Highly desirable location, popular with proffesional tenants +
Close to Newcastle City Centre, Trinity Square, Saltwell Park, Low Fell +
Rental income of £660PCM. Rapidly increasing rental values in this location, and good capital appreciation over the past 5 years +
2-Bed Ground Floor Flat | Fern Dene Road, NE8 4RU
Overview
2-bedroom ground floor flat let at £660 PCM to a fantastic tenant (in situ since August 2022). Located in the ever popular "Avenues" area, close to Saltwell Park, in a desirable area with a mix of owner-occupiers and investors. Fully refurbished to a high standard within the last 5 years.
Investment Highlights
Tenant in Situ: Since August 2022
Leasehold: 979 years remaining
Recent comprehensive Refurbishment completed
Scope for rent increase in future, market rental value is £695PCM
Local Amenities
Saltwell Park: Minutes away
Trinity Square: Shops, dining, cinema
Low Fell: Independent bars, restaurants
Gateshead/Newcastle Quayside is within 25 minutes walking distance
Transport Links
Newcastle Central Station: 10 mins by car
Gateshead Interchange: Metro & bus services
A1(M): Quick regional access
Newcastle Airport: 20 mins by car
Key Facts
Tenure: Leasehold (979 years) - Tyneside lease, no service charge, peppercorn ground rent.
Rent: £660 PCM
Size: 624 ft² / 58 m²
EPC: Current 74 (C) / Potential 76 (C)
Council Tax: Band A (£1,634 est.)
Built: 1900–1929
Agent Details
10Homes, Gateshead
0191 625 0254
Next Steps?
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