3 bedroom flat for sale

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3 bedroom flat for sale

Ravensworth Road, Gateshead NE11
£74,000

Price History

Initial price £84,500
10/11/24 £78,000
20/11/24 £76,000
24/11/24 £74,000
Price Change -12.43%

Description

This is an investment opportunity to purchase a property with a tenant already in place, paying £580 per month, resulting in a gross yield of 9.41% against the asking price. The current tenants have been living in the property for several years and have consistently paid their rent, with no intention to move out. The property itself is a three-bedroom flat with a lounge, kitchen, bathroom, and three bedrooms, with a rear yard. The property is leasehold for 999 years from 1993, with no service charge or ground rent payable. The property is being sold with the benefit of a tenant in situ, providing a steady income stream for the buyer.