Apartment 6 Elmfield Court, Bedlington, NE22 7GA
- PROPERTY TYPE
Apartment
- BEDROOMS
2
- BATHROOMS
1
- SIZE
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Description
**SALE BY AUCTION** – A Modern Fully Furnished Two-Bedroom Ground Floor Apartment, Let on Guaranteed Rent to a Housing Association – Producing £18,200 Gross Rent Per Annum with a 10% NET Return Assured for 25 Years, – Fully Hands-Off Investment with a Buy-Back Option at Year Three Offering a 30% Uplift.
**For Sale By Public Auction – To inspect the legal documents for this property, please visit our website to download the legal pack.**
Description:
The property comprises a modern ground floor two-bedroom apartment, situated within a purpose-built block constructed in 2017. The accommodation extends to approximately 549 sq. ft. and benefits from double-glazed windows and mains gas central heating.
This is a cash-only purchase and offers an exceptional investment opportunity in Batley. The apartment is fully furnished, completed and tenanted, and is let on a guaranteed rent agreement backed by a government scheme and secured through a CBS Registered Housing Association.
The investment produces £18,200 gross rent per annum. Returns are paid immediately, providing instant rental income upon completion of purchase.
A buy-back option is available at year three with a 30% uplift, further enhancing long-term value. This fully hands-off investment has been designed to deliver high-yield returns, with no void periods, no service charges, and no management fees.
Tenure: Leasehold. Held on a 125-year lease from 2017, with approximately 107 years unexpired.
Location:
The apartment is located within Elmfield Court in Bedlington, a popular residential area in Northumberland. Bedlington offers a range of local amenities, schools and transport links, with good access to nearby towns and Newcastle upon Tyne.
Accommodation:
The flat comprises:
- Two Bedrooms
- Reception Room
- Kitchen
- Bathroom
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Band: A
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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- GARDENA property has access to an outdoor space, which could be private or shared.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent
Apartment 6 Elmfield Court, Bedlington, NE22 7GA
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About Century 21 UK, Paisley
Pavilion 4, 14 Marchburn Drive, Glasgow Airport Industrial Park, Glasgow, PA3 2SJYour mortgage
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Visit our security centre to find out moreDisclaimer - Property reference L818613. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Century 21 UK, Paisley. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Century 21 UK, Paisley on 0115 647 9955.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited. **This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.
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