Auction Date Commencing on Monday 20th October at 1pm and ending 24 hours later on Tuesday 21st October at 1pm with Auction House North East
Please register to bid via our website - auctionhouse.co.uk/northeastTWO Spacious 2 bed Apartments in Consett on One Title!
Potential £1,200 PCM Rental Income!
Viewings available on request!A rare investment opportunity comprising two spacious apartments on a single Freehold title in Consett, now both vacant and offering strong rental potential. Together, the flats are expected to achieve around £1,200 per calendar month combined, making this an attractive opportunity for investors.
The ground floor apartment features a welcoming entrance, a lounge open to the kitchen, two bedrooms including an en-suite, and a bathroom, with access to a shared rear yard. The first floor apartment offers a front porch, open-plan sitting room and kitchen, two bedrooms including an en-suite, and a bathroom, also with access to the shared rear yard. Both properties benefit from gas central heating and double glazing.
Conveniently located within walking distance of Consett town centre, the apartments are close to shops, bars, restaurants, schools, and the bus station. This investment offers immediate potential income and the flexibility to let both flats individually or as a single package.
Please note: Auction House have not personally inspected the propertyTenure: LeaseholdEPC Rating: CAdministration 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.
The Est. Mortgage is for a 25 years repayment mortgage based on a 10% deposit and a 5.5% annual interest. It is only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
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