45 Hatfield House, Borough Road, North Shields NE29 6JZ

Property Details: - Type: Flat - Bedrooms: 1 - Bathrooms: 1

Agent: Auction House - South Yorkshire Phone: 0114 488 7177

<p>FOR SALE VIA NATIONAL ONLINE AUCTION ON MONDAY 4th MAY AT 1PM WITH AUCTIONHOUSE.CO.UK/SOUTHYORKSHIRE</p><p>For sale by auction is this vacant one-bedroom apartment, in a consistently strong rental and resale location within NE29. <br/> <br/>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. <br/> <br/>Externally, there is residents parking available to the rear of the property, and communal gardens. <br/>________________________________________ <br/> <br/>Investment/Rental opportunity <br/>Once renovated, we expect an achievable rental income of £800pcm / £9,600 pa. <br/>________________________________________ <br/> <br/>Investment Rationale <br/>NE29 remains a well-established location popular with: <br/>• Young professionals <br/>• Students <br/>• Working tenants <br/>• Owner-occupiers <br/>The area benefits from strong transport links and convenient access to key employment hubs. <br/>Following refurbishment, the property offers: <br/>• Strong gross yield potential <br/>• Attractive resale comparables (flip strategy) <br/>• Long-term capital growth prospects <br/>________________________________________ <br/> <br/>Tenure <br/>Assumed Leasehold <br/>Vacant Possession <br/>________________________________________ <br/> <br/>Auctioneer’s Note <br/>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. <br/>________________________________________</p><p><b>Tenure:</b> Leasehold</p><p><b>Administration Fee:</b> £3600 inc VAT payable on exchange of contracts.</p><p><b>Disbursements:</b> Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.</p>