Apartment 6 Elmfield Court, Bedlington, NE22 7GA

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SALE BY AUCTION – A Modern Fully Furnished Two-Bedroom Ground Floor Apartment, Let on Guaranteed Rent to a Housing Association – Producing £18,200 Gross Rent Per Annum, £15,600 Net Annual Income – 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 ground floor two-bedroom apartment, situated within a purpose-built block constructed in 2017. The accommodation extends to approximately 549 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 £15,600 net annual income. 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 located within Elmfield Court in Bedlington, a popular residential area in Northumberland. Bedlington offers a range of local amenities, schools and transport links, with good access to nearby towns and Newcastle upon Tyne., Accommodation: The flat comprises:, Under the Consumer Protection Act 1987 we endeavour to make our sales details accurate and reliable but they should not be relied upon as statements or representations of fact and they do not constitute any part of an offer of contract. The seller does not make any representations to give any warranty in relation to the property and we have no authority to do so on behalf of the seller. Services, fittings and equipment referred to in the sales details have not been tested (unless otherwise stated) and no warranty can be given as to their condition. We strongly recommend that all the information which we provide about the property is verified by yourself or your advisers., Under the Estate Agency Act 1991 you will be required to give us financial information in order to verify your financial position before we can recommend any offer to the vendor.