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2 bedroom flat for sale
Fairway Court, Fletcher Road, Ochre Yards, Gateshead, NE8
£179,950
Fairway Court, Fletcher Road, Ochre Yards, Gateshead, NE8
£179,950
Price History
Initial price | £189,950 |
13/06/25 | £179,950 |
Price Change | -5.26% |
Description
This apartment, located within the Ochre Yards development, is being sold as a buy-to-let investment with a tenant already in situ, generating a gross yield of 9.34% with rent of £1400 per month. The property offers a prime location, within walking distance of Newcastle City Centre, and is surrounded by amenities such as a cinema, restaurants, and a Tesco supermarket. 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. The property provides a seamless blend of urban convenience and tranquil living, with easy access to transport links and a range of local amenities.