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8 Maughan Street, Blyth, Northumberland, NE24 2EQ

  • Unconditional Online Sale
  • Bedrooms: 2
  • Bathrooms: 1
  • Reception Rooms: 1

Description

A two-bedroom first floor vacant flat, offered For Sale via Option A – Unconditional Online Auction with a BUY IT NOW Price of £50,000 + Auction Fees.

The accommodation is situated in the popular town of Blyth, north of Newcastle and a superb BTL location. The property is sold with vacant possession with a potential rent of £7,200 per annum returning a yield of 14.44% on the purchase price. The property has recently undergone a full internal update and is presented to a good standard throughout.

The layout briefly comprises: Entrance vestibule, landing, lounge through into a fitted kitchen at the rear of the property, bathroom WC and two bedrooms to the front of the building.

A readymade, immediate income generating investment, this first floor flat should prove very popular as is sold with a Tyneside lease on a 999-year term with 966 remaining and a peppercorn rent.

Interested parties must contact the office for further details.

EPC rating D.

For more information, please contact Moovd directly.

Vestibule -

Landing -

Lounge - 3.73m x 3.63m (12'2" x 11'10") -

Kitchen - 2.83m x 2.34m (9'3" x 7'8") -

Bedroom 1 - 4.18m x 3.81m (13'8" x 12'5") -

Bedroom 2 - 2.46m x 2.07m (8'0" x 6'9") -

Bathroom -

Externally -

Moovd may work in partnership with marketing agents on our Online Auction Lots and act as 'The Auctioneer', throughout the sale process.

Option A - Online Unconditional Auction:

The above property is offered for sale by Online Unconditional Auction (Traditional auction). With this method of sale, both seller and buyer are required to complete the transaction, within the timeframe stated in the General Conditions and Special Conditions of Sale. It is Moovd’s policy that all buyers are without fail AML checked at point of Registration. The buyer is then required to make a NON- REFUNDABLE Administration Fee payment amounting to £3,000.00 Inc VAT (£2,500 + VAT) (This fee IS PAID in addition to the purchase price and will be chargeable and calculated towards stamp duty). A deposit payment amounting to 10% of the purchase price (or a minimum of £5,000) is also required from the successful buyer. The seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the Special Conditions of Sale. Buyers are deemed to bid in full knowledge of this.

Council Tax Band

A

Annual Ground Rent

£0

Annual Service Charge

£0

* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

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Office Contact

Grant Lowes
01919097020

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