2 bed flat for sale

Elmfield Court, Bedlington NE22

**sale by auction** – A Modern Fully Furnished Two-Bedroom Ground Floor Apartment, Let on Guaranteed Rent to a Housing Association – Producing £18,200 Gross Rent Per Annum with a 10% net Return Assured for 25 Years, – Fully Hands-Off Investment with a Buy-Back Option at Year Three Offering a 30% Uplift.

**For Sale By Public Auction – To inspect the legal documents for this property, please visit our website to download the legal pack.**

Description:

The property comprises a modern ground floor two-bedroom apartment, situated within a purpose-built block constructed in 2017. The accommodation extends to approximately 549 sq. Ft. And benefits from double-glazed windows and mains gas central heating.

This is a cash-only purchase and offers an exceptional investment opportunity in Batley. The apartment is fully furnished, completed and tenanted, and is let on a guaranteed rent agreement backed by a government scheme and secured through a cbs Registered Housing Association.

The investment produces £18,200 gross rent per annum. Returns are paid immediately, providing instant rental income upon completion of purchase.

A buy-back option is available at year three with a 30% uplift, further enhancing long-term value. This fully hands-off investment has been designed to deliver high-yield returns, with no void periods, no service charges, and no management fees.

Tenure: Leasehold. Held on a 125-year lease from 2017, with approximately 107 years unexpired.

Location: The apartment is located within Elmfield Court in Bedlington, a popular residential area in Northumberland. Bedlington offers a range of local amenities, schools and transport links, with good access to nearby towns and Newcastle upon Tyne.

Accommodation: The flat comprises:

• Two Bedrooms
• Reception Room
• Kitchen
• Bathroom