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2 Bed Flat, Cash/Bridging Only, Gateshead, NE8 2EY £140,000

Marmion Court, Worsdell Drive, Ochre Yards, Gateshead, NE8 2EY - 5 months ago
  1. Deal Search
  2. Gateshead
  3. NE8
  4. NE8 2EY
Sold STC
Leasehold
Cash
ROI: 7%
~68 m²

ValuationUndervalued

This may not be accurate, please check manually.

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Property History

Listed for £140,000

July 9, 2025

Description

  • Third Floor Apartment +
  • No Chain Involved +
  • Allocated Parking bay +
  • Approx. Floor Area: 624 ft2/ 58 m2 +
  • Council Tax Band C +
  • EPC Rating C +

Modern Two Bedroom Third Floor Apartment in Sought-After Ochre Yards Development with No Onward Chain.

The development is just a short distance from the City Centre and Quayside, providing easy access to shops, cafes, transport links, and riverside walks.

The property comprises an entrance hall with a storage cupboard that has plumbing for a washing machine. Spacious lounge/dining and kitchen area with French doors to small balcony.

The kitchen includes a built-in electric oven and microwave, integrated fridge/freezer, dishwasher, and an electric hob with extractor fan.

There are two double bedrooms. The main bedroom includes a Juliet balcony, space for wardrobes, and a partially tiled en-suite shower room/WC with an electric towel rail, extractor fan, and spot lighting. The main bathroom is also partially tiled and features a bath, extractor fan, and spot lights.

Allocated Parking & Lift Access: Benefit from secure allocated parking located in garage and convenient lift access to the third floor.

Electric heating system and secure telephone intercom entry system.

We understand the property is on a 125 year lease from 1st January 2012 leaving approx. 111 years at the time of listing. The annual service charge is approximately £2171.32 per annum and the ground rent is approximately £165.88 per annum and is increased every 5 years in line with the retail price index. Please note we have not inspected the head lease.

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.

QLF250306/2

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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