1 Bedroom Flat

Arcadia, Ouston , DH2 1RF

£25,000+

1 Bedrooms

Call Us: 01661 831 360

This one-bedroom ground-floor flat would make a good investment, with recent rentals of similar style flats indicating a yield well above 10% per annum. It requires updating but is well located in a residential area close to the local amenities. It benefits from UPVC double glazing and is heated with night storage heaters.

The accommodation comprises an entrance hallway, open plan kitchen and living area, bedroom and bathroom.

Arcadia forms part of the established Wentworth Park residential development at Ouston, which offers a range of local facilities whilst being well placed for easy road access to Chester-le-Street, Birtley, Gateshead and Newcastle upon Tyne.

Property details provided by JW Wood
EPC rating: C
Council Tax band A
Tenure : Leasehold. The term of the lease is 99 years from 1 December 1989. The Ground Rent: £50 for the first 33 years, £100 for the next 33 years, and £200 for the remaining 33 years. Rent payable in advance on 1st March annually. Service Charge: One-eighth of the landlords’ costs in maintaining the building to be reviewed annually
Service Charge 2022 £770 paid in 2 parts

For Sale By Auction www.agentspropertyauction.com LIVE ONLINE AUCTION 30 August 2022 OPTION 1

Disclaimer 1
The Agents Property Auction have not inspected this property. The property details have been supplied by JWW. None of the services have been tested. Measurements, where given, are approximate and for descriptive purposes only. Boundaries cannot be guaranteed and must be checked by solicitors prior to exchanging contracts. The details are provided in good faith, are set out as a general guide only and do not constitute any part of a contract. No member of staff has any authority to make or give representation or warranty in relation to this property.
For sale by auction see www.agentspropertyauction.com

Disclaimer 2
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 sellers 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 £1000+vat (total £1200) Auction Administration Fee. At your request we can refer you to a North East based Solicitor from our panel. It is your decision whether you choose to deal with them, should you decide to use them you should know that we would receive a referral fee of £120 including Vat from them for the recommendation.

Disclaimer 3
A copy of the title is available upon request, we recommend all potential buyers take legal advice, satisfy their requirements on all matters and have finance in place prior to purchase.
Details awaiting vendors approval.

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