Summary -
87 Kenilworth Court,WASHINGTON,NE37 3EG
NE37 3EG
1 bed 1 bath Flat
Entry-level buy-to-let with long lease and resident parking.
Proven rental income £5,400 per annum
This one-bedroom flat in Kenilworth Court is offered as a buy-to-let opportunity with proven rental income of £5,400 per year. The 488 sqft apartment sits in a 1970s block with communal grounds and resident parking, close to local shops, bus links and everyday amenities — useful for tenant attraction and short voids.
The lease is long (approximately 960 years remaining) and running costs include an average service charge of around £1,200 and a small ground rent (circa £10). Broadband speeds are fast and mobile signal is excellent, supporting modern tenant needs; council tax is described as very cheap which can help affordability for renters.
This lot will be sold at auction (online) with an unconditional contract on the fall of the hammer: expect a 5% deposit and a buyer’s premium (5% + VAT, minimum fee applies). The property sits in an area with high crime rates and significant deprivation metrics, which will affect yields and management considerations.
Suitable for investors seeking an entry-level asset or portfolio addition, the flat offers steady income and long lease security but requires prudent budgeting for service charges, potential tenant management and the auction-related purchase costs.
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