1 bedroom apartment for sale

Auction Commencing on Monday 12th January at 1pm and ending 24 hours later on Tuesday 13th January at 1pm with Auction House North East

Please register to bid via our website - auctionhouse.co.uk/northeast

Buy-to-Let Opportunity | Tenanted | £6,900 Per Annum Income

Tenanted Investment Opportunity – £575 PCM

Offered for sale by auction is this well-presented one-bedroom ground floor flat, situated within the popular and established residential development of Gibbs Court, DH2 3DG.

The property is currently let and producing an income of £575 per calendar month (£6,900 per annum), making it an ideal buy-to-let investment for landlords seeking immediate rental return.

The accommodation extends to approximately 47 sq. metres (505 sq. ft.) and briefly comprises: entrance hall, spacious living room, fitted kitchen, double bedroom and bathroom. The property benefits from double glazing and a practical layout, suitable for long-term rental demand.

Externally, the building is set within well-maintained communal grounds with a pleasant outlook. The location offers convenient access to local amenities, transport links and surrounding towns, supporting continued tenant demand.

Investment Summary:
Let at £575 PCM
£6,900 per annum gross income
Ground floor one-bedroom flat
Popular residential development
Ideal auction investment opportunity
Tenanted and income producing from completion

This property is recommended for investors seeking a straightforward, income-producing asset to add to their portfolio.

Viewing strictly by appointment.
Full legal pack available on request.

Tenure: Leasehold

EPC Rating: C

Administration Fee: £3600 inc VAT payable on exchange of contracts.

Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.