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2 Bed Flat, Potential PLO/LOA, Gateshead, NE8 2DB £120,000

Worsdell Drive, Gateshead, NE8 2DB - a year ago
  1. Deal Search
  2. Gateshead
  3. NE8
  4. NE8 2DB
Leasehold
Negative Equity
ROI: 6%
~66 m²

ValuationUndervalued

This may not be accurate, please check manually.

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Links

  • More Deals in Gateshead
  • More Deals in NE8
  • More Negative Equity Deals
  • More Negative Equity Deals in Gateshead
  • More Negative Equity Deals in NE8

Property History

Price changed to £120,000

November 23, 2025

Price changed to £123,399

October 22, 2025

Price changed to £126,000

July 26, 2025

Price changed to £135,000

June 20, 2025

Price changed to £134,000

June 12, 2025

Price changed to £135,000

January 19, 2025

Price changed to £137,000

January 11, 2025

Price changed to £139,000

January 2, 2025

Price changed to £141,000

December 20, 2024

Price changed to £143,000

December 17, 2024

Listed for £145,000

-8%

November 13, 2024

Sold for £157,250

2006

Floor Plans

Description

  • Buy-to-Let Opportunity +
  • Long Term Tenant Currently Situated +
  • Likely to attract enquiries from Serious Investors & Developers +
  • Spacious Lounge +
  • Modern Kitchen +
  • INVESTMENT POTENTIAL DETAILED BELOW (Let Property Pack) +

Our latest listing is a 2 bedroom flat located in Gateshead. It is in close proximity to valuable amenities, is able to generate rewarding rental returns and has a tenant currently situated.

For investors looking to expand their portfolio, this is a fantastic opportunity!

This well-kept home features 2 bedrooms, a spacious lounge, and a modern kitchen.

Investment details

It currently produces an annual gross income of £14,400 with long term tenants currently situated. Considering the purchase price, this will make for a worthwhile addition to an investors property portfolio.

For greater detail on this property's investment potential, please see the Let Property Pack linked below.

If you are interested, please call us.

Tenancy Details

The current tenants have lived in the property for several years and have consistently paid their rent for the duration of their stay. They do not have any intentions to move out so hope to remain in the property.

We are committed to facilitating a smooth transaction process between buyer and seller. To allow for maximum commitment to the sale from both parties, a Buyers Premium will apply in order to secure a property.

Agent Details

Let Property Sales & Management, Glasgow

0141 673 7973

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

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Cashflows

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