Collingwood Court, Washington, Tyne and Wear, NE37 3EF

TO BE SOLD VIA ONLINE AUCTION. BUYER FEES APPLY.

A well-presented one-bedroom leasehold apartment in Washington, offering an excellent opportunity for investors seeking a buy-to-let property with an existing tenant and immediate rental income.

The accommodation comprises a spacious living room with double-glazed double doors opening onto a private balcony, a fitted kitchen with an integrated four-burner cooker and fridge, one bedroom and a bathroom. The property also benefits from a separate kitchen balcony, gas central heating, off-street parking and generous storage space beneath the entrance stairwell.

Further benefits include attractive landscaped communal gardens, communal lift access and a pleasant courtyard setting.

Currently tenanted, the property generates an immediate rental income of £360 per calendar month, with potential to increase to approximately £450 per calendar month.

The property is leasehold with approximately 84 years remaining on the lease. The annual service charge is £1,200. Council Tax Band A and EPC Rating C (81).

Council Tax Band: A
Tenure: Leasehold
Length of Lease: 84
Annual Service Charge Amount: £1,200.00