ATTENTION INVESTORS..... Set in this popular location opposite the Walkergate primary school this spacious 5 bedroom first and second floor maisonette might be the Investment opportunity you've been waiting for. The property is currently let on an Assured shorthold tenancy at £695pcm representing a gross yield of 7.25% based on the asking price of £115,000. Entering the property you have a ground floor hall. To the first floor you have a landing, lounge, fitted kitchen with integrated oven hob and hood, rear lobby, white suited bathroom and 3 bedrooms. Moving upwards to the second floor you have a landing and 2 further bedrooms. Outside the property has a shared front forecourt and a useful rear yard.
Constructed around 1900 the property is within reach of local schools, shops and bus services with the varied shops of Byker town centre being around 5 minutes drive away and Newcastle City centre being around 10 minutes drive away.
KITCHEN 2.59m (8'6") x 3.96m (13'0")
Stainless steel sink unit single drainer set in a range of wall and floor units with built in oven, hob & hood. Plumbed for automatic washer. Radiator.
BEDROOM (1) 4.09m (13'5") x 4.32m (14'2")
(Plus bay window). Radiator.
BEDROOM (2) 2.16m (7'1") x 3.17m (10'5")
Laminate Floor. Radiator.
BEDROOM (3) 2.16m (7'1") x 3.17m (10'5")
Radiator.
BATHROOM 1.70m (5'7") x 1.96m (6'5")
with white suite of twin grip bath with shower over, pedestal basin, and low level W/C. Part PVC clad walls. Laminate floor. Radiator.
LANDING 2.41m (7'11") x 3.28m (10'9")
Skylight & walk-in cupboard (The vendor advises there is plumbing only for the installation of a toilet and handbasin)
BEDROOM (4) 3.45m (11'4") x 2.49m (8'2")
Velux window. Radiator.
EXTERNALLY
Shared front forecourt and a Useful rear yard.
EPC
Energy rating 'D'.
Council Tax
Band 'A'.
TENURE
Leasehold with an unexpired term on 27/1.23 of 81 years and a ground rent of 1 peppercorn pa. We believe that under The Leasehold Reform, Housing and Urban Development Act 1993 as amended, after you have owned the property for 2+ years you may have the right to extend the lease by 90 years subject to meeting the qualifying criteria and subject to payment of a premium and costs. You should seek your solicitors advice on this prior to exchange of contracts.
THE VENDOR ALSO VERBALS ADVISES US THAT THE PROPERTY IS SOLD SUBJECT TO A RESTRICTIVE COVENANT PREVENTING IT'S USE AS A HOUSE IN MULTIPLE OCCUPATION.
Reference: 39S000280
Disclaimer
These particulars are intended to give a fair description of the property but their accuracy cannot be guaranteed, and they do not constitute an offer of contract. Intending purchasers must rely on their own inspection of the property. None of the above appliances/services have been tested by ourselves. We recommend purchasers arrange for a qualified person to check all appliances/services before legal commitment.