£56,500
2 bed flat for saleVindolanda, Wallsend NE28
2 beds
1 bath
1 reception
EPC Rating: C
- Leasehold
North East Property Investment (NEPI)
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About this property
5 Year Lease in place
Rent £7,390 pa
13% Gross Yield
Leasehold 110 Years remain
Council Tax A
EPC C
Nepi is delighted to present this 2-bedroom ground floor flat in Wallsend, North Tyneside. Currently under a government-backed lease, this property provides an excellent, low-cost, long-term investment opportunity. The property is leasehold with 110 years remaining and a service charge of £33pcm (collected quarterly). The rental income produces £615.84pcm / £7,390pa (Gross)
The property comprises of 2 bedrooms, lounge, Kitchen &bathroom, also benefiting from gas central heating & double-glazed windows. Please note this property has a buyers premium of £2000+vat.
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More information
Tenure
Leasehold (110 years)
Service charge
£396 per year
Council tax band
A
Ground rent
£10
Ground rent date of next review