1 bedroom apartment for sale

Auction Commencing on Monday 16th March at 1pm and ending 24 hours later on Tuesday 17th March at 1pm with Auction House North East.

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

£140 Per Week Income – Long-Term Let in Place Until 2027.

Deluxe Studio | Let at £140 per week | EPC Rating: C

A superb opportunity to acquire a high-yielding deluxe studio apartment within the popular Park Lane House development, offered for sale by auction as a fully let investment.

The unit is currently let at £140 per week and forms part of a scheme that has maintained 100% occupancy since opening, demonstrating strong and consistent tenant demand. The property is let through to August 2027, providing an incoming purchaser with secure, long-term income from day one.

Flat 2B comprises a well-presented studio bedroom with integrated storage and workspace, along with a modern en-suite shower room. Residents also benefit from access to high-quality communal facilities, including a contemporary kitchen/diner, social spaces and lobby areas, all designed to appeal to the student and young professional market.

The building is conveniently located close to local amenities, transport links and educational institutions, further underpinning the property’s rental appeal.

Key Investment Highlights:
Deluxe studio apartment
Let at £140 per week
Let through to August 2027
Proven 100% occupancy across the scheme
EPC Rating: C
Excellent hands-off investment opportunity

An ideal purchase for investors seeking secure income and strong rental demand in a purpose-built development.

Tenure: Leasehold

EPC Rating: see legal pack

Administration Fee: £5000 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.