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2 Bed Flat, Potential PLO/LOA, Gateshead, NE8 3JG £90,000

Foster Drive, Gateshead, NE8 3JG - 10 months ago
  1. Deal Search
  2. Gateshead
  3. NE8
  4. NE8 3JG
Leasehold
Negative Equity
ROI: 5%
~57 m²

ValuationOvervalued

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 £90,000

November 7, 2025

Price changed to £86,000

June 20, 2025

Price changed to £82,000

May 15, 2025

Price changed to £90,000

April 5, 2025

Price changed to £84,000

March 20, 2025

Price changed to £88,000

March 8, 2025

Price changed to £90,000

February 24, 2025

Listed for £105,000

-9%

January 24, 2025

Sold for £114,950

2006

Sold for £103,950

2003

Floor Plans

Description

  • Buy-to-Let Opportunity +
  • Tenants Currently Situated +
  • Likely to attract enquiries from Serious Investors & Developers +
  • Well Maintained Property +
  • Easy Access to Local Amenities +
  • INVESTMENT POTENTIAL DETAILED BELOW (Let Property Pack) +

Our latest listing is a 2-bedroom Flat in Gateshead. It is near valuable amenities, can generate rewarding rental returns, and has a tenant currently residing there.

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

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

Investment details

It currently produces an annual gross income of £9,588 which the new owner could increase to a market rate of £10,200 with long-term tenants presently situated. Considering the purchase price, this will make for a worthwhile addition to an investor's property portfolio.

Please see the Let Property Pack linked below for greater details on this property's investment potential.

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 their stay. They do not intend to move out so they 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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