Guide price
£180,000
2 bed flat for saleApartment 6 Elmfield Court, Bedlington NE22
2 beds
1 bath
1 reception
EPC Rating: C
Just added
Auction
Leasehold
About this property
**sale by auction** – A Modern Fully Furnished Two-Bedroom Ground Floor Apartment, Let on Guaranteed Rent to a Housing Association – Producing £18,200 Gross Rent Per Annum with a 10% net Return Assured for 25 Years, – Fully Hands-Off Investment with a Buy-Back Option at Year Three Offering a 30% Uplift.
**For Sale By Public Auction – To inspect the legal documents for this property, please visit our website to download the legal pack.**
Description:
The property comprises a modern ground floor two-bedroom apartment, situated within a purpose-built block constructed in 2017. The accommodation extends to approximately 549 sq. Ft. And benefits from double-glazed windows and mains gas central heating.
This is a cash-only purchase and offers an exceptional investment opportunity in Batley. The apartment is fully furnished, completed and tenanted, and is let on a guaranteed rent agreement backed by a government scheme and secured through a cbs Registered Housing Association.
The investment produces £18,200 gross rent per annum. Returns are paid immediately, providing instant rental income upon completion of purchase.
A buy-back option is available at year three with a 30% uplift, further enhancing long-term value. This fully hands-off investment has been designed to deliver high-yield returns, with no void periods, no service charges, and no management fees.
Tenure: Leasehold. Held on a 125-year lease from 2017, with approximately 107 years unexpired.
Location: The apartment is located within Elmfield Court in Bedlington, a popular residential area in Northumberland. Bedlington offers a range of local amenities, schools and transport links, with good access to nearby towns and Newcastle upon Tyne.
Accommodation: The flat comprises:
**For Sale By Public Auction – To inspect the legal documents for this property, please visit our website to download the legal pack.**
Description:
The property comprises a modern ground floor two-bedroom apartment, situated within a purpose-built block constructed in 2017. The accommodation extends to approximately 549 sq. Ft. And benefits from double-glazed windows and mains gas central heating.
This is a cash-only purchase and offers an exceptional investment opportunity in Batley. The apartment is fully furnished, completed and tenanted, and is let on a guaranteed rent agreement backed by a government scheme and secured through a cbs Registered Housing Association.
The investment produces £18,200 gross rent per annum. Returns are paid immediately, providing instant rental income upon completion of purchase.
A buy-back option is available at year three with a 30% uplift, further enhancing long-term value. This fully hands-off investment has been designed to deliver high-yield returns, with no void periods, no service charges, and no management fees.
Tenure: Leasehold. Held on a 125-year lease from 2017, with approximately 107 years unexpired.
Location: The apartment is located within Elmfield Court in Bedlington, a popular residential area in Northumberland. Bedlington offers a range of local amenities, schools and transport links, with good access to nearby towns and Newcastle upon Tyne.
Accommodation: The flat comprises:
- Two Bedrooms
- Reception Room
- Kitchen
- Bathroom
More information
Tenure
Leasehold (Ask agent)
Service charge
Council tax band
A
Ground rent
Ground rent date of next review
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