Celandine Way, Windy Nook, Gateshead, NE10 8QP

One bedroom First floor flat is available with no onward chain. Cash Buyers Only.

The property will be sold as seen on completion, with no warranties or guarantees given in respect of its condition or contents.

We understand there are approximately 54 years remaining on the lease. Mortgage lender requirements regarding lease length vary and purchasers requiring finance should check suitability with their lender/mortgage adviser. Buyers are also advised to obtain independent legal advice regarding the lease and options for extending the term.

Similar properties in the area can achieve rental income of around £600 per calendar month, depending on condition and specification.

Based on the asking price of £50,000, this represents a potential gross rental yield of approximately 14.4%.

The property comprises an entrance lobby with stairs leading to the first floor. The lounge offers space for a range of furnishings, a feature fireplace and useful storage cupboard.

The kitchen has a built-in oven and electric hob with extractor fan over, along with space for a fridge freezer and plumbing for a washing machine.

The bathroom/WC features a shower over the bath and fully tiled walls. The double bedroom benefits from fitted wardrobes.

Externally, the property has a low-maintenance front garden, with steps leading to a side garden featuring a wooden decked area and lawn.

The garden is enclosed and there is a side parking bay providing off-street parking.

A shed located beside the main entrance provides useful additional storage.

The property also benefits from double-glazed windows and electric heating.

We understand the flat is held on a Lease of 99 years from 1st March 1982, leaving approximately 54 years remaining at the date of listing. Full details will be confirmed by solicitors.

The property is being sold as part of an estate and probate has not yet been granted. Please note that completion of the sale cannot take place until probate has been formally obtained.

Agents Note: The property is being sold on behalf of a corporate client in connection with a deceased estate. As the client has no personal knowledge of the property, it may not be possible to provide responses to all of the usual property questionnaires or enquiries. Prospective purchasers are advised to contact the selling agent prior to arranging a viewing should this information have any bearing on their decision to purchase.

MAKING AN OFFER: Please note that all offers will require financial verification including mortgage agreement in principle, proof of deposit funds, proof of available cash and full chain details including selling agents and solicitors down the chain. Under New Money Laundering Regulations we require proof of identification from all buyers before acceptance letters are sent and solicitors can be instructed.

IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS: 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 traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.

QLF260376/2