1 Bedroom Flat

FOR SALE VIA NATIONAL ONLINE AUCTION ON MONDAY 4th MAY AT 1PM WITH AUCTIONHOUSE.CO.UK/SOUTHYORKSHIRE

For sale by auction is this vacant one-bedroom apartment, in a consistently strong rental and resale location within NE29.

The property extends to approximately 43m² as per the EPC. The accommodation is arranged over one floor and offers well-proportioned rooms. With an Entrance Hall, a Living Room, a Kitchen, a Bedroom and a Bathroom.

Externally, there is residents parking available to the rear of the property, and communal gardens.

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Investment/Rental opportunity
Once renovated, we expect an achievable rental income of £800pcm / £9,600 pa.

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Investment Rationale
NE29 remains a well-established location popular with:
• Young professionals
• Students
• Working tenants
• Owner-occupiers
The area benefits from strong transport links and convenient access to key employment hubs.
Following refurbishment, the property offers:
• Strong gross yield potential
• Attractive resale comparables (flip strategy)
• Long-term capital growth prospects

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Tenure
Assumed Leasehold
Vacant Possession

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Auctioneer’s Note
This property presents a versatile investment opportunity offering both rental potential and strong resale comparables. Buyers must satisfy themselves regarding planning, licensing requirements, and any comparable sales prior to bidding.

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Tenure: Leasehold

Administration Fee: £3600 inc VAT payable on exchange of contracts.

Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.