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This property was removed from Dealsourcr.

5 Bed Terraced House, Cash/Bridging Only, Gateshead, NE8 3ED £185,000

Sunderland Road, Bishops Park, Gateshead, NE8 3ED - 5 views - a year ago
  1. Deal Search
  2. Gateshead
  3. NE8
  4. NE8 3ED
Sold STC
Leasehold
Cash
ROI: 1%
~122 m²

ValuationUndervalued

This may not be accurate, please check manually.

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Links

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Property History

Listed for £185,000

February 19, 2025

Floor Plans

Description

  • Three Storey End Link Townhouse +
  • Double Length Driveway and Garage +
  • No Chain Involved +
  • Approx. Floor Area: 122 sqM or 1,316 sqFT +
  • Council Tax Band C +
  • EPC RATING B +

Three storey end link town house with up to 5 bedrooms and no chain involved. Can be sold with a tenant in-situ paying £1000pcm OR with vacant possession i.e. to an owner occupier.

Tenant has been in-situ since May 2024 paying £1000pcm giving a gross yield of 6.49% against the asking price.

The home has a valid EPC until December 2025 at Grade B, Gas Safety Certificate until August 2025 and EICR until April 2029.

To the ground floor, the property is briefly comprised of: entrance hallway with cloaks/WC; a versatile room that could be used as a snug, bedroom or study; and a utility with fitted units and plumbing for washing machine that leads onto the rear garden.

To the first floor, there is an open-plan and modern kitchen/diner including fashionable fitted units with ample room for a breakfasting table; an L-shaped open-plan living/dining room perfect for families; and a room to the rear that could serve a bedroom/study.

Finally, to the second floor, there are two double bedrooms - the master featuring its own en-suite shower room/WC, a third good sized single bedroom to the front and a family bathroom with attractive tiling over the bath consisting of a three-piece suite.

Externally off-street parking is on offer to the rear via a drive for at least two vehicles leading to an integral garage.

Enclosed rear garden mainly lawned and a front town garden.

There are visitors bays directly behind the property that are NOT included in the sale but have been regularly used by the current owner if extra parking is required.

We understand the property is on a 999-year lease from March 2012 leaving approx. 986 years remaining at the date of listing with ground rent of £150 per annum and an estate charge of £121.77 per annum. (Full details will be confirmed by solicitors and the estate charge can vary year on year)

MAKING AN OFFER Please note that all offers will require financial verification including mortgage agreement in principle, proof of deposit funds, proof of available cash and full chain details including selling agents and solicitors down the chain. Under New Money Laundering Regulations we require proof of identification from all buyers before acceptance letters are sent and solicitors can be instructed.

IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.

QLF240510/2

Agent Details

YOUR MOVE Chris Stonock, Low Fell

0191 625 1052

Next Steps?

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

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Investment Opportunity

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