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Lot - Flat 2, 18 Eslington Terrace, Jesmond, Newcastle upon Tyne, NE2 4RL

Guide Price* £175,000 +

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Property Type
Flat
Tenure
Leasehold
Type
Residential
Bedrooms
3
Bidder Security Deposit
£3,500*

Property Summary

  • On the instructions of the Joint Fixed Charge Receivers
  • Leasehold first floor self-contained flat
  • Three bedrooms, reception room / dining area, kitchen, bathroom/wc
  • Close to transport facilities and amenities
  • Investment producing £14,400.00 per annum

Leasehold first floor self-contained three-bedroom flat in the sought after area of Jesmond - Investment producing £14,400.00 per annum

Description

Leasehold first floor self-contained three-bedroom flat within a three storey mid terraced building.

Location

Jesmond is a highly sought after affluent suburb which is located north east of Newcastle upon Tyne City Centre off the A167 (M) motorway, the property is situated between Eslington Road and Haldane Terrace. Public transport facilities include Manors (Northern rail network) railway station which provides access to Newcastle City Centre, Ashington and Morpeth. Shopping amenities can be found locally as well as the many shops, bars and restaurants within the city centre. Recreational pursuits are at the nearby Exhibition Park.

Accommodation

Three bedrooms, reception room / dining area, kitchen, bathroom/wc

Tenancy

Let on a periodic tenancy from 12/6/2026 at a rent of £14,400.00 per annum

Lease Details

Held on a lease for a term of 99 years from 25/3/1980 (approximately 53 years unexpired) at a ground rent of £25 per annum.

EPC Rating

C

Council Tax Band

C

VAT

VAT is not applicable to this lot

Disclaimer*

* Guide Prices are provided as an indication of each seller's minimum expectation (also known as the 'Reserve Price'). They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve Price (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide Price.

The Guide Price for the Lot does not include the Buyers Administration Fee of £2,400 (inclusive of VAT). In addition, the Guide Price does not include VAT on the sale price, or any additional costs, charges or encumbrances that might apply to some Lots and/or some buyers. The Special Conditions of Sale of the seller, and any applicable Addendum, will state if there are other costs, charges or encumbrances and whether the seller has elected to charge VAT on the sale price.

To participate in the sale, SW Property Auctions must hold a minimum amount from all bidders. This participation amount and administration fee is fully refundable in the event that you are not the successful purchaser. For example, a participation fee of £5,900 comprises £3,500 relating to your bidder security (partial deposit payment) and the buyers administration fee of £2,400 (inc. VAT).

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