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Property Listing Details

Property details

  • 1 bedroom

Features

  • Portfolio Of Two One Bedroom Flats
  • Tenants In Situ In Both Properties
  • Return On Investment From Day One
  • Excellent Rental Yield Approaching 20%

Listing view statistics

Last 30 days: 187 page views

Since listed: 187 page views

Description

Portfolio of two one bedroom flats

portfolio of two flats! This exciting opportunity comprises a portfolio of two one bedroom flats, being the ground floor and first floor above, in the Northumberland coastal town of Blyth. Both properties are well presented and with the additional bonus of tenants in situ. The current rental in each property is £395pcm equating to an outstanding rental yield of 19.2% at Guide Price over the portfolio. The accommodation in each flat comprises lounge, bedroom, fully fitted kitchen and bathroom. Further benefits include double glazing, gas central heating and garage to rear. The properties are both fully tenancy compliant and, with tenants in situ, offer an attractive rental yield and return on investment from day one. To avoid tenant disruption there are no internal viewings offered. The lease is 999 years from 29/3/2006 and is a tyneside lease also known as a crisscross or cross over lease it is an arrangement where the leaseholder of each flat is also the landlord of the other flat.

EPC Ratings

131 Hambledon Street 75/77

133 Hambledon Street 71/76

Area

Blyth is a bustling port town and has enjoyed major redevelopment in recent years transforming the town centre which now offers a wide variety of retail and leisure facilities. The area offers a number of local schools and excellent road links offer convenient travel both north and south.
Purchasers notes


Please note that these particulars have been prepared by us on the basis of information provided by our client. If there is any aspect of these particulars that you wish clarified or that you find misleading, please contact the office where further information will be made available.

• No tests have been made of services, equipment or fittings.

• No warranty is given or implied as to the condition of buildings, services, fixtures, fittings etc.

• All measurements, distances and acres are approximate.

• Fixtures, fittings and other items are not included unless specified in these details.

This material is protected by the laws of copyright. The owner of the copyright is National Property Auctions Limited trading as National Property Agents. The property sheet forms part of our database and is protected by the database rights and copyright laws. No unauthorised copying or distribution without permission.

National Property Auctions Limited trading as National Property Agents are revolutionising the sale of property in Scotland. Remember, if you are buying a property which is being sold by National Property Auctions Limited trading as National Property Agents you will normally be responsible for payment of a Buyer's Premium of 1% of the purchase price subject to a minimum of £3000 including VAT. More details can be obtained on application.

National Property Auctions Limited trading as National Property Agents are registered with hmrc and carry out due diligence on all of our clients, please ask for more information on identification required prior to entering into a contract. Should an electronic Veriphy be necessary, a cost of £10 inc VAT is payable prior to application, more information on request.

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You could get

Superfast broadband Superfast broadband

Up to 80 Mbps (Source: Ofcom)

Map & Nearby

Local Amenities

  • Cramlington 4.4 miles
  • Pegswood 6 miles
  • Morpeth Road Academy 0.3 miles
  • Malvin�s Close Academy 0.4 miles

Local map of the area

Map and Street View Map showing location of property

Local Amenities

  • Cramlington 4.4 miles
  • Pegswood 6 miles
  • Morpeth Road Academy 0.3 miles
  • Malvin�s Close Academy 0.4 miles

Market stats

Sale activity

Average estimated value for a flat in NE24:

  • £78,886
  • Price decrease

  • -£2,535
  • (-3.113%)
  • Over the last 12 months

In the last 12 months

  • Average sale price

    £60,073
  • Properties sold

    26

Rental opportunities

Looking for an investment? The average rent for a 1 bedroom flat in NE24 is currently:

£329 pcm

Recent sales nearby

See all recent sales in NE24
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Estimated running costs

Based on available 3rd party data

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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 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
19th Oct 2019 £49,500 First listed
29th Mar 2006 £39,000 Last sold

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