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8 Maughan Street, Blyth, Northumberland, NE24 2EQ

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

BTL INVESTORS – REFURBISHED & LET, RENTAL INCOME £595 PCM | £7,140 PER ANNUM, 14.28% GROSS YIELD.

Description

BTL INVESTORS – REFURBISHED & LET, RENTAL INCOME £595 PCM | £7,140 PER ANNUM, 14.28% GROSS YIELD.

A recently updated two-bedroom first-floor flat offering an attractive opportunity for a BTL investor seeking a let property.

The property has a stated rental income of £595 PCM / £7,140 per annum, representing a gross yield of approximately 14.28% based on the advertised purchase price.

The accommodation has recently undergone internal updating and comprises lounge, fitted kitchen, bathroom and two bedrooms.

Sold as a Let Investment, giving the successful buyer the ability to an immediate income from day one.

BUY IT NOW PRICE £50,000 + Auction Fees of £4,800 Inc VAT.

Offered via Option A – Unconditional Online Auction Terms.

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 -

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

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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Grant Lowes
01919097020

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