Summary - 13 MANNERS GARDENS SEATON DELAVAL WHITLEY BAY NE25 0DW
2 bed 1 bath Ground Flat
Auction opportunity with garden and strong rental yield potential.
- Two bedrooms, ground-floor layout with private rear garden
- Compact overall size: approximately 571 sq ft
- 999-year lease but sold as leasehold (confirm legally)
- Double glazing and gas central heating already installed
- Small galley kitchen; living room has garden access
- Auction sale: Reservation Fee 4.5% (min £6,000) plus buyer fees
- Area shows higher crime and local deprivation indicators
- Potential rental yield quoted around 10% pre-tax
This ground-floor, two-bedroom property is offered through a modern auction route, priced from a low starting bid that will attract investors and budget-conscious buyers. The flat sits within a 1930s mid-terrace and benefits from double glazing, gas central heating and a private rear garden — useful extras for renting or letting to tenants. The layout is compact (approx. 571 sq ft) with a larger second bedroom and a small galley kitchen; the accommodation is presented ready-to-rent with neutral décor and good natural light in the living room.
For an investor, the seller’s guidance highlights an estimated pre-tax return of around 10%, and the 999-year lease reduces long-term tenure concerns. Important auction costs include a non-refundable Reservation Fee (4.5% of the purchase price, minimum £6,000 including VAT) plus other buyer fees and a pack fee of £300 where applicable; buyers must complete the purchase within 56 days of contract exchange. Leasehold tenure and auction terms should be checked with a solicitor before bidding.
Location strengths are practical: fast broadband, local shops, bus links and schools within walking distance, and an easy commute to nearby coastal towns. Material negatives are notable — the area shows higher crime levels and local deprivation indicators, and the property footprint is small, so it suits single occupants, a couple, or investors rather than families seeking large living spaces. Prospective buyers should carry out their own due diligence, view the property, and factor in the auction costs when assessing affordability.
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