Summary - 56, KENILWORTH COURT NE37 3EA
1 bed 1 bath Apartment
Ready-made rental with immediate income and low running costs.
Tenanted investment; currently yields £350 pcm immediate income
Leasehold with 86 years remaining; extension to 999 years reportedly in process
Sold via online auction — buyer fees apply, complete as auction terms
Combi boiler 3 years old; gas central heating and double glazing
EPC rating C; Council Tax Band A indicates low running costs
Communal gardens and parking; balcony across the lounge
Area classified very deprived with high local crime — affects demand
No flood risk; built late 20th century block, possible communal maintenance costs
A one-bedroom, leasehold apartment in Kenilworth Court offered as a tenanted investment via online auction. The flat includes a lounge with a full-width balcony, fitted kitchen, bedroom and bathroom, and benefits from double glazing and a three-year-old combi boiler with radiators. Communal grounds and parking serve the block; EPC rating C and Council Tax Band A indicate modest running costs.
The property is currently let at £350 pcm, providing immediate rental income for an investor purchaser. The listing notes a lease length of 86 years remaining; an extension to 999 years is reported to be in process but the present legal position is 86 years on the lease and buyers should verify progress and any associated costs. Auction sale means fees apply and completion times follow auction procedures.
Location is convenient for commuting to Sunderland, Newcastle and Durham and close to local amenities, schools and public transport. However, the surrounding area scores as very deprived with high local crime statistics and a “hampered aspiration / constrained renters” classification; these factors affect long-term capital growth and tenant demand. Buyers should factor in the socio-economic profile when assessing yield and resale prospects.
This asset suits a buyer seeking immediate income and a straightforward managed tenancy. Inspect documentation for tenancy terms, recent certificates, lease-extension paperwork and auction fees before bidding. The property is sold with no upper chain and is offered as seen.
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