Ravensworth Road, Gateshead NE11 3 bed flat for sale

>

Ravensworth Road, Gateshead NE11 3 bed flat for sale

Ravensworth Road, Gateshead NE11
£77,000

Price History

Initial price £79,000
03/05/25 £77,000
Price Change -2.53%

Description

This investment opportunity presents a property with a tenant in-situ, paying £580 per month, generating a gross yield of 8.81% against the asking price. The current tenants have been long-term residents, consistently paying their rent, and have no plans to move out. The property comprises a lounge, kitchen, inner lobby, bathroom, and three bedrooms, all with central heating radiators. The exterior features a rear yard, and the property is leasehold with a 999-year lease from 1993, with no service charge or ground rent payable. The current owner has verbally confirmed that the tenant intends to remain in the property, providing a stable and predictable income stream for the new owner.