1 Bed Flat For Sale

One bedroomed basement flat ideal for investors or first time buyers. No Chain Involved.

The home is currently tenanted, paying £600pcm however they are looking at alternative accommodation therefore the home will be sold with vacant possession. We would expect to be able to relet at a similar price if not more giving a gross yield of 13.09% against asking price.

The property comprises an entrance lobby with stairs leading to the basement level. The kitchen includes a storage cupboard, space for a fridge/freezer and cooker, and plumbing for a washing machine. There is a spacious double bedroom, a partially tiled bathroom with a shower over the bath, and an additional storage cupboard. The lounge features French doors opening out to the rear garden.

Outside, there is a large enclosed rear garden, mainly laid to lawn, with a patio area ideal for outdoor seating.

Double glazed windows and gas heating system via a Potterton combi boiler.

We understand the flat is on a Tyneside Lease of 999 years from 8th February 2019 leaving approx. 987 years remaining at the date of listing with no ground rent or service charges payable (Full details will be confirmed by solicitors)

MAKING AN OFFER Please note that all offers will require financial verification including mortgage agreement in principle, proof of deposit funds, proof of available cash and full chain details including selling agents and solicitors down the chain. Under New Money Laundering Regulations we require proof of identification from all buyers before acceptance letters are sent and solicitors can be instructed.


IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.

QLF250191/2