3 bedroom block of apartments for sale

Auction Commencing on Monday 27th October at 1pm and ending 24 hours later on Tuesday 28th October at 1pm with Auction House North East



Please register to bid via our website - auctionhouse.co.uk/northeastTwo Self-Contained Flats — One Freehold Title — £11,400 p.a. IncomeGuide Price: £30,000 - £60,000

Current Total Rent: £950 PCM — £11,400 per annum



An excellent investment opportunity — two self-contained flats offered together as one freehold lot, generating a strong combined rental income and situated in a popular residential area with reliable rental demand.



Property Overview

The property comprises a ground floor one-bedroom flat and a first floor two-bedroom flat, both benefiting from separate entrances and their own gas/electric supplies.



Ground Floor Flat (No. 1) — currently let at £450 PCM (£5,400 per annum)

-Hallway

-Spacious living room (5.2m x 3.5m)

-Fitted kitchen (2.6m x 2.0m)

-Double bedroom (4.2m x 3.5m)

-Bathroom (2.6m x 1.9m)



First Floor Flat (No. 3) — currently let at £500 PCM (£6,000 per annum)

-Private entrance and staircase

-Living room (4.0m x 4.0m)

-Fitted kitchen (2.5m x 4.0m)

-Main bedroom (3.7m x 3.2m)

-Second bedroom (2.6m x 3.0m)

-Bathroom (2.9m x 1.5m)



Investment Highlights

-Combined rental income: £950 per month / £11,400 per annum

-Two self-contained flats — ideal for landlords, portfolio builders, or those seeking steady rental return

-Popular rental location with strong tenant demand

-Close to local shops, schools, and amenities

-Excellent transport links to Newcastle city centre, the Coast Road, A19 and Tyne Tunnel



Tenure

-Freehold



Auctioneer’s Note

-A ready-made investment with immediate income and future capital growth potential.Tenure: LeaseholdEPC Rating: see legalsAdministration Fee: £3600 inc VAT payable on exchange of contracts.Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.