2 bedroom apartment for sale
Key information
Features and description
- Two bedrooms
- 10% Yield
- £700 Per Calendar Month
- Ground floor apartment
- Utility room
- Situated in Lobley hill
- Excellent transport links
Video tours
We are delighted to introduce to the market this splendid 2-bedroom apartment nestled in the heart of Lobley Hill, Gateshead. As part of a residential sale, this apartment promises a welcoming blend of modern living within a warm, community-focused environment.
Upon entering the apartment, inviting reception room that offers an ideal space for relaxation or for hosting guests. Neutral colours and ample space provide a delightful canvas to personalise, creating your own haven of comfort.
There are two generously proportioned bedrooms. The rooms are designed to house a range of bedroom furniture, giving you the freedom to configure the space to your liking. Each of the bedrooms boasts plenty of natural light, giving the rooms a bright and airy feel.
In addition to this, the property features a well-appointed bathroom that echoes the contemporary theme of the apartment.
Located in Lobley Hill, the apartment is perfect for people seeking a combination of city and suburban life. The area offers a rich array of amenities, including shops, dining options, and recreational facilities, all within easy reach. The location also provides a seamless commute to the city, making it an ideal home for both working professionals and families.
Early viewing is highly recommended to truly appreciate the unique offerings of this property. It blends modern convenience, comfortable living, and a superb location, making it a truly special place to call home.
Council Tax Band: A
Tenure: Leasehold
Length Of Lease: 103 years
Rooms
Hall
Bedroom two 2.99m x 3.26m (9ft 9in x 10ft 8in)
Master bedroom 3.62m x 3.27m (11ft 10in x 10ft 8in)
Bathroom 2.90m x 1.72m (9ft 6in x 5ft 7in)
Kitchen 2.64m x 2.97m (8ft 7in x 9ft 8in)
Utility room 2.49m x 1.72m (8ft 2in x 5ft 7in)
Lounge 3.58m x 6.74m (11ft 8in x 22ft 1in)
Auctioneers Additional Comments
Pattinson Auction are referred to below as The Auctioneer. This auction lot is being sold under either conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer. The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer. Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between any marketing agent and The Auctioneer so that all matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid on any property marketed by The Auctioneer, all bidders buyers must adhere to a verification of identity process in line with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere. Our verification process is in place to ensure AML procedures are carried out in accordance with the law
Auctioneers Additional Comments
The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price. The Reserve Price is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the Guide Price , Starting Bid. These prices are subject to change. An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction. A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers obligations and sellers commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts, the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price. The deposit will form part of the purchase price. A non-refundable reservation fee of up to 6% inc VAT (Subject to a minimum fee which could be up to 7,200 inc VAT) is also payable upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs. Both the Marketing Agent and the Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received. There is no requirement or obligation to use any recommended suppliers or services.
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