This property has been taken off the market.
5 Bed Flat For Sale Station Road, Newcastle Upon Tyne, NE3
£225,000- Flat
Auction Property
1 of 5
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We appreciate the listed price showing isn’t necessarily the price you would buy this property for, as it is in auction. However, we hope some confidence can be gained from our system successfully being able to identify this as potentially below market value.
Last Updated: 18th March 2024
Description
For Sale by Auction: 13th December 2023 , Option 1, Terms and Conditions apply.\r
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Fantastic opportunity to purchaser these realistically priced pair of flats which are currently let generating a combined income of £16,500 per annum (awaiting sight of the tenancy agreements). \r
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The properties:\r
Comprise of a two bedroom ground floor flat and a three bedroom first floor flat, both benefiting from double glazed windows and gas central heating, and externally there is a yard to the rear.\r
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Property briefly comprises: - \r
70, entrance hall, two bedrooms, living room, kitchen and bathroom/wc. \r
72, Entrance hallway with staircase leading to the first floor, three bedrooms, living room, fitted kitchen and bathroom. \r
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Tenure: Leasehold\r
125 years from September 2021 (123 years remaining)\r
Ground Rent: £TBC per (6 months/ annum) - Review Period: TBC - Increase Amount: TBC\r
Service Charge: £TBC per (6 months/ annum) - Review Period: TBC - Increase Amount: TBC\r
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EPC Rating: C & C\r
Council Tax Band: A & A\r
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Each auction property is offered at a guide price and is also subject to a reserve price. The guide price is the level where the bidding will commence. The reserve price is the seller’s minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price, which may be up to 10% higher than the guide price, is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction. The successful buyer pays a £2000+VAT (total £2400) Auction Administration Fee. \r
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Joint Agents: The Agents Property Auction Ltd. \r
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Terms and conditions apply see website Property Auction . Com
\r
Fantastic opportunity to purchaser these realistically priced pair of flats which are currently let generating a combined income of £16,500 per annum (awaiting sight of the tenancy agreements). \r
\r
The properties:\r
Comprise of a two bedroom ground floor flat and a three bedroom first floor flat, both benefiting from double glazed windows and gas central heating, and externally there is a yard to the rear.\r
\r
Property briefly comprises: - \r
70, entrance hall, two bedrooms, living room, kitchen and bathroom/wc. \r
72, Entrance hallway with staircase leading to the first floor, three bedrooms, living room, fitted kitchen and bathroom. \r
\r
Tenure: Leasehold\r
125 years from September 2021 (123 years remaining)\r
Ground Rent: £TBC per (6 months/ annum) - Review Period: TBC - Increase Amount: TBC\r
Service Charge: £TBC per (6 months/ annum) - Review Period: TBC - Increase Amount: TBC\r
\r
EPC Rating: C & C\r
Council Tax Band: A & A\r
\r
Each auction property is offered at a guide price and is also subject to a reserve price. The guide price is the level where the bidding will commence. The reserve price is the seller’s minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price, which may be up to 10% higher than the guide price, is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction. The successful buyer pays a £2000+VAT (total £2400) Auction Administration Fee. \r
\r
Joint Agents: The Agents Property Auction Ltd. \r
\r
Terms and conditions apply see website Property Auction . Com
Agent Details
Rook Matthews Sayer
12, The Gosforth Centre, Newcastle Upon Tyne, NE3 1JZ
Show Contact Number
0191 284 7999
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Legal - YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT.
Property Forecaster are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.
Property Forecaster are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.