2 bed flat

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2 bed flat

Ovett Gardens, Gateshead NE8
£85,000

Price History

Initial price £97,000
27/05/25 £92,000
10/06/25 £90,000
02/07/25 £85,000
Price Change -12.37%

Description

This 2-bedroom flat in Gateshead is a great investment opportunity for those looking to expand their portfolio. The property is well-kept and features a lounge, kitchen, and bathroom, and is currently generating an annual gross income of £9,000. With a market rate of £9,264 possible, this property has the potential to increase returns for the new owner. The current tenants, who have been in the property for several years, have a good track record of paying rent on time and have no intention of moving out, making for a stable and predictable income stream. The property is also close to valuable amenities, making it an attractive option for both investors and tenants alike.