Lot 2 - 5 Cheviot Grove, Pegswood, Morpeth, Northumberland, NE61 6YJ
- Unconditional Online Auction Sale
- Guide Price* : £100,000
- Two Bedroom Detached Bungalow
- Popular location of Pegswood
- Cul-de-sac position
- Investment Property Let at £6,900 per annum
ON BEHALF OF LPA RECEIVERS: Two bedroom detached bungalow Let at £575pcm.
Description
A residential investment comprising a two bedroom detached bungalow benefiting from double glazing and central heating (not tested). The property is Let at an annual equivalent rent of £6,900.
Location
The property is located in a quiet cul-de-sac in the popular area of Pegswood. There are a number of schools within 2 miles of the property and Pegswood railway station is less than half a mile away.
Tenure
The property is held Freehold.
Accommodation
Entrance Hall, Lounge, Kitchen, Two Bedrooms, Bathroom and Conservatory
Outside
Driveway, garage and gardens to the front and rear.
Tenancies
The Receivers have not had sight of the Tenancy Agreement and it is understood that the tenants have been in occupation for approximately 15 years. The rent will rise from £475pcm to £575pcm from the 26th June 2024.
EPC
Energy Performance Asset Rating - E
Council Tax Band
B
Buyers Administration Fee
There will be a Buyer's Administration Fee of £2,000 payable upon exchange of contracts.Additional Information
1. The information contained within the Particulars are given in good faith, but all descriptions, statements, dimensions ( these may have come from a third party source e.g. the seller, valuation reports or historic sales particulars), references to condition and permissions for the use and occupation or other details are made without responsibility and should not be relied upon as representation of fact.
2. If a video walk through, or any other form of virtual tour, is provided whilst every effort is made to accurately give an overview of the property we cannot give any warranty concerning the nature, and condition of the property and the suitability thereof for any and all activities and use. The video, or tour, is provided to assist only and without responsibility and should not be relied upon as representation of fact, or replace all appropriate due diligence a prudent purchaser would make.
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
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