This calculator provides a guide to the amount of residential stamp duty you may pay and does not guarantee this will be the actual cost. This calculation is based on the Stamp Duty Land Tax Rates for residential properties purchased from 23rd September 2022 and second homes from 31st October 2024. For more information on Stamp Duty Land Tax, click here.
9 bedroom Flat for sale, Six Apartments, Collingwood Court, Neville Court and Kenilworth Court, Tyne and Wear, NE37
Features and Description
Auction Commencing on Monday 01st June at 1pm and ending 22 hours later on Tuesday 02nd June from 11am with Auction House North East.
Please register to bid via our website - auctionhouse.co.uk/northeast
Portfolio of six leasehold flats in Washington, Tyne & Wear, partly income-producing (c.£1,590 pcm incl. garage) with value-add potential.
LOT – PORTFOLIO OF SIX LEASEHOLD FLATS – WASHINGTON, TYNE & WEAR
Guide Price: £60,000 – £80,000
An opportunity to acquire a portfolio of six leasehold residential units located in Washington, Tyne and Wear. The portfolio comprises a mix of one- and two-bedroom properties, several of which are income-producing, offering both immediate return and asset management potential.
72 Neville Court, NE37 3DY
Vacant One-bedroom flat. There is separate garage currently let at £35 per calendar month.
100 Kenilworth Court, NE37 3EQ
Two-bedroom flat currently tenanted at £375 per calendar month. It is understood that either this property or another within Kenilworth Court has recently undergone full double glazing replacement (to be confirmed).
104 Kenilworth Court, NE37 3EQ
Two-bedroom flat with an additional small room adjoining the principal bedroom, suitable as a nursery or study. Currently tenanted at £420 per calendar month.
99 Collingwood Court, NE37 3ED
One-bedroom flat presented in good condition, having undergone a refurbishment in recent years including kitchen, bathroom, and double glazing. Currently tenanted at £350 per calendar month.
114 Collingwood Court, NE37 3EF
Vacant Two-bedroom maisonette with its own private entrance.
115 Collingwood Court, NE37 3EF
One-bedroom flat currently let at £375 per calendar month, with the tenant due to vacate on 21st May.
Investment Summary
Portfolio of six leasehold residential units
Current rental income (partially let): approx. £1,555 per calendar month (excluding vacant/owner-occupied units)
Additional income from garage: £35 per calendar month
Scope to increase rental income and letting of vacant units
Asset management opportunity with value-add potential
Attractive guide price reflecting condition and upside
Tenure: Leasehold (all units)
Legal Pack: Available upon request
A compelling opportunity for investors seeking a multi-unit portfolio with existing income and significant potential for enhancement and yield growth.
Tenure: Leasehold
EPC Rating: various. see legal pack
Administration Fee: £3600 inc VAT payable on exchange of contracts.
Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
IMPORTANT NOTE TO POTENTIAL PURCHASERS:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are travelling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller.
Six Apartments, Collingwood Court, Neville Court and Kenilworth Court, Tyne and Wear, NE37
Additional Information
-
Property refQWS260201
-
TenureLeasehold
-
Local authoritySunderland City Council
-
Ground RentContact the branch
-
Ground Rent ReviewContact the branch
-
Service ChargeContact the branch
Similar properties for sale by Your Move Washington
The pin shows the exact address of the property
Energy Efficiency Rating
Very energy efficient - lower running costs
Not energy efficient - higher running costs
Current
N/APotential
N/ACO2 Rating
Very energy efficient - lower running costs
Not energy efficient - higher running costs
