Our latest listing is a 2 bedroom flat located in Gateshead. It is in close proximity to valuable amenities, is able to generate rewarding rental returns and has a tenant currently situated.
For investors looking to expand their portfolio, this is a fantastic opportunity!
This well-kept home features 2 bedrooms, lounge, kitchen, bathroom and street parking.
Investment details
It currently produces an annual gross income of £7,140 which could be increased by the new owner to a market rate of £7,560 with long term tenants currently situated. Considering the purchase price, this will make for a worthwhile addition to an investors property portfolio.
For greater detail on this property's investment potential, please see the Let Property Pack linked below.
If you are interested, please call us.
Tenancy Details
The current tenants have lived in the property for several years and have consistently paid their rent for the duration of their stay. They do not have any intentions to move out so hope to remain in the property.
Let Property is committed to facilitating a smooth transaction process between buyer and seller. To allow for maximum commitment to the sale from both parties, a Buyers Premium will apply in order 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 963 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.