3 bedroom house for saleWest End Terrace, Hexham
- Auction Date: 17th ? 18th October 2018
- Three-bedroom terrace
- To be sold with vacant possession
- Opportunity to add value
- Approx. 88 sq. m / 947 sq. ft
- Close to the town centre
- Excellent nearby transport links
- Gas central heating
- Garden to the rear
- Potential rental income of £7,800 per annum
•For Sale By Online Auction: 17th – 18th October 2018
•Guide Price: £99,500+
•Three Bedroom terrace property
•Potential rental income of £7,800 per annum
•Gross yield of 7.84%, based on the guide price
This three-bedroom terrace property comprises spacious accommodation arranged over two storeys.
The ground floor accommodation briefly comprises kitchen and reception room. To the first floor, there are three good sized bedrooms and a family bathroom.
Externally, the property has single glazed windows and an enclosed garden to the rear.
This property is located on West End Terrace in Hexham, just south of the River Tyne. Hexham is a town within Northumberland which offers a variety of nearby amenities such as: Barclays Bank, Tesco Extra, Marks & Spencer and a range of other facilities.
There are excellent transport links that run through the area including railway services, accessible via Hexham Train Station, just under a mile away from the property. Good access is provided through the B6305.
Northumberland is a county in the north west, located approximately 27 miles of Newcastle upon Tyne and 70 miles of Middlesbrough. Good road links include the A1 and A696.
Investment Analysis - There is significant opportunity to add value to the property through basic modernisation.
The property is to be sold with vacant possession.
If the property is modernised, rental figure of £795 pcm (9,540 per annum) could potentially be achieved.
Accommodation - Total – Approx. 88 m2 / 947 sq. ft
(Measurement taken from the EPC).
Services - We understand the property has mains gas, electricity, water and drainage. However, interested parties should carry out their own investigations.
Tenure - Freehold
Council Tax - This property is rated in Council Tax Band A. Council Tax payable is £1,218 per annum.
Guide Price - £99,500+
Buyer’S Premium - 2% (min. £3,600) inc. VAT.
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*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.
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 John Pye Property, Nottingham on 0115 970 6060.
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