Property photos
Auction
Guide price
£160,000
3 bed flat for sale
The Open, Newcastle Upon Tyne NE13 beds
1 reception
EPC rating: D
Key Information
Local area information
Property location
Nearby amenities
- Our Lady and St Anne's RC Primary School 0.5 miles
- St Paul's CofE Primary School 0.6 miles
- Newcastle 0.6 miles
- Manors 0.6 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- Being Sold via Secure Sale Online Bidding. Terms & Conditions apply.
- Currently Tenanted
- Three Bedroom Apartment
- City Centre Location
Summary
Appealing to buy to let investors is this well presented 3 bedroom top floor apartment centrally located within the heart of Newcastle City Centre. The property has been rented out as a three bedroom property which has been generating an income of 18,044 per annum and currently has an HMO licence. The accommodation briefly comprises; secure communal entrance with intercom system, lift and stairs to all floors, entrance hallway with storage cupboard, lounge with walk in bay window, well appointed kitchen with a good range of wall and base units, space for appliances, three bedrooms and a four piece bathroom/W.C.
Externally there is an allocated parking bay which is currently rented out separately generating an income of 1200 per annum.
The property is centrally located close to both Universities, rvi hospital, St James Park football stadium, bars, restaurants, Eldon Square Shopping Centre, Haymarket Metro Station.
Agents note: There is currently an HMO License to rent out as 3 Bedrooms to 3 Tenants (Students/Professionals)
Please note the Annual Service Charge includes Unlimited Water Bill of 554.56 within the cost of 2908.
Council Tax Band: C
Tenure: Leasehold
Length Of Lease: 87
Annual Ground Rent Amount: 20.00
Annual Service Charge Amount: 2,908.00
Auctioneers Additional Comments
Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.
Please be aware that any inquiry, bid or viewing of the subject property will require your details to be shared between both the marketing agent and The Auctioneer in order that all matters can be dealt with effectively.
This auction lot is being sold either by, conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.
The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via The Auctioneers or the Marketing Agents website.
Auctioneers Additional Comments
Your details may be shared with additional service providers via the marketing agent and/or The Auctioneer.
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.
In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification and identity process in accordance with Anti Money Laundering procedures.
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 of 5% of the purchase price of the lot subject to any special conditions detailed in the legal pack. The deposit will be a contribution to the purchase price. A non-refundable reservation fee may also be payable upon agreement of sale (Details of which can be obtained from the auctioneers website). The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.
Both the Marketing Agent and The Auctioneer may believe it necessary or beneficial to the customer to pass your details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.
Appealing to buy to let investors is this well presented 3 bedroom top floor apartment centrally located within the heart of Newcastle City Centre. The property has been rented out as a three bedroom property which has been generating an income of 18,044 per annum and currently has an HMO licence. The accommodation briefly comprises; secure communal entrance with intercom system, lift and stairs to all floors, entrance hallway with storage cupboard, lounge with walk in bay window, well appointed kitchen with a good range of wall and base units, space for appliances, three bedrooms and a four piece bathroom/W.C.
Externally there is an allocated parking bay which is currently rented out separately generating an income of 1200 per annum.
The property is centrally located close to both Universities, rvi hospital, St James Park football stadium, bars, restaurants, Eldon Square Shopping Centre, Haymarket Metro Station.
Agents note: There is currently an HMO License to rent out as 3 Bedrooms to 3 Tenants (Students/Professionals)
Please note the Annual Service Charge includes Unlimited Water Bill of 554.56 within the cost of 2908.
Council Tax Band: C
Tenure: Leasehold
Length Of Lease: 87
Annual Ground Rent Amount: 20.00
Annual Service Charge Amount: 2,908.00
Auctioneers Additional Comments
Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.
Please be aware that any inquiry, bid or viewing of the subject property will require your details to be shared between both the marketing agent and The Auctioneer in order that all matters can be dealt with effectively.
This auction lot is being sold either by, conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.
The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via The Auctioneers or the Marketing Agents website.
Auctioneers Additional Comments
Your details may be shared with additional service providers via the marketing agent and/or The Auctioneer.
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.
In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification and identity process in accordance with Anti Money Laundering procedures.
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 of 5% of the purchase price of the lot subject to any special conditions detailed in the legal pack. The deposit will be a contribution to the purchase price. A non-refundable reservation fee may also be payable upon agreement of sale (Details of which can be obtained from the auctioneers website). The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.
Both the Marketing Agent and The Auctioneer may believe it necessary or beneficial to the customer to pass your details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.
There are some planning applications within 0.5 miles of this home
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