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2 bed property, in 114 Collingwood Court, £5,000
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2 bed flat

114 Collingwood Court, Washington NE37 3EF
Auction
£5,000

Our Summary

  • FOR SALE VIA NATIONAL ONLINE AUCTION
  • Offered for sale by auction is this vacant two-bedroom maisonette, located in Sulgrave
  • meters of accommodation Two-bedroom maisonette Refurbishment opportunity Popular and well-connected location Vacant possession Investment Summary Rental income can be expected at approximately £600pcm, once renovated Resale value can be expected at approximately £60,000, once renovated Scope to increase rental income and letting of vacant units Asset management opportunity with value-add potential Attractive guide price reflecting condition Tenure: Leasehold Legal Pack: Available via the Auction House website Tenure: See Legal Pack Administration Fee: £3600 inc VAT payable on exchange of contracts

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Description

The property is a vacant two-bedroom maisonette located in Sulgrave, situated in a well-established residential area with convenient access to local amenities, transport links, hospitals, and universities. It comprises an entrance hall, living room, kitchen, bedroom and balcony on the first floor, and a bedroom, bathroom, and separate WC on the second floor. The accommodation totals approximately 78 sq. meters.

The property is leasehold and requires refurbishment, offering an opportunity for renovation and improvement to increase its resale value and rental income potential.