FOR SALE VIA NATIONAL ONLINE AUCTION ON MONDAY 4th MAY AT 1PM WITH AUCTIONHOUSE.CO.UK/SOUTHYORKSHIRE
Description
For sale by auction is this vacant one-bedroom apartment, in a consistently strong rental and resale location within NE29.
The property extends to approximately 43m² as per the EPC. The accommodation is arranged over one floor and offers well-proportioned rooms. With an Entrance Hall, a Living Room, a Kitchen, a Bedroom and a Bathroom.
Externally, there is residents parking available to the rear of the property, and communal gardens.
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Investment/Rental opportunity
Once renovated, we expect an achievable rental income of £800pcm / £9,600 pa.
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Investment Rationale
NE29 remains a well-established location popular with:
• Young professionals
• Students
• 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 Leasehold
Vacant Possession
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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.
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Tenure: Leasehold
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 Charge is a non-refundable £3,600 inc VAT payable on the fall of the virtual gavel.
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- 1 Bedroom
- Unconditional (Immediate Exchange)
Call the team on 0114 223 0777 for more information
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