2 bed flat for sale

Wharton Street, South Shields NE33

Summary

This charming two-bedroom ground floor flat presents a fantastic opportunity for first-time buyers or investors. Situated in a central location, just a short walk from the coast, the property is offered below market value with no upper chain, making for a hassle-free purchase.

Inside, it features an entrance hallway with a storage cupboard, modern lounge, two double bedrooms, a modern kitchen, and a contemporary four-piece bathroom. There is also a private rear yard. For investors, the flat offers an attractive potential rental yield of 12%, making it a highly appealing prospect.

Agent note: Lease has been extended to 86 years from January 2025

Entrance Hallway

Lounge (4.45 x 3.6 (14'7" x 11'9"))

Modern lounge with neutral decoration, wall mounted electric fire and access to the kitchen

Kitchen (4.05 x 2.15 (13'3" x 7'0"))

Modern white high gloss kitchen with a range of wall and base units. Contrasting work surfaces and splash back tiling. There is an electric hob and integrated oven with stainless steel extractor over, access to the rear yard .

Bathroom (2.8 x 2.4 (9'2" x 7'10"))

Modern tiled bathroom comprising of a recessed walk in shower, white panel bath, wash hand basin and low level wc.

Bedroom 1 (5.35 x 3.85 (17'6" x 12'7"))

Spacious double bedroom with a front facing aspect.

Bedroom 2 (3.4 x 2.4 (11'1" x 7'10"))

Double bedroom with a rear facing aspect.

External

Private yard to the rear.

Council Tax Band: A
Tenure: Leasehold
Length Of Lease: 86

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 of 6,000 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.