Vendor: Executor

A 2 bedroom, ground floor, garden flat (688 sq ft, source EPC), currently arranged in a 1 bedroom layout. The property will benefit from refurbishment and is vacant.

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Description/Location

Good potential to add value to this large apartment with the benefit of a garden (see title register and plan for boundary). Convenient location with good access to Longbenton Metro station, local shops and schools. The second bedroom has been used as a dining room and with opening formed to the sitting room, this could easily be reconfigured to a 2 bed layout. We estimate the rental value (post refurb) will be circa £9000 pa.

Tenure

Leasehold: 125 years from 12/10/1987 (89 unexpired). Ground rent £10 pa.
Energy Rating: C

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Accommodation

Ground Floor: Entrance hall, sitting room with opening to dining room / bed 2, kitchen, bedroom, bathroom. Outside: Gardens to the front, side and rear.

Rent

ERV: £750 pm

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*Guide Price & Reserves

Generally speaking Guide Prices 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 prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

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