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. ________________________________________ Investment/Rental opportunity Once renovated, we expect an achievable rental income of £800pcm / £9,600 pa. ________________________________________ 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 ________________________________________ Tenure Assumed Leasehold Vacant Possession ________________________________________ 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: Leasehold

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Additional Fees

Administration Charge - Administration Charge is a non-refundable £3,600 inc VAT payable on the fall of the virtual gavel.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.