1 bedroom flat 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.

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.

QCT250652/2