, Tyne & Wear, NE37 3EB 1 1 1
£12,500 (plus fees)
SOLD IN UNDER 3 HOURS!! MORE PROPERTIES NEEDED!!
Guide Price £12,500.
A one-bedroom flat Offered For Sale via Unconditional Auction, Let on an AST at £275 PCM, returning a gross yield of 26.4% on the advertised Guide Price.
The accommodation briefly comprises: Entrance hallway with storage cupboard, fitted kitchen with balcony area off, bathroom, lounge with access onto balcony and double bedroom.
The property is located in a purpose-built block of flats in Sulgrave on the outskirts of Washington town centre. Having excellent access via local road networks to The Galleries, A1 and the A19, this is an excellent BTL investment.
Buyer's Administration Fee £2,400.00 Inc VAT (£2,000 + VAT).
EPC rating D.
For more information, please contact Moovd directly.
Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time during the timed auction.
The property is offered subject to a Reserve Price (a figure below which we Moovd the Auctioneer cannot sell the property during the timed online auction) the reserve price will be set somewhere within the Guide Range or no more than 10% above a single figure Guide Price.
Unconditional Auction Notes:
The above property is been offered for sale by online Unconditional Auction (Traditional auction). With this method of sale, both seller and buyer are required to complete the transaction, within the timeframe stated in the General Conditions and Special Conditions or Sale. It is Moovd’s policy that all buyers are without fail AML checked at point of offer via signing our Bidder Registration Form. The buyer is then required to make a NON- REFUNDABLE Administration Fee payment amounting to £2,400.00 Inc VAT (£2,000 + VAT) (This fee IS PAID in addition to the purchase price and will be chargeable and calculated towards stamp duty). A deposit payment amounting to 10% of the purchase price (or a minimum of £5,000) is also required from the successful buyer.
Each property has a valid Legal Pack, which is a set of documentation prepared by the seller's solicitor relating to the property been offered for sale. This is available to download via the property details on our website.
We have taken reasonable care to prepare particulars that correctly describe each property. The particulars are based on information supplied by or on behalf of the seller. You need to check that the information in the particulars is correct. If we provide information, or a copy of a document, we do so only on the basis that we are not responsible for the accuracy of that information or document. The particulars and the sale conditions may change prior to the timed online auction and it is your responsibility to check that you have the correct versions. If the special conditions do not contain a description of the property, you take the risk that the description contained in the particulars is incomplete or inaccurate, as the particulars have not been prepared by a conveyancer and are not intended to form part of a legal contract.
Offered for Sale via Unconditional Online Auction
3rd August 2022
One bedroom flat
Let on AST at £275 PCM
Gross yield 26.4%
INTERESTED? CALL US!