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Property Listing Details

Property details

  • 1 bedroom

Features

  • For Sale By Auction
  • One Bedroom Flat
  • Ideal Investment

Listing view statistics

Last 30 days: 158 page views

Since listed: 1409 page views

Description

Description

**ideal investment opportunity**

This property is for sale by the Modern Method of Auction which is not to be confused with traditional auction. The Modern Method of Auction is a flexible buyer friendly method of purchase. We do not require the purchaser to exchange contracts immediately, however from the date the Draft Contract is received by the buyers solicitor, the buyer is given 56 days in which to complete the transaction, with the aim being to exchange contracts within the first 28 days. Allowing the additional time to exchange on the property means interested parties can proceed with traditional residential finance. 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 Reservation Fee of 4.2% to a minimum of £6,000.00 including VAT 4.2% of the final agreed sale price including VAT. This is subject to a minimum payment of £6,000.00 including VAT. Which 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 an Acknowledgement of Reservation form to confirm acceptance of terms prior to solicitors being instructed. Copies of the Reservation from and all terms and conditions can be found in the Buyer Information Pack which can be downloaded for free from the auction section of our website or requested from our Auction Department. Please note this property is subject to an undisclosed reserve price which is generally no more than 10% in excess of the Starting Bid, both the Starting Bid and reserve price can be subject to change. Terms and conditions apply to the Modern Method of Auction, which is operated by Great North Property Auction powered by iam Sold. Reservation Fee is in addition to the final negotiated selling price.

A one bedroom ground floor flat in the established residential location of Macdonald Road with easy access local services, facilities and transport links.
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You could get

Fast broadband Fast broadband

Up to 17.2 Mbps (Source: Ofcom)

Map & Nearby

Local Amenities

  • MetroCentre 0.7 miles
  • Dunston 1.6 miles
  • Atkinson Road Primary Academy 0.1 miles
  • West Newcastle Academy 0.1 miles

Local map of the area

Map and Street View Map showing location of property

Local Amenities

  • MetroCentre 0.7 miles
  • Dunston 1.6 miles
  • Atkinson Road Primary Academy 0.1 miles
  • West Newcastle Academy 0.1 miles

Market stats

Sale activity

Average estimated value for a flat in NE4:

  • £91,311
  • Price decrease

  • -£1,040
  • (-1.126%)
  • Over the last 12 months

In the last 12 months

  • Average sale price

    £81,254
  • Properties sold

    44

Rental opportunities

Looking for an investment? The average rent for a 1 bedroom flat in NE4 is currently:

£420 pcm

Recent sales nearby

See all recent sales in NE4
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Estimated running costs

Based on available 3rd party data

Mortgage calculator

£ per month

How much could I borrow?

In association with

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

The results are not provided by HSBC UK Bank plc and do not represent any particular mortgage product. Results are only indicative based on a repayment mortgage and are based solely on your inputs into the calculator. The monthly payments will depend on the product and repayment term you choose. Zoopla receive payment from HSBC UK Bank plc for this calculator and introductions resulting in decisions in principle.

The Agent

Price history

Sold prices provided by Land Registry
20th Feb 2019 £30,000 Price reduced by £5,000
2nd Feb 2019 £35,000 First listed

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Property descriptions and related information displayed on this page are marketing materials provided by Fairs Estates. 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 Fairs Estates for full details and further information.