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Property Listing Details

Property details

  • 3 bedrooms
  • 1 bathroom
  • 1 reception room

Features

  • Leasehold
  • Being Sold By Online Auction
  • Auction Closing: 29/11/2019 At 12:00
  • Suitable For Mortgage Buyers
  • Buy-It-Now Option Available
  • First Floor Apartment
  • Rare To The Market
  • Great Investment Or First Time Buy
  • Central Heating
  • No Onward Chain
  • Currently Tenanted

Listing view statistics

Last 30 days: 236 page views

Since listed: 2496 page views

Description

Being Sold by Online Auction

Starting Bids from £35,000

Buy it now option available

Please call or visit Purplebricks Online Auctions for more information.

Auction Ends 29/11/2019 at 12:00

Purple Bricks Online Auctions is a new, innovative and pioneering platform for buying and selling property. Open to both cash and mortgage buyers. It provides all the benefits synonymous with traditional auctions, including: Speed and certainty of sale, transparency and zero risk of gazumping or double-selling but with the added advantage of being able to bid pressure-free from the comfort of your own home or office via desktop, tablet or mobile phone. Purplebricks also offer a Buy-it-Now feature which allows you to place an offer and purchase before the Auction end date.

To book a viewing visit Purplebricks

Calling all investors !

A rare opportunity to purchase a spacious three bedroom first floor apartment. With three good sized bedrooms, double glazing and gas central heating, the property offers an amazing opportunity for the first time buyer, or investors.

The accommodation comprises:
Entrance hallway, lounge through dining room, kitchen, bathroom, and three well sized bedrooms.

Viewings is highly recommended to appreciate the size of the accommodation on offer. To be sold with no onward chain.

For anyone looking for a btl investment. This property is currently let at £450 pcm offering a 10.5% return. Currently tenanted.

General Information

Auctioneer's Comments
This property is for sale by Online Auction which is a flexible and buyer friendly method of purchase. The purchaser will not be required to exchange contracts immediately after the fall of the virtual hammer, however the buyer will be given 56 days in which to complete the transaction, from the date the Draft Contract is received by the buyer’s solicitor, with the aim being to exchange contracts within the first 28 days. By giving a buyer time to exchange contracts on the property, means normal residential finance can be sort. The Buyers Premium secures the transaction and takes the property off the market. Fees paid to the Auctioneer may be considered as part of the chargeable consideration for the property and be included in the calculation for stamp duty liability. Further clarification on this must be sought from your legal representative. The buyer will be required to sign a Reservation form to confirm acceptance of terms prior to solicitors being instructed. Copies of the Reservation form and all terms and conditions can be found in the Info Pack which can be downloaded for free from our website or requested from our Auction Department.
Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to make payment of a non-refundable Buyers Premium of £4,800 including VAT plus an administration charge of £354 including VAT, a total of £5,154. This secures the transaction and takes the property off the market.
The Buyer’s Premium and administration charge are in addition to the final negotiated selling price.

Entrance Hallway

Two storage cupboards, gas central heating radiator

Lounge/Dining Room

22'0" x 11'4" Generous size, x2 gas central heating radiators

Bedroom One

12'6" x 11'4" Built in cupboard space, dual aspect windows. Gas central heating radiator

Bedroom Two

12'0" x 10'5" (max) Built in wardrobe, gas central heating radiator

Kitchen

12'0" x 7'1" Wall and floor units with worktop surfaces, single stainless steel sink unit and drainer, plumbed for washing machine, integrated electric oven, gas hob and extractor hood over, part tiled

Bedroom Three

14'0" x 6'10" gas central heating radiator

Bathroom

Bath with shower hose attachment, pedestal wash hand basin, low level w/c, inbuilt storage cupboard, gas central heating radiator

You could get

Ultrafast broadband Ultrafast broadband

Up to 200 Mbps (Source: Ofcom)

Floorplan

Map & Nearby

Local Amenities

  • Newcastle Airport 2.6 miles
  • Newcastle 3.2 miles
  • Kenton Bar Primary School 0.1 miles
  • St Cuthbert's Catholic Primary School 0.2 miles

Local map of the area

Map and Street View Map showing location of property

Local Amenities

  • Newcastle Airport 2.6 miles
  • Newcastle 3.2 miles
  • Kenton Bar Primary School 0.1 miles
  • St Cuthbert's Catholic Primary School 0.2 miles

Market stats

Sale activity

Average estimated value for a flat in NE3:

  • £181,680
  • Price decrease

  • -£5,845
  • (-3.117%)
  • Over the last 12 months

In the last 12 months

  • Average sale price

    £202,481
  • Properties sold

    92

Rental opportunities

Looking for an investment? The average rent for a 3 bedroom flat in NE3 is currently:

£698 pcm

Recent sales nearby

See all recent sales in NE3
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Estimated running costs

Based on available 3rd party data

Mortgage calculator

£ per month

How much could I borrow?

In partnership with

Your home or property may be repossessed if you do not keep up repayments on your mortgage.

These results are not provided by NatWest and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

The Agent

Price history

Sold prices provided by Land Registry
12th Sep 2019 £35,000 Price reduced by £13,500
3rd Sep 2019 £48,500 Price reduced by £450
16th Jun 2019 £48,950 Price reduced by £550
10th Jun 2019 £49,500 Price reduced by £500
28th May 2019 £50,000 First listed
23rd Nov 2007 £76,000 Last sold

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Property descriptions and related information displayed on this page are marketing materials provided by Purplebricks, Head Office. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Purplebricks, Head Office for full details and further information.