Farndale Road, Newcastle Upon Tyne

Auction Guide Price £135,000
Farndale Road 240 Newcastle Upon Tyne NE4 8TY UK
Farndale Road 240 Newcastle Upon Tyne NE4 8TY UK
  • Auction Guide Price £135,000
  • 2
  • 1
  • 1
  • Council Tax Band: A
  • Ground floor flat
  • Investment opportunity
  • Leasehold
  • Rear Yard
  • Two Bedrooms

Investment Opportunity

For sale by auction is this pair of flats, situated at the top end of Farndale Road, several of doors away from West Road, and ideally placed for local public transport routes to and from Newcastle city centre, the MetroCentre, and easy access to the A1 and A69.

We have not gained access to the ground floor flat, therefore cannot confirm the accommodation layout. The property currently achieves a rent of £500pcm.

The first floor flat accommodation briefly comprises of entrance with stairs to the first floor landing. To the first floor is a landing, lounge, kitchen, three bedrooms, bathroom. Externally there is a rear yard. The property currently achieves a rent of £530pcm.

The property benefits from gas central heating and double glazing throughout.

Early viewing is recommended.

It is understood that each property is held on a Leasehold basis. Should you proceed with the purchase of this property, ground rent and maintenance details must be verified by your solicitor.

Length of Lease for each property: 991 years remaining from January 2022
There is no ground rent.

Council Tax Band:  A
EPC Rating:  E

For Sale by Auction – www.agentspropertyauction.com

LIVE ONLINE AUCTION – Tuesday 30th August 2022.   Option 1.

Each auction property is offered at a guide price and is also subject to a reserve price. The guide price is the level where the bidding will commence. The reserve price is the seller’s minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price, which may be up to 10% higher than the guide price, is not disclosed and remains confidential between the seller and the auctioneer.  Both the guide price and the reserve price can be subject to change up to and including the day of the auction.  The successful buyer pays a £1,000 + VAT (total £1,200) Auction Administration Fee.

Joint Agents – The Agents Property Auction Ltd

Terms and conditions are on the website – www.agentspropertyauction.com

Property Documents

Energy Performance Certificate

Overview

  • Residential, Sale
  • Property Type
  • 2
  • Bedrooms
  • 1
  • Bathroom

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