2 bedroom apartment

This two-bedroom leasehold property presents an excellent investment opportunity, with a tenant already in situ and a current rental income of £420 per calendar month. The property offers a strong potential rental yield of around 14.40%. Therefore, it is an attractive option for investors looking to expand their portfolio.

Ideally located close to local shops and schools, this property is well-suited for long-term rental demand. The house features gas central heating, providing efficient warmth throughout. With its existing tenant and established rental income, this property is a hassle-free investment ready to generate returns from day one.

Key Features:

Investment Property – Tenanted
Rental Value: £420pcm
2 Bedrooms
Leasehold – 999 Years from the 7th June 1990
Peppercorn Ground Rent
Gas Central Heating

This property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 56 Day Reservation
Period. Interested parties’ personal data will be shared with the Auctioneer (iamsold Ltd).
If considering a mortgage, inspect and consider the property carefully with your lender before bidding. A Buyer Information
Pack is provided, which you must view before bidding. The buyer is responsible for the Pack fee. For the most recent
information on the Buyer Information Pack fee, please contact the iamsold team.
The buyer signs a Reservation Agreement and makes payment of a Non-Refundable Reservation Fee of 4.5% of the purchase
price inc VAT, subject to a minimum of £6,600 inc. VAT. This Fee is paid to reserve the property to the buyer during the
Reservation Period and is paid in addition to the purchase price. The Fee is considered within calculations for stamp duty.
Services may be recommended by the Agent/Auctioneer in which they will receive payment from the service provider if the
service is taken. Payment varies but will be no more than £960 inc. VAT. These services are optional.

*LOW ADMIN FEE*

*RECENTLY RENOVATED*

Castledene Property Management is pleased to offer to the rental market this good sized three bedroom mid-link house with GCH, DG, fitted kitchen, fitted bathroom, separate WC and gardens, in a pleasant residential area of the popular town of Hebburn.

The property briefly comprises:

*Ground Floor:
*Good sized Living Room with laminate flooring, feature fireplace and radiator, window to front
*Kitchen, fully fitted with a range of wall and base units in light wood effect finish and contrasting work surfaces, washing machine, single sink and drainer unit, tile flooring
*Downstairs w.c


*First Floor:
*Good sized Master Bedroom with magnolia walls and window to front
*Bedroom two, double bedroom with red walls and window
*Bedroom three single bedroom with blue walls and window
*Family Bathroom with fitted three suite comprising of bath with shower over, w.c and wash hand basin, partly tiled walls, window

Externally the property has fenced gardens to the front and rear laid mainly to lawn.

The property is close to the town centre with access to local schools, shops and transport links.


A Bond may be payable.

An administration fee up to a maximum of £200 including VAT may be payable on application, please contact the office for more information.