2 bed flat for sale

Queen Street, Ashington NE63

Summary

To be sold via online auction. Fees apply.

Two bedroom first floor flat / Option to convert into three bedrooms / Spacious lounge and dining area / Fitted kitchen and bathroom / Front garden and shared rear yard / Strong rental demand in the area / Rental as 2 bed: 450-495 pcm / Rental as 3 bed: 500-550 pcm / Potential Yield of 18 - 22%

We welcome to the market this well-proportioned two bedroom first floor flat situated on Queen Street, Ashington. An ideal buy-to-let investment, the property offers good rental returns as a two bedroom and has scope to be reconfigured into a three bedroom flat to further increase income.

The accommodation comprises: Entrance hallway, lounge, dining room, fitted kitchen, bathroom and two bedrooms. Externally, the property benefits from a garden to the front and a shared yard to the rear. The flat provides generous living space and would benefit from light refurbishment to maximise potential.

The property is being sold via online auction under unconditional terms.

Council Tax Band: A
Tenure: Leasehold
Length Of Lease: 989

Entrance

White UPVC front door with decorative glass panel and letterbox, Entrance lobby with stairs rising to first floor, Carpeted flooring and painted walls

First Floor Landing

Carpeted flooring, painted walls and skirting boards, and consumer unit for electrics. Provides access to both bedrooms and the dining room which flows through to the remainder of the flat.

Master Bedroom (4.08m x 2.84m)

Comprises; carpeted flooring, painted walls and skirting boards, central heating radiator, and uPVC double glazed window to the front elevation.

Bedroom Two (2.75m x 2.29m)

Carpeted flooring, painted walls and skirting boards, central heating radiator, and uPVC double glazed window to the front elevation.

Dining Room (2.29m x 2.75m)

Carpeted flooring, painted walls and skirting boards, central heating radiator, uPVC double glazed window to the rear elevation, and access through to the lounge.

Lounge (2.84m x 4.08m)

Carpeted flooring, painted walls and skirting boards, feature chimney breast with modern fire surround and inset fire, central heating radiator, and uPVC double glazed window to the rear elevation.

Kitchen (1.94m x 3.46m)

Vinyl flooring, painted walls with tiled splashbacks, range of light wood effect wall and base units with contrasting work surfaces, stainless steel sink unit with drainer and mixer tap, integrated electric oven with four ring hob and extractor hood, space and plumbing for white goods, central heating radiator, and uPVC double glazed window to the side elevation.

Rear Lobby / Utility Area

Carpeted flooring, painted walls and skirting boards, uPVC double glazed window to the side elevation providing natural light, plumbing for an automatic washing machine, and access into the bathroom.

Bathroom/WC (2.00m x 2.52m)

Vinyl flooring, painted walls with tiled splashbacks, white three-piece suite including panelled bath, pedestal wash hand basin and low level WC, central heating radiator, and uPVC double glazed frosted window to the rear elevation.

Auctioneers Additional Comments

Pattinson Auction are referred to below as The Auctioneer. This auction lot is being sold under either conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer. The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer. Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between any marketing agent and The Auctioneer so that all matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid on any property marketed by The Auctioneer, all bidders buyers must adhere to a verification of identity process in line with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere. Our verification process is in place to ensure aml procedures are carried out in accordance with the law

Auctioneers Additional Comments

The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price. The Reserve Price is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the Guide Price, Starting Bid. These prices are subject to change. An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction. A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers obligations and sellers commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

Auctioneers Additional Comments

In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price. The deposit will form part of the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 7,200 inc VAT) is also payable upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs. Both the Marketing Agent and the Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received. There is no requirement or obligation to use any recommended suppliers or services.