FOR SALE VIA NATIONAL ONLINE AUCTION. BIDDING OPENS ON MONDAY 27th JULY AT 1PM, AND CLOSES TUESDAY 28th JULY FROM 1PM. REGISTER TO BID!
Description
For sale by auction is this tenanted two-bedroom terraced home, in Ashington.
The property extends to approximately 88 m² as per the EPC. The accommodation is arranged over two floors and offers well-proportioned rooms. We have been informed that the property comprises of a Living Room and a Kitchen to the ground floor. To the first floor are 2 Bedrooms and a Family Bathroom.
Externally, there is a rear garden, and on-street parking available close to the property.
Please note: The auctioneers have not internally inspected the property to verify the accommodation details and purchasers must rely on their own enquiries.
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Investment/Rental opportunity
The tenant currently pays £440pcm, however could be increased to current market value is £600pcm
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Resale / Flip
The property also presents a strong flip opportunity. The adjoining properties have reportedly sold for approximately £70,000 following modernisation and is presented as a well-finished family home. This demonstrates clear resale demand within the immediate building.
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Investment Rationale
NE63 remains a well-established location popular with:
• Young professionals
• Working tenants
• Owner-occupiers
• The area benefits from strong transport links and convenient access to key employment hubs.
• Following refurbishment, the property offers:
• Strong gross yield potential
• Attractive resale comparables (flip strategy)
• Long-term capital growth prospects
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Tenure
Assumed Freehold
Sold with tenant in situ
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Auctioneer’s Note
This property presents a versatile investment opportunity offering both rental potential and strong resale comparables. Buyers must satisfy themselves regarding planning, licensing requirements, and any comparable sales prior to bidding.
Tenure: See Legal Pack
Important Notice to Prospective Buyers
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Administration Charge
Administration Fee is a non-refundable £3,600 inc VAT payable upon exchange.
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- 2 Bedrooms
- Unconditional (Immediate Exchange)
Call the team on 0114 223 0777 for more information
Disclaimer: The map preview provided above is for general guidance only and may not accurately reflect the exact location or surrounding buildings. Prospective buyers and interested parties are strongly advised to independently verify the precise location and surroundings before bidding.
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