Appletree Court, Bensham Road, Gateshead, NE8

This stylish and well-presented top floor duplex flat offers modern accommodation set over two levels, ideal for first-time buyers, professionals or investors.

The current tenant has served notice and is due to vacate the property 23rd September, meaning the property will be available with vacant possession upon completion.

Similar apartments in the area achieve rental income of approximately £900 per calendar month, depending on specification. Based on the asking price of £100,000, this would represent a potential gross rental yield of approximately 10.8% per annum.

The property benefits from a valid Electrical Installation Condition Report (EICR) until September 2029.

The property comprises an entrance hall with space for coats and shoes, along with stairs leading to the main living accommodation. The double bedroom provides ample space for wardrobes and additional furnishings. The bathroom/WC has a shower over the bath, partial wall tiling, a heated towel rail and extractor fan.

To the upper floor is a spacious open-plan lounge, kitchen and dining area. The lounge offers plenty of space for furnishings, a useful storage cupboard and pleasant views to the front.

The kitchen has a built-in oven, electric hob with extractor hood above, plumbing for a washing machine and space for a fridge/freezer, while two Velux windows allow natural light to flood the room. The dining area comfortably accommodates a table and chairs, creating an ideal space for both everyday living and entertaining.

Further benefits include an electric heating system and double glazed windows throughout.

The property is held on a 99-year lease from 9 September 2004, leaving approximately 77 years remaining. The owner will extend the lease on completion.

The current ground rent is £100 per annum, payable to Home Ground. The service charge is £137.50 per calendar month, payable to Brannen & Partners, and includes the cost of the building insurance. Solicitors will confirm the full details.

MAKING AN OFFER:
Please note that all offers will require financial verification including mortgage agreement in principle, proof of deposit funds, proof of available cash and full chain details including selling agents and solicitors down the chain. Under New Money Laundering Regulations we require proof of identification from all buyers before acceptance letters are sent and solicitors can be instructed.

IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.

QLF260223/2