7 bed flat for sale

Hexham Road, Newcastle Upon Tyne, Tyne And Wear NE15

For sale via Livestream Auction Commencing from 11am on Wednesday 8th April with Auction House North East.

Please register to bid via our website -

Guide price: £165,000

Offering no onward chain this unique opportunity to acquire three self contained flats, sold as a single lot, providing an excellent income producing investment.

This lot presents a turnkey investment with immediate rental income and strong potential for future growth.

With fantastic rental potential this offers a superb investment opportunity with the property currently achieving £21,660 of rent per annum representing excellent gross yields.

Flat 1 accommodation comprises hallway, lounge/kitchen area. The kitchen offers modern units including fitted appliances, three bedrooms with en suite to master bedroom and bathroom/WC. This property is currently rented for £650 pcm, £7,800 annually

Flat 2 accommodation comprises hallway, lounge/kitchen area, the kitchen offers modern units including fitted appliances, two bedrooms and bathroom/WC. This property is currently rented for £560 pcm, £6,720 annually

Flat 3 accommodation comprises hallway, lounge/dining area, modern fitted kitchen including fitted appliances, two bedrooms with ensuite to master bedroom and bathroom/WC. This property is currently rented for £595 pcm, £7,140 annually

Located in the village of Throckley to the western outskirts of Newcastle upon Tyne. It is well located for the numerous local amenities in Throckley including local schools, shops, pubs and Sainsbury store. The A1 and A69 trunk roads are also close at hand ensuring easy access to Newcastle and west towards Hexham. Throckley also enjoys good public transport with regular buses into Newcastle city centre.

We understand the property is freehold.

Please note: Pictures were taken prior to tenancy start dates.

Important Note to Potential Purchasers & Tenants:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. Potential purchasers: Fixtures and fittings other than those mentioned are to be agreed with the seller. Potential tenants: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.

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