FOR SALE BY ONLINE AUCTION ENDING 27TH NOVEMBER 2025 AT 12:00PM. THE PROPERTY IS SOLD UNDER UNCONDITIONAL AUCTION TERMS AND CONDITIONS.
A STYLISH apartment set in this popular location OFFERED FOR SALE WITH NO ONWARD CHAIN boasting a BEAUTIFUL OPEN PLAN LOUNGE/KITCHEN with Juliet style balcony and lovely far reaching views. There are two GOOD SIZED bedrooms both with fitted wardrobes and a modern bathroom. There is also the added benefit of allocated parking. Ideal for first time buyers, those looking to downsize or investors with the net yield being approximately 7.3%. Situated for access to the range of shops, bars and restaurants that Low Fell has to offer as well as links to surrounding areas. A MUST SEE PROPERTY!
Communal Entrance Access comes via an entry intercom system with stairs to all floors.
Entrance Hall With wood effect laminate flooring, central heating radiator and storage cupboard.
Open Plan Lounge/Kitchen 21'2"x11'9" (6.45mx3.58m). The lounge area features sliding doors leading out to a Juliet style balcony with far reaching views, wood effect laminate flooring and two vertical radiators whilst the kitchen area is fitted with a range of modern high gloss wall and base units with work surfaces over, sink and drainer unit, feature island, built-in electric oven, gas hob, extractor hood, integrated dishwasher, fridge freezer and washing machine and recessed lighting.
Bedroom One 13'10"x7' (4.22mx2.13m). With a range of fitted wardrobes, central heating radiator and a double glazed window.
Bedroom Two 13'4"x9'8" (4.06mx2.95m). With a range of fitted wardrobes, central heating radiator and a double glazed window.
Bathroom 7'5"x5'8" (2.26mx1.73m). Equipped with a suite comprising: panelled bath with shower over, wash hand basin, low level wc, chrome heated towel rail, tiled walls, tiled floor and recessed lighting.
Externally The property has the benefit of allocated parking.
Tenure Sarah Mains Residential have been advised by the vendor that this property is leasehold, although we have not seen any legal written confirmation to be able to confirm this. Please contact the branch if you have any queries in relation to the tenure before proceeding to purchase the property.
Property Information Local Authority: Gateshead
Flood Risk: This property is listed as currently having a very low risk of flooding although we have not seen any legal written confirmation to be able to confirm this. Please contact the branch if you have any queries in relation to the flood risk before proceeding to purchase the property.
TV and Broadband: BT, Sky – Basic, Superfast in the area
Mobile Network Coverage: EE, Vodafone, Three, O2 in the area
Please note, we have not seen any documentary evidence to be able to confirm the above information and recommend potential purchasers contact the relevant suppliers before proceeding to purchase the property.
Recording Devices Please be aware that some properties may be equipped with CCTV, video doorbells, or other recording devices (including internal audio/video surveillance) for security purposes. While viewings are conducted in private homes, we ask that all attendees respect that the property owner may choose to monitor or record access to their home. If you have any concerns regarding this, please speak to a member of our team prior to your appointment. We have advised all vendors that any recording during viewings should be disclosed and used strictly for personal purposes only, in accordance with data protection and privacy laws.
Terms & Timescales This property is being sold subject to unconditional purchase premium auction terms and conditions.
Immediate exchange of contracts. Completion must take place within 28 days.
Legal Pack A legal pack is available for this property. We strongly advise all potential bidders thoroughly read through the legal pack prior to bidding, paying particular attention to the special conditions. If you are unsure of anything contained within the pack, please consult a legal representative.
Deposit In order to secure the purchase a buyer will pay a deposit of 5% (subject to a minimum of £3,000) which contributes towards the overall purchase price of the property.
The deposit is non-refundable.
Buyer Fees This property is sold subject to a non-refundable purchase premium of 2.4% inc VAT, subject to a minimum of £3000 inc VAT. This does not form part of the purchase price.
More Information For further information please contact our auction department on 0191 487 0011 or email auctions@sarahmains.com
ONLINE AUCTION NOTICE PART ONE I hereby acknowledge and confirm the following:
Once placed, my bid cannot be withdrawn and will stand until 2 hours after the auction closes. My bid may be accepted by the seller at any time before the close of the auction. I have read and understood the terms of the auction and my bid is placed accordingly. I have read and understood the legal pack applicable to this property and I understand that I am bound by the special conditions contained within. If my bid is successful at any point from now until up to 2 hours after the auction closes, I shall be bound by the lot terms and conditions as advertised online.
ONLINE AUCTION NOTICE PART TWO The auction will continue to run if there is a bid within 10 minutes of the closing time. After 10 minutes without a bid, providing the reserve price has been met, the highest bidder will be successful. If there is another bid within 10 minutes of the last bid, the auction countdown timer will be restarted for another 10 minutes to allow further bidding. This system makes it fairer for all parties involved and prevents last second bidding.
Please bid in good time before the end of the auction, delaying your bid to the last seconds may disadvantage you if your connection slows or you lose internet connectivity. It is the bidder's responsibility to ensure the bid has been lodged with the auctioneer. The auctioneer accepts no responsibility for bids that are not received or are received late, and reserves the right to reject any bid without notice.
Ground Rent: £200 per annum
Service Charge: £1620 per annum
Tenure Type : Leasehold
End Lease Date: 21/04/2134
Council Tax Band: B
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