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Lot No.

Apartment Leasehold

20 Elmfield Court, BEDLINGTON, United Kingdom, NE22 7GA View Map View Map

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Apartment Leasehold

£180,000

Guide price (plus fee)
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**SALE BY AUCTION** – A Modern Fully Furnished Two-Bedroom First 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 first floor two-bedroom apartment, situated within a purpose-built block constructed in 2017. The accommodation extends to approximately 538 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, with a 10% NET return assured for 25 years. 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 situated within Elmfield Court in Bedlington, a popular residential location in Northumberland. Bedlington offers a wide range of local amenities, schools and transport connections, with convenient access to surrounding towns and Newcastle upon Tyne. Accommodation: The flat comprises: Two Bedrooms Reception Room Kitchen Bathroom
Tenure
Leasehold
Council Tax Band
A
Features
  • Bedrooms: 2
  • Bathrooms: 1

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