 12%, making it a highly appealing prospect
- Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'
- This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent
- The property is being sold via a transparent online auction
- Ideal investor buy with potential 12% yield
Description
This charming two-bedroom ground floor flat is a fantastic opportunity for first-time buyers or investors, located in a central area just a short walk from the coast. The property is being sold below market value with no upper chain, making for a hassle-free purchase. The interior features a modern lounge, two double bedrooms, a contemporary four-piece bathroom, and a private rear yard. The flat also offers a potential rental yield of 12%, making it an attractive prospect for investors. The freeholder is willing to extend the lease, and the property is available to view by appointment only. The auction will be conducted online, and all bidders/buyers will be required to undergo a verification of identity process in accordance with anti-money laundering regulations.