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Fairway Court, Ochre Yards NE8 2 bed flat for sale
Fairway Court, Ochre Yards NE8
£179,950
Fairway Court, Ochre Yards NE8
£179,950
Price History
Initial price | £189,950 |
13/06/25 | £179,950 |
Price Change | -5.26% |
Description
This apartment is a fantastic buy-to-let investment opportunity, offering a gross yield of 9.34% with tenants paying £1400 per month. Located within the Ochre Yards development, it's just a short walk from Newcastle City Centre and benefits from a prime location. The property is nestled in a tranquil setting, yet is close to Gateshead Town Centre with its array of amenities, including shops, restaurants, and a cinema. The apartment is leasehold for 125 years, with approximately 104 years remaining, and comes with a ground rent of £195 per year and a monthly service charge of £236. With a tenant already in situ, this property is an ideal investment opportunity for anyone looking to generate a steady income.