2 bedroom flat for sale

>

2 bedroom flat for sale

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.