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Apartment 35 Derwent Street... 2 bed flat for sale
Apartment 35 Derwent Street, Chopwell, Newcastle upon Tyne NE17 7HZ
£15,000
Apartment 35 Derwent Street, Chopwell, Newcastle upon Tyne NE17 7HZ
£15,000
Our Summary
- 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 sold via online auction and is an excellent investment opportunity. The property is in need of renovation but offers a great chance to put your own stamp on it. With its own access and stairs leading up to the apartment, it features two bedrooms, a lounge, bathroom, kitchen, and a rear yard. The property is located in a sought-after rental area, with expected rents of £500 per month, generating an annual income of £6,000. The property is leasehold, with 999 years remaining from 2004, and a peppercorn ground rent. The EPC rating is C, and the council tax is A. A £3,600 administration fee, plus any disbursements listed in the legal pack, will be payable by the purchaser on completion.