Chevington, Gateshead NE10 1 bed flat for sale

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Chevington, Gateshead NE10 1 bed flat for sale

Chevington, Gateshead NE10
£65,000

Price History

Initial price £75,000
01/11/25 £65,000
Price Change -13.33%

Description

This one-bedroom ground floor flat is available for sale with no onward chain, making it an attractive option for first-time buyers, professionals, and investors. The property boasts a spacious lounge with a feature fireplace, a partially tiled bathroom, and a double bedroom with plenty of storage space. The kitchen is equipped with modern appliances, and the property also features a large storage cupboard, double glazing, and a gas central heating system. The flat has a mostly lawned rear garden and a mostly lawned front garden, as well as a side garden with a storage shed. With an asking price that represents an 8.8% gross yield, this property offers a lucrative investment opportunity. Additionally, the property has a 125-year lease remaining, with an annual service charge and ground rent of around £681.51.