Norwood Road, Newcastle Upon Tyne

Summary

A five bedroom House of Multiple Occupancy (HMO) Investment. The accommodation comprises; entrance hall, lounge, bedroom with ensuite, spacious kitchen, rear lobby and WC. To the first floor there are three further bedrooms all with en-suite. To the second floor there is a further bedroom with ensuite. Externally there is a town garden to the front and a yard to the rear.  This period property is well presented and located on a desirable street within Heaton.  Its current annual income is £22,092 an ideal investment.  

This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the “Reservation Period”). Interested parties personal data will be shared with the Auctioneer (iamsold).

If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.

A Buyer Information Pack is provided. The buyer will pay £300.00 including VAT for this pack which you must view before bidding.

The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.20% of the purchase price including VAT, subject to a minimum of £6,000.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.

Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00. These services are optional.