54 Kenilworth Court, Washington, Tyne and Wear NE37 3EA

A spacious two-bedroom duplex apartment offering well-proportioned accommodation over two floors and representing an excellent investment opportunity with immediate rental income.

Situated within a well-kept residential complex, the property is presented in good, clean and tidy condition throughout while still offering scope for cosmetic improvement and future value enhancement. Currently tenanted at £450 PCM (£5,400 per annum), there is potential for rental uplift in line with market rates. The long-term tenant has indicated a desire to remain, providing a ready-made income-producing investment for landlords. We are informed the tenant has recently signed a new assured tenancy agreement (signed since the renters reform act came into place on the 1st of May).

Internally, the apartment benefits from a generous lounge area, fitted kitchen, bathroom and two good sized bedrooms, with the duplex layout creating a spacious and practical feel throughout.

Conveniently positioned close to local amenities, shops and transport links, the property would suit buy-to-let investors seeking an affordable addition to their portfolio with ongoing income and future growth potential.

The apartment is Located in the established residential area of Sulgrave, Washington, NE37 3EA offers convenient access to a wide range of local amenities, schools and transport links. The property is ideally positioned for commuters, with easy access to the A1231, A1(M) and nearby routes connecting Sunderland, Newcastle and Gateshead. Washington Galleries shopping centre, supermarkets and leisure facilities are all within a short drive, while regular bus services operate nearby. The area also benefits from local parks and green spaces, making it a practical and well-connected location for families, professionals and investors alike.

Auction Details

The sale of this property will take place on the stated date by way of Live streamed auction and is being sold under the Unconditional sale type.

Binding contracts will be exchanged at the point of sale.

All sales are subject to our Common Auction Conditions and Bidder Terms. Properties located in Scotland and Northern Ireland will be subject to applicable local laws.

Auction Deposit and Fees

The following deposits and non- refundable auctioneers fees apply:

• 5% deposit (subject to a minimum of £5,000)

• Buyer’s Fee of £2,500 inc VAT.

There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.

Additional Information

For full details about our auction processes, please refer to the Bidder Terms which can be viewed on our home page.

This explains the types of auction and sale methods we offer, the bidding registration process, your payment obligations, and how to view the Legal Pack (and any applicable home report for residential Scottish properties).

Guide Price & Reserve Price

Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.