Guide Price £95,000+
For sale by Livestreamed Online Auction on Thursday 12th September 2024.
For auction details, please visit auctionhouse.co.uk/northeast

This is a three bedroom semi-detached house situated in the popular Brasside area of the City which affords close trunk road links with the City Centre as well as using the nearby A167 north and south to venues further afield.

Furthermore, local countryside is close by for walks and nature. For transparency, Frankland Prison and Low Newton Remand Centre, a secure centre for young offenders are nearby.

Comprising a front garden and sizeable rear garden, the property internally provides and entrance hall leading to the front lounge, which in turn leads to the kitchen, a lengthy kitchen with breakfast bar, plumbing for washing machine but which is likely to be updated by the buyer.

Upstairs are three bedrooms and a bathroom, which again is likely to be upgraded by the buyer.

Cosmetic upgrading such as decor and floor coverings are needed by the buyer, but all of the upgrading has been taken into account, as well as location for a highly realistic asking price. (A similar property upgraded would value in todays market at circa £160,000 subject to standard of upgrade)

For a Landlord, we would expect a gross yield of some 7% per annum after updating and taking into account an estimated spend to upgrade, at a rental of £700 per calendar month.

We strongly suggest viewing this property to appreciate the potential it has for either an investor to upgrade and sell on, upgrade and let out or for an owner-occupier to upgrade and live in themselves.

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 every case.

QDR240286/2