Auction

Flat in NE33 North East - Apartment

£ 55,000

Added: 30/06/2025

Key info

2Bedrooms

1Bathrooms

76 sqmSize

Property description

Strategy: Auction

This charming two-bedroom ground floor flat presents a fantastic opportunity for first-time buyers or investors. Situated in a central location, just a short walk from the coast, the property is offered below market value with no upper chain, making for a hassle-free purchase.

Inside, it features an entrance hallway with a storage cupboard, modern lounge, two double bedrooms, a modern kitchen, and a contemporary four-piece bathroom. There is also a private rear yard. For investors, the flat offers an attractive potential rental yield of 12%, making it a highly appealing prospect.

Entrance Hallway -

Lounge - 4.45 x 3.6 (14'7" x 11'9") - Modern lounge with neutral decoration, wall mounted electric fire and access to the kitchen

Kitchen - 4.05 x 2.15 (13'3" x 7'0") - Modern white high gloss kitchen with a range of wall and base units. Contrasting work surfaces and splash back tiling. There is an electric hob and integrated oven with stainless steel extractor over, access to the rear yard .

Bathroom - 2.8 x 2.4 (9'2" x 7'10") - Modern tiled bathroom comprising of a recessed walk in shower, white panel bath, wash hand basin and low level wc.

Bedroom 1 - 5.35 x 3.85 (17'6" x 12'7") - Spacious double bedroom with a front facing aspect.

Bedroom 2 - 3.4 x 2.4 (11'1" x 7'10") - Double bedroom with a rear facing aspect.

External - Private yard to the rear.

Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.

This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.

The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via the Marketing Agents or via The Auctioneers website.

Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both any marketing agent and The Auctioneer in order that all matters can be dealt with effectively.

The property is being sold via a transparent online auction.
In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere.
Our verification process is in place to ensure that AML procedure are carried out in accordance with the law.

A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers’ obligations and sellers’ commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price of the property. The deposit will be a contribution to the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 6,000 inc VAT) is also required to be paid upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.

Both the Marketing Agent and The Auctioneer may believe necessary or beneficial to the customer to pass their details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.

Sourced reference: 155757371

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Sales Agent

Susan Spokes Real Estate

South Shields

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Location

Disclaimer

Sourced endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and are not to be relied as statements of representation or fact. The selling agent may or may not be the sole agent and will provide confirmation upon request. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency given. All measurements have been taken as a guide and are not precise, please be aware some of the details may be waiting vendor approval. If you require confirmation or further information, please contact the selling agent. Fixtures and fittings are to be confirmed with the seller and not relied upon when listed. Sourced are not responsible for any loss of monies due to the purchase or purchase process with any property listed.

... See more

Sales Agent

Susan Spokes Real Estate

South Shields

Smart support to move your deal forward

Fund it right

Explore investor friendly mortgages and funding options tailored to your goals.

Find Finance

Line up managament

Find a trusted property management company to help keep your investment running smoothly.

Find Management

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