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2 bedroom flat for sale
North West Side, Gateshead, Tyne & Wear, NE8 2BG
£135,000
North West Side, Gateshead, Tyne & Wear, NE8 2BG
£135,000
Price History
Initial price | £157,500 |
29/06/24 | £135,000 |
Price Change | -14.29% |
Description
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This well-presented two-bedroom apartment boasts stunning views over the River Tyne and comes with the added benefit of private parking. The apartment features an open-plan living space, two bedrooms, and a family bathroom, complemented by a private rear decked area ideal for al fresco dining. Currently tenanted by A1 tenants, it presents an attractive opportunity for buy-to-let investors, potentially yielding 6-7% annually. The property is leasehold with a 133-year lease, incurring an annual ground rent of £138 and a service charge of £1,900, both subject to yearly reviews. The apartment is situated in a desirable location and would suit professionals or investors looking for a property with a strong rental prospect.
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Note: The summary has been created based on the provided text, and the yield mentioned (6-7%) is an estimate and should be verified by the potential investor. The actual yield may vary depending on various factors including rental income and property purchase price.