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Property Listing Details

Property details

  • 3 bedrooms
  • 1 bathroom
  • 1 reception room

Features

  • Leasehold
  • Available from 24th Jan 2020
  • Central Heating
  • Double Glazing
  • First Floor Flat
  • For Sale By Auction
  • Good Transport links

Listing view statistics

Last 30 days: 1 page view

Description

Description

No buyers fee to pay ! Located on Norham Road, Percy Main, North Tyneside is this three bedroom upper flat available with no onward chain. The property is located on Norham Road, opposite the bus depot. The property is decorated in neutral colours throughout the property and offers an excellent buy to let opportunity.

This property would make an ideal diy project or buy to let. The potential rental income would be approximately £5,400 per annum (£450PCM)

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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 (subject to lending criteria, affordability and survey).

The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Deposit of 4.2% of the purchase price, subject to a minimum of £6,000.00. The Reservation Deposit is used as part-payment towards the agreed purchase price.

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 £300.00 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.

Referral Arrangements

The Partner Agent and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted.

Where services are accepted the Auctioneer or Partner Agent may receive payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you.

You could get

Superfast broadband Superfast broadband

Up to 70 Mbps (Source: Ofcom)

Map & Nearby

Local Amenities

  • North Shields Ferry Terminal 1.3 miles
  • Newcastle International Ferry Terminal 1.4 miles
  • Norham High School 0.2 miles
  • Collingwood Primary School 0.4 miles

Local map of the area

Map View Map showing location of property

Local Amenities

  • North Shields Ferry Terminal 1.3 miles
  • Newcastle International Ferry Terminal 1.4 miles
  • Norham High School 0.2 miles
  • Collingwood Primary School 0.4 miles

Market stats

Sale activity

Average estimated value for a flat in NE29:

  • £178,182
  • Price increase

  • £7,891
  • (4.634%)
  • Over the last 12 months

In the last 12 months

  • Average sale price

    £113,114
  • Properties sold

    64

Rental opportunities

Looking for an investment? The average rent for a 3 bedroom flat in NE29 is currently:

£451 pcm

Recent sales nearby

See all recent sales in NE29
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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 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
31st Jul 2020 £56,000 Price increased by £11,000
10th Mar 2020 £45,000 Price reduced by £4,950
25th Jan 2020 £49,950 First listed
3rd Jul 2015 £47,000 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.