Summary - 34 KENILWORTH COURT WASHINGTON NE37 3EA
1 bed 1 bath Flat
Immediate rental income with strong headline yield for buy-to-let buyers.
Long-term tenant in situ, £375 pcm (£4,500 pa) immediate income
A compact one-bedroom flat in a 1970s purpose-built block on the outskirts of Washington, offered for sale with a long-term sitting tenant. The property is currently let at £375 pcm (£4,500 pa), providing an immediate gross yield around 30% at the advertised BUY IT NOW price of £15,000. Accommodation includes hallway, fitted kitchen, lounge with small balcony, bedroom and bathroom; overall internal size is small but functional.
The flat is leasehold with approximately 86 years remaining and forms part of a mid-rise estate with communal access. There is evidence of a nearby garage/secure parking. Heating is by mains gas boiler and radiators; glazing is double glazed (install date unknown). EPC rating B.
This lot is sold via an Unconditional Online Auction (Option A) with a BUY IT NOW price plus auction fees. Important transactional costs: Auction Fees totalling £6,204 (inc VAT) and a Buyer’s Premium of £1,800 (inc VAT) are payable. Successful buyers must also pay a non-refundable administration fee and a deposit (10% or minimum £5,000) as set out in the auction conditions — check the legal pack before bidding.
The setting offers good road links to The Galleries, A1 and A19, and local amenities within Washington. Note the surrounding area is classified as very deprived with high local crime statistics; the building and some internal fittings are dated and likely need cosmetic updating. This is primarily suited to investors seeking an immediate income-producing buy-to-let with clear awareness of statutory costs and local market conditions.
1 bedroom flat for sale in Neville Court, Washington, NE37 — £12,500 • 1 bed • 1 bath • 555 ft²
3 bedroom flat for sale in Neville Court, Washington, NE37 — £25,000 • 3 bed • 1 bath • 967 ft²
1 bedroom flat for sale in 87 Kenilworth Court, Washington, Tyne And Wear, NE37 3EG, NE37 — £20,000 • 1 bed • 1 bath • 488 ft²
1 bedroom flat for sale in Waterloo Walk, ., Washington, Tyne and Wear, NE37 3EL, NE37 — £20,000 • 1 bed • 1 bath • 377 ft²
1 bedroom apartment for sale in Waterloo Walk, washington, Washington, Tyne and Wear, NE37 3EN, NE37 — £15,000 • 1 bed • 1 bath
1 bedroom apartment for sale in Kenilworth Court, Sulgrave, Washington, Tyne and Wear, NE37 3EA, NE37 — £20,000 • 1 bed • 1 bath
