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31 Laybourn Gardens, South Shields, Tyne And Wear, NE34 9RJ

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

Moovd Online Property Auctions are delighted to offer For Sale via Option A – Unconditional Online Auction this two-bedroom semi-detached property, offered as a ready-made buy-to-let investment with a BUY IT NOW PRICE of £105,000 + fees (£4,800 Inc VAT).

Description

Moovd Online Property Auctions are delighted to offer For Sale via Option A – Unconditional Online Auction this two-bedroom semi-detached property, offered as a ready-made buy-to-let investment with a BUY IT NOW PRICE of £105,000 + fees (£4,800 Inc VAT).

The property is currently tenanted, generating a rental income of £725 PCM (£8,700 per annum), representing an attractive gross rental yield of approximately 8.3% based on the Buy It Now Price.

Situated in an established residential area of South Shields, the property benefits from convenient access to local shops, schools, amenities and transport links, with South Shields town centre and surrounding areas within easy reach.

An excellent opportunity for buy-to-let investors looking to expand their portfolio with an income-producing property from day one, without the need to source a new tenant.

Early interest is encouraged to secure this ready-made investment opportunity.

EPC rating C.

For more information, please contact Moovd directly.

Hall -

Lounge - 5.92m x 3.20m (19'5" x 10'5") -

Kitchen Diner - 5.84m x 3.51m (19'1" x 11'6") -

Landing -

Bedroom 1 - 5.96m x 3.14m (19'6" x 10'3") -

Bedroom 2 - 4.18m x 2.47m (13'8" x 8'1") -

Bathroom -

Wc -

Externally -

IMPORTANT INFORMATION FOR BUYERS

Moovd Online Property Auctions work in partnership with letting/ estate agents and act as the Auctioneer throughout the sale process. Buyers should establish which auction method applies to the particular lot before making an offer or placing a bid.

OPTION A - UNCONDITIONAL ONLINE AUCTION (Traditional Auction)

Where a lot is offered by Option A - Unconditional Online Auction, the fall of the electronic gavel creates a legally binding contract between the seller and the successful buyer, subject to the applicable auction terms, Legal Pack and Special Conditions of Sale. The successful buyer is legally committed to the purchase and must complete within the period stated in the legal documentation. This is commonly 20 business days, but buyers must rely on the period specified for the individual lot.

The successful buyer will also be required to pay any reservation deposit, buyer's administration fee or other sums stated in the auction terms, property particulars, Legal Pack or Special Conditions of Sale. Buyers should have finance and professional advice in place before bidding. A failure to obtain finance after becoming legally bound will not, of itself, release a buyer from the contract.

For Moovd Unconditional Auction lots, the buyer is required to pay a non-refundable Administration Fee of £3,000 including VAT (£2,500 + VAT) and a Reservation Deposit of 10% of the purchase price, subject to a minimum of £5,000 or whatever is greater, or where those sums are stated as applicable to the lot.

Any additional seller charges or other fees will be identified in the Legal Pack and/or Special Conditions of Sale.

Buyers are deemed to bid in full knowledge of the above. Buyers must take their own advice on the tax treatment of fees, including SDLT.

Council Tax Band

A

* 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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Grant Lowes
01919097020

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