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Lumley Close, Oxclose, Washington, Tyne and Wear, NE38

PROPERTY TYPE

Apartment

BEDROOMS

1

BATHROOMS

1

SIZE

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Describes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.

Key features

  • One Bedroom
  • Kitchen/Diner
  • Balcony
  • Resident Parking

Description

A well-presented investment opportunity in the form of a one bedroom apartment sold with tenant - offering a yield of approximately 9.9%.

The accommodation briefly comprises: spacious hallway leading to lounge, kitchen, bathroom and one large bedroom with fitted wardrobes. The property is further complemented with a private balcony for outside space. Externally, the property has one allocated parking space just outside the main door and has further non-allocated parking for guests.

The property is located in the popular area of Oxclose, Washington and offers a range of local amenities, The Galleries shopping centre is just a short walk away and there are excellent roads links to all major cities such as Newcastle, Sunderland and Durham.

The property would suit somebody looking to get into the investment world to looking to expand their portfolio.

Viewings are highly recommended.

Entrance Hall

Access to:

Kitchen/ Dining Room

5.61m x 2.06m

A range of modern wall and floor units with integrated appliances, sink with drainer unit; glazed window.

Lounge

4.1m x 3.28m

Central heating radiator, glazed window, access to balcony.

Bedroom One

3.53m x 3.3m

Central heating radiator, glazed windows.

Bathroom

2.13m x 1.9m

Wash hand basin, WC, bathtub with overhead shower.

External

Balcony area, resident parking.

Tenure

Leasehold. With a 999 year lease type, we have been advised the Service Charge is £120pcm, covering building insurance, cleaning and gardening for communal areas and externals. The water is metered at the location. There is no Ground Rent payable as it is incoporated in the Service Charge.

Council Tax

Band A.

EPC

Band C.

Disclaimer

Every attempt has been made to ensure accuracy, however these property particulars are approximate and for illustrative purposes only. They have been prepared in good faith and they are not intended to constitute part of an offer of contract. We have not carried out a structural survey and the services, appliances and specific fittings have not been tested. All photographs, measurements, floor plans and distances referred to are given as a guide only and should not be relied upon for the purchase of any fixture or fittings. Lease details, service charges and ground rent (where applicable) are given as a guide only and should be checked prior to agreeing a sale.

Brochures

Particulars

Tenure: Leasehold You buy the right to live in a property for a fixed number of years, but the freeholder owns the land the property's built on.Read more about tenure type in our glossary page.

GROUND RENTA regular payment made by the leaseholder to the freeholder, or management company.Read more about ground rent in our glossary page.

£0 per year

ANNUAL SERVICE CHARGEA regular payment for things like building insurance, lighting, cleaning and maintenance for shared areas of an estate. They're often paid once a year, or annually.Read more about annual service charge in our glossary page.

£1440

LENGTH OF LEASEHow long you've bought the leasehold, or right to live in a property for.Read more about length of lease in our glossary page.

997 years left

Council TaxA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council tax in our glossary page.

Band: A

Lumley Close, Oxclose, Washington, Tyne and Wear, NE38

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Chester-le-Street Station3.5 miles
  • Pelaw Metro Station3.6 miles
  • Heworth Station3.7 miles
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About the agent

Gordon Lamb Ltd, Washington

Unit 51/52 The Galleries, Washington Centre, Washington, NE38 7SD

Gordon Lamb Ltd, Washington

Gordon Lamb started selling houses in Washington over 35 years ago and subsequently set up Gordon Lamb estate agency in 1991. Within 6 months it became one of the largest agents in Washington and subsequently has become one of the most highly respected and successful independent estate agents in the area.

Times, techniques and technology have changed, and Gordon Lamb have changed too, ensuring that our clients experienced of selling and buying property is as stress free and painless as

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Disclaimer - Property reference GOL220118. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Gordon Lamb Ltd, Washington. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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