2 Storey Crescent, Newbiggin by the sea, Northumberland, NE64 6LG

Description

• PRIME NEW LISTING. We are excited to present this vacant 2-bedroom semi-detached bungalow located within a prime location in Newbiggin-by-the-sea, Northumberland.

• **8 Storey Crescent, Newbiggin-by-the-sea NE64 6LG sold for £165,000. 63 Woodhorn Farm, Newbiggin-by-the-sea NE64 6AH sold for £170,000. 19 Latimer Way, Newbiggin-by-the-sea NE64 6JR sold for £170,000.**

• This property presents a fantastic investment opportunity, with potential rental income of £700 to £750 per month. At this rate, you could generate an annual yield of £8,400 to £9,000, equating to a robust 7% yield if purchased at the guide price.

• For those eyeing the serviced accommodation market, this property could achieve a nightly rate of £125. With a 70% occupancy rate, you could see impressive earnings of approximately £31,937 per annum, subject to obtaining necessary permissions.

• This property is a perfect opportunity for a shrewd investor looking to employ the BRRR strategy – Buy, Refurbish, Rent, Refinance. Add value now and profit later with superb rental and capital growth potential.

PRIME NEW LISTING. We are excited to present this vacant 2-bedroom semi-detached bungalow located within a prime location in Newbiggin-by-the-sea, Northumberland.

The property comprises a welcoming entrance leading into a spacious hallway. There are two generous bedrooms offering ample space for comfort. The bright and airy living room is perfect for relaxation, while the well-equipped kitchen ensures convenience. The modern bathroom is designed for comfort, and there is ample storage throughout to cater to all your needs.

This property presents a fantastic investment opportunity, with potential rental income of £700 to £750 per month. At this rate, you could generate an annual yield of £8,400 to £9,000, equating to a robust 7% yield if purchased at the guide price.

For those eyeing the serviced accommodation market, this property could achieve a nightly rate of £125. With a 70% occupancy rate, you could see impressive earnings of approximately £31,937 per annum, subject to obtaining necessary permissions.

This property is a perfect opportunity for a shrewd investor looking to employ the BRRR strategy – Buy, Refurbish, Rent, Refinance. Add value now and profit later with superb rental and capital growth potential.

The property is being offered at a fantastic discount to ensure a sale. Should appeal to anyone looking for a straightforward purchase with excellent upside potential.

Excellent sales evidence in the area:**8 Storey Crescent, Newbiggin-by-the-sea NE64 6LG sold for £165,000. 63 Woodhorn Farm, Newbiggin-by-the-sea NE64 6AH sold for £170,000. 19 Latimer Way, Newbiggin-by-the-sea NE64 6JR sold for £170,000.**

This lot is open to immediate offers. Should you wish to offer NOW, you can do so via our “Offer NOW” button on our website.

This property is offered at a fantastic price to ensure an Auction sale. The property will feature in our upcoming timed online auction. To participate in the live auction, you must have a bidding account created.

For further details on how to have a bidding account created, please contact the team.

Location

Nestled on the picturesque coast of Northumberland, Newbiggin-by-the-Sea is a charming seaside town known for its beautiful bay and rich maritime history. The vibrant community and scenic surroundings make it a sought-after location for both residents and visitors. With easy access to local amenities and the stunning Northumberland coastline, it's an ideal place for tranquil living or investment opportunities.

Map

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Terms of Sale

All buyers must verify terms prior to placing a bid. Some sellers may have variations within their contracts. Should you place a bid you are confirming you are happy to proceed as per the Terms of the contract.