2 bedroom flat for sale

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2 bedroom flat for sale

Ovett Gardens, St James Village, Gateshead, NE8
£100,000

Price History

Initial price £105,000
25/09/24 £100,000
Price Change -4.76%

Description

This first-floor apartment is a great opportunity for first-time buyers and investors, with similar flats in the area renting for around £750 per month. The property is on a 125-year lease, starting in January 2004, with 104 years remaining at the time of listing. The annual ground rent is £100 and the annual service charge is approximately £1,464, which works out to £122 per month. With a confirmed lease and manageable maintenance costs, this apartment offers a stable and affordable investment or home ownership option.