Fairway Court, Ochre Yards NE8 2 bed flat for sale

>

Fairway Court, Ochre Yards NE8 2 bed flat for sale

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.