The Grainger, The Staiths NE8 2 bed flat for sale

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The Grainger, The Staiths NE8 2 bed flat for sale

The Grainger, North West Side, The Staiths, Gateshead, NE8
£129,000

Price History

Initial price £135,000
04/04/25 £129,000
Price Change -4.44%

Description

This fourth-floor apartment boasts breathtaking panoramic river views and is available for sale with a tenant in-situ or vacant possession. The tenant is currently paying £875 per month on a rolling contract, providing a gross yield of 8.13% against the asking price. The property features a spacious open-plan living and kitchen area, a comfortable double bedroom with French doors leading to a balcony, and a cozy single bedroom and partially tiled bathroom. Additional benefits include an allocated parking bay, electric heating system, and secure intercom entry system. The apartment is on a 150-year lease from December 2002, with approximately 127 years remaining at the time of listing. The service charge is approximately £139.06 per month and the ground rent is approximately £201.06 per annum. The seller is willing to consider offers, but all offers will require financial verification, including a mortgage agreement in principle.