Ovett Gardens, Gateshead NE8 2 bed flat for sale

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Ovett Gardens, Gateshead NE8 2 bed flat for sale

Ovett Gardens, Gateshead NE8
£95,000

Price History

Initial price £97,000
27/05/25 £92,000
10/06/25 £90,000
02/07/25 £85,000
15/07/25 £95,000
Price Change -2.06%

Description

This 2-bedroom flat in Gateshead is an attractive investment opportunity for those looking to expand their portfolio. The property is well-kept and features a lounge, kitchen, and bathroom, with a current annual gross income of £9,000 from long-term tenants who have consistently paid their rent. With a market rate of £9,264, the new owner has the potential to increase the rental income. The current tenants, who have lived in the property for several years, do not intend to move out, making for a smooth transition. With a worthwhile addition to an investor's portfolio, this property offers a rewarding rental return and a hassle-free transaction process.