Guide price
£40,000
(£63/sq. ft)
2 bed flat for salePrince Consort Road, Hebburn NE31
2 beds
1 bath
1 reception
635 sq. ft
About this property
First Floor Flat
Two Bedrooms
Renovation Required
Great Investment
Cash buy only
For Sale Via Auction
This spacious two-bedroom first floor flat presents a fantastic opportunity for buyers seeking a project with significant potential for personalisation. Requiring renovation throughout, the property offers a blank canvas for those wishing to create a home tailored to their own tastes and requirements.
The layout comprises two well-proportioned bedrooms, a generous living area, and a separate kitchen, providing ample scope for reconfiguration or modernisation to suit contemporary lifestyles. The flat benefits from large windows, allowing natural light to fill the principal rooms and enhancing the sense of space.
Ideal for investors or first-time buyers looking for a rewarding project, the property is available for sale via auction, making it a particularly attractive proposition for those seeking a competitively priced entry point into the area. With its excellent potential to add value through refurbishment, this flat represents a rare chance to acquire a property that can be transformed into a stylish and comfortable home or a lucrative rental investment.
The property is offered with approximately 55 years remaining on the lease, which prospective purchasers should take into consideration. This may particularly appeal to cash buyers, investors, or those experienced in lease extension projects.
Auctioneers Comments:
This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold).
If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.50% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00. These services are optional.’
Lounge / Diner (5.49m x 4.11m)
Kitchen (2.72m x 2.12m)
Bathroom (2.07m x 1.58m)
Master Bedroom (4.19m x 3.44m)
Bedroom 2 (3.15m x 2.37m)
Disclaimer
These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person in this firms employment has the authority to make or give any representation or warranty in respect of the property. All measurements are approximate using a Sonic tape and should not be relied upon for complete accuracy. If you require exact measurements, please ask one of our negotiators to arrange an appointment to view the property, when your own measurements may be taken. It should not be assumed that the property has all necessary planning, building regulation or other consents. The Agent has not tested any services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise.
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More information
Tenure
Leasehold (55 years)
Service charge
Council tax band
A
Ground rent
£0
Ground rent date of next review
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