Our latest listing is a 2-bedroom Flat located in Gateshead. It is conveniently close to essential amenities, offers strong potential for rental returns, and has a tenant in residence.
For investors looking to expand their portfolio, this is a fantastic opportunity!
This property features two bedrooms, a three-piece bathroom, a lounge, and a kitchen. Additional features include a communal rear garden.
Investment details
It currently generates an annual gross income of £6,588, with tenants currently residing there. Considering the purchase price and the potential rental income that could be earned in future years, this will make for a worthwhile addition to an investor's property portfolio.
Please see the Let Property Pack linked below for greater details on this property's investment potential.
If you are interested, please call us.
Tenancy Details
The current tenants have been residing in the property for several years and have consistently paid their rent on time. They do not plan to move out and wish to continue their tenancy.
Let Property is committed to facilitating a smooth transaction process between buyer and seller. To ensure maximum commitment to the sale from both parties, a Buyer's Premium will be applied to secure a property.
Provided by the seller as verbal and written confirmation and documentation will be provided at Completion once the property has been secured.
Provided by the seller as verbal and written confirmation and documentation will be provided at Completion once the property has been secured.
Length of Tenancy has been verified by Let Property by reviewing the date from when the provided tenancy documentation began.
Verified as Leasehold with 980 years on lease
Property Tenure documentation has been provided to Let Property and has been Verified.
EICR documentation has been provided by the seller as verbal and written confirmation of availability and documentation will be provided at Completion once the property has been secured.
Gas Safety documentation has been provided by the seller as verbal and written confirmation of availability and documentation will be provided at Completion once the property has been secured.
EPC documentation has been provided by the seller as verbal and written confirmation of availability and documentation will be provided at Completion once the property has been secured.
Council Tax Band: A
Interactive street-level view of the property location and surrounding area.