3 bedroom flat for sale

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3 bedroom flat for sale

Ravensworth Road, Dunston, Gateshead, NE11
£77,000

Price History

Initial price £79,000
02/05/25 £77,000
Price Change -2.53%

Description

This investment opportunity is a property with a tenant already in-situ, paying £580 per month, which translates to a gross yield of 8.81% against the asking price. The current tenants have been living in the property for several years and have consistently paid their rent, with no plans to move out. The property itself is a three-bedroom flat with a lounge, kitchen, bathroom, and three bedrooms, all with central heating radiators. The kitchen features a range of wall and base units, worktops, and appliances, while the bathroom has a bath, wash hand basin, and low-level WC. The property also has a rear yard and is leasehold with a 999-year lease from 1993, with no service charge or ground rent payable.