Guide price
£180,000
2 bed flat for saleElmfield Court, Bedlington NE22
2 beds
1 bath
1 reception
EPC Rating: C
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
Mortgage calculator
Monthly repayment
£900 per month
Whole of market comparison
70+ lenders and 10,000+ products
How much could I borrow
In partnership with
The monthly repayments provided are estimates and should be used as a guide only. The actual amount you can borrow will depend on your personal financial situation and subject to a full application. For a more precise estimate, please use the Mojo mortgage calculator. Your home or property may be repossessed if you do not keep up repayments on your mortgage.
More information
Tenure
Leasehold (Ask agent)
Service charge
Council tax band
A
Ground rent
Ground rent date of next review
.png){kind=logo}