3 bedroom flat 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/northeast

Two Self-Contained Flats — One Freehold Title — £11,400 p.a. Income

Guide 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.


IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.

WSD250562/2