329 Linthorpe Road
Middlesbrough
TS5 6AA
Hotch Pudding Place, Newcastle Upon Tyne
Offers in the region of £130,000 Sold (STC)
2 Bedroom House - Mid Terrace
- EPC RATING 'B' - DUE 7/2/2028
- EICR IN PLACE AND DUE 22/1/2028
- CP12 IN PLACE 25/11/2025
- The working tenant has been in situ since 12/5/2018
- A buyers premium is payable on purchasing this property - 2% + VAT payable on completion
- ** THIS IS ONE OF TWO PROPERTIES BEING SOLD BY THE SAME OWNER IN THE SAME DEVELOPMENT. THEY WOULD BE POTENTIALLY FLEXIBLE IF SOMEONE WAS TO OFFER TO BUY BOTH AT THE SAME TIME **
- SERVICE / MAINTENANCE CHARGE OF £197.82 pa. FOR UPKEEP OF THE COMMUNAL AREAS
BEING SOLD WITH A TENANT IN SITU. OFFERS ARE INVITED ON THIS MODERN (2018) AND WELL PRESENTED 'KEEPMOAT HOMES' BUILT TERRACED PROPERTY WHICH IS OFFERED FOR SALE ON A 'LET' BASIS WITH A TENANT IN SITU - PAYING £8,280 PER ANNUM (£690 per Month) THUS CREATING A YIELD OF 6.5% - ALBEIT ARGUABLY THE CURRENT MARKET VALUE RENT IS MORE £750 - 800 PCM WHICH WOULD HAVE A YIELD IN THE REGION OF 7 - 7.5%. THE PROPERTY OFFER A LOUNGE, KITCHEN, DOWNSTAIRS W.C., WITH TWO FIRST FLOOR BEDROOMS AND A FAMILY BATHROOM. THERE ARE GARDENS TO THE REAR WITH OFF STREET PARKING TO THE FRONT. WE FEEL THE PROPERTY IS IN AN IDEAL LOCATION FOR COMMUTING DUE TO THE CLOSE PROXIMITY TO THE A1 AND A69 ROADLINKS AS WELL AS BEING LESS THAN 5 MILES TO NEWCASTLE CITY CENTRE.
Although these particulars are thought to be materially correct their accuracy cannot be guaranteed and they do not form part of any contract.
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