£50,000

2 bed ground floor flat for sale in Percy Street, Jarrow (ref: RS0300)

Shortlist

Key features

  • Fitted Kitchen
  • Near South Shields Beach
  • Near Viking Shopping Centre
  • Popular Location
Welcome to Percy Street. This property is a welcoming two-bedroom, one-bathroom ground-floor flat on Percy Street, Jarrow, NE32. Keep reading to find out what makes this property unique!

Investment Potential with a Potential 13.2% Yield:

With its location and features, this property presents an appealing investment prospect. You could easily turn this property into a long-term home for a tenant while bringing in an amazing rental yield.

Prime Location Close to The Viking Shopping Centre and South Shields Beach:

The property is within walking distance of the popular shopping centre and is close to the Jarrow Hall Anglo-Saxon Village Museum as well as being only a 10 minute drive South Shield Beach front.

Recently Refurbished:

This property has undergone a recent refurbishment, ensuring a fresh and updated look throughout. The modern refurbishment adds value to the property, making it even more appealing to potential tenants or future buyers. The recent improvements contribute to the overall attractiveness and desirability of the house.

When you enter the property you are greeted by a bright living room, and a modern tiled kitchen with ample cupboard storage. There are also two bedrooms, one spacious double bedroom, and one single bedroom which could be used as a home office. You also have one family bathroom complete with a bath and overhead shower.

This flat is located near many local amenities such as the Viking Shopping Centre and South Shields Beach as well as, schools, shops, takeaways, and other everyday necessities.

Early viewing is highly recommended.


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 4.50% of the purchase price including VAT, subject to a minimum of £6,600.00 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.


Council Tax Band: A (South Tyneside Council)
Tenure: Leasehold (99 years)
Ground Rent: £15 per year

Stamp duty due

Based on a sale price of £50,000 the total amount of stamp duty payable will be:

*

Last updated: The calculator has been updated to reflect changes in stamp duty following the Mini Budget on 23rd September 2022.

* This value is based on the standard rate and not applicable to first-time buyers or buy-to-let / second home buyers.

7 Property images

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Further details

  • Status: Available
  • Council tax band: A
  • Tenure: Leasehold
  • Reference: 563028

Location

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