2 bed flat for sale

Lemon Street, South Shields NE33

Tenure: Leasehold

*for sale via auction* *tenant in situ*

This well-presented two bedroom first floor flat offers an excellent opportunity for investors seeking a ready-made addition to their portfolio. Sold with a tenant in situ currently paying £575 per calendar month, the property provides immediate rental income and represents an ideal first investment or a seamless expansion for seasoned landlords. The accommodation is arranged to maximise both space and comfort, featuring an inviting open plan lounge and dining room that is perfect for relaxation or entertaining. The kitchen is well-appointed and practical, while both bedrooms are of good proportions, offering flexibility for tenants’ needs. Double glazing and gas central heating ensure year-round comfort and energy efficiency. The property is conveniently located close to a range of local amenities, including shops, schools, and public transport links, making it attractive to tenants seeking convenience and accessibility. Viewing is highly recommended to fully appreciate the quality and potential of this investment opportunity.

Externally, the flat benefits from access to a shared yard at the rear, providing a useful outdoor space for residents. This area is ideal for drying laundry, enjoying some fresh air, or storing bicycles and other outdoor equipment. The shared yard is maintained in good order and offers a communal aspect to the property, fostering a sense of community amongst residents. Whether you are looking to add to your existing property portfolio or take your first step into property investment, this two bedroom flat combines practical living accommodation with appealing outside space and a reliable rental return. Early viewing is advised to avoid disappointment.

‘This property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 56 Day Reservation Period. Interested parties’ personal data will be shared with the Auctioneer (iamsold Ltd).

If considering a mortgage, inspect and consider the property carefully with your lender before bidding. A Buyer Information Pack is provided, which you must view before bidding. The buyer is responsible for the Pack fee. For the most recent information on the Buyer Information Pack fee, please contact the iamsold team.

The buyer signs a Reservation Agreement and makes payment of a Non-Refundable Reservation Fee of 4.5% of the purchase price inc VAT, subject to a minimum of £6,600 inc. VAT. This Fee is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. The Fee is considered within calculations for stamp duty.

Services may be recommended by the Agent/Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £960 inc. VAT. These services are optional’

Entrance Hall

With entrance door and stairs leading to the first floor landing.

Landing

With doors leading to the bedrooms and lounge/dining room.

Bedroom One

With window to the front and radiator.

Bedroom Two

With window to the front and radiator.

Lounge & Dining Room

With two windows to the rear and feature fireplace.

Kitchen

Fitted with wall and base units, worktops, inset sink, splash back tiling, gas hob, electric oven, extractor fan, window to the side and bathroom.

Bathroom

With bath and shower over, w.c. Wash hand basin, window to the side and radiator.

Rear Hall

With stairs leading down to the rear yard.

Yard

Shared yard to the rear.