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Description

  • Status: Available
  • Type: Portfolio
  • Ownership: Freehold
  • Occupation: Vacant
  • Tax/Rates:

***PRIME INVESTMENT*** 5x1 bed flats and 1 x 2 bed flat. REALISTIC RENTAL INCOME of up to £31,200 PER ANNUM. Excellent Investment Opportunity. POTENTIALLY HIGH YIELDING INVESTMENT OPPORTUNITY.

PEREFCT PURCHASE FOR INVESTOR with realistic rent in this area POTENTIAL RENTAL INCOME: 5x1 bed flat £425 pcm 1x 2 bed flat at £475 pcm TOTAL ANNUAL INCOME £31,200 HIGH TENANT DEMAND LOCATION.

The property requires some finishing works to the flats and communal areas . Each flat includes new kitchens and bathrooms with most having washing machines and ovens in place.

OPPORTUNITY TO BUY PRIME PROPERTY IN THE VILLAGE OF CHOPWELL. Well placed for a wide range of amenities. Close to the town of Blaydon, which has larger supermarkets and retail outlets.

The village of Chopwell offers several local amenities within walking distance, including convenience stores, takeaways, a post office, and local pubs

***PRIME INVESTMENT*** 5x1 bed flats and 1 x 2 bed flat. REALISTIC RENTAL INCOME of up to £31,200 PER ANNUM. Excellent Investment Opportunity. POTENTIALLY HIGH YIELDING INVESTMENT OPPORTUNITY. PEREFCT PURCHASE FOR INVESTOR with realistic rent in this area POTENTIAL RENTAL INCOME: 5x1 bed flat £425 pcm 1x 2 bed flat at £475 pcm TOTAL ANNUAL INCOME £31,200 HIGH TENANT DEMAND LOCATION. The property requires some finishing works to the flats and communal areas . Each flat includes new kitchens and bathrooms with most having washing machines and ovens in place. OPPORTUNITY TO BUY PRIME PROPERTY IN THE VILLAGE OF CHOPWELL. Well placed for a wide range of amenities. Close to the town of Blaydon, which has larger supermarkets and retail outlets. The village of Chopwell offers several local amenities within walking distance, including convenience stores, takeaways, a post office, and local pubs

Derwent Street in Chopwell, a village in Tyne and Wear, is part of a close-knit and historically rich community. The area is friendly and community-oriented, with residents often enjoying the slower pace of village life while still having easy access to larger towns and cities. The village of Chopwell offers several local amenities within walking distance, including convenience stores, takeaways, a post office, and local pubs like the Blue Bell Inn, which is a favorite among locals. For more extensive shopping needs, residents can travel to nearby towns like Blaydon, which has supermarkets and retail outlets. While Chopwell has a rural feel, it remains well-connected by road. The A694 provides access to Gateshead and Newcastle, making it feasible for those who commute to work in the city. Public transport includes bus services to nearby towns, though having a car can be more convenient for accessing wider amenities and employment hubs.

Full Address: 66-68 Derwent Street, Portfolio of 6 Flats, Chopwell, Newcastle upon Tyne, NE7 7HY

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Pricing Information & Bidding

Opening Bid: £110,000

What is an Opening Bid? This property is entered into an online auction where the bidding will start or open at the above price. Unless specified all properties are subject to a Reserve (minimum acceptable price).

How to Bid... To take part in the online auction you must firstly create a bidding account. Once you have a bidding account you can then login and place bids during the auction. Please click on the following link to view the latest Online Auction Bidders Guide now.

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Offer Now... You may submit an offer now on this property for the owner to consider. If they are will are willing to sell you the property now then it is a matter of making the required deposit payment to secure the purchase. Complete our ONLINE OFFER FORM now to put your offer forward to the sellers.

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Terms of Sale

  • 10% Deposit
  • Standard Completion
  • Buyers Fee = 3% of Sale Price (Minimum £3,250 + vat)

STANDARD TERMS OF SALE are 4 week completion with 1 week extension. Sellers can request a varied completion and buyers must satisfy themselves prior to bidding.

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Auction Details

Date & Time: 28 November 2024, 10am-3pm
Type: Timed Online Auction

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