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Property Listing Details

Property details

  • 2 bedrooms
  • 1 bathroom
  • 1 reception room

Features

  • Leasehold
  • Close To City Centre
  • For Sale By Auction
  • Gas Central Heating
  • Ground Floor
  • Yard

Listing view statistics

Last 30 days: 280 page views

Since listed: 3476 page views

Description

Description

Located on Hampstead Road, Benwell is this two bedroom ground floor flat which is available chain free. The property is ideal for anyone to rental investment in the area. The property is located to the west end of Newcastle close to local shopping centre and amenities on West Road. To arrange a viewing, please call the auction team on This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold.

This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor. This additional time allows buyers to proceed with mortgage finance.

The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.2% of the purchase price including VAT, subject to a minimum of £6,000.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability.

Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded.

This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack.

The buyer will also make payment of £220.00 including VAT towards the preparation cost of the pack, where it has been provided by iamsold.

The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.

You could get

Superfast broadband Superfast broadband

Up to 80 Mbps (Source: Ofcom)

Map & Nearby

Local Amenities

  • MetroCentre 1.1 miles
  • Newcastle 1.5 miles
  • Canning Street Primary School 0.2 miles
  • Trinity Academy Newcastle 0.2 miles

Local map of the area

Map View Map showing location of property

Local Amenities

  • MetroCentre 1.1 miles
  • Newcastle 1.5 miles
  • Canning Street Primary School 0.2 miles
  • Trinity Academy Newcastle 0.2 miles

Market stats

Sale activity

Average estimated value for a flat in NE4:

  • £92,144
  • Price decrease

  • -£814
  • (-0.876%)
  • Over the last 12 months

In the last 12 months

  • Average sale price

    £67,309
  • Properties sold

    16

Rental opportunities

Looking for an investment? The average rent for a 2 bedroom flat in NE4 is currently:

£706 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?

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

These results are not provided by Bankrate and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided, your lenders criteria and your personal circumstances. The interest rate has also been assumed to stay the same for the selected mortgage term.

The Agent

Price history

Sold prices provided by Land Registry
18th Aug 2020 £38,000 Price increased by £5,000
27th Mar 2020 £33,000 Price reduced by £4,000
21st Feb 2020 £37,000 Price reduced by £3,000
9th Nov 2019 £40,000 Price reduced by £5,000
8th Oct 2019 £45,000 First listed
23rd Apr 2019 £35,500 Last sold

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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.